Juhayna Food's market value is the price at which a share of Juhayna Food trades on a public exchange. It measures the collective expectations of Juhayna Food Industries investors about its performance. Juhayna Food is trading at 30.30 as of the 17th of December 2024. This is a 3.04 percent down since the beginning of the trading day. The stock's lowest day price was 30.06. With this module, you can estimate the performance of a buy and hold strategy of Juhayna Food Industries and determine expected loss or profit from investing in Juhayna Food over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Juhayna
Juhayna Food '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 Juhayna Food'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 Juhayna Food.
0.00
11/17/2024
No Change 0.00
0.0
In 30 days
12/17/2024
0.00
If you would invest 0.00 in Juhayna Food on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Juhayna Food Industries or generate 0.0% return on investment in Juhayna Food over 30 days.
Juhayna Food 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 Juhayna Food'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 Juhayna Food Industries 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 Juhayna Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Juhayna Food's standard deviation. In reality, there are many statistical measures that can use Juhayna Food historical prices to predict the future Juhayna Food's volatility.
Juhayna Food appears to be not too volatile, given 3 months investment horizon. Juhayna Food Industries holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. By evaluating Juhayna Food's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize Juhayna Food's Market Risk Adjusted Performance of 20.67, risk adjusted performance of 0.078, and Downside Deviation of 3.35 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Juhayna Food holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.0201, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Juhayna Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Juhayna Food is expected to be smaller as well. Please check Juhayna Food's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Juhayna Food's current trending patterns will revert.
Auto-correlation
0.72
Good predictability
Juhayna Food Industries has good predictability. Overlapping area represents the amount of predictability between Juhayna Food time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Juhayna Food Industries price movement. The serial correlation of 0.72 indicates that around 72.0% of current Juhayna Food price fluctuation can be explain by its past prices.
Correlation Coefficient
0.72
Spearman Rank Test
0.73
Residual Average
0.0
Price Variance
0.97
Juhayna Food Industries lagged returns against current returns
Autocorrelation, which is Juhayna Food 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 Juhayna Food's stock expected returns. We can calculate the autocorrelation of Juhayna Food returns to help us make a trade decision. For example, suppose you find that Juhayna Food 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
Juhayna Food 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 Juhayna Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Juhayna Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Juhayna Food stock over time.
Current vs Lagged Prices
Timeline
Juhayna Food Lagged Returns
When evaluating Juhayna Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Juhayna Food stock have on its future price. Juhayna Food 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, Juhayna Food autocorrelation shows the relationship between Juhayna Food stock current value and its past values and can show if there is a momentum factor associated with investing in Juhayna Food Industries.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.