Je Cleantech Holdings Stock Market Value
| JCSE Stock | USD 1.09 0.03 2.83% |
| Symbol | JCSE |
JE Cleantech Holdings Price To Book Ratio
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JE Cleantech. If investors know JCSE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JE Cleantech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.143 | Earnings Share 0.12 | Revenue Per Share 3.987 | Quarterly Revenue Growth 0.219 | Return On Assets 0.0249 |
The market value of JE Cleantech Holdings is measured differently than its book value, which is the value of JCSE that is recorded on the company's balance sheet. Investors also form their own opinion of JE Cleantech's value that differs from its market value or its book value, called intrinsic value, which is JE Cleantech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JE Cleantech's market value can be influenced by many factors that don't directly affect JE Cleantech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JE Cleantech's value and its price as these two are different measures arrived at by different means. Investors typically determine if JE Cleantech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JE Cleantech'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.
JE Cleantech '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 JE Cleantech'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 JE Cleantech.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in JE Cleantech on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding JE Cleantech Holdings or generate 0.0% return on investment in JE Cleantech over 30 days. JE Cleantech is related to or competes with IDEX, Watts Water, Donaldson, Gorman Rupp, Enerpac Tool, Middleby Corp, and Enpro Industries. JE Cleantech Holdings Limited, an investment holding company, designs, develops, manufactures, and sells cleaning system... More
JE Cleantech 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 JE Cleantech'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 JE Cleantech Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.5 | |||
| Information Ratio | 0.0299 | |||
| Maximum Drawdown | 91.57 | |||
| Value At Risk | (10.45) | |||
| Potential Upside | 8.27 |
JE Cleantech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JE Cleantech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JE Cleantech's standard deviation. In reality, there are many statistical measures that can use JE Cleantech historical prices to predict the future JE Cleantech's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | 0.6862 | |||
| Total Risk Alpha | (1.12) | |||
| Sortino Ratio | 0.041 | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JE Cleantech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
JE Cleantech Holdings Backtested Returns
JE Cleantech appears to be out of control, given 3 months investment horizon. JE Cleantech Holdings retains Efficiency (Sharpe Ratio) of 0.039, which attests that the entity had a 0.039% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for JE Cleantech, which you can use to evaluate the volatility of the firm. Please utilize JE Cleantech's Standard Deviation of 10.27, semi deviation of 6.78, and Market Risk Adjusted Performance of (0.18) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JE Cleantech holds a performance score of 3. The company owns a Beta (Systematic Risk) of -2.28, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning JE Cleantech are expected to decrease by larger amounts. On the other hand, during market turmoil, JE Cleantech is expected to outperform it. Please check JE Cleantech's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether JE Cleantech's current price history will revert.
Auto-correlation | 0.08 |
Virtually no predictability
JE Cleantech Holdings has virtually no predictability. Overlapping area represents the amount of predictability between JE Cleantech time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 JE Cleantech Holdings price movement. The serial correlation of 0.08 indicates that barely 8.0% of current JE Cleantech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JE Cleantech Holdings lagged returns against current returns
Autocorrelation, which is JE Cleantech 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 JE Cleantech's stock expected returns. We can calculate the autocorrelation of JE Cleantech returns to help us make a trade decision. For example, suppose you find that JE Cleantech 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 |
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JE Cleantech 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 JE Cleantech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JE Cleantech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JE Cleantech stock over time.
Current vs Lagged Prices |
| Timeline |
JE Cleantech Lagged Returns
When evaluating JE Cleantech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JE Cleantech stock have on its future price. JE Cleantech 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, JE Cleantech autocorrelation shows the relationship between JE Cleantech stock current value and its past values and can show if there is a momentum factor associated with investing in JE Cleantech Holdings.
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.When determining whether JE Cleantech Holdings is a strong investment it is important to analyze JE Cleantech's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact JE Cleantech's future performance. For an informed investment choice regarding JCSE Stock, refer to the following important reports:Check out JE Cleantech Correlation, JE Cleantech Volatility and JE Cleantech Alpha and Beta module to complement your research on JE Cleantech. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
JE Cleantech technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.