JUST Market Value
| JST Crypto | USD 0.04 0 3.69% |
| Symbol | JUST |
JUST '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 JUST's crypto coin 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 JUST.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in JUST on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding JUST or generate 0.0% return on investment in JUST over 90 days. JUST is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. JUST is peer-to-peer digital currency powered by the Blockchain technology.
JUST 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 JUST's crypto coin 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 JUST upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | 0.0807 | |||
| Maximum Drawdown | 21.36 | |||
| Value At Risk | (4.90) | |||
| Potential Upside | 5.64 |
JUST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JUST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JUST's standard deviation. In reality, there are many statistical measures that can use JUST historical prices to predict the future JUST's volatility.| Risk Adjusted Performance | 0.1012 | |||
| Jensen Alpha | 0.4136 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1011 | |||
| Treynor Ratio | (2.71) |
JUST Backtested Returns
JUST appears to be very volatile, given 3 months investment horizon. JUST holds Efficiency (Sharpe) Ratio of 0.16, which attests that digital coin had a 0.16% return per unit of volatility over the last 3 months. By examining JUST's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize JUST's market risk adjusted performance of (2.70), and Risk Adjusted Performance of 0.1012 to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JUST are expected to decrease at a much lower rate. During the bear market, JUST is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
JUST has good predictability. Overlapping area represents the amount of predictability between JUST time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th 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 JUST price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current JUST price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JUST lagged returns against current returns
Autocorrelation, which is JUST crypto coin'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 JUST's crypto coin expected returns. We can calculate the autocorrelation of JUST returns to help us make a trade decision. For example, suppose you find that JUST has exhibited high autocorrelation historically, and you observe that the crypto coin 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 |
JUST 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 JUST crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JUST crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JUST crypto coin over time.
Current vs Lagged Prices |
| Timeline |
JUST Lagged Returns
When evaluating JUST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JUST crypto coin have on its future price. JUST 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, JUST autocorrelation shows the relationship between JUST crypto coin current value and its past values and can show if there is a momentum factor associated with investing in JUST.
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.When determining whether JUST offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of JUST's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Just Crypto.Check out JUST Correlation, JUST Volatility and Investing Opportunities module to complement your research on JUST. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
JUST technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.