Jaguar Mining Stock Market Value
| JAG Stock | CAD 2.27 0.04 1.73% |
| Symbol | Jaguar |
Jaguar Mining Price To Book Ratio
Jaguar Mining '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 Jaguar Mining'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 Jaguar Mining.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Jaguar Mining on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Jaguar Mining or generate 0.0% return on investment in Jaguar Mining over 720 days. Jaguar Mining is related to or competes with Q Gold, and Goldbank Mining. Jaguar Mining Inc., a junior gold mining company, engages in the acquisition, exploration, development, and operation of... More
Jaguar Mining 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 Jaguar Mining'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 Jaguar Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 32.4 | |||
| Value At Risk | (6.24) | |||
| Potential Upside | 5.0 |
Jaguar Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jaguar Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jaguar Mining's standard deviation. In reality, there are many statistical measures that can use Jaguar Mining historical prices to predict the future Jaguar Mining's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (1.27) | |||
| Total Risk Alpha | (1.39) | |||
| Treynor Ratio | (2.54) |
Jaguar Mining Backtested Returns
Jaguar Mining holds Efficiency (Sharpe) Ratio of -0.29, which attests that the entity had a -0.29% return per unit of risk over the last 3 months. Jaguar Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jaguar Mining's Market Risk Adjusted Performance of (2.53), standard deviation of 4.5, and Risk Adjusted Performance of (0.21) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jaguar Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jaguar Mining is expected to be smaller as well. At this point, Jaguar Mining has a negative expected return of -1.31%. Please make sure to check out Jaguar Mining's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Jaguar Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.89 |
Excellent reverse predictability
Jaguar Mining has excellent reverse predictability. Overlapping area represents the amount of predictability between Jaguar Mining time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Jaguar Mining price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Jaguar Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.41 |
Jaguar Mining lagged returns against current returns
Autocorrelation, which is Jaguar Mining 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 Jaguar Mining's stock expected returns. We can calculate the autocorrelation of Jaguar Mining returns to help us make a trade decision. For example, suppose you find that Jaguar Mining 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 |
Jaguar Mining 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 Jaguar Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jaguar Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jaguar Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Jaguar Mining Lagged Returns
When evaluating Jaguar Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jaguar Mining stock have on its future price. Jaguar Mining 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, Jaguar Mining autocorrelation shows the relationship between Jaguar Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Jaguar Mining.
Regressed Prices |
| Timeline |
Pair Trading with Jaguar Mining
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 Jaguar Mining 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 Jaguar Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Jaguar Stock
Moving against Jaguar Stock
| 0.91 | AMZN | Amazon CDR | PairCorr |
| 0.88 | WMT | Walmart Inc CDR | PairCorr |
| 0.87 | GOOG | Alphabet CDR | PairCorr |
| 0.71 | AAPL | Apple Inc CDR | PairCorr |
| 0.55 | ARX | ARC Resources | PairCorr |
The ability to find closely correlated positions to Jaguar Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jaguar Mining 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 Jaguar Mining - 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 Jaguar Mining to buy it.
The correlation of Jaguar Mining 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 Jaguar Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jaguar Mining 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 Jaguar Mining 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 Jaguar Stock
Jaguar Mining financial ratios help investors to determine whether Jaguar 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 Jaguar with respect to the benefits of owning Jaguar Mining security.