Jd Sports Fashion Stock Market Value
| JDSPY Stock | USD 1.40 0.07 4.76% |
| Symbol | JDSPY |
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.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in JD Sports on November 28, 2023 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 360 days. JD Sports is related to or competes with Burlington Stores, Childrens Place, Buckle, Shoe Carnival, Urban Outfitters, American Eagle, and Abercrombie Fitch. 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 | (0.05) | |||
| Maximum Drawdown | 24.38 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 6.7 |
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 | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.19) |
JD Sports Fashion Backtested Returns
JD Sports Fashion retains Efficiency (Sharpe Ratio) of -0.1, which attests that the entity had a -0.1% return per unit of price deviation over the last 3 months. JD Sports exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JD Sports' Coefficient Of Variation of (4,291), market risk adjusted performance of (0.18), and Information Ratio of (0.05) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.52, 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 -0.34%. Please make sure to check out JD Sports' treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if JD Sports Fashion performance from the past will be repeated sooner or later.
Auto-correlation | -0.18 |
Insignificant reverse predictability
JD Sports Fashion has insignificant reverse predictability. Overlapping area represents the amount of predictability between JD Sports time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 -0.18 indicates that over 18.0% of current JD Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.19 | |
| 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 |
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 JDSPY Pink Sheet Analysis
When running JD Sports' price analysis, check to measure JD Sports' 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 JD Sports is operating at the current time. Most of JD Sports' value examination focuses on studying past and present price action to predict the probability of JD Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JD Sports' price. Additionally, you may evaluate how the addition of JD Sports to your portfolios can decrease your overall portfolio volatility.