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
to decide if Joy Global will be following its current trending patterns.
|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|