JSE's market value is the price at which a share of JSE trades on a public exchange. It measures the collective expectations of JSE Limited investors about its performance. JSE is trading at 11942.00 as of the 3rd of December 2024, a 1.03 percent increase since the beginning of the trading day. The stock's lowest day price was 11866.0. With this module, you can estimate the performance of a buy and hold strategy of JSE Limited and determine expected loss or profit from investing in JSE over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Symbol
JSE
JSE '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 JSE'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 JSE.
0.00
12/09/2023
No Change 0.00
0.0
In 11 months and 26 days
12/03/2024
0.00
If you would invest 0.00 in JSE on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding JSE Limited or generate 0.0% return on investment in JSE over 360 days.
JSE 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 JSE'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 JSE Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for JSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JSE's standard deviation. In reality, there are many statistical measures that can use JSE historical prices to predict the future JSE's volatility.
At this point, JSE is very steady. JSE Limited holds Efficiency (Sharpe) Ratio of 0.0697, which attests that the entity had a 0.0697% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for JSE Limited, which you can use to evaluate the volatility of the firm. Please check out JSE's Market Risk Adjusted Performance of (0.20), semi deviation of 1.18, and Risk Adjusted Performance of 0.0276 to validate if the risk estimate we provide is consistent with the expected return of 0.085%. JSE has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JSE are expected to decrease at a much lower rate. During the bear market, JSE is likely to outperform the market. JSE Limited currently retains a risk of 1.22%. Please check out JSE total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if JSE will be following its current trending patterns.
Auto-correlation
-0.15
Insignificant reverse predictability
JSE Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between JSE time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 JSE Limited price movement. The serial correlation of -0.15 indicates that less than 15.0% of current JSE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.15
Spearman Rank Test
0.03
Residual Average
0.0
Price Variance
932.1 K
JSE Limited lagged returns against current returns
Autocorrelation, which is JSE 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 JSE's stock expected returns. We can calculate the autocorrelation of JSE returns to help us make a trade decision. For example, suppose you find that JSE 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
JSE 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 JSE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JSE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JSE stock over time.
Current vs Lagged Prices
Timeline
JSE Lagged Returns
When evaluating JSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JSE stock have on its future price. JSE 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, JSE autocorrelation shows the relationship between JSE stock current value and its past values and can show if there is a momentum factor associated with investing in JSE Limited.
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.