JinkoSolar Holding (Germany) Market Value
| ZJS1 Stock | 27.40 1.40 5.38% |
| Symbol | JinkoSolar |
JinkoSolar Holding '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 JinkoSolar Holding's stock 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 JinkoSolar Holding.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in JinkoSolar Holding on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding JinkoSolar Holding Co or generate 0.0% return on investment in JinkoSolar Holding over 30 days. JinkoSolar Holding is related to or competes with Siamgas, Zijin Mining, ARDAGH METAL, Soken Chemical, MCEWEN MINING, and Silicon Motion. More
JinkoSolar Holding 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 JinkoSolar Holding's stock 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 JinkoSolar Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.65 | |||
| Information Ratio | 0.0451 | |||
| Maximum Drawdown | 36.73 | |||
| Value At Risk | (7.84) | |||
| Potential Upside | 10.11 |
JinkoSolar Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JinkoSolar Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JinkoSolar Holding's standard deviation. In reality, there are many statistical measures that can use JinkoSolar Holding historical prices to predict the future JinkoSolar Holding's volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.3155 | |||
| Total Risk Alpha | 0.1574 | |||
| Sortino Ratio | 0.0415 | |||
| Treynor Ratio | (0.25) |
JinkoSolar Holding Backtested Returns
JinkoSolar Holding appears to be somewhat reliable, given 3 months investment horizon. JinkoSolar Holding holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. By evaluating JinkoSolar Holding's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize JinkoSolar Holding's Market Risk Adjusted Performance of (0.24), downside deviation of 6.65, and Risk Adjusted Performance of 0.0489 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JinkoSolar Holding holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -1.2, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning JinkoSolar Holding are expected to decrease by larger amounts. On the other hand, during market turmoil, JinkoSolar Holding is expected to outperform it. Please check JinkoSolar Holding's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether JinkoSolar Holding's current trending patterns will revert.
Auto-correlation | -0.97 |
Near perfect reversele predictability
JinkoSolar Holding Co has near perfect reversele predictability. Overlapping area represents the amount of predictability between JinkoSolar Holding time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of JinkoSolar Holding price movement. The serial correlation of -0.97 indicates that 97.0% of current JinkoSolar Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.97 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 |
JinkoSolar Holding lagged returns against current returns
Autocorrelation, which is JinkoSolar Holding stock'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 JinkoSolar Holding's stock expected returns. We can calculate the autocorrelation of JinkoSolar Holding returns to help us make a trade decision. For example, suppose you find that JinkoSolar Holding has exhibited high autocorrelation historically, and you observe that the stock 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 |
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JinkoSolar Holding 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 JinkoSolar Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JinkoSolar Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JinkoSolar Holding stock over time.
Current vs Lagged Prices |
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JinkoSolar Holding Lagged Returns
When evaluating JinkoSolar Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JinkoSolar Holding stock have on its future price. JinkoSolar Holding 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, JinkoSolar Holding autocorrelation shows the relationship between JinkoSolar Holding stock current value and its past values and can show if there is a momentum factor associated with investing in JinkoSolar Holding Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for JinkoSolar Stock Analysis
When running JinkoSolar Holding's price analysis, check to measure JinkoSolar Holding'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 JinkoSolar Holding is operating at the current time. Most of JinkoSolar Holding's value examination focuses on studying past and present price action to predict the probability of JinkoSolar Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JinkoSolar Holding's price. Additionally, you may evaluate how the addition of JinkoSolar Holding to your portfolios can decrease your overall portfolio volatility.