Jd Health International Stock Market Value
| JDHIY Stock | USD 3.81 0.00 0.00% |
| Symbol | JDHIY |
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 pink sheet 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.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in JD Health on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding JD Health International or generate 0.0% return on investment in JD Health over 30 days. JD Health is related to or competes with Pennant, Encompass Health, Enhabit, Concord Medical, National HealthCare, Ensign, and InnovAge Holding. JD Health International Inc., an investment holding company, operates an online healthcare platform in the Peoples Repub... More
JD Health 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 JD Health's pink sheet 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 International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1088 | |||
| Maximum Drawdown | 19.06 |
JD Health Market Risk Indicators
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.| Risk Adjusted Performance | 0.1044 | |||
| Jensen Alpha | 0.2879 | |||
| Total Risk Alpha | 0.2096 | |||
| Treynor Ratio | (0.72) |
JD Health International Backtested Returns
JD Health appears to be slightly risky, given 3 months investment horizon. JD Health International retains Efficiency (Sharpe Ratio) of 0.13, which attests that the entity had a 0.13% return per unit of price deviation over the last 3 months. We have found sixteen technical indicators for JD Health, which you can use to evaluate the volatility of the firm. Please utilize JD Health's Market Risk Adjusted Performance of (0.71), coefficient of variation of 812.4, and Information Ratio of 0.1088 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JD Health holds a performance score of 9. The company owns a Beta (Systematic Risk) of -0.39, which attests to possible diversification benefits within a given portfolio. 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. Please check JD Health's market risk adjusted performance, treynor ratio, as well as the relationship between the Treynor Ratio and day typical price , to make a quick decision on whether JD Health's current price history will revert.
Auto-correlation | 0.00 |
No correlation between past and present
JD Health International has no correlation between past and present. Overlapping area represents the amount of predictability between JD Health time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 JD Health International price movement. The serial correlation of 0.0 indicates that just 0.0% of current JD Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JD Health International lagged returns against current returns
Autocorrelation, which is JD Health pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JD Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JD Health pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in JD Health International.
Regressed Prices |
| Timeline |
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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 JDHIY Pink Sheet Analysis
When running JD Health's price analysis, check to measure JD Health'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 JD Health is operating at the current time. Most of JD Health's value examination focuses on studying past and present price action to predict the probability of JD Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JD Health's price. Additionally, you may evaluate how the addition of JD Health to your portfolios can decrease your overall portfolio volatility.