JTL Industries (India) Market Value
| JTLIND Stock | 101.73 1.79 1.79% |
| Symbol | JTL |
JTL Industries '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 JTL Industries' 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 JTL Industries.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in JTL Industries on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding JTL Industries or generate 0.0% return on investment in JTL Industries over 180 days. JTL Industries is related to or competes with United Drilling, Industrial Investment, Nahar Industrial, Manaksia Coated, Shyam Metalics, Salzer Electronics, and Alkali Metals. JTL Industries is entity of India. It is traded as Stock on NSE exchange. More
JTL Industries 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 JTL Industries' 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 JTL Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 60.24 | |||
| Value At Risk | (4.83) | |||
| Potential Upside | 3.62 |
JTL Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JTL Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JTL Industries' standard deviation. In reality, there are many statistical measures that can use JTL Industries historical prices to predict the future JTL Industries' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.93) | |||
| Total Risk Alpha | (2.08) | |||
| Treynor Ratio | (121.68) |
JTL Industries Backtested Returns
JTL Industries holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of volatility over the last 3 months. JTL Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JTL Industries' risk adjusted performance of (0.09), and Market Risk Adjusted Performance of (121.67) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0076, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JTL Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding JTL Industries is expected to be smaller as well. At this point, JTL Industries has a negative expected return of -0.94%. Please make sure to check out JTL Industries' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if JTL Industries performance from the past will be repeated at future time.
Auto-correlation | -0.32 |
Poor reverse predictability
JTL Industries has poor reverse predictability. Overlapping area represents the amount of predictability between JTL Industries time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 JTL Industries price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current JTL Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2754.62 |
JTL Industries lagged returns against current returns
Autocorrelation, which is JTL Industries 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 JTL Industries' stock expected returns. We can calculate the autocorrelation of JTL Industries returns to help us make a trade decision. For example, suppose you find that JTL Industries 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 |
JTL Industries 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 JTL Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JTL Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JTL Industries stock over time.
Current vs Lagged Prices |
| Timeline |
JTL Industries Lagged Returns
When evaluating JTL Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JTL Industries stock have on its future price. JTL Industries 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, JTL Industries autocorrelation shows the relationship between JTL Industries stock current value and its past values and can show if there is a momentum factor associated with investing in JTL Industries.
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.Other Information on Investing in JTL Stock
JTL Industries financial ratios help investors to determine whether JTL 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 JTL with respect to the benefits of owning JTL Industries security.