Central Japan (Germany) Market Value
| JAP Stock | EUR 19.23 0.07 0.37% |
| Symbol | Central |
Central Japan '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 Central Japan'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 Central Japan.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Central Japan on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Central Japan Railway or generate 0.0% return on investment in Central Japan over 720 days. Central Japan is related to or competes with OFFICE DEPOT, SK TELECOM, 24SEVENOFFICE GROUP, Bank of America, Infrastrutture Wireless, Citic Telecom, and Corporate Office. Central Japan Railway Company engages in the railway and related businesses in Japan More
Central Japan 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 Central Japan'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 Central Japan Railway upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 1.97 |
Central Japan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Japan's standard deviation. In reality, there are many statistical measures that can use Central Japan historical prices to predict the future Central Japan's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.28) |
Central Japan Railway Backtested Returns
Central Japan Railway secures Sharpe Ratio (or Efficiency) of -0.0745, which signifies that the company had a -0.0745% return per unit of risk over the last 3 months. Central Japan Railway exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Central Japan's Standard Deviation of 1.3, risk adjusted performance of (0.05), and Mean Deviation of 0.9898 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Central Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Japan is expected to be smaller as well. At this point, Central Japan Railway has a negative expected return of -0.0968%. Please make sure to confirm Central Japan's kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to decide if Central Japan Railway performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Central Japan Railway has good reverse predictability. Overlapping area represents the amount of predictability between Central Japan time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Central Japan Railway price movement. The serial correlation of -0.55 indicates that about 55.0% of current Central Japan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 2.28 |
Central Japan Railway lagged returns against current returns
Autocorrelation, which is Central Japan 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 Central Japan's stock expected returns. We can calculate the autocorrelation of Central Japan returns to help us make a trade decision. For example, suppose you find that Central Japan 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 |
Central Japan 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 Central Japan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Japan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Japan stock over time.
Current vs Lagged Prices |
| Timeline |
Central Japan Lagged Returns
When evaluating Central Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Japan stock have on its future price. Central Japan 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, Central Japan autocorrelation shows the relationship between Central Japan stock current value and its past values and can show if there is a momentum factor associated with investing in Central Japan Railway.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Central Stock
Central Japan financial ratios help investors to determine whether Central 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 Central with respect to the benefits of owning Central Japan security.