Jerash Holdings Stock Market Value
| JRSH Stock | USD 3.36 0.03 0.90% |
| Symbol | Jerash |
Jerash Holdings Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 Jerash Holdings. If investors know Jerash 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 Jerash Holdings 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 (0.74) | Earnings Share (0.29) | Revenue Per Share 10.036 | Quarterly Revenue Growth 0.178 | Return On Assets (0.02) |
The market value of Jerash Holdings is measured differently than its book value, which is the value of Jerash that is recorded on the company's balance sheet. Investors also form their own opinion of Jerash Holdings' value that differs from its market value or its book value, called intrinsic value, which is Jerash Holdings' 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 Jerash Holdings' market value can be influenced by many factors that don't directly affect Jerash Holdings' 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 Jerash Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Jerash Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jerash Holdings' 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.
Jerash Holdings '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 Jerash Holdings' 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 Jerash Holdings.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Jerash Holdings on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Jerash Holdings or generate 0.0% return on investment in Jerash Holdings over 30 days. Jerash Holdings is related to or competes with Vince Holding, Oxford Industries, Gildan Activewear, Columbia Sportswear, Kontoor Brands, Superior Uniform, and Lakeland Industries. Jerash Holdings , Inc., through its subsidiaries, manufactures and exports customized and readymade sport and outerwear More
Jerash Holdings 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 Jerash Holdings' 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 Jerash Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.0527 | |||
| Maximum Drawdown | 12.53 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.35 |
Jerash Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jerash Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jerash Holdings' standard deviation. In reality, there are many statistical measures that can use Jerash Holdings historical prices to predict the future Jerash Holdings' volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 0.1781 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0652 | |||
| Treynor Ratio | 1.2 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jerash Holdings' 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.
Jerash Holdings Backtested Returns
Jerash Holdings is somewhat reliable at the moment. Jerash Holdings holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jerash Holdings, which you can use to evaluate the volatility of the firm. Please check out Jerash Holdings' Market Risk Adjusted Performance of 1.21, risk adjusted performance of 0.0924, and Downside Deviation of 1.45 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Jerash Holdings has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jerash Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Jerash Holdings is expected to be smaller as well. Jerash Holdings right now retains a risk of 1.8%. Please check out Jerash Holdings value at risk, as well as the relationship between the skewness and day median price , to decide if Jerash Holdings will be following its current trending patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Jerash Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Jerash Holdings time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Jerash Holdings price movement. The serial correlation of -0.24 indicates that over 24.0% of current Jerash Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Jerash Holdings lagged returns against current returns
Autocorrelation, which is Jerash Holdings 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 Jerash Holdings' stock expected returns. We can calculate the autocorrelation of Jerash Holdings returns to help us make a trade decision. For example, suppose you find that Jerash Holdings 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 |
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Jerash Holdings 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 Jerash Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jerash Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jerash Holdings stock over time.
Current vs Lagged Prices |
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Jerash Holdings Lagged Returns
When evaluating Jerash Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jerash Holdings stock have on its future price. Jerash Holdings 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, Jerash Holdings autocorrelation shows the relationship between Jerash Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Jerash Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Jerash Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Jerash Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Jerash Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Jerash Holdings Stock:Check out Jerash Holdings Correlation, Jerash Holdings Volatility and Jerash Holdings Alpha and Beta module to complement your research on Jerash Holdings. For more detail on how to invest in Jerash Stock please use our How to Invest in Jerash Holdings guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Jerash Holdings 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.