Jade Gas (Australia) Market Value
| JGH Stock | 0.04 0 2.78% |
| Symbol | Jade |
Jade Gas '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 Jade Gas' 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 Jade Gas.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Jade Gas on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Jade Gas Holdings or generate 0.0% return on investment in Jade Gas over 60 days. Jade Gas is related to or competes with Westpac Banking, ABACUS STORAGE, IShares Global, Ridley, and Adriatic Metals. Jade Gas is entity of Australia. It is traded as Stock on AU exchange. More
Jade Gas 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 Jade Gas' 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 Jade Gas Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.22 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.26 |
Jade Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jade Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jade Gas' standard deviation. In reality, there are many statistical measures that can use Jade Gas historical prices to predict the future Jade Gas' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.86) |
Jade Gas Holdings Backtested Returns
Jade Gas Holdings holds Efficiency (Sharpe) Ratio of -0.0307, which attests that the entity had a -0.0307% return per unit of risk over the last 3 months. Jade Gas Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jade Gas' Standard Deviation of 3.66, market risk adjusted performance of (0.85), and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jade Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Jade Gas is expected to be smaller as well. At this point, Jade Gas Holdings has a negative expected return of -0.11%. Please make sure to check out Jade Gas' coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Jade Gas Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Jade Gas Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Jade Gas time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Jade Gas Holdings price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Jade Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jade Gas Holdings lagged returns against current returns
Autocorrelation, which is Jade Gas 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 Jade Gas' stock expected returns. We can calculate the autocorrelation of Jade Gas returns to help us make a trade decision. For example, suppose you find that Jade Gas 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 |
Jade Gas 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 Jade Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jade Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jade Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Jade Gas Lagged Returns
When evaluating Jade Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jade Gas stock have on its future price. Jade Gas 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, Jade Gas autocorrelation shows the relationship between Jade Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Jade Gas Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Jade Stock Analysis
When running Jade Gas' price analysis, check to measure Jade Gas' 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 Jade Gas is operating at the current time. Most of Jade Gas' value examination focuses on studying past and present price action to predict the probability of Jade Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jade Gas' price. Additionally, you may evaluate how the addition of Jade Gas to your portfolios can decrease your overall portfolio volatility.