JD Sports (UK) Market Value
| JD Stock | 93.46 1.98 2.07% |
| Symbol | JD Sports |
JD Sports '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 JD Sports' 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 JD Sports.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in JD Sports on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding JD Sports Fashion or generate 0.0% return on investment in JD Sports over 30 days. JD Sports is related to or competes with Toyota, SoftBank Group, State Bank, Freddie Mac, and MOL Hungarian. JD Sports is entity of United Kingdom. It is traded as Stock on LSE exchange. More
JD Sports 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 JD Sports' 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 JD Sports Fashion upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 16.81 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 3.65 |
JD Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JD Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JD Sports' standard deviation. In reality, there are many statistical measures that can use JD Sports historical prices to predict the future JD Sports' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (4.67) |
JD Sports Fashion Backtested Returns
JD Sports Fashion retains Efficiency (Sharpe Ratio) of -0.22, which attests that the entity had a -0.22% return per unit of price deviation over the last 3 months. JD Sports exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JD Sports' Market Risk Adjusted Performance of (4.66), information ratio of (0.15), and Coefficient Of Variation of (836.92) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.0852, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JD Sports' returns are expected to increase less than the market. However, during the bear market, the loss of holding JD Sports is expected to be smaller as well. At this point, JD Sports Fashion has a negative expected return of -0.62%. Please make sure to check out JD Sports' jensen alpha, as well as the relationship between the skewness and day median price , to decide if JD Sports Fashion performance from the past will be repeated sooner or later.
Auto-correlation | 0.59 |
Modest predictability
JD Sports Fashion has modest predictability. Overlapping area represents the amount of predictability between JD Sports time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 JD Sports Fashion price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current JD Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 83.42 |
JD Sports Fashion lagged returns against current returns
Autocorrelation, which is JD Sports 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 JD Sports' stock expected returns. We can calculate the autocorrelation of JD Sports returns to help us make a trade decision. For example, suppose you find that JD Sports 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 |
JD Sports 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 JD Sports stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JD Sports stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JD Sports stock over time.
Current vs Lagged Prices |
| Timeline |
JD Sports Lagged Returns
When evaluating JD Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JD Sports stock have on its future price. JD Sports 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, JD Sports autocorrelation shows the relationship between JD Sports stock current value and its past values and can show if there is a momentum factor associated with investing in JD Sports Fashion.
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 JD Sports Stock
JD Sports financial ratios help investors to determine whether JD Sports 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 JD Sports with respect to the benefits of owning JD Sports security.