Zijin Mining (China) Market Value
| 601899 Stock | 15.35 0.22 1.41% |
| Symbol | Zijin |
Zijin Mining '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 Zijin Mining'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 Zijin Mining.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Zijin Mining on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Zijin Mining Group or generate 0.0% return on investment in Zijin Mining over 30 days. Zijin Mining is related to or competes with Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Zijin Mining is entity of China. It is traded as Stock on SHG exchange. More
Zijin Mining 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 Zijin Mining'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 Zijin Mining Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0052 | |||
| Maximum Drawdown | 10.1 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 3.35 |
Zijin Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zijin Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zijin Mining's standard deviation. In reality, there are many statistical measures that can use Zijin Mining historical prices to predict the future Zijin Mining's volatility.| Risk Adjusted Performance | 0.0449 | |||
| Jensen Alpha | 0.1244 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0048 | |||
| Treynor Ratio | (0.39) |
Zijin Mining Group Backtested Returns
At this point, Zijin Mining is not too volatile. Zijin Mining Group shows Sharpe Ratio of 0.0266, which attests that the company had a 0.0266% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zijin Mining Group, which you can use to evaluate the volatility of the company. Please check out Zijin Mining's Market Risk Adjusted Performance of (0.38), downside deviation of 2.29, and Mean Deviation of 1.64 to validate if the risk estimate we provide is consistent with the expected return of 0.0553%. Zijin Mining has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zijin Mining are expected to decrease at a much lower rate. During the bear market, Zijin Mining is likely to outperform the market. Zijin Mining Group right now maintains a risk of 2.08%. Please check out Zijin Mining Group semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Zijin Mining Group will be following its historical returns.
Auto-correlation | -0.52 |
Good reverse predictability
Zijin Mining Group has good reverse predictability. Overlapping area represents the amount of predictability between Zijin Mining time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Zijin Mining Group price movement. The serial correlation of -0.52 indicates that about 52.0% of current Zijin Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Zijin Mining Group lagged returns against current returns
Autocorrelation, which is Zijin Mining 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 Zijin Mining's stock expected returns. We can calculate the autocorrelation of Zijin Mining returns to help us make a trade decision. For example, suppose you find that Zijin Mining 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 |
| Timeline |
Zijin Mining 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 Zijin Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zijin Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zijin Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Zijin Mining Lagged Returns
When evaluating Zijin Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zijin Mining stock have on its future price. Zijin Mining 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, Zijin Mining autocorrelation shows the relationship between Zijin Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Zijin Mining Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zijin Stock
Zijin Mining financial ratios help investors to determine whether Zijin Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zijin with respect to the benefits of owning Zijin Mining security.