JetBlue Airways (Mexico) Market Value
| JBLU Stock | MXN 116.88 29.12 19.95% |
| Symbol | JetBlue |
JetBlue Airways '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 JetBlue Airways' 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 JetBlue Airways.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in JetBlue Airways on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding JetBlue Airways or generate 0.0% return on investment in JetBlue Airways over 30 days. JetBlue Airways is related to or competes with Capital One, CVS Health, Ameriprise Financial, Grupo Carso, Verizon Communications, UnitedHealth Group, and Cognizant Technology. JetBlue Airways Corporation, a passenger carrier company, provides air transportation services More
JetBlue Airways 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 JetBlue Airways' 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 JetBlue Airways upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.92 | |||
| Information Ratio | 0.0821 | |||
| Maximum Drawdown | 32.41 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 8.93 |
JetBlue Airways Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JetBlue Airways' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JetBlue Airways' standard deviation. In reality, there are many statistical measures that can use JetBlue Airways historical prices to predict the future JetBlue Airways' volatility.| Risk Adjusted Performance | 0.0914 | |||
| Jensen Alpha | 0.6174 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0415 | |||
| Treynor Ratio | (0.76) |
JetBlue Airways Backtested Returns
JetBlue Airways appears to be very steady, given 3 months investment horizon. JetBlue Airways holds Efficiency (Sharpe) Ratio of 0.0832, which attests that the entity had a 0.0832% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for JetBlue Airways, which you can use to evaluate the volatility of the firm. Please utilize JetBlue Airways' Risk Adjusted Performance of 0.0914, market risk adjusted performance of (0.75), and Downside Deviation of 9.92 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JetBlue Airways holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning JetBlue Airways are expected to decrease at a much lower rate. During the bear market, JetBlue Airways is likely to outperform the market. Please check JetBlue Airways' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether JetBlue Airways' current trending patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
JetBlue Airways has good reverse predictability. Overlapping area represents the amount of predictability between JetBlue Airways 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 JetBlue Airways price movement. The serial correlation of -0.55 indicates that about 55.0% of current JetBlue Airways price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 181.6 |
JetBlue Airways lagged returns against current returns
Autocorrelation, which is JetBlue Airways 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 JetBlue Airways' stock expected returns. We can calculate the autocorrelation of JetBlue Airways returns to help us make a trade decision. For example, suppose you find that JetBlue Airways 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 |
JetBlue Airways 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 JetBlue Airways stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JetBlue Airways stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JetBlue Airways stock over time.
Current vs Lagged Prices |
| Timeline |
JetBlue Airways Lagged Returns
When evaluating JetBlue Airways' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JetBlue Airways stock have on its future price. JetBlue Airways 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, JetBlue Airways autocorrelation shows the relationship between JetBlue Airways stock current value and its past values and can show if there is a momentum factor associated with investing in JetBlue Airways.
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.Additional Tools for JetBlue Stock Analysis
When running JetBlue Airways' price analysis, check to measure JetBlue Airways' 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 JetBlue Airways is operating at the current time. Most of JetBlue Airways' value examination focuses on studying past and present price action to predict the probability of JetBlue Airways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JetBlue Airways' price. Additionally, you may evaluate how the addition of JetBlue Airways to your portfolios can decrease your overall portfolio volatility.