Jtekt India (India) Market Value
| JTEKTINDIA | 165.47 1.52 0.91% |
| Symbol | Jtekt |
Jtekt India '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 Jtekt India'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 Jtekt India.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Jtekt India on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Jtekt India Limited or generate 0.0% return on investment in Jtekt India over 30 days. Jtekt India is related to or competes with Hemisphere Properties, India Glycols, Indo Borax, Kingfa Science, Alkali Metals, Mahindra Logistics, and Krebs Biochemicals. Jtekt India is entity of India. It is traded as Stock on NSE exchange. More
Jtekt India 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 Jtekt India'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 Jtekt India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.32 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 3.32 |
Jtekt India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jtekt India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jtekt India's standard deviation. In reality, there are many statistical measures that can use Jtekt India historical prices to predict the future Jtekt India's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 1.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jtekt India'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.
Jtekt India Limited Backtested Returns
Jtekt India Limited holds Efficiency (Sharpe) Ratio of -0.0178, which attests that the entity had a -0.0178% return per unit of risk over the last 3 months. Jtekt India Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jtekt India's Market Risk Adjusted Performance of 1.05, risk adjusted performance of (0.02), and Standard Deviation of 1.88 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0823, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jtekt India are expected to decrease at a much lower rate. During the bear market, Jtekt India is likely to outperform the market. At this point, Jtekt India Limited has a negative expected return of -0.0335%. Please make sure to check out Jtekt India's total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Jtekt India Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Jtekt India Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Jtekt India 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 Jtekt India Limited price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Jtekt India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 8.61 |
Jtekt India Limited lagged returns against current returns
Autocorrelation, which is Jtekt India 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 Jtekt India's stock expected returns. We can calculate the autocorrelation of Jtekt India returns to help us make a trade decision. For example, suppose you find that Jtekt India 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 |
Jtekt India 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 Jtekt India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jtekt India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jtekt India stock over time.
Current vs Lagged Prices |
| Timeline |
Jtekt India Lagged Returns
When evaluating Jtekt India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jtekt India stock have on its future price. Jtekt India 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, Jtekt India autocorrelation shows the relationship between Jtekt India stock current value and its past values and can show if there is a momentum factor associated with investing in Jtekt India Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Jtekt Stock
Jtekt India financial ratios help investors to determine whether Jtekt 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 Jtekt with respect to the benefits of owning Jtekt India security.