JOYY INCSPADR/20 (Germany) Market Value
| 0YYA Stock | EUR 34.20 0.60 1.79% |
| Symbol | JOYY |
JOYY INCSPADR/20 '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 JOYY INCSPADR/20'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 JOYY INCSPADR/20.
| 05/05/2023 |
| 11/25/2024 |
If you would invest 0.00 in JOYY INCSPADR/20 on May 5, 2023 and sell it all today you would earn a total of 0.00 from holding JOYY INCSPADR20 CLA or generate 0.0% return on investment in JOYY INCSPADR/20 over 570 days. JOYY INCSPADR/20 is related to or competes with Meta Platforms, and Tencent Holdings. JOYY Inc., through its subsidiaries, operates social media platforms that offer users engaging and experience across var... More
JOYY INCSPADR/20 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 JOYY INCSPADR/20'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 JOYY INCSPADR20 CLA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0286 | |||
| Maximum Drawdown | 9.29 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 3.33 |
JOYY INCSPADR/20 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JOYY INCSPADR/20's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JOYY INCSPADR/20's standard deviation. In reality, there are many statistical measures that can use JOYY INCSPADR/20 historical prices to predict the future JOYY INCSPADR/20's volatility.| Risk Adjusted Performance | 0.0779 | |||
| Jensen Alpha | 0.1437 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0293 | |||
| Treynor Ratio | 0.6197 |
JOYY INCSPADR20 CLA Backtested Returns
JOYY INCSPADR/20 appears to be very steady, given 3 months investment horizon. JOYY INCSPADR20 CLA holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for JOYY INCSPADR20 CLA, which you can use to evaluate the volatility of the firm. Please utilize JOYY INCSPADR/20's market risk adjusted performance of 0.6297, and Risk Adjusted Performance of 0.0779 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JOYY INCSPADR/20 holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JOYY INCSPADR/20's returns are expected to increase less than the market. However, during the bear market, the loss of holding JOYY INCSPADR/20 is expected to be smaller as well. Please check JOYY INCSPADR/20's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether JOYY INCSPADR/20's current trending patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
JOYY INCSPADR20 CLA has poor predictability. Overlapping area represents the amount of predictability between JOYY INCSPADR/20 time series from 5th of May 2023 to 14th of February 2024 and 14th of February 2024 to 25th 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 JOYY INCSPADR20 CLA price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current JOYY INCSPADR/20 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.24 |
JOYY INCSPADR20 CLA lagged returns against current returns
Autocorrelation, which is JOYY INCSPADR/20 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 JOYY INCSPADR/20's stock expected returns. We can calculate the autocorrelation of JOYY INCSPADR/20 returns to help us make a trade decision. For example, suppose you find that JOYY INCSPADR/20 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 |
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JOYY INCSPADR/20 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 JOYY INCSPADR/20 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JOYY INCSPADR/20 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JOYY INCSPADR/20 stock over time.
Current vs Lagged Prices |
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JOYY INCSPADR/20 Lagged Returns
When evaluating JOYY INCSPADR/20's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JOYY INCSPADR/20 stock have on its future price. JOYY INCSPADR/20 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, JOYY INCSPADR/20 autocorrelation shows the relationship between JOYY INCSPADR/20 stock current value and its past values and can show if there is a momentum factor associated with investing in JOYY INCSPADR20 CLA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in JOYY Stock
JOYY INCSPADR/20 financial ratios help investors to determine whether JOYY 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 JOYY with respect to the benefits of owning JOYY INCSPADR/20 security.