JBS SA (Brazil) Market Value
| JBSS3 Stock | BRL 35.65 1.99 5.91% |
| Symbol | JBS |
JBS SA '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 JBS SA'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 JBS SA.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in JBS SA on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding JBS SA or generate 0.0% return on investment in JBS SA over 30 days. JBS SA is related to or competes with Marfrig Global, BRF SA, Minerva SA, Gerdau SA, and Vale SA. JBS S.A., a food company, processes and trades in animal protein worldwide More
JBS SA 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 JBS SA'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 JBS SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.59 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 2.6 |
JBS SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JBS SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JBS SA's standard deviation. In reality, there are many statistical measures that can use JBS SA historical prices to predict the future JBS SA's volatility.| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0374 |
JBS SA Backtested Returns
Currently, JBS SA is very steady. JBS SA holds Efficiency (Sharpe) Ratio of 0.0517, which attests that the company had a 0.0517% return per unit of volatility over the last 3 months. We have found thirty technical indicators for JBS SA, which you can use to evaluate the volatility of the entity. Please check out JBS SA's market risk adjusted performance of 0.0474, and Semi Deviation of 1.76 to validate if the risk estimate we provide is consistent with the expected return of 0.0922%. JBS SA has a performance score of 4 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JBS SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding JBS SA is expected to be smaller as well. JBS SA now retains a risk of 1.78%. Please check out JBS SA potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if JBS SA will be following its current trending patterns.
Auto-correlation | 0.61 |
Good predictability
JBS SA has good predictability. Overlapping area represents the amount of predictability between JBS SA time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 JBS SA price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current JBS SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
JBS SA lagged returns against current returns
Autocorrelation, which is JBS SA 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 JBS SA's stock expected returns. We can calculate the autocorrelation of JBS SA returns to help us make a trade decision. For example, suppose you find that JBS SA 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 |
JBS SA 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 JBS SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JBS SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JBS SA stock over time.
Current vs Lagged Prices |
| Timeline |
JBS SA Lagged Returns
When evaluating JBS SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JBS SA stock have on its future price. JBS SA 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, JBS SA autocorrelation shows the relationship between JBS SA stock current value and its past values and can show if there is a momentum factor associated with investing in JBS SA.
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 JBS Stock Analysis
When running JBS SA's price analysis, check to measure JBS SA'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 JBS SA is operating at the current time. Most of JBS SA's value examination focuses on studying past and present price action to predict the probability of JBS SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JBS SA's price. Additionally, you may evaluate how the addition of JBS SA to your portfolios can decrease your overall portfolio volatility.