JBM Auto (India) Market Value
| JBMA Stock | 1,545 7.45 0.48% |
| Symbol | JBM |
JBM 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 JBM 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 JBM Auto.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in JBM Auto on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding JBM Auto Limited or generate 0.0% return on investment in JBM Auto over 30 days. JBM Auto is related to or competes with Hilton Metal, Baazar Style, Osia Hyper, Shivalik Bimetal, Iris Clothings, Ankit Metal, and Praxis Home. More
JBM 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 JBM 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 JBM Auto Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 3.64 |
JBM Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JBM Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JBM Auto's standard deviation. In reality, there are many statistical measures that can use JBM Auto historical prices to predict the future JBM Auto's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (1.94) |
JBM Auto Limited Backtested Returns
JBM Auto Limited holds Efficiency (Sharpe) Ratio of -0.15, which attests that the company had a -0.15% return per unit of volatility over the last 3 months. JBM Auto Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JBM Auto's market risk adjusted performance of (1.93), and Coefficient Of Variation of (655.21) to validate the risk estimate we provide. The firm 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, JBM Auto's returns are expected to increase less than the market. However, during the bear market, the loss of holding JBM Auto is expected to be smaller as well. At this point, JBM Auto Limited has a negative expected return of -0.31%. Please make sure to check out JBM Auto's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if JBM Auto Limited performance from the past will be repeated in the future.
Auto-correlation | -0.65 |
Very good reverse predictability
JBM Auto Limited has very good reverse predictability. Overlapping area represents the amount of predictability between JBM Auto time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 JBM Auto Limited price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current JBM Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2864.97 |
JBM Auto Limited lagged returns against current returns
Autocorrelation, which is JBM 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 JBM Auto's stock expected returns. We can calculate the autocorrelation of JBM Auto returns to help us make a trade decision. For example, suppose you find that JBM 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 |
JBM 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 JBM Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JBM Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JBM Auto stock over time.
Current vs Lagged Prices |
| Timeline |
JBM Auto Lagged Returns
When evaluating JBM Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JBM Auto stock have on its future price. JBM 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, JBM Auto autocorrelation shows the relationship between JBM Auto stock current value and its past values and can show if there is a momentum factor associated with investing in JBM Auto 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 JBM Stock Analysis
When running JBM Auto's price analysis, check to measure JBM 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 JBM Auto is operating at the current time. Most of JBM Auto's value examination focuses on studying past and present price action to predict the probability of JBM 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 JBM Auto's price. Additionally, you may evaluate how the addition of JBM Auto to your portfolios can decrease your overall portfolio volatility.