Jutal Offshore Oil Stock Market Value
| JUTOY Stock | USD 19.10 0.00 0.00% |
| Symbol | Jutal |
Jutal Offshore '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 Jutal Offshore'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 Jutal Offshore.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Jutal Offshore on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Jutal Offshore Oil or generate 0.0% return on investment in Jutal Offshore over 180 days. Jutal Offshore is related to or competes with China Aircraft, Iridium Communications, Nextplat Corp, Sphere Entertainment, Dave Busters, Space-Communication, and BCE. Jutal Offshore Oil Services Limited, an investment holding company, engages in the fabrication of facilities, and provis... More
Jutal Offshore 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 Jutal Offshore'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 Jutal Offshore Oil upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0868 | |||
| Maximum Drawdown | 22.77 | |||
| Potential Upside | 4.1 |
Jutal Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jutal Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jutal Offshore's standard deviation. In reality, there are many statistical measures that can use Jutal Offshore historical prices to predict the future Jutal Offshore's volatility.| Risk Adjusted Performance | 0.1132 | |||
| Jensen Alpha | 0.3163 | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 4.41 |
Jutal Offshore Oil Backtested Returns
Jutal Offshore appears to be not too volatile, given 3 months investment horizon. Jutal Offshore Oil 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. We have found eighteen technical indicators for Jutal Offshore Oil, which you can use to evaluate the volatility of the firm. Please utilize Jutal Offshore's Market Risk Adjusted Performance of 4.42, standard deviation of 2.41, and Risk Adjusted Performance of 0.1132 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jutal Offshore holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.0737, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jutal Offshore's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jutal Offshore is expected to be smaller as well. Please check Jutal Offshore's maximum drawdown and day typical price , to make a quick decision on whether Jutal Offshore's current trending patterns will revert.
Auto-correlation | -0.84 |
Excellent reverse predictability
Jutal Offshore Oil has excellent reverse predictability. Overlapping area represents the amount of predictability between Jutal Offshore time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Jutal Offshore Oil price movement. The serial correlation of -0.84 indicates that around 84.0% of current Jutal Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 1.31 |
Jutal Offshore Oil lagged returns against current returns
Autocorrelation, which is Jutal Offshore 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 Jutal Offshore's pink sheet expected returns. We can calculate the autocorrelation of Jutal Offshore returns to help us make a trade decision. For example, suppose you find that Jutal Offshore 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 |
Jutal Offshore 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 Jutal Offshore pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jutal Offshore pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jutal Offshore pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Jutal Offshore Lagged Returns
When evaluating Jutal Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jutal Offshore pink sheet have on its future price. Jutal Offshore 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, Jutal Offshore autocorrelation shows the relationship between Jutal Offshore pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Jutal Offshore Oil.
Regressed Prices |
| Timeline |
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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.Additional Tools for Jutal Pink Sheet Analysis
When running Jutal Offshore's price analysis, check to measure Jutal Offshore'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 Jutal Offshore is operating at the current time. Most of Jutal Offshore's value examination focuses on studying past and present price action to predict the probability of Jutal Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jutal Offshore's price. Additionally, you may evaluate how the addition of Jutal Offshore to your portfolios can decrease your overall portfolio volatility.