JAKS Resources (Malaysia) Market Value
| 4723 Stock | 0.14 0.01 7.69% |
| Symbol | JAKS |
JAKS Resources '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 JAKS Resources' 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 JAKS Resources.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in JAKS Resources on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding JAKS Resources Bhd or generate 0.0% return on investment in JAKS Resources over 30 days. JAKS Resources is related to or competes with Eonmetall Group, Sports Toto, Systech Bhd, Sapura Industrial, Greatech Technology, Resintech Bhd, and Uchi Technologies. More
JAKS Resources 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 JAKS Resources' 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 JAKS Resources Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
JAKS Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JAKS Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JAKS Resources' standard deviation. In reality, there are many statistical measures that can use JAKS Resources historical prices to predict the future JAKS Resources' volatility.| Risk Adjusted Performance | 0.0065 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.061 |
JAKS Resources Bhd Backtested Returns
As of now, JAKS Stock is out of control. JAKS Resources Bhd holds Efficiency (Sharpe) Ratio of 0.0215, which attests that the company had a 0.0215% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for JAKS Resources Bhd, which you can use to evaluate the volatility of the entity. Please check out JAKS Resources' coefficient of variation of (46,601), and Standard Deviation of 4.4 to validate if the risk estimate we provide is consistent with the expected return of 0.0944%. JAKS Resources has a performance score of 1 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning JAKS Resources are expected to decrease at a much lower rate. During the bear market, JAKS Resources is likely to outperform the market. JAKS Resources Bhd at this time retains a risk of 4.39%. Please check out JAKS Resources variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if JAKS Resources will be following its current trending patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
JAKS Resources Bhd has very weak reverse predictability. Overlapping area represents the amount of predictability between JAKS Resources time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 JAKS Resources Bhd price movement. The serial correlation of -0.1 indicates that less than 10.0% of current JAKS Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JAKS Resources Bhd lagged returns against current returns
Autocorrelation, which is JAKS Resources 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 JAKS Resources' stock expected returns. We can calculate the autocorrelation of JAKS Resources returns to help us make a trade decision. For example, suppose you find that JAKS Resources 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 |
JAKS Resources 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 JAKS Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JAKS Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JAKS Resources stock over time.
Current vs Lagged Prices |
| Timeline |
JAKS Resources Lagged Returns
When evaluating JAKS Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JAKS Resources stock have on its future price. JAKS Resources 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, JAKS Resources autocorrelation shows the relationship between JAKS Resources stock current value and its past values and can show if there is a momentum factor associated with investing in JAKS Resources Bhd.
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.Other Information on Investing in JAKS Stock
JAKS Resources financial ratios help investors to determine whether JAKS 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 JAKS with respect to the benefits of owning JAKS Resources security.