Jamna Auto (India) Market Value
JAMNAAUTO | 105.54 2.41 2.34% |
Symbol | Jamna |
Jamna Auto '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 Jamna Auto'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 Jamna Auto.
10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Jamna Auto on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Jamna Auto Industries or generate 0.0% return on investment in Jamna Auto over 30 days. Jamna Auto is related to or competes with MAS Financial, OnMobile Global, Hindustan Media, Union Bank, Federal Bank, Max Financial, and HT Media. More
Jamna Auto 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 Jamna Auto'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 Jamna Auto Industries upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.22) | |||
Maximum Drawdown | 10.3 | |||
Value At Risk | (3.21) | |||
Potential Upside | 3.59 |
Jamna Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jamna Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jamna Auto's standard deviation. In reality, there are many statistical measures that can use Jamna Auto historical prices to predict the future Jamna Auto's volatility.Risk Adjusted Performance | (0.12) | |||
Jensen Alpha | (0.39) | |||
Total Risk Alpha | (0.71) | |||
Treynor Ratio | (2.38) |
Jamna Auto Industries Backtested Returns
Jamna Auto Industries holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Jamna Auto Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jamna Auto's Risk Adjusted Performance of (0.12), market risk adjusted performance of (2.37), and Standard Deviation of 2.24 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jamna Auto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jamna Auto is expected to be smaller as well. At this point, Jamna Auto Industries has a negative expected return of -0.36%. Please make sure to check out Jamna Auto's skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Jamna Auto Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Jamna Auto Industries has very good reverse predictability. Overlapping area represents the amount of predictability between Jamna Auto time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Jamna Auto Industries price movement. The serial correlation of -0.67 indicates that around 67.0% of current Jamna Auto price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.67 | |
Spearman Rank Test | -0.18 | |
Residual Average | 0.0 | |
Price Variance | 7.88 |
Jamna Auto Industries lagged returns against current returns
Autocorrelation, which is Jamna Auto 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 Jamna Auto's stock expected returns. We can calculate the autocorrelation of Jamna Auto returns to help us make a trade decision. For example, suppose you find that Jamna Auto 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 |
Jamna Auto 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 Jamna Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jamna Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jamna Auto stock over time.
Current vs Lagged Prices |
Timeline |
Jamna Auto Lagged Returns
When evaluating Jamna Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jamna Auto stock have on its future price. Jamna Auto 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, Jamna Auto autocorrelation shows the relationship between Jamna Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Jamna Auto Industries.
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 Jamna Stock Analysis
When running Jamna Auto's price analysis, check to measure Jamna Auto'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 Jamna Auto is operating at the current time. Most of Jamna Auto's value examination focuses on studying past and present price action to predict the probability of Jamna Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jamna Auto's price. Additionally, you may evaluate how the addition of Jamna Auto to your portfolios can decrease your overall portfolio volatility.