JD HEALTH's market value is the price at which a share of JD HEALTH trades on a public exchange. It measures the collective expectations of JD HEALTH INTL investors about its performance. JD HEALTH is trading at 3.26 as of the 6th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 3.26. With this module, you can estimate the performance of a buy and hold strategy of JD HEALTH INTL and determine expected loss or profit from investing in JD HEALTH over a given investment horizon. Check out JD HEALTH Correlation, JD HEALTH Volatility and JD HEALTH Alpha and Beta module to complement your research on JD HEALTH.
Please note, there is a significant difference between JD HEALTH's value and its price as these two are different measures arrived at by different means. Investors typically determine if JD HEALTH is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JD HEALTH'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.
JD HEALTH '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 JD HEALTH'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 JD HEALTH.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure JD HEALTH'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 JD HEALTH INTL upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for JD HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JD HEALTH's standard deviation. In reality, there are many statistical measures that can use JD HEALTH historical prices to predict the future JD HEALTH's volatility.
JD HEALTH INTL retains Efficiency (Sharpe Ratio) of -0.0319, which attests that the entity had a -0.0319% return per unit of price deviation over the last 3 months. JD HEALTH exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JD HEALTH's Coefficient Of Variation of (3,133), market risk adjusted performance of 0.8968, and Information Ratio of (0.04) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JD HEALTH are expected to decrease at a much lower rate. During the bear market, JD HEALTH is likely to outperform the market. At this point, JD HEALTH INTL has a negative expected return of -0.0993%. Please make sure to check out JD HEALTH's coefficient of variation, jensen alpha, skewness, as well as the relationship between the variance and value at risk , to decide if JD HEALTH INTL performance from the past will be repeated sooner or later.
Auto-correlation
-0.55
Good reverse predictability
JD HEALTH INTL has good reverse predictability. Overlapping area represents the amount of predictability between JD HEALTH time series from 12th of January 2024 to 10th of July 2024 and 10th of July 2024 to 6th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of JD HEALTH INTL price movement. The serial correlation of -0.55 indicates that about 55.0% of current JD HEALTH price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.55
Spearman Rank Test
-0.44
Residual Average
0.0
Price Variance
0.24
JD HEALTH INTL lagged returns against current returns
Autocorrelation, which is JD HEALTH 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 JD HEALTH's stock expected returns. We can calculate the autocorrelation of JD HEALTH returns to help us make a trade decision. For example, suppose you find that JD HEALTH 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
JD HEALTH 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 JD HEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JD HEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JD HEALTH stock over time.
Current vs Lagged Prices
Timeline
JD HEALTH Lagged Returns
When evaluating JD HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JD HEALTH stock have on its future price. JD HEALTH 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, JD HEALTH autocorrelation shows the relationship between JD HEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in JD HEALTH INTL.
JD HEALTH financial ratios help investors to determine whether 8ZN 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 8ZN with respect to the benefits of owning JD HEALTH security.