Jrsis Health Care Stock Market Value
| JRSS Stock | USD 0.12 0.00 0.00% |
| Symbol | JRSIS |
JRSIS Health '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 JRSIS Health'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 JRSIS Health.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in JRSIS Health on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding JRSIS Health Care or generate 0.0% return on investment in JRSIS Health over 90 days. JRSIS Health is related to or competes with Aveanna Healthcare, Acadia Healthcare, Pennant, Brookdale Senior, and American Shared. JRSIS Health Care Corporation provides a range of medical services in Harbin in the Heilongjiang Province of the Peoples... More
JRSIS Health 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 JRSIS Health'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 JRSIS Health Care upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 108.91 |
JRSIS Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JRSIS Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JRSIS Health's standard deviation. In reality, there are many statistical measures that can use JRSIS Health historical prices to predict the future JRSIS Health's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.92) | |||
| Total Risk Alpha | (2.85) | |||
| Treynor Ratio | 2.31 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JRSIS Health'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.
JRSIS Health Care Backtested Returns
JRSIS Health Care holds Efficiency (Sharpe) Ratio of -0.0863, which attests that the entity had a -0.0863% return per unit of volatility over the last 3 months. JRSIS Health Care exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JRSIS Health's risk adjusted performance of (0.06), and Market Risk Adjusted Performance of 2.32 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning JRSIS Health are expected to decrease at a much lower rate. During the bear market, JRSIS Health is likely to outperform the market. At this point, JRSIS Health Care has a negative expected return of -0.98%. Please make sure to check out JRSIS Health's treynor ratio and day typical price , to decide if JRSIS Health Care performance from the past will be repeated at future time.
Auto-correlation | 0.76 |
Good predictability
JRSIS Health Care has good predictability. Overlapping area represents the amount of predictability between JRSIS Health time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 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 JRSIS Health Care price movement. The serial correlation of 0.76 indicates that around 76.0% of current JRSIS Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
JRSIS Health Care lagged returns against current returns
Autocorrelation, which is JRSIS Health 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 JRSIS Health's pink sheet expected returns. We can calculate the autocorrelation of JRSIS Health returns to help us make a trade decision. For example, suppose you find that JRSIS Health 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 |
JRSIS Health 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 JRSIS Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JRSIS Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JRSIS Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
JRSIS Health Lagged Returns
When evaluating JRSIS Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JRSIS Health pink sheet have on its future price. JRSIS Health 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, JRSIS Health autocorrelation shows the relationship between JRSIS Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in JRSIS Health Care.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for JRSIS Pink Sheet Analysis
When running JRSIS Health's price analysis, check to measure JRSIS Health'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 JRSIS Health is operating at the current time. Most of JRSIS Health's value examination focuses on studying past and present price action to predict the probability of JRSIS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JRSIS Health's price. Additionally, you may evaluate how the addition of JRSIS Health to your portfolios can decrease your overall portfolio volatility.