China Jo Jo Drugstores Stock Market Value
| CJJD Stock | USD 2.01 0.01 0.50% |
| Symbol | China |
China Jo Jo Price To Book Ratio
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of China Jo. If investors know China will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about China Jo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.93) | Revenue Per Share 107.003 | Quarterly Revenue Growth (0) | Return On Assets (0.02) | Return On Equity (0.27) |
The market value of China Jo Jo is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Jo's value that differs from its market value or its book value, called intrinsic value, which is China Jo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because China Jo's market value can be influenced by many factors that don't directly affect China Jo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between China Jo's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Jo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Jo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
China Jo '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 China Jo'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 China Jo.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in China Jo on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding China Jo Jo Drugstores or generate 0.0% return on investment in China Jo over 30 days. China Jo is related to or competes with SunLink Health, Leafly Holdings, Walgreens Boots, High Tide, PetMed Express, and 111. China Jo-Jo Drugstores, Inc., together with its subsidiaries, operates as a retailer and distributor of pharmaceutical a... More
China Jo 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 China Jo'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 China Jo Jo Drugstores upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.15 | |||
| Information Ratio | 0.05 | |||
| Maximum Drawdown | 38.42 | |||
| Value At Risk | (8.87) | |||
| Potential Upside | 10.96 |
China Jo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Jo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Jo's standard deviation. In reality, there are many statistical measures that can use China Jo historical prices to predict the future China Jo's volatility.| Risk Adjusted Performance | 0.0611 | |||
| Jensen Alpha | 0.543 | |||
| Total Risk Alpha | (0.66) | |||
| Sortino Ratio | 0.0591 | |||
| Treynor Ratio | (0.99) |
China Jo Jo Backtested Returns
China Jo appears to be extremely dangerous, given 3 months investment horizon. China Jo Jo secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing China Jo's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of China Jo's Downside Deviation of 6.15, risk adjusted performance of 0.0611, and Mean Deviation of 5.19 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Jo holds a performance score of 9. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Jo are expected to decrease at a much lower rate. During the bear market, China Jo is likely to outperform the market. Please check China Jo's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether China Jo's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
China Jo Jo Drugstores has good predictability. Overlapping area represents the amount of predictability between China Jo time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 China Jo Jo price movement. The serial correlation of 0.67 indicates that around 67.0% of current China Jo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
China Jo Jo lagged returns against current returns
Autocorrelation, which is China Jo 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 China Jo's stock expected returns. We can calculate the autocorrelation of China Jo returns to help us make a trade decision. For example, suppose you find that China Jo 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 |
China Jo 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 China Jo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Jo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Jo stock over time.
Current vs Lagged Prices |
| Timeline |
China Jo Lagged Returns
When evaluating China Jo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Jo stock have on its future price. China Jo 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, China Jo autocorrelation shows the relationship between China Jo stock current value and its past values and can show if there is a momentum factor associated with investing in China Jo Jo Drugstores.
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 China Jo Jo is a strong investment it is important to analyze China Jo's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact China Jo's future performance. For an informed investment choice regarding China Stock, refer to the following important reports:Check out China Jo Correlation, China Jo Volatility and China Jo Alpha and Beta module to complement your research on China Jo. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
China Jo technical stock 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, stock market cycles, or different charting patterns.