Jat Holdings (Sri Lanka) Market Value
| JATN0000 | 22.40 0.50 2.18% |
| Symbol | Jat |
Please note, there is a significant difference between Jat Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Jat Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jat Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Jat Holdings '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 Jat Holdings' 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 Jat Holdings.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Jat Holdings on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Jat Holdings PLC or generate 0.0% return on investment in Jat Holdings over 360 days. More
Jat Holdings 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 Jat Holdings' 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 Jat Holdings PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.2042 | |||
| Maximum Drawdown | 8.09 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 4.47 |
Jat Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jat Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jat Holdings' standard deviation. In reality, there are many statistical measures that can use Jat Holdings historical prices to predict the future Jat Holdings' volatility.| Risk Adjusted Performance | 0.1961 | |||
| Jensen Alpha | 0.5231 | |||
| Total Risk Alpha | 0.2125 | |||
| Sortino Ratio | 0.2912 | |||
| Treynor Ratio | 2.17 |
Jat Holdings PLC Backtested Returns
Jat Holdings appears to be very steady, given 3 months investment horizon. Jat Holdings PLC holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. By evaluating Jat Holdings' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Jat Holdings' Market Risk Adjusted Performance of 2.18, risk adjusted performance of 0.1961, and Downside Deviation of 1.5 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jat Holdings holds a performance score of 21. The company retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jat Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Jat Holdings is expected to be smaller as well. Please check Jat Holdings' sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Jat Holdings' current trending patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Jat Holdings PLC has weak predictability. Overlapping area represents the amount of predictability between Jat Holdings time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Jat Holdings PLC price movement. The serial correlation of 0.2 indicates that over 20.0% of current Jat Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
Jat Holdings PLC lagged returns against current returns
Autocorrelation, which is Jat Holdings 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 Jat Holdings' stock expected returns. We can calculate the autocorrelation of Jat Holdings returns to help us make a trade decision. For example, suppose you find that Jat Holdings 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 |
Jat Holdings 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 Jat Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jat Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jat Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Jat Holdings Lagged Returns
When evaluating Jat Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jat Holdings stock have on its future price. Jat Holdings 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, Jat Holdings autocorrelation shows the relationship between Jat Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Jat Holdings PLC.
Regressed Prices |
| Timeline |
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Jat Holdings financial ratios help investors to determine whether Jat 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 Jat with respect to the benefits of owning Jat Holdings security.