J Resources (Indonesia) Market Value
| PSAB Stock | IDR 300.00 4.00 1.32% |
| Symbol | PSAB |
J Resources '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 J Resources' 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 J Resources.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in J Resources on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding J Resources Asia or generate 0.0% return on investment in J Resources over 30 days. J Resources is related to or competes with Merdeka Copper, Golden Eagle, Rukun Raharja, Wilton Makmur, and Surya Citra. More
J Resources 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 J Resources' 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 J Resources Asia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.32 | |||
| Information Ratio | 0.084 | |||
| Maximum Drawdown | 32.59 | |||
| Value At Risk | (7.32) | |||
| Potential Upside | 10.84 |
J Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for J Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as J Resources' standard deviation. In reality, there are many statistical measures that can use J Resources historical prices to predict the future J Resources' volatility.| Risk Adjusted Performance | 0.0906 | |||
| Jensen Alpha | 0.6465 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.1059 | |||
| Treynor Ratio | (0.90) |
J Resources Asia Backtested Returns
J Resources appears to be very steady, given 3 months investment horizon. J Resources Asia holds Efficiency (Sharpe) Ratio of 0.0903, which attests that the company had a 0.0903% return per unit of volatility over the last 3 months. By analyzing J Resources' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize J Resources' semi deviation of 3.86, and Market Risk Adjusted Performance of (0.89) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, J Resources holds a performance score of 7. The firm retains a Market Volatility (i.e., Beta) of -0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning J Resources are expected to decrease at a much lower rate. During the bear market, J Resources is likely to outperform the market. Please check J Resources' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether J Resources' current trending patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
J Resources Asia has modest reverse predictability. Overlapping area represents the amount of predictability between J Resources 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 J Resources Asia price movement. The serial correlation of -0.48 indicates that about 48.0% of current J Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 123.83 |
J Resources Asia lagged returns against current returns
Autocorrelation, which is J Resources 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 J Resources' stock expected returns. We can calculate the autocorrelation of J Resources returns to help us make a trade decision. For example, suppose you find that J Resources 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 |
J Resources 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 J Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if J Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in J Resources stock over time.
Current vs Lagged Prices |
| Timeline |
J Resources Lagged Returns
When evaluating J Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of J Resources stock have on its future price. J Resources 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, J Resources autocorrelation shows the relationship between J Resources stock current value and its past values and can show if there is a momentum factor associated with investing in J Resources Asia.
Regressed Prices |
| Timeline |
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J Resources financial ratios help investors to determine whether PSAB 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 PSAB with respect to the benefits of owning J Resources security.