J Long Group Limited Stock Market Value
| JL Stock | 0.29 0.04 16.00% |
| Symbol | J Long |
J Long Group Price To Book Ratio
Is Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of J Long. If investors know J Long will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about J Long listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.58) | Earnings Share 0.03 | Revenue Per Share 0.938 | Quarterly Revenue Growth (0.13) | Return On Assets 0.0127 |
The market value of J Long Group is measured differently than its book value, which is the value of J Long that is recorded on the company's balance sheet. Investors also form their own opinion of J Long's value that differs from its market value or its book value, called intrinsic value, which is J Long's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because J Long's market value can be influenced by many factors that don't directly affect J Long's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between J Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if J Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, J Long's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
J Long '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 J Long'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 J Long.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in J Long on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding J Long Group Limited or generate 0.0% return on investment in J Long over 30 days. J Long is related to or competes with Steven Madden, Vera Bradley, Continental, Rocky Brands, and Designer Brands. J Long is entity of United States. It is traded as Stock on NASDAQ exchange. More
J Long 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 J Long'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 J Long Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.06 | |||
| Information Ratio | 0.0106 | |||
| Maximum Drawdown | 95.21 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 12.82 |
J Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for J Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as J Long's standard deviation. In reality, there are many statistical measures that can use J Long historical prices to predict the future J Long's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | 0.1666 | |||
| Total Risk Alpha | (1.67) | |||
| Sortino Ratio | 0.0143 | |||
| Treynor Ratio | 0.3621 |
J Long Group Backtested Returns
J Long appears to be out of control, given 3 months investment horizon. J Long Group holds Efficiency (Sharpe) Ratio of 0.0156, which attests that the company had a 0.0156% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for J Long Group, which you can use to evaluate the volatility of the entity. Please utilize J Long's semi deviation of 8.44, and Market Risk Adjusted Performance of 0.3721 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, J Long holds a performance score of 1. The firm retains a Market Volatility (i.e., Beta) of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, J Long's returns are expected to increase less than the market. However, during the bear market, the loss of holding J Long is expected to be smaller as well. Please check J Long's treynor ratio and the relationship between the semi variance and period momentum indicator , to make a quick decision on whether J Long's current trending patterns will revert.
Auto-correlation | 0.62 |
Good predictability
J Long Group Limited has good predictability. Overlapping area represents the amount of predictability between J Long 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 J Long Group price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current J Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
J Long Group lagged returns against current returns
Autocorrelation, which is J Long 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 J Long's stock expected returns. We can calculate the autocorrelation of J Long returns to help us make a trade decision. For example, suppose you find that J Long 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 |
J Long 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 J Long stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if J Long stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in J Long stock over time.
Current vs Lagged Prices |
| Timeline |
J Long Lagged Returns
When evaluating J Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of J Long stock have on its future price. J Long 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, J Long autocorrelation shows the relationship between J Long stock current value and its past values and can show if there is a momentum factor associated with investing in J Long Group Limited.
Regressed Prices |
| Timeline |
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J Long technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.