JS Investments (Pakistan) Market Value
| JSIL Stock | 22.60 0.90 3.83% |
| Symbol | JSIL |
JS Investments '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 JS Investments' 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 JS Investments.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in JS Investments on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding JS Investments or generate 0.0% return on investment in JS Investments over 30 days. JS Investments is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
JS Investments 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 JS Investments' 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 JS Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.47 | |||
| Information Ratio | 0.1408 | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (7.33) | |||
| Potential Upside | 9.99 |
JS Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JS Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JS Investments' standard deviation. In reality, there are many statistical measures that can use JS Investments historical prices to predict the future JS Investments' volatility.| Risk Adjusted Performance | 0.139 | |||
| Jensen Alpha | 0.7402 | |||
| Total Risk Alpha | 0.0472 | |||
| Sortino Ratio | 0.1388 | |||
| Treynor Ratio | 139.79 |
JS Investments Backtested Returns
JS Investments appears to be somewhat reliable, given 3 months investment horizon. JS Investments retains Efficiency (Sharpe Ratio) of 0.17, which attests that the entity had a 0.17% return per unit of price deviation over the last 3 months. By inspecting JS Investments' technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please utilize JS Investments' Standard Deviation of 4.4, semi deviation of 3.16, and Market Risk Adjusted Performance of 139.8 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JS Investments holds a performance score of 13. The company owns a Beta (Systematic Risk) of 0.0053, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JS Investments' returns are expected to increase less than the market. However, during the bear market, the loss of holding JS Investments is expected to be smaller as well. Please check JS Investments' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether JS Investments' current price history will revert.
Auto-correlation | 0.64 |
Good predictability
JS Investments has good predictability. Overlapping area represents the amount of predictability between JS Investments time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 JS Investments price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current JS Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
JS Investments lagged returns against current returns
Autocorrelation, which is JS Investments 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 JS Investments' stock expected returns. We can calculate the autocorrelation of JS Investments returns to help us make a trade decision. For example, suppose you find that JS Investments 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 |
JS Investments 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 JS Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JS Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JS Investments stock over time.
Current vs Lagged Prices |
| Timeline |
JS Investments Lagged Returns
When evaluating JS Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JS Investments stock have on its future price. JS Investments 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, JS Investments autocorrelation shows the relationship between JS Investments stock current value and its past values and can show if there is a momentum factor associated with investing in JS Investments.
Regressed Prices |
| Timeline |
Pair Trading with JS Investments
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JS Investments position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in JS Investments will appreciate offsetting losses from the drop in the long position's value.Moving together with JSIL Stock
Moving against JSIL Stock
The ability to find closely correlated positions to JS Investments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JS Investments when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JS Investments - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JS Investments to buy it.
The correlation of JS Investments is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JS Investments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JS Investments moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for JS Investments can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in JSIL Stock
JS Investments financial ratios help investors to determine whether JSIL Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in JSIL with respect to the benefits of owning JS Investments security.