Japan Exchange Group Stock Market Value
| JPXGY Stock | USD 11.45 0.14 1.21% |
| Symbol | Japan |
Japan Exchange '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 Japan Exchange's pink sheet 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 Japan Exchange.
| 12/25/2023 |
| 12/19/2024 |
If you would invest 0.00 in Japan Exchange on December 25, 2023 and sell it all today you would earn a total of 0.00 from holding Japan Exchange Group or generate 0.0% return on investment in Japan Exchange over 360 days. Japan Exchange is related to or competes with Moodys, MSCI, Intercontinental, CME, and Nasdaq. Japan Exchange Group, Inc. provides and operates markets for exchange-traded financial instruments in Japan More
Japan Exchange 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 Japan Exchange's pink sheet 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 Japan Exchange Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 3.18 |
Japan Exchange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Japan Exchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Japan Exchange's standard deviation. In reality, there are many statistical measures that can use Japan Exchange historical prices to predict the future Japan Exchange's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.08) |
Japan Exchange Group Backtested Returns
Japan Exchange Group holds Efficiency (Sharpe) Ratio of -0.0495, which attests that the entity had a -0.0495% return per unit of risk over the last 3 months. Japan Exchange Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Japan Exchange's Market Risk Adjusted Performance of (0.07), standard deviation of 1.97, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Japan Exchange's returns are expected to increase less than the market. However, during the bear market, the loss of holding Japan Exchange is expected to be smaller as well. At this point, Japan Exchange Group has a negative expected return of -0.0963%. Please make sure to check out Japan Exchange's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Japan Exchange Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Japan Exchange Group has weak predictability. Overlapping area represents the amount of predictability between Japan Exchange time series from 25th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 19th 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 Japan Exchange Group price movement. The serial correlation of 0.21 indicates that over 21.0% of current Japan Exchange price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Japan Exchange Group lagged returns against current returns
Autocorrelation, which is Japan Exchange pink sheet'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 Japan Exchange's pink sheet expected returns. We can calculate the autocorrelation of Japan Exchange returns to help us make a trade decision. For example, suppose you find that Japan Exchange has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Japan Exchange 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 Japan Exchange pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Japan Exchange pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Japan Exchange pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Japan Exchange Lagged Returns
When evaluating Japan Exchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Japan Exchange pink sheet have on its future price. Japan Exchange 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, Japan Exchange autocorrelation shows the relationship between Japan Exchange pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Japan Exchange Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Japan Pink Sheet Analysis
When running Japan Exchange's price analysis, check to measure Japan Exchange's 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 Japan Exchange is operating at the current time. Most of Japan Exchange's value examination focuses on studying past and present price action to predict the probability of Japan Exchange's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Japan Exchange's price. Additionally, you may evaluate how the addition of Japan Exchange to your portfolios can decrease your overall portfolio volatility.