JBS ON (Brazil) Market Value
| JBSS3F Stock | BRL 37.87 0.64 1.66% |
| Symbol | JBS |
JBS ON '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 JBS ON'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 JBS ON.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in JBS ON on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding JBS ON NM or generate 0.0% return on investment in JBS ON over 30 days. JBS ON is related to or competes with T Mobile, Nordon Indstrias, Mitsubishi UFJ, CM Hospitalar, Spotify Technology, Cognizant Technology, and Ameriprise Financial. More
JBS ON 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 JBS ON'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 JBS ON NM upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.0543 | |||
| Maximum Drawdown | 7.61 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.84 |
JBS ON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JBS ON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JBS ON's standard deviation. In reality, there are many statistical measures that can use JBS ON historical prices to predict the future JBS ON's volatility.| Risk Adjusted Performance | 0.0909 | |||
| Jensen Alpha | 0.1576 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0519 | |||
| Treynor Ratio | 0.4927 |
JBS ON NM Backtested Returns
JBS ON appears to be very steady, given 3 months investment horizon. JBS ON NM holds Efficiency (Sharpe) Ratio of 0.13, which attests that the company had a 0.13% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for JBS ON NM, which you can use to evaluate the volatility of the entity. Please utilize JBS ON's semi deviation of 1.71, and Market Risk Adjusted Performance of 0.5027 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JBS ON holds a performance score of 10. The firm retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JBS ON's returns are expected to increase less than the market. However, during the bear market, the loss of holding JBS ON is expected to be smaller as well. Please check JBS ON's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether JBS ON's current trending patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
JBS ON NM has modest reverse predictability. Overlapping area represents the amount of predictability between JBS ON time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 JBS ON NM price movement. The serial correlation of -0.44 indicates that just about 44.0% of current JBS ON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.16 |
JBS ON NM lagged returns against current returns
Autocorrelation, which is JBS ON 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 JBS ON's stock expected returns. We can calculate the autocorrelation of JBS ON returns to help us make a trade decision. For example, suppose you find that JBS ON 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 |
JBS ON 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 JBS ON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JBS ON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JBS ON stock over time.
Current vs Lagged Prices |
| Timeline |
JBS ON Lagged Returns
When evaluating JBS ON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JBS ON stock have on its future price. JBS ON 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, JBS ON autocorrelation shows the relationship between JBS ON stock current value and its past values and can show if there is a momentum factor associated with investing in JBS ON NM.
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 JBS Stock
JBS ON financial ratios help investors to determine whether JBS 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 JBS with respect to the benefits of owning JBS ON security.