Jubilee Platinum (South Africa) Market Value
| JBL Stock | 105.00 2.00 1.94% |
| Symbol | Jubilee |
Jubilee Platinum '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 Jubilee Platinum'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 Jubilee Platinum.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Jubilee Platinum on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Jubilee Platinum or generate 0.0% return on investment in Jubilee Platinum over 30 days. Jubilee Platinum is related to or competes with African Rainbow, Europa Metals, and Growthpoint Properties. More
Jubilee Platinum 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 Jubilee Platinum'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 Jubilee Platinum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.01 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.76 |
Jubilee Platinum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jubilee Platinum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jubilee Platinum's standard deviation. In reality, there are many statistical measures that can use Jubilee Platinum historical prices to predict the future Jubilee Platinum's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.49) |
Jubilee Platinum Backtested Returns
Jubilee Platinum holds Efficiency (Sharpe) Ratio of -0.067, which attests that the entity had a -0.067% return per unit of risk over the last 3 months. Jubilee Platinum exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jubilee Platinum's Standard Deviation of 2.57, market risk adjusted performance of (0.48), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jubilee Platinum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jubilee Platinum is expected to be smaller as well. At this point, Jubilee Platinum has a negative expected return of -0.17%. Please make sure to check out Jubilee Platinum's treynor ratio, skewness, and the relationship between the jensen alpha and value at risk , to decide if Jubilee Platinum performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Jubilee Platinum has very good predictability. Overlapping area represents the amount of predictability between Jubilee Platinum time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Jubilee Platinum price movement. The serial correlation of 0.81 indicates that around 81.0% of current Jubilee Platinum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 3.65 |
Jubilee Platinum lagged returns against current returns
Autocorrelation, which is Jubilee Platinum 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 Jubilee Platinum's stock expected returns. We can calculate the autocorrelation of Jubilee Platinum returns to help us make a trade decision. For example, suppose you find that Jubilee Platinum 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 |
Jubilee Platinum 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 Jubilee Platinum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jubilee Platinum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jubilee Platinum stock over time.
Current vs Lagged Prices |
| Timeline |
Jubilee Platinum Lagged Returns
When evaluating Jubilee Platinum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jubilee Platinum stock have on its future price. Jubilee Platinum 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, Jubilee Platinum autocorrelation shows the relationship between Jubilee Platinum stock current value and its past values and can show if there is a momentum factor associated with investing in Jubilee Platinum.
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 Jubilee Stock
Jubilee Platinum financial ratios help investors to determine whether Jubilee 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 Jubilee with respect to the benefits of owning Jubilee Platinum security.