JD HEALTH (Germany) Market Value
| 8ZN Stock | 3.34 0.12 3.73% |
| Symbol | 8ZN |
JD HEALTH '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 JD HEALTH'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 JD HEALTH.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in JD HEALTH on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding JD HEALTH INTL or generate 0.0% return on investment in JD HEALTH over 720 days. JD HEALTH is related to or competes with Fresenius Medical, HYGEIA HC, and UNIPHAR PLC. More
JD HEALTH 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 JD HEALTH'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 JD HEALTH INTL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.95 | |||
| Information Ratio | 0.0879 | |||
| Maximum Drawdown | 28.61 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 7.04 |
JD HEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JD HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JD HEALTH's standard deviation. In reality, there are many statistical measures that can use JD HEALTH historical prices to predict the future JD HEALTH's volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.5341 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0968 | |||
| Treynor Ratio | (1.56) |
JD HEALTH INTL Backtested Returns
JD HEALTH appears to be very risky, given 3 months investment horizon. JD HEALTH INTL retains Efficiency (Sharpe Ratio) of 0.0918, which attests that the entity had a 0.0918% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for JD HEALTH, which you can use to evaluate the volatility of the firm. Please utilize JD HEALTH's Market Risk Adjusted Performance of (1.55), semi deviation of 3.75, and Standard Deviation of 4.34 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JD HEALTH holds a performance score of 7. The company owns a Beta (Systematic Risk) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning JD HEALTH are expected to decrease at a much lower rate. During the bear market, JD HEALTH is likely to outperform the market. Please check JD HEALTH's jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether JD HEALTH's current price history will revert.
Auto-correlation | 0.48 |
Average predictability
JD HEALTH INTL has average predictability. Overlapping area represents the amount of predictability between JD HEALTH time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 JD HEALTH INTL price movement. The serial correlation of 0.48 indicates that about 48.0% of current JD HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
JD HEALTH INTL lagged returns against current returns
Autocorrelation, which is JD HEALTH 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 JD HEALTH's stock expected returns. We can calculate the autocorrelation of JD HEALTH returns to help us make a trade decision. For example, suppose you find that JD HEALTH 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 |
JD HEALTH 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 JD HEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JD HEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JD HEALTH stock over time.
Current vs Lagged Prices |
| Timeline |
JD HEALTH Lagged Returns
When evaluating JD HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JD HEALTH stock have on its future price. JD HEALTH 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, JD HEALTH autocorrelation shows the relationship between JD HEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in JD HEALTH INTL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 8ZN Stock
JD HEALTH financial ratios help investors to determine whether 8ZN 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 8ZN with respect to the benefits of owning JD HEALTH security.