James River Group Stock Market Value
| JRVR Stock | USD 4.71 0.08 1.73% |
| Symbol | James |
James River Group Price To Book Ratio
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of James River. If investors know James will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about James River listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.63) | Dividend Share 0.2 | Earnings Share 0.25 | Revenue Per Share 21.088 | Quarterly Revenue Growth (0.09) |
The market value of James River Group is measured differently than its book value, which is the value of James that is recorded on the company's balance sheet. Investors also form their own opinion of James River's value that differs from its market value or its book value, called intrinsic value, which is James River's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because James River's market value can be influenced by many factors that don't directly affect James River's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between James River's value and its price as these two are different measures arrived at by different means. Investors typically determine if James River is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, James River'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 River '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 River'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 River.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in James River on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding James River Group or generate 0.0% return on investment in James River over 60 days. James River is related to or competes with AMERISAFE, NMI Holdings, Investors Title, Essent, Ambac Financial, and MGIC Investment. James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the... More
James River 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 River'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 River Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 31.93 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 3.81 |
James River Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for James River's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as James River's standard deviation. In reality, there are many statistical measures that can use James River historical prices to predict the future James River's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.85) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of James River'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.
James River Group Backtested Returns
James River Group holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. James River Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out James River's Risk Adjusted Performance of (0.09), standard deviation of 4.09, and Market Risk Adjusted Performance of (0.20) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.58, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, James River will likely underperform. At this point, James River Group has a negative expected return of -0.6%. Please make sure to check out James River's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if James River Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
James River Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between James River time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 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 James River Group price movement. The serial correlation of -0.76 indicates that around 76.0% of current James River price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
James River Group lagged returns against current returns
Autocorrelation, which is James River 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 River's stock expected returns. We can calculate the autocorrelation of James River returns to help us make a trade decision. For example, suppose you find that James River 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 River 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 River stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if James River stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in James River stock over time.
Current vs Lagged Prices |
| Timeline |
James River Lagged Returns
When evaluating James River's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of James River stock have on its future price. James River 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 River autocorrelation shows the relationship between James River stock current value and its past values and can show if there is a momentum factor associated with investing in James River Group.
Regressed Prices |
| Timeline |
Pair Trading with James River
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if James River position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in James River will appreciate offsetting losses from the drop in the long position's value.Moving together with James Stock
Moving against James Stock
| 0.85 | MBI | MBIA Inc | PairCorr |
| 0.84 | ITIC | Investors Title | PairCorr |
| 0.77 | HIPO | Hippo Holdings | PairCorr |
| 0.72 | AGO | Assured Guaranty | PairCorr |
| 0.72 | AXS | AXIS Capital Holdings | PairCorr |
The ability to find closely correlated positions to James River could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace James River when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back James River - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling James River Group to buy it.
The correlation of James River is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as James River moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if James River Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for James River can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for James Stock Analysis
When running James River's price analysis, check to measure James River'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 James River is operating at the current time. Most of James River's value examination focuses on studying past and present price action to predict the probability of James River's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move James River's price. Additionally, you may evaluate how the addition of James River to your portfolios can decrease your overall portfolio volatility.