Jrsis Health Care Stock Market Value

JRSS Stock  USD 0.15  0.02  11.76%   
JRSIS Health's market value is the price at which a share of JRSIS Health trades on a public exchange. It measures the collective expectations of JRSIS Health Care investors about its performance. JRSIS Health is selling for under 0.15 as of the 24th of December 2024; that is 11.76% down since the beginning of the trading day. The stock's lowest day price was 0.15.
With this module, you can estimate the performance of a buy and hold strategy of JRSIS Health Care and determine expected loss or profit from investing in JRSIS Health over a given investment horizon. Check out JRSIS Health Correlation, JRSIS Health Volatility and JRSIS Health Alpha and Beta module to complement your research on JRSIS Health.
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Please note, there is a significant difference between JRSIS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if JRSIS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JRSIS Health'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.

JRSIS 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 JRSIS 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 JRSIS Health.
0.00
11/24/2024
No Change 0.00  0.0 
In 30 days
12/24/2024
0.00
If you would invest  0.00  in JRSIS Health on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding JRSIS Health Care or generate 0.0% return on investment in JRSIS Health over 30 days. JRSIS Health is related to or competes with Aveanna Healthcare, Acadia Healthcare, Pennant, Brookdale Senior, and American Shared. JRSIS Health Care Corporation provides a range of medical services in Harbin in the Heilongjiang Province of the Peoples... More

JRSIS 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 JRSIS 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 JRSIS Health Care upside and downside potential and time the market with a certain degree of confidence.

JRSIS Health Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for JRSIS Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JRSIS Health's standard deviation. In reality, there are many statistical measures that can use JRSIS Health historical prices to predict the future JRSIS Health's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JRSIS Health'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.
Hype
Prediction
LowEstimatedHigh
0.010.1516.03
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Intrinsic
Valuation
LowRealHigh
0.010.1416.02
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JRSIS Health Care Backtested Returns

JRSIS Health Care holds Efficiency (Sharpe) Ratio of -0.0121, which attests that the entity had a -0.0121% return per unit of volatility over the last 3 months. JRSIS Health Care exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JRSIS Health's market risk adjusted performance of (0.42) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JRSIS Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding JRSIS Health is expected to be smaller as well. At this point, JRSIS Health Care has a negative expected return of -0.19%. Please make sure to check out JRSIS Health's jensen alpha and rate of daily change , to decide if JRSIS Health Care performance from the past will be repeated at future time.

Auto-correlation

    
  -0.67  

Very good reverse predictability

JRSIS Health Care has very good reverse predictability. Overlapping area represents the amount of predictability between JRSIS Health time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 JRSIS Health Care price movement. The serial correlation of -0.67 indicates that around 67.0% of current JRSIS Health price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.72
Residual Average0.0
Price Variance0.0

JRSIS Health Care lagged returns against current returns

Autocorrelation, which is JRSIS 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 JRSIS Health's pink sheet expected returns. We can calculate the autocorrelation of JRSIS Health returns to help us make a trade decision. For example, suppose you find that JRSIS 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  

JRSIS 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 JRSIS Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JRSIS 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 JRSIS Health pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

JRSIS Health Lagged Returns

When evaluating JRSIS Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JRSIS Health pink sheet have on its future price. JRSIS 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, JRSIS Health autocorrelation shows the relationship between JRSIS Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in JRSIS Health Care.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for JRSIS Pink Sheet Analysis

When running JRSIS Health's price analysis, check to measure JRSIS 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 JRSIS Health is operating at the current time. Most of JRSIS Health's value examination focuses on studying past and present price action to predict the probability of JRSIS 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 JRSIS Health's price. Additionally, you may evaluate how the addition of JRSIS Health to your portfolios can decrease your overall portfolio volatility.