Jiangsu Expressway Co Stock Market Value
| JEXYY Stock | USD 22.27 1.52 7.33% |
| Symbol | Jiangsu |
Jiangsu Expressway 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Jiangsu Expressway's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Jiangsu Expressway.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Jiangsu Expressway on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangsu Expressway Co or generate 0.0% return on investment in Jiangsu Expressway over 30 days. Jiangsu Expressway is related to or competes with BKV, Commerce Bancshares, DocuSign, Vulcan Energy, Alphabet, Quad Graphics, and Natera. Jiangsu Expressway Company Limited invests in, constructs, operates, and manages toll roads and bridges in the Peoples R... More
Jiangsu Expressway Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Jiangsu Expressway's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Jiangsu Expressway Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.18 | |||
| Information Ratio | 0.0683 | |||
| Maximum Drawdown | 19.83 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 5.26 |
Jiangsu Expressway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Expressway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Expressway's standard deviation. In reality, there are many statistical measures that can use Jiangsu Expressway historical prices to predict the future Jiangsu Expressway's volatility.| Risk Adjusted Performance | 0.0699 | |||
| Jensen Alpha | 0.2322 | |||
| Total Risk Alpha | 0.1456 | |||
| Sortino Ratio | 0.0338 | |||
| Treynor Ratio | (6.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jiangsu Expressway's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Jiangsu Expressway Backtested Returns
Jiangsu Expressway appears to be not too volatile, given 3 months investment horizon. Jiangsu Expressway holds Efficiency (Sharpe) Ratio of 0.0692, which attests that the entity had a 0.0692% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jiangsu Expressway, which you can use to evaluate the volatility of the firm. Please utilize Jiangsu Expressway's Downside Deviation of 6.18, risk adjusted performance of 0.0699, and Market Risk Adjusted Performance of (6.45) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu Expressway holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -0.0358, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangsu Expressway are expected to decrease at a much lower rate. During the bear market, Jiangsu Expressway is likely to outperform the market. Please check Jiangsu Expressway's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Jiangsu Expressway's current trending patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Jiangsu Expressway Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Expressway time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Jiangsu Expressway price movement. The serial correlation of -0.01 indicates that just 1.0% of current Jiangsu Expressway price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Jiangsu Expressway lagged returns against current returns
Autocorrelation, which is Jiangsu Expressway pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Jiangsu Expressway's pink sheet expected returns. We can calculate the autocorrelation of Jiangsu Expressway returns to help us make a trade decision. For example, suppose you find that Jiangsu Expressway has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Jiangsu Expressway regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Jiangsu Expressway pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Expressway pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Expressway pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Expressway Lagged Returns
When evaluating Jiangsu Expressway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Expressway pink sheet have on its future price. Jiangsu Expressway autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Jiangsu Expressway autocorrelation shows the relationship between Jiangsu Expressway pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Expressway Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Jiangsu Pink Sheet Analysis
When running Jiangsu Expressway's price analysis, check to measure Jiangsu Expressway's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jiangsu Expressway is operating at the current time. Most of Jiangsu Expressway's value examination focuses on studying past and present price action to predict the probability of Jiangsu Expressway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jiangsu Expressway's price. Additionally, you may evaluate how the addition of Jiangsu Expressway to your portfolios can decrease your overall portfolio volatility.