Jindalee Resources Limited Stock Market Value
| JNDAF Stock | USD 0.14 0.01 6.67% |
| Symbol | Jindalee |
Jindalee Resources '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 Jindalee Resources' otc 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 Jindalee Resources.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Jindalee Resources on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Jindalee Resources Limited or generate 0.0% return on investment in Jindalee Resources over 30 days. Jindalee Resources is related to or competes with Mundoro Capital, E79 Resources, Amarc Resources, Pampa Metals, Progressive Planet, Adriatic Metals, and Aurelia Metals. The company explores for gold, nickel, lithium, magnesite, iron, uranium, copper, alumina, and base metals More
Jindalee Resources 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 Jindalee Resources' otc 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 Jindalee Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.85 | |||
| Information Ratio | 0.014 | |||
| Maximum Drawdown | 111.37 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 12.5 |
Jindalee Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jindalee Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jindalee Resources' standard deviation. In reality, there are many statistical measures that can use Jindalee Resources historical prices to predict the future Jindalee Resources' volatility.| Risk Adjusted Performance | 0.0237 | |||
| Jensen Alpha | 0.1864 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0081 | |||
| Treynor Ratio | 0.5545 |
Jindalee Resources Backtested Returns
Jindalee Resources appears to be out of control, given 3 months investment horizon. Jindalee Resources holds Efficiency (Sharpe) Ratio of 0.017, which attests that the entity had a 0.017 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jindalee Resources, which you can use to evaluate the volatility of the firm. Please utilize Jindalee Resources' Market Risk Adjusted Performance of 0.5645, risk adjusted performance of 0.0237, and Downside Deviation of 20.85 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jindalee Resources holds a performance score of 1. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jindalee Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Jindalee Resources is expected to be smaller as well. Please check Jindalee Resources' semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Jindalee Resources' current trending patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Jindalee Resources Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Jindalee Resources time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd 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 Jindalee Resources price movement. The serial correlation of -0.48 indicates that about 48.0% of current Jindalee Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jindalee Resources lagged returns against current returns
Autocorrelation, which is Jindalee Resources otc 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 Jindalee Resources' otc stock expected returns. We can calculate the autocorrelation of Jindalee Resources returns to help us make a trade decision. For example, suppose you find that Jindalee Resources has exhibited high autocorrelation historically, and you observe that the otc 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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Jindalee Resources 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 Jindalee Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jindalee Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jindalee Resources otc stock over time.
Current vs Lagged Prices |
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Jindalee Resources Lagged Returns
When evaluating Jindalee Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jindalee Resources otc stock have on its future price. Jindalee Resources 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, Jindalee Resources autocorrelation shows the relationship between Jindalee Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Jindalee Resources Limited.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Jindalee OTC Stock
Jindalee Resources financial ratios help investors to determine whether Jindalee OTC 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 Jindalee with respect to the benefits of owning Jindalee Resources security.