Central Japan Railway Stock Market Value
| CJPRY Stock | USD 10.25 0.08 0.79% |
| Symbol | Central |
Central Japan '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 Central Japan's pink sheet 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 Central Japan.
| 12/11/2022 |
| 11/30/2024 |
If you would invest 0.00 in Central Japan on December 11, 2022 and sell it all today you would earn a total of 0.00 from holding Central Japan Railway or generate 0.0% return on investment in Central Japan over 720 days. Central Japan is related to or competes with West Japan, LB Foster, East Japan, Canadian National, Greenbrier Companies, Trinity Industries, and Freightcar America. Central Japan Railway Company engages in the railway and related businesses in Japan More
Central Japan 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 Central Japan's pink sheet 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 Central Japan Railway upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 4.82 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 1.64 |
Central Japan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Japan's standard deviation. In reality, there are many statistical measures that can use Central Japan historical prices to predict the future Central Japan's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (193.18) |
Central Japan Railway Backtested Returns
Central Japan Railway secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Central Japan Railway exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Central Japan's Standard Deviation of 1.18, mean deviation of 0.9831, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.001, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Central Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Japan is expected to be smaller as well. At this point, Central Japan Railway has a negative expected return of -0.16%. Please make sure to confirm Central Japan's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Central Japan Railway performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Central Japan Railway has insignificant reverse predictability. Overlapping area represents the amount of predictability between Central Japan time series from 11th of December 2022 to 6th of December 2023 and 6th of December 2023 to 30th 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 Central Japan Railway price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Central Japan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Central Japan Railway lagged returns against current returns
Autocorrelation, which is Central Japan pink sheet'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 Central Japan's pink sheet expected returns. We can calculate the autocorrelation of Central Japan returns to help us make a trade decision. For example, suppose you find that Central Japan has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Central Japan 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 Central Japan pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Japan pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Japan pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Central Japan Lagged Returns
When evaluating Central Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Japan pink sheet have on its future price. Central Japan 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, Central Japan autocorrelation shows the relationship between Central Japan pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Central Japan Railway.
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 Central Pink Sheet Analysis
When running Central Japan's price analysis, check to measure Central Japan'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 Central Japan is operating at the current time. Most of Central Japan's value examination focuses on studying past and present price action to predict the probability of Central Japan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Japan's price. Additionally, you may evaluate how the addition of Central Japan to your portfolios can decrease your overall portfolio volatility.