Joy Global Backtesting

Joy Global Inc -- 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 Inc 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

February 18, 2018
No Change 0.00  0.0%
In 31 days
March 20, 2018
If you would invest  0.00  in Joy Global on February 18, 2018 and sell it all today you would earn a total of 0.00 from holding Joy Global Inc or generate 0.0% return on investment in Joy Global over 30 days. Joy Global is related to or competes with Ampco Pittsburgh, Brunswick, Curtiss Wright, Deere, China Ming, and Newpark Resources. 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 Inc lagged returns against current returns

 Current and Lagged Values 

Joy Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Joy Global Inc 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 Inc which you can use to evaluate future volatility of the corporation. Please check out Joy Global Market Risk Adjusted Performance of 0.2272 and Risk Adjusted Performance of 0.045719 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 -0.009 which attests that as returns on market increase, returns on owning Joy Global are expected to decrease at a much smaller rate. During bear market, Joy Global is likely to outperform the market.. Although it is extremely important to respect Joy Global Inc 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 Inc technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future. Joy Global Inc 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 Inc has no correlation between past and present. Overlapping area represents the amount of predictability between Joy Global time series from February 18, 2018 to March 5, 2018 and March 5, 2018 to March 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 Inc 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

 Regressed Prices 

Joy Global Performance vs DOW

The median price of Joy Global for the period between Sun, Feb 18, 2018 and Tue, Mar 20, 2018 is 28.29 with a coefficient of variation of 77.37. The daily time series for the period is distributed with a sample standard deviation of 13.93, arithmetic mean of 18.0, and mean deviation of 13.09. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)