Joy Global Backtesting

JOY -- USA Stock  

USD 28.30  0.01  0.0353%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Joy Global and determine expected loss or profit from investing in Joy Global over given investment horizon. Please also check Joy Global Hype Analysis, Joy Global Correlation, Joy Global Valuation, Joy Global Volatility as well as analyze Joy Global Alpha and Beta and Joy Global Performance.
 Time Horizon     30 Days    Login   to change

Joy Global 'What if' Analysis

June 20, 2018
No Change 0.00  0.0%
In 30 days
July 20, 2018
If you would invest  0.00  in Joy Global on June 20, 2018 and sell it all today you would earn a total of 0.00 from holding Joy Global or generate 0.0% return on investment in Joy Global over 30 days. Joy Global is related to or competes with BWX Technologies, EMCOR, Manitowoc, Costco Wholesale, Raytheon, Ross Stores, and Ringcentral. Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals worldwide.

Joy Global Upside/Downside Indicators


Joy Global Market Premium Indicators

Joy Global Backtested Returns

Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Joy Global which you can use to evaluate future volatility of the corporation. Please check out Joy Global to validate if risk estimate we provide are consistent with the epected return of 0.0%. Joy Global has performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and Joy Global are completely uncorrelated. Although it is extremely important to respect Joy Global current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Joy Global technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future. Joy Global right now retains a risk of 0.0%. Please check out Joy Global Standard Deviation as well as the relationship between Value At Risk and Kurtosis to decide if Joy Global will be following its current trending patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

Joy Global has no correlation between past and present. Overlapping area represents the amount of predictability between Joy Global time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 20, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Joy Global price movement. The serial correlation of 0.0 indicates that just 0.0% of current Joy Global price fluctuation can be explain by its past prices.
Spearman Rank Test 1.0
Average Price 28.3
Lagged Average Price 28.3

Joy Global lagged returns against current returns

 Current and Lagged Values 

Joy Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Joy Global Lagged Returns

 Regressed Prices 

Current Sentiment - JOY

Joy Global Investor Sentiment
Greater number of Macroaxis users are currently bullish on Joy Global. What is your judgment towards investing in Joy Global? Are you bullish or bearish?
98% Bullish
2% Bearish

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Please also check Joy Global Hype Analysis, Joy Global Correlation, Joy Global Valuation, Joy Global Volatility as well as analyze Joy Global Alpha and Beta and Joy Global Performance. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.