Jastrzebska Spotka (Poland) Market Value
| JSW Stock | 25.53 0.47 1.81% |
| Symbol | Jastrzebska |
Jastrzebska Spotka '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 Jastrzebska Spotka'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 Jastrzebska Spotka.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Jastrzebska Spotka on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Jastrzebska Spotka Weglowa or generate 0.0% return on investment in Jastrzebska Spotka over 30 days. Jastrzebska Spotka is related to or competes with GreenX Metals, Asseco Business, Movie Games, and Altustfi. More
Jastrzebska Spotka 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 Jastrzebska Spotka'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 Jastrzebska Spotka Weglowa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.77 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.44 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 3.86 |
Jastrzebska Spotka Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jastrzebska Spotka's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jastrzebska Spotka's standard deviation. In reality, there are many statistical measures that can use Jastrzebska Spotka historical prices to predict the future Jastrzebska Spotka's volatility.| Risk Adjusted Performance | 0.0094 | |||
| Jensen Alpha | 0.0213 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0101 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jastrzebska Spotka'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.
Jastrzebska Spotka Backtested Returns
Jastrzebska Spotka holds Efficiency (Sharpe) Ratio of -0.0076, which attests that the entity had a -0.0076% return per unit of risk over the last 3 months. Jastrzebska Spotka exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jastrzebska Spotka's Market Risk Adjusted Performance of 0.0201, risk adjusted performance of 0.0094, and Downside Deviation of 2.77 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jastrzebska Spotka are expected to decrease at a much lower rate. During the bear market, Jastrzebska Spotka is likely to outperform the market. At this point, Jastrzebska Spotka has a negative expected return of -0.0206%. Please make sure to check out Jastrzebska Spotka's value at risk, as well as the relationship between the skewness and day median price , to decide if Jastrzebska Spotka performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Jastrzebska Spotka Weglowa has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jastrzebska Spotka time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Jastrzebska Spotka price movement. The serial correlation of -0.18 indicates that over 18.0% of current Jastrzebska Spotka price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Jastrzebska Spotka lagged returns against current returns
Autocorrelation, which is Jastrzebska Spotka 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 Jastrzebska Spotka's stock expected returns. We can calculate the autocorrelation of Jastrzebska Spotka returns to help us make a trade decision. For example, suppose you find that Jastrzebska Spotka 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 |
Jastrzebska Spotka 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 Jastrzebska Spotka stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jastrzebska Spotka stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jastrzebska Spotka stock over time.
Current vs Lagged Prices |
| Timeline |
Jastrzebska Spotka Lagged Returns
When evaluating Jastrzebska Spotka's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jastrzebska Spotka stock have on its future price. Jastrzebska Spotka 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, Jastrzebska Spotka autocorrelation shows the relationship between Jastrzebska Spotka stock current value and its past values and can show if there is a momentum factor associated with investing in Jastrzebska Spotka Weglowa.
Regressed Prices |
| Timeline |
Pair Trading with Jastrzebska Spotka
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 Jastrzebska Spotka 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 Jastrzebska Spotka will appreciate offsetting losses from the drop in the long position's value.Moving together with Jastrzebska Stock
Moving against Jastrzebska Stock
The ability to find closely correlated positions to Jastrzebska Spotka could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jastrzebska Spotka 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 Jastrzebska Spotka - 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 Jastrzebska Spotka Weglowa to buy it.
The correlation of Jastrzebska Spotka 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 Jastrzebska Spotka moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jastrzebska Spotka 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 Jastrzebska Spotka 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.Additional Tools for Jastrzebska Stock Analysis
When running Jastrzebska Spotka's price analysis, check to measure Jastrzebska Spotka'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 Jastrzebska Spotka is operating at the current time. Most of Jastrzebska Spotka's value examination focuses on studying past and present price action to predict the probability of Jastrzebska Spotka's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jastrzebska Spotka's price. Additionally, you may evaluate how the addition of Jastrzebska Spotka to your portfolios can decrease your overall portfolio volatility.