Jade Gas (Australia) Market Value
| JGH Stock | 0.04 0 2.50% |
| Symbol | Jade |
Jade Gas '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 Jade Gas' 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 Jade Gas.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Jade Gas on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Jade Gas Holdings or generate 0.0% return on investment in Jade Gas over 30 days. Jade Gas is related to or competes with Westpac Banking, IShares Global, Ridley, Adriatic Metals, and Australian Agricultural. Jade Gas is entity of Australia. It is traded as Stock on AU exchange. More
Jade Gas 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 Jade Gas' 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 Jade Gas Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.46 | |||
| Information Ratio | 0.0077 | |||
| Maximum Drawdown | 24.79 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.26 |
Jade Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jade Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jade Gas' standard deviation. In reality, there are many statistical measures that can use Jade Gas historical prices to predict the future Jade Gas' volatility.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | 0.2275 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0058 | |||
| Treynor Ratio | (0.21) |
Jade Gas Holdings Backtested Returns
Currently, Jade Gas Holdings is out of control. Jade Gas Holdings holds Efficiency (Sharpe) Ratio of 0.0393, which attests that the entity had a 0.0393% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jade Gas Holdings, which you can use to evaluate the volatility of the firm. Please check out Jade Gas' Risk Adjusted Performance of 0.0377, downside deviation of 5.46, and Market Risk Adjusted Performance of (0.20) to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Jade Gas has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jade Gas are expected to decrease at a much lower rate. During the bear market, Jade Gas is likely to outperform the market. Jade Gas Holdings right now retains a risk of 4.12%. Please check out Jade Gas semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Jade Gas will be following its current trending patterns.
Auto-correlation | -0.07 |
Very weak reverse predictability
Jade Gas Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Jade Gas time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Jade Gas Holdings price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Jade Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jade Gas Holdings lagged returns against current returns
Autocorrelation, which is Jade Gas 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 Jade Gas' stock expected returns. We can calculate the autocorrelation of Jade Gas returns to help us make a trade decision. For example, suppose you find that Jade Gas 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 |
Jade Gas 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 Jade Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jade Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jade Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Jade Gas Lagged Returns
When evaluating Jade Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jade Gas stock have on its future price. Jade Gas 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, Jade Gas autocorrelation shows the relationship between Jade Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Jade Gas Holdings.
Regressed Prices |
| Timeline |
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Additional Tools for Jade Stock Analysis
When running Jade Gas' price analysis, check to measure Jade Gas' 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 Jade Gas is operating at the current time. Most of Jade Gas' value examination focuses on studying past and present price action to predict the probability of Jade Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jade Gas' price. Additionally, you may evaluate how the addition of Jade Gas to your portfolios can decrease your overall portfolio volatility.