Ijj Corporation Stock Market Value
| IJJP Stock | USD 0.0005 0.0001 25.00% |
| Symbol | Ijj |
Ijj '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 Ijj's pink sheet 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 Ijj.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ijj on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ijj Corporation or generate 0.0% return on investment in Ijj over 30 days. Ijj is related to or competes with SMX Public, Team, Lichen China, System1, Cintas, ABM Industries, and Copart. IJJ Corporation provides business partnership development network service More
Ijj 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 Ijj's pink sheet 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 Ijj Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.56 | |||
| Information Ratio | 0.0176 | |||
| Maximum Drawdown | 120.0 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 25.0 |
Ijj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ijj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ijj's standard deviation. In reality, there are many statistical measures that can use Ijj historical prices to predict the future Ijj's volatility.| Risk Adjusted Performance | 0.0283 | |||
| Jensen Alpha | 0.4704 | |||
| Total Risk Alpha | (2.44) | |||
| Sortino Ratio | 0.0123 | |||
| Treynor Ratio | (2.04) |
Ijj Corporation Backtested Returns
Ijj is out of control given 3 months investment horizon. Ijj Corporation holds Efficiency (Sharpe) Ratio of 0.0913, which attests that the entity had a 0.0913% return per unit of risk over the last 3 months. We are able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.64% are justified by taking the suggested risk. Use Ijj Corporation Downside Deviation of 26.56, risk adjusted performance of 0.0283, and Market Risk Adjusted Performance of (2.03) to evaluate company specific risk that cannot be diversified away. Ijj holds a performance score of 7 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ijj are expected to decrease at a much lower rate. During the bear market, Ijj is likely to outperform the market. Use Ijj Corporation sortino ratio and the relationship between the downside variance and price action indicator , to analyze future returns on Ijj Corporation.
Auto-correlation | -0.26 |
Weak reverse predictability
Ijj Corporation has weak reverse predictability. Overlapping area represents the amount of predictability between Ijj 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 Ijj Corporation price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Ijj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ijj Corporation lagged returns against current returns
Autocorrelation, which is Ijj pink sheet'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 Ijj's pink sheet expected returns. We can calculate the autocorrelation of Ijj returns to help us make a trade decision. For example, suppose you find that Ijj has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Ijj 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 Ijj pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ijj pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ijj pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ijj Lagged Returns
When evaluating Ijj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ijj pink sheet have on its future price. Ijj 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, Ijj autocorrelation shows the relationship between Ijj pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ijj Corporation.
Regressed Prices |
| Timeline |
Pair Trading with Ijj
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ijj position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ijj will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ijj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ijj when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ijj - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ijj Corporation to buy it.
The correlation of Ijj is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ijj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ijj Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ijj can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ijj Pink Sheet Analysis
When running Ijj's price analysis, check to measure Ijj'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 Ijj is operating at the current time. Most of Ijj's value examination focuses on studying past and present price action to predict the probability of Ijj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ijj's price. Additionally, you may evaluate how the addition of Ijj to your portfolios can decrease your overall portfolio volatility.