JB Chemicals (India) Market Value
| JBCHEPHARM | 1,743 33.40 1.95% |
| Symbol | JBCHEPHARM |
JB Chemicals '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 JB Chemicals' 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 JB Chemicals.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in JB Chemicals on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding JB Chemicals Pharmaceuticals or generate 0.0% return on investment in JB Chemicals over 90 days. JB Chemicals is related to or competes with Adroit Infotech, Sasken Technologies, AVALON TECHNOLOGIES, Mtar Technologies, State Trading, HDFC Asset, and Newgen Software. JB Chemicals is entity of India. It is traded as Stock on NSE exchange. More
JB Chemicals 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 JB Chemicals' 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 JB Chemicals Pharmaceuticals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.16 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 2.89 |
JB Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JB Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JB Chemicals' standard deviation. In reality, there are many statistical measures that can use JB Chemicals historical prices to predict the future JB Chemicals' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 1.5 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JB Chemicals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
JB Chemicals Pharmac Backtested Returns
JB Chemicals Pharmac retains Efficiency (Sharpe Ratio) of -0.0576, which attests that the company had a -0.0576% return per unit of price deviation over the last 3 months. JB Chemicals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JB Chemicals' Coefficient Of Variation of (1,287), information ratio of (0.15), and Market Risk Adjusted Performance of 1.51 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JB Chemicals are expected to decrease at a much lower rate. During the bear market, JB Chemicals is likely to outperform the market. At this point, JB Chemicals Pharmac has a negative expected return of -0.11%. Please make sure to check out JB Chemicals' potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if JB Chemicals Pharmac performance from the past will be repeated sooner or later.
Auto-correlation | 0.69 |
Good predictability
JB Chemicals Pharmaceuticals has good predictability. Overlapping area represents the amount of predictability between JB Chemicals time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 JB Chemicals Pharmac price movement. The serial correlation of 0.69 indicates that around 69.0% of current JB Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 6477.91 |
JB Chemicals Pharmac lagged returns against current returns
Autocorrelation, which is JB Chemicals 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 JB Chemicals' stock expected returns. We can calculate the autocorrelation of JB Chemicals returns to help us make a trade decision. For example, suppose you find that JB Chemicals 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 |
JB Chemicals 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 JB Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JB Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JB Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
JB Chemicals Lagged Returns
When evaluating JB Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JB Chemicals stock have on its future price. JB Chemicals 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, JB Chemicals autocorrelation shows the relationship between JB Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in JB Chemicals Pharmaceuticals.
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.Other Information on Investing in JBCHEPHARM Stock
JB Chemicals financial ratios help investors to determine whether JBCHEPHARM 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 JBCHEPHARM with respect to the benefits of owning JB Chemicals security.