JAMES HARDIE's market value is the price at which a share of JAMES HARDIE trades on a public exchange. It measures the collective expectations of JAMES HARDIE INDUSTADR1 investors about its performance. JAMES HARDIE is trading at 29.00 as of the 8th of January 2025. This is a 0.68% down since the beginning of the trading day. The stock's lowest day price was 29.0. With this module, you can estimate the performance of a buy and hold strategy of JAMES HARDIE INDUSTADR1 and determine expected loss or profit from investing in JAMES HARDIE over a given investment horizon. Check out JAMES HARDIE Correlation, JAMES HARDIE Volatility and JAMES HARDIE Alpha and Beta module to complement your research on JAMES HARDIE.
Please note, there is a significant difference between JAMES HARDIE's value and its price as these two are different measures arrived at by different means. Investors typically determine if JAMES HARDIE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JAMES HARDIE'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.
JAMES HARDIE '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 JAMES HARDIE'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 JAMES HARDIE.
0.00
12/09/2024
No Change 0.00
0.0
In 30 days
01/08/2025
0.00
If you would invest 0.00 in JAMES HARDIE on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding JAMES HARDIE INDUSTADR1 or generate 0.0% return on investment in JAMES HARDIE over 30 days. JAMES HARDIE is related to or competes with Focus Home, American Homes, OFFICE DEPOT, CAIRN HOMES, United Breweries, and THAI BEVERAGE. James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement, fiber gypsum, and ceme... More
JAMES HARDIE 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 JAMES HARDIE'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 JAMES HARDIE INDUSTADR1 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for JAMES HARDIE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JAMES HARDIE's standard deviation. In reality, there are many statistical measures that can use JAMES HARDIE historical prices to predict the future JAMES HARDIE's volatility.
JAMES HARDIE INDUSTADR1 holds Efficiency (Sharpe) Ratio of -0.0058, which attests that the company had a -0.0058% return per unit of volatility over the last 3 months. JAMES HARDIE INDUSTADR1 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JAMES HARDIE's coefficient of variation of (6,635), and Market Risk Adjusted Performance of 0.1757 to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of -0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning JAMES HARDIE are expected to decrease at a much lower rate. During the bear market, JAMES HARDIE is likely to outperform the market. At this point, JAMES HARDIE INDUSTADR1 has a negative expected return of -0.0328%. Please make sure to check out JAMES HARDIE's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if JAMES HARDIE INDUSTADR1 performance from the past will be repeated in the future.
Auto-correlation
0.48
Average predictability
JAMES HARDIE INDUSTADR1 has average predictability. Overlapping area represents the amount of predictability between JAMES HARDIE time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 JAMES HARDIE INDUSTADR1 price movement. The serial correlation of 0.48 indicates that about 48.0% of current JAMES HARDIE price fluctuation can be explain by its past prices.
Correlation Coefficient
0.48
Spearman Rank Test
0.39
Residual Average
0.0
Price Variance
0.02
JAMES HARDIE INDUSTADR1 lagged returns against current returns
Autocorrelation, which is JAMES HARDIE 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 JAMES HARDIE's stock expected returns. We can calculate the autocorrelation of JAMES HARDIE returns to help us make a trade decision. For example, suppose you find that JAMES HARDIE 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
JAMES HARDIE 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 JAMES HARDIE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JAMES HARDIE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JAMES HARDIE stock over time.
Current vs Lagged Prices
Timeline
JAMES HARDIE Lagged Returns
When evaluating JAMES HARDIE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JAMES HARDIE stock have on its future price. JAMES HARDIE 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, JAMES HARDIE autocorrelation shows the relationship between JAMES HARDIE stock current value and its past values and can show if there is a momentum factor associated with investing in JAMES HARDIE INDUSTADR1.
JAMES HARDIE financial ratios help investors to determine whether JAMES 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 JAMES with respect to the benefits of owning JAMES HARDIE security.