Jourdeness (Taiwan) Market Value
| 4190 Stock | TWD 46.80 0.55 1.16% |
| Symbol | Jourdeness |
Jourdeness '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 Jourdeness' 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 Jourdeness.
| 01/25/2023 |
| 12/15/2024 |
If you would invest 0.00 in Jourdeness on January 25, 2023 and sell it all today you would earn a total of 0.00 from holding Jourdeness Group or generate 0.0% return on investment in Jourdeness over 690 days. Jourdeness is related to or competes with Standard Foods, Uni President, Great Wall, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Jourdeness Group Limited manufactures and distributes cosmetics products in China and internationally More
Jourdeness 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 Jourdeness' 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 Jourdeness Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.35 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 4.43 |
Jourdeness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jourdeness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jourdeness' standard deviation. In reality, there are many statistical measures that can use Jourdeness historical prices to predict the future Jourdeness' volatility.| Risk Adjusted Performance | 0.0178 | |||
| Jensen Alpha | 0.0013 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0953 |
Jourdeness Group Backtested Returns
At this stage we consider Jourdeness Stock to be very steady. Jourdeness Group holds Efficiency (Sharpe) Ratio of 0.011, which attests that the entity had a 0.011% return per unit of risk over the last 3 months. We have found thirty technical indicators for Jourdeness Group, which you can use to evaluate the volatility of the firm. Please check out Jourdeness' Risk Adjusted Performance of 0.0178, market risk adjusted performance of 0.1053, and Downside Deviation of 1.84 to validate if the risk estimate we provide is consistent with the expected return of 0.0251%. The company retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jourdeness' returns are expected to increase less than the market. However, during the bear market, the loss of holding Jourdeness is expected to be smaller as well. Jourdeness Group right now retains a risk of 2.28%. Please check out Jourdeness total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Jourdeness will be following its current trending patterns.
Auto-correlation | 0.29 |
Poor predictability
Jourdeness Group has poor predictability. Overlapping area represents the amount of predictability between Jourdeness time series from 25th of January 2023 to 5th of January 2024 and 5th of January 2024 to 15th 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 Jourdeness Group price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Jourdeness price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 10.35 |
Jourdeness Group lagged returns against current returns
Autocorrelation, which is Jourdeness 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 Jourdeness' stock expected returns. We can calculate the autocorrelation of Jourdeness returns to help us make a trade decision. For example, suppose you find that Jourdeness 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 |
Jourdeness 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 Jourdeness stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jourdeness stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jourdeness stock over time.
Current vs Lagged Prices |
| Timeline |
Jourdeness Lagged Returns
When evaluating Jourdeness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jourdeness stock have on its future price. Jourdeness 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, Jourdeness autocorrelation shows the relationship between Jourdeness stock current value and its past values and can show if there is a momentum factor associated with investing in Jourdeness Group.
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.Additional Tools for Jourdeness Stock Analysis
When running Jourdeness' price analysis, check to measure Jourdeness' 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 Jourdeness is operating at the current time. Most of Jourdeness' value examination focuses on studying past and present price action to predict the probability of Jourdeness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jourdeness' price. Additionally, you may evaluate how the addition of Jourdeness to your portfolios can decrease your overall portfolio volatility.