JB Hi (Australia) Market Value
| JBH Stock | 92.80 1.62 1.78% |
| Symbol | JBH |
JB Hi '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 JB Hi'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 JB Hi.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in JB Hi on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding JB Hi Fi or generate 0.0% return on investment in JB Hi over 30 days. JB Hi is related to or competes with Pengana Private, PM Capital, Macquarie Group, Wam Leaders, and Staude Capital. JB Hi is entity of Australia. It is traded as Stock on AU exchange. More
JB Hi 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 JB Hi'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 JB Hi Fi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0642 | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.71 |
JB Hi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JB Hi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JB Hi's standard deviation. In reality, there are many statistical measures that can use JB Hi historical prices to predict the future JB Hi's volatility.| Risk Adjusted Performance | 0.1121 | |||
| Jensen Alpha | 0.1745 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0766 | |||
| Treynor Ratio | 0.8524 |
JB Hi Fi Backtested Returns
JB Hi appears to be very steady, given 3 months investment horizon. JB Hi Fi retains Efficiency (Sharpe Ratio) of 0.15, which attests that the company had a 0.15% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for JB Hi, which you can use to evaluate the volatility of the entity. Please utilize JB Hi's Standard Deviation of 1.48, semi deviation of 1.05, and Market Risk Adjusted Performance of 0.8624 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JB Hi holds a performance score of 12. The firm owns a Beta (Systematic Risk) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JB Hi's returns are expected to increase less than the market. However, during the bear market, the loss of holding JB Hi is expected to be smaller as well. Please check JB Hi's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether JB Hi's current price history will revert.
Auto-correlation | 0.88 |
Very good predictability
JB Hi Fi has very good predictability. Overlapping area represents the amount of predictability between JB Hi time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 JB Hi Fi price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current JB Hi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
JB Hi Fi lagged returns against current returns
Autocorrelation, which is JB Hi 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 JB Hi's stock expected returns. We can calculate the autocorrelation of JB Hi returns to help us make a trade decision. For example, suppose you find that JB Hi 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 |
JB Hi 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 JB Hi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JB Hi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JB Hi stock over time.
Current vs Lagged Prices |
| Timeline |
JB Hi Lagged Returns
When evaluating JB Hi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JB Hi stock have on its future price. JB Hi 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, JB Hi autocorrelation shows the relationship between JB Hi stock current value and its past values and can show if there is a momentum factor associated with investing in JB Hi Fi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for JBH Stock Analysis
When running JB Hi's price analysis, check to measure JB Hi'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 JB Hi is operating at the current time. Most of JB Hi's value examination focuses on studying past and present price action to predict the probability of JB Hi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JB Hi's price. Additionally, you may evaluate how the addition of JB Hi to your portfolios can decrease your overall portfolio volatility.