Jd Health International Stock Market Value
| JDHIF Stock | USD 3.65 0.00 0.00% |
| Symbol | JDHIF |
JD Health '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 JD Health'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 JD Health.
| 03/15/2024 |
| 06/13/2024 |
If you would invest 0.00 in JD Health on March 15, 2024 and sell it all today you would earn a total of 0.00 from holding JD Health International or generate 0.0% return on investment in JD Health over 90 days. JD Health is related to or competes with Pennant, Encompass Health, Enhabit, Concord Medical, National HealthCare, Ensign, and InnovAge Holding. JD Health International Inc., an investment holding company, operates an online healthcare platform in the Peoples Repub... More
JD Health 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 JD Health'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 JD Health International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0362 | |||
| Maximum Drawdown | 20.46 |
JD Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JD Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JD Health's standard deviation. In reality, there are many statistical measures that can use JD Health historical prices to predict the future JD Health's volatility.| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | 0.1121 | |||
| Total Risk Alpha | 0.094 | |||
| Treynor Ratio | 0.5481 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JD Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
JD Health International Backtested Returns
We consider JD Health relatively risky. JD Health International retains Efficiency (Sharpe Ratio) of 0.0425, which attests that the entity had a 0.0425% return per unit of price deviation over the last 3 months. We have found sixteen technical indicators for JD Health, which you can use to evaluate the volatility of the firm. Please check out JD Health's Information Ratio of 0.0362, market risk adjusted performance of 0.5581, and Coefficient Of Variation of 2446.84 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. JD Health has a performance score of 3 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JD Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding JD Health is expected to be smaller as well. JD Health International today owns a risk of 3.13%. Please check out JD Health International treynor ratio, and the relationship between the standard deviation and kurtosis , to decide if JD Health International will be following its current price history.
Auto-correlation | -0.19 |
Insignificant reverse predictability
JD Health International has insignificant reverse predictability. Overlapping area represents the amount of predictability between JD Health time series from 15th of March 2024 to 29th of April 2024 and 29th of April 2024 to 13th of June 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 JD Health International price movement. The serial correlation of -0.19 indicates that over 19.0% of current JD Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
JD Health International lagged returns against current returns
Autocorrelation, which is JD Health 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 JD Health's pink sheet expected returns. We can calculate the autocorrelation of JD Health returns to help us make a trade decision. For example, suppose you find that JD Health 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 |
JD Health 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 JD Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JD Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JD Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
JD Health Lagged Returns
When evaluating JD Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JD Health pink sheet have on its future price. JD Health 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, JD Health autocorrelation shows the relationship between JD Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in JD Health International.
Regressed Prices |
| Timeline |
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Other Information on Investing in JDHIF Pink Sheet
JD Health financial ratios help investors to determine whether JDHIF Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in JDHIF with respect to the benefits of owning JD Health security.