Jean (Taiwan) Market Value
| 2442 Stock | TWD 25.80 0.10 0.39% |
| Symbol | Jean |
Jean '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 Jean'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 Jean.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Jean on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Jean Co or generate 0.0% return on investment in Jean over 720 days. Jean is related to or competes with Shuttle, Amtran Technology, AVerMedia Technologies, Gigastorage Corp, and K Laser. ,Ltd engages in the design, manufacture, and marketing of computer and TV display products in Taiwan More
Jean 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 Jean'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 Jean Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.68 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.31 |
Jean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jean's standard deviation. In reality, there are many statistical measures that can use Jean historical prices to predict the future Jean's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.16) |
Jean Backtested Returns
Jean holds Efficiency (Sharpe) Ratio of -0.0371, which attests that the entity had a -0.0371% return per unit of risk over the last 3 months. Jean exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jean's Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.15), and Standard Deviation of 2.05 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jean is expected to be smaller as well. At this point, Jean has a negative expected return of -0.0771%. Please make sure to check out Jean's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Jean performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Jean Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Jean time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th of December 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 Jean price movement. The serial correlation of -0.01 indicates that just 1.0% of current Jean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 14.52 |
Jean lagged returns against current returns
Autocorrelation, which is Jean 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 Jean's stock expected returns. We can calculate the autocorrelation of Jean returns to help us make a trade decision. For example, suppose you find that Jean 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 |
Jean 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 Jean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jean stock over time.
Current vs Lagged Prices |
| Timeline |
Jean Lagged Returns
When evaluating Jean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jean stock have on its future price. Jean 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, Jean autocorrelation shows the relationship between Jean stock current value and its past values and can show if there is a momentum factor associated with investing in Jean Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for Jean Stock Analysis
When running Jean's price analysis, check to measure Jean'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 Jean is operating at the current time. Most of Jean's value examination focuses on studying past and present price action to predict the probability of Jean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jean's price. Additionally, you may evaluate how the addition of Jean to your portfolios can decrease your overall portfolio volatility.