Jb Financial (Korea) Market Value
| 175330 Stock | 19,940 690.00 3.58% |
| Symbol | 175330 |
Jb Financial '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 Jb Financial'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 Jb Financial.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Jb Financial on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Jb Financial or generate 0.0% return on investment in Jb Financial over 30 days. Jb Financial is related to or competes with Cube Entertainment, Dreamus, LG Energy, Dongwon System, Lotte Non, Namhwa Industrial, and Hyundai Heavy. More
Jb Financial 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 Jb Financial'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 Jb Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.118 | |||
| Maximum Drawdown | 11.44 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 4.73 |
Jb Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jb Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jb Financial's standard deviation. In reality, there are many statistical measures that can use Jb Financial historical prices to predict the future Jb Financial's volatility.| Risk Adjusted Performance | 0.1386 | |||
| Jensen Alpha | 0.4108 | |||
| Total Risk Alpha | 0.0399 | |||
| Sortino Ratio | 0.1556 | |||
| Treynor Ratio | (2.07) |
Jb Financial Backtested Returns
Jb Financial appears to be very steady, given 3 months investment horizon. Jb Financial retains Efficiency (Sharpe Ratio) of 0.26, which attests that the entity had a 0.26% return per unit of price deviation over the last 3 months. By evaluating Jb Financial's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Jb Financial's Market Risk Adjusted Performance of (2.06), standard deviation of 2.32, and Semi Deviation of 1.51 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jb Financial holds a performance score of 20. The company owns a Beta (Systematic Risk) of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jb Financial are expected to decrease at a much lower rate. During the bear market, Jb Financial is likely to outperform the market. Please check Jb Financial's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Jb Financial's current price history will revert.
Auto-correlation | 0.29 |
Poor predictability
Jb Financial has poor predictability. Overlapping area represents the amount of predictability between Jb Financial time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Jb Financial price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Jb Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 347.5 K |
Jb Financial lagged returns against current returns
Autocorrelation, which is Jb Financial 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 Jb Financial's stock expected returns. We can calculate the autocorrelation of Jb Financial returns to help us make a trade decision. For example, suppose you find that Jb Financial 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 |
Jb Financial 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 Jb Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jb Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jb Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Jb Financial Lagged Returns
When evaluating Jb Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jb Financial stock have on its future price. Jb Financial 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, Jb Financial autocorrelation shows the relationship between Jb Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Jb Financial.
Regressed Prices |
| Timeline |
Pair Trading with Jb Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Jb Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Jb Financial will appreciate offsetting losses from the drop in the long position's value.Moving against 175330 Stock
| 0.75 | 078020 | EBEST Investment Sec | PairCorr |
| 0.71 | 014680 | Hansol Chemica | PairCorr |
| 0.68 | 029780 | Samsung Card | PairCorr |
| 0.6 | 098460 | Koh Young Technology | PairCorr |
| 0.55 | 021240 | COWAY | PairCorr |
The ability to find closely correlated positions to Jb Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jb Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jb Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jb Financial to buy it.
The correlation of Jb Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jb Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jb Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Jb Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in 175330 Stock
Jb Financial financial ratios help investors to determine whether 175330 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 175330 with respect to the benefits of owning Jb Financial security.