JSL Construction (Taiwan) Market Value
| 2540 Stock | TWD 89.20 1.40 1.59% |
| Symbol | JSL |
JSL Construction '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 JSL Construction'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 JSL Construction.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in JSL Construction on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding JSL Construction Development or generate 0.0% return on investment in JSL Construction over 30 days. JSL Construction is related to or competes with Kings Town, Highwealth Construction, Sakura Development, Prince Housing, and Hung Sheng. JSL Construction Development Co., Ltd. engages in property agency and construction business in Taiwan More
JSL Construction 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 JSL Construction'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 JSL Construction Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 44.73 | |||
| Value At Risk | (7.87) | |||
| Potential Upside | 3.93 |
JSL Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JSL Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JSL Construction's standard deviation. In reality, there are many statistical measures that can use JSL Construction historical prices to predict the future JSL Construction's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.80) | |||
| Total Risk Alpha | (1.71) | |||
| Treynor Ratio | 0.8197 |
JSL Construction Dev Backtested Returns
JSL Construction Dev holds Efficiency (Sharpe) Ratio of -0.22, which attests that the entity had a -0.22% return per unit of volatility over the last 3 months. JSL Construction Dev exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JSL Construction's market risk adjusted performance of 0.8297, and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.13, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning JSL Construction are expected to decrease slowly. On the other hand, during market turmoil, JSL Construction is expected to outperform it slightly. At this point, JSL Construction Dev has a negative expected return of -1.14%. Please make sure to check out JSL Construction's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if JSL Construction Dev performance from the past will be repeated at future time.
Auto-correlation | 0.04 |
Virtually no predictability
JSL Construction Development has virtually no predictability. Overlapping area represents the amount of predictability between JSL Construction time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 JSL Construction Dev price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current JSL Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
JSL Construction Dev lagged returns against current returns
Autocorrelation, which is JSL Construction 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 JSL Construction's stock expected returns. We can calculate the autocorrelation of JSL Construction returns to help us make a trade decision. For example, suppose you find that JSL Construction 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 |
JSL Construction 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 JSL Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JSL Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JSL Construction stock over time.
Current vs Lagged Prices |
| Timeline |
JSL Construction Lagged Returns
When evaluating JSL Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JSL Construction stock have on its future price. JSL Construction 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, JSL Construction autocorrelation shows the relationship between JSL Construction stock current value and its past values and can show if there is a momentum factor associated with investing in JSL Construction Development.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for JSL Stock Analysis
When running JSL Construction's price analysis, check to measure JSL Construction'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 JSL Construction is operating at the current time. Most of JSL Construction's value examination focuses on studying past and present price action to predict the probability of JSL Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JSL Construction's price. Additionally, you may evaluate how the addition of JSL Construction to your portfolios can decrease your overall portfolio volatility.