JBS ON (Brazil) Market Value
| JBSS3F Stock | BRL 31.05 0.49 1.55% |
| Symbol | JBS |
JBS ON '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 JBS ON'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 JBS ON.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in JBS ON on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding JBS ON NM or generate 0.0% return on investment in JBS ON over 30 days. JBS ON is related to or competes with Live Nation, G2D Investments, NXP Semiconductors, Iron Mountain, Universal Health, and CVS Health. More
JBS ON 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 JBS ON'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 JBS ON NM upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.18 |
JBS ON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JBS ON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JBS ON's standard deviation. In reality, there are many statistical measures that can use JBS ON historical prices to predict the future JBS ON's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.5799 |
JBS ON NM Backtested Returns
JBS ON NM holds Efficiency (Sharpe) Ratio of -0.17, which attests that the company had a -0.17 % return per unit of volatility over the last 3 months. JBS ON NM exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JBS ON's coefficient of variation of (1,261), and Market Risk Adjusted Performance of 0.5899 to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning JBS ON are expected to decrease at a much lower rate. During the bear market, JBS ON is likely to outperform the market. At this point, JBS ON NM has a negative expected return of -0.36%. Please make sure to check out JBS ON's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if JBS ON NM performance from the past will be repeated in the future.
Auto-correlation | 0.15 |
Insignificant predictability
JBS ON NM has insignificant predictability. Overlapping area represents the amount of predictability between JBS ON time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 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 JBS ON NM price movement. The serial correlation of 0.15 indicates that less than 15.0% of current JBS ON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
JBS ON NM lagged returns against current returns
Autocorrelation, which is JBS ON 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 JBS ON's stock expected returns. We can calculate the autocorrelation of JBS ON returns to help us make a trade decision. For example, suppose you find that JBS ON 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 |
JBS ON 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 JBS ON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JBS ON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JBS ON stock over time.
Current vs Lagged Prices |
| Timeline |
JBS ON Lagged Returns
When evaluating JBS ON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JBS ON stock have on its future price. JBS ON 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, JBS ON autocorrelation shows the relationship between JBS ON stock current value and its past values and can show if there is a momentum factor associated with investing in JBS ON NM.
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.Other Information on Investing in JBS Stock
JBS ON financial ratios help investors to determine whether JBS 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 JBS with respect to the benefits of owning JBS ON security.