Jinkosolar Holding Stock Technical Analysis
| JKS Stock | USD 23.17 0.29 1.27% |
As of the 25th of April, JinkoSolar Holding retains the Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.08), and Standard Deviation of 3.61. JinkoSolar Holding technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to collect data for thirteen technical drivers for JinkoSolar Holding, which can be compared to its competitors. Please check out JinkoSolar Holding information ratio and skewness to decide if JinkoSolar Holding is priced fairly, providing market reflects its last-minute price of 23.17 per share. Given that JinkoSolar Holding has information ratio of (0.09), we strongly advise you to confirm JinkoSolar Holding's regular market performance to make sure the company can sustain itself at a future point.
JinkoSolar Holding Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as JinkoSolar, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to JinkoSolarJinkoSolar |
JinkoSolar Holding technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
JinkoSolar Holding Technical Analysis
The output start index for this execution was five with a total number of output elements of fifty-six. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of JinkoSolar Holding volatility. High ATR values indicate high volatility, and low values indicate low volatility.
JinkoSolar Holding Trend Analysis
Use this graph to draw trend lines for JinkoSolar Holding. You can use it to identify possible trend reversals for JinkoSolar Holding as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual JinkoSolar Holding price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.JinkoSolar Holding Best Fit Change Line
The following chart estimates an ordinary least squares regression model for JinkoSolar Holding applied against its price change over selected period. The best fit line has a slop of 0.07 , which may imply that the returns on investment in JinkoSolar Holding will continue to fail. It has 122 observation points and a regression sum of squares at 207.35, which is the sum of squared deviations for the predicted JinkoSolar Holding price change compared to its average price change.About JinkoSolar Holding Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of JinkoSolar Holding on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of JinkoSolar Holding based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on JinkoSolar Holding price pattern first instead of the macroeconomic environment surrounding JinkoSolar Holding. By analyzing JinkoSolar Holding's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of JinkoSolar Holding's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to JinkoSolar Holding specific price patterns or momentum indicators. Please read more on our technical analysis page.
JinkoSolar Holding April 25, 2024 Technical Indicators
Most technical analysis of JinkoSolar help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for JinkoSolar from various momentum indicators to cycle indicators. When you analyze JinkoSolar charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.08) | |||
| Mean Deviation | 2.81 | |||
| Coefficient Of Variation | (1,545) | |||
| Standard Deviation | 3.61 | |||
| Variance | 13.06 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.09) | |||
| Maximum Drawdown | 15.24 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 5.49 | |||
| Skewness | 0.2825 | |||
| Kurtosis | 0.2871 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JinkoSolar Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy JinkoSolar Stock please use our How to Invest in JinkoSolar Holding guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary 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.
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Is JinkoSolar Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JinkoSolar Holding. If investors know JinkoSolar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JinkoSolar Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of JinkoSolar Holding is measured differently than its book value, which is the value of JinkoSolar that is recorded on the company's balance sheet. Investors also form their own opinion of JinkoSolar Holding's value that differs from its market value or its book value, called intrinsic value, which is JinkoSolar Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JinkoSolar Holding's market value can be influenced by many factors that don't directly affect JinkoSolar Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JinkoSolar Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if JinkoSolar Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JinkoSolar Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.