Jd Sports Fashion Stock Market Value
| JDDSF Stock | USD 1.46 0.00 0.00% |
| Symbol | JDDSF |
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' pink sheet 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in JD Sports on October 27, 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 Guess, and Foot Locker. JD Sports Fashion plc engages in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and e... 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' pink sheet 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 | (0.08) | |||
| Maximum Drawdown | 29.3 |
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 | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JD Sports' 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.
JD Sports Fashion Backtested Returns
JD Sports Fashion retains Efficiency (Sharpe Ratio) of -0.0358, which attests that the entity had a -0.0358% return per unit of price deviation over the last 3 months. JD Sports exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JD Sports' Information Ratio of (0.08), coefficient of variation of (2,854), and Market Risk Adjusted Performance of (0.31) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.32, which attests to possible diversification benefits within a given portfolio. 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 -0.0967%. Please make sure to check out JD Sports' variance, as well as the relationship between the skewness and day typical price , to decide if JD Sports Fashion performance from the past will be repeated sooner or later.
Auto-correlation | -0.43 |
Modest reverse predictability
JD Sports Fashion has modest reverse predictability. Overlapping area represents the amount of predictability between JD Sports 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 JD Sports Fashion price movement. The serial correlation of -0.43 indicates that just about 43.0% of current JD Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
JD Sports Fashion lagged returns against current returns
Autocorrelation, which is JD Sports pink sheet'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' pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JD Sports pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JD Sports pink sheet 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 pink sheet 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 pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in JDDSF Pink Sheet
JD Sports financial ratios help investors to determine whether JDDSF Pink Sheet 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 JDDSF with respect to the benefits of owning JD Sports security.