Jgc Corp Stock Market Value
| JGCCY Stock | USD 16.93 0.00 0.00% |
| Symbol | JGC |
JGC Corp '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 JGC Corp's 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 JGC Corp.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in JGC Corp on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding JGC Corp or generate 0.0% return on investment in JGC Corp over 30 days. JGC Corp is related to or competes with Aecom Technology, Matrix Service, MYR, Fluor, and EMCOR. JGC Holdings Corporation, together with its subsidiaries, provides engineering, procurement, and construction services More
JGC Corp 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 JGC Corp's 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 JGC Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.36 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.9698 |
JGC Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JGC Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JGC Corp's standard deviation. In reality, there are many statistical measures that can use JGC Corp historical prices to predict the future JGC Corp's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.2171 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JGC Corp's 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.
JGC Corp Backtested Returns
JGC Corp retains Efficiency (Sharpe Ratio) of -0.0222, which attests that the entity had a -0.0222% return per unit of return volatility over the last 3 months. JGC Corp exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JGC Corp's Coefficient Of Variation of (6,993), market risk adjusted performance of 0.2271, and Standard Deviation of 1.9 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JGC Corp are expected to decrease at a much lower rate. During the bear market, JGC Corp is likely to outperform the market. At this point, JGC Corp has a negative expected return of -0.043%. Please make sure to check out JGC Corp's market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness , to decide if JGC Corp performance from the past will be repeated in the future.
Auto-correlation | -0.08 |
Very weak reverse predictability
JGC Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between JGC Corp 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 JGC Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current JGC Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
JGC Corp lagged returns against current returns
Autocorrelation, which is JGC Corp 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 JGC Corp's pink sheet expected returns. We can calculate the autocorrelation of JGC Corp returns to help us make a trade decision. For example, suppose you find that JGC Corp 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 |
JGC Corp 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 JGC Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JGC Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JGC Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
JGC Corp Lagged Returns
When evaluating JGC Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JGC Corp pink sheet have on its future price. JGC Corp 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, JGC Corp autocorrelation shows the relationship between JGC Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in JGC Corp.
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 JGC Pink Sheet Analysis
When running JGC Corp's price analysis, check to measure JGC Corp'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 JGC Corp is operating at the current time. Most of JGC Corp's value examination focuses on studying past and present price action to predict the probability of JGC Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JGC Corp's price. Additionally, you may evaluate how the addition of JGC Corp to your portfolios can decrease your overall portfolio volatility.