Blue Jet (India) Market Value
| BLUEJET Stock | 723.20 38.05 5.00% |
| Symbol | Blue |
Blue Jet '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 Blue Jet'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 Blue Jet.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Blue Jet on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Blue Jet Healthcare or generate 0.0% return on investment in Blue Jet over 720 days. Blue Jet is related to or competes with Paramount Communications, Lakshmi Finance, Shyam Metalics, Ortel Communications, Tamilnadu Telecommunicatio, Sarthak Metals, and General Insuranceof. Blue Jet is entity of India. It is traded as Stock on NSE exchange. More
Blue Jet 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 Blue Jet'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 Blue Jet Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.1522 | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 7.78 |
Blue Jet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Jet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Jet's standard deviation. In reality, there are many statistical measures that can use Blue Jet historical prices to predict the future Blue Jet's volatility.| Risk Adjusted Performance | 0.1181 | |||
| Jensen Alpha | 0.4943 | |||
| Total Risk Alpha | 0.489 | |||
| Sortino Ratio | 0.2012 | |||
| Treynor Ratio | (2.10) |
Blue Jet Healthcare Backtested Returns
Blue Jet appears to be very steady, given 3 months investment horizon. Blue Jet Healthcare secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Blue Jet Healthcare, which you can use to evaluate the volatility of the firm. Please makes use of Blue Jet's Risk Adjusted Performance of 0.1181, downside deviation of 2.45, and Mean Deviation of 2.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Blue Jet holds a performance score of 11. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blue Jet are expected to decrease at a much lower rate. During the bear market, Blue Jet is likely to outperform the market. Please check Blue Jet's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Blue Jet's price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Blue Jet Healthcare has very good reverse predictability. Overlapping area represents the amount of predictability between Blue Jet time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Blue Jet Healthcare price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Blue Jet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 297.38 |
Blue Jet Healthcare lagged returns against current returns
Autocorrelation, which is Blue Jet 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 Blue Jet's stock expected returns. We can calculate the autocorrelation of Blue Jet returns to help us make a trade decision. For example, suppose you find that Blue Jet 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 |
Blue Jet 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 Blue Jet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Jet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Jet stock over time.
Current vs Lagged Prices |
| Timeline |
Blue Jet Lagged Returns
When evaluating Blue Jet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Jet stock have on its future price. Blue Jet 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, Blue Jet autocorrelation shows the relationship between Blue Jet stock current value and its past values and can show if there is a momentum factor associated with investing in Blue Jet Healthcare.
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.Additional Tools for Blue Stock Analysis
When running Blue Jet's price analysis, check to measure Blue Jet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Blue Jet is operating at the current time. Most of Blue Jet's value examination focuses on studying past and present price action to predict the probability of Blue Jet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Jet's price. Additionally, you may evaluate how the addition of Blue Jet to your portfolios can decrease your overall portfolio volatility.