Jetai Inc Stock Market Value
| JTAI Stock | 5.28 0.32 5.71% |
| Symbol | JetAI |
JetAI Inc Price To Book Ratio
Is Passenger Airlines 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 JetAI. If investors know JetAI 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 JetAI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (191.17) | Revenue Per Share 319.908 | Quarterly Revenue Growth 0.104 | Return On Assets (2.20) | Return On Equity (31.99) |
The market value of JetAI Inc is measured differently than its book value, which is the value of JetAI that is recorded on the company's balance sheet. Investors also form their own opinion of JetAI's value that differs from its market value or its book value, called intrinsic value, which is JetAI'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 JetAI's market value can be influenced by many factors that don't directly affect JetAI'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 JetAI's value and its price as these two are different measures arrived at by different means. Investors typically determine if JetAI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JetAI'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.
JetAI '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 JetAI'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 JetAI.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in JetAI on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding JetAI Inc or generate 0.0% return on investment in JetAI over 30 days. JetAI is related to or competes with KVH Industries, Playtika Holding, Zedge, Nexstar Broadcasting, Getty Images, Pinterest, and Radcom. JetAI is entity of United States. It is traded as Stock on NASDAQ exchange. More
JetAI 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 JetAI'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 JetAI Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 51.77 | |||
| Value At Risk | (16.07) | |||
| Potential Upside | 12.82 |
JetAI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JetAI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JetAI's standard deviation. In reality, there are many statistical measures that can use JetAI historical prices to predict the future JetAI's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (2.96) | |||
| Total Risk Alpha | (4.12) | |||
| Treynor Ratio | (0.99) |
JetAI Inc Backtested Returns
JetAI Inc holds Efficiency (Sharpe) Ratio of -0.24, which attests that the entity had a -0.24% return per unit of risk over the last 3 months. JetAI Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JetAI's Standard Deviation of 9.77, risk adjusted performance of (0.20), and Market Risk Adjusted Performance of (0.98) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.68, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, JetAI will likely underperform. At this point, JetAI Inc has a negative expected return of -2.36%. Please make sure to check out JetAI's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if JetAI Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
JetAI Inc has good predictability. Overlapping area represents the amount of predictability between JetAI time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 JetAI Inc price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current JetAI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
JetAI Inc lagged returns against current returns
Autocorrelation, which is JetAI 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 JetAI's stock expected returns. We can calculate the autocorrelation of JetAI returns to help us make a trade decision. For example, suppose you find that JetAI 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 |
JetAI 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 JetAI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JetAI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JetAI stock over time.
Current vs Lagged Prices |
| Timeline |
JetAI Lagged Returns
When evaluating JetAI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JetAI stock have on its future price. JetAI 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, JetAI autocorrelation shows the relationship between JetAI stock current value and its past values and can show if there is a momentum factor associated with investing in JetAI Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether JetAI Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of JetAI's 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 Jetai Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Jetai Inc Stock:Check out JetAI Correlation, JetAI Volatility and JetAI Alpha and Beta module to complement your research on JetAI. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
JetAI 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.