Jash Engineering (India) Market Value
| JASH Stock | 597.95 5.75 0.95% |
| Symbol | Jash |
Jash Engineering '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 Jash Engineering'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 Jash Engineering.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Jash Engineering on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Jash Engineering Limited or generate 0.0% return on investment in Jash Engineering over 30 days. Jash Engineering is related to or competes with Prakash Steelage, Tree House, Sunflag Iron, Electrosteel Castings, Jindal Steel, SAL Steel, and Silver Touch. Jash Engineering is entity of India. It is traded as Stock on NSE exchange. More
Jash Engineering 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 Jash Engineering'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 Jash Engineering Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.1888 | |||
| Maximum Drawdown | 14.43 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 6.65 |
Jash Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jash Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jash Engineering's standard deviation. In reality, there are many statistical measures that can use Jash Engineering historical prices to predict the future Jash Engineering's volatility.| Risk Adjusted Performance | 0.1681 | |||
| Jensen Alpha | 0.6481 | |||
| Total Risk Alpha | 0.2888 | |||
| Sortino Ratio | 0.2499 | |||
| Treynor Ratio | 2.56 |
Jash Engineering Backtested Returns
Jash Engineering appears to be very steady, given 3 months investment horizon. Jash Engineering holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. By evaluating Jash Engineering's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize Jash Engineering's Downside Deviation of 2.33, risk adjusted performance of 0.1681, and Market Risk Adjusted Performance of 2.57 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jash Engineering holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jash Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jash Engineering is expected to be smaller as well. Please check Jash Engineering's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Jash Engineering's current trending patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Jash Engineering Limited has virtually no predictability. Overlapping area represents the amount of predictability between Jash Engineering time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 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 Jash Engineering price movement. The serial correlation of 0.03 indicates that only 3.0% of current Jash Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 208.83 |
Jash Engineering lagged returns against current returns
Autocorrelation, which is Jash Engineering 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 Jash Engineering's stock expected returns. We can calculate the autocorrelation of Jash Engineering returns to help us make a trade decision. For example, suppose you find that Jash Engineering 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 |
Jash Engineering 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 Jash Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jash Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jash Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Jash Engineering Lagged Returns
When evaluating Jash Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jash Engineering stock have on its future price. Jash Engineering 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, Jash Engineering autocorrelation shows the relationship between Jash Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Jash Engineering Limited.
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 Jash Stock Analysis
When running Jash Engineering's price analysis, check to measure Jash Engineering'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 Jash Engineering is operating at the current time. Most of Jash Engineering's value examination focuses on studying past and present price action to predict the probability of Jash Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jash Engineering's price. Additionally, you may evaluate how the addition of Jash Engineering to your portfolios can decrease your overall portfolio volatility.