Jiangsu Phoenix (China) Market Value
| 601928 Stock | 11.12 0.21 1.85% |
| Symbol | Jiangsu |
Jiangsu Phoenix '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 Phoenix'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 Jiangsu Phoenix.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Jiangsu Phoenix on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Jiangsu Phoenix Publishing or generate 0.0% return on investment in Jiangsu Phoenix over 720 days. Jiangsu Phoenix is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Inner Mongolia, Shanghai Zhangjiang, and 3onedata. Jiangsu Phoenix is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu Phoenix 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 Phoenix'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 Jiangsu Phoenix Publishing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.31 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.41 |
Jiangsu Phoenix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Phoenix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Phoenix's standard deviation. In reality, there are many statistical measures that can use Jiangsu Phoenix historical prices to predict the future Jiangsu Phoenix's volatility.| Risk Adjusted Performance | 0.0268 | |||
| Jensen Alpha | 0.0175 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1501 |
Jiangsu Phoenix Publ Backtested Returns
Jiangsu Phoenix Publ holds Efficiency (Sharpe) Ratio of -0.0081, which attests that the entity had a -0.0081% return per unit of risk over the last 3 months. Jiangsu Phoenix Publ exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiangsu Phoenix's Risk Adjusted Performance of 0.0268, downside deviation of 2.42, and Market Risk Adjusted Performance of 0.1601 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jiangsu Phoenix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangsu Phoenix is expected to be smaller as well. At this point, Jiangsu Phoenix Publ has a negative expected return of -0.02%. Please make sure to check out Jiangsu Phoenix's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Jiangsu Phoenix Publ performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Jiangsu Phoenix Publishing has modest predictability. Overlapping area represents the amount of predictability between Jiangsu Phoenix time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Phoenix Publ price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Jiangsu Phoenix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Jiangsu Phoenix Publ lagged returns against current returns
Autocorrelation, which is Jiangsu Phoenix 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 Jiangsu Phoenix's stock expected returns. We can calculate the autocorrelation of Jiangsu Phoenix returns to help us make a trade decision. For example, suppose you find that Jiangsu Phoenix 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 |
Jiangsu Phoenix 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 Phoenix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Phoenix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Phoenix stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Phoenix Lagged Returns
When evaluating Jiangsu Phoenix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Phoenix stock have on its future price. Jiangsu Phoenix 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 Phoenix autocorrelation shows the relationship between Jiangsu Phoenix stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Phoenix Publishing.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu Phoenix financial ratios help investors to determine whether Jiangsu 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 Jiangsu with respect to the benefits of owning Jiangsu Phoenix security.