Jetblack Corp Stock Market Value
| JTBK Stock | USD 0 0.0005 10.87% |
| Symbol | Jetblack |
Jetblack Corp '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 Jetblack Corp'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 Jetblack Corp.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Jetblack Corp on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Jetblack Corp or generate 0.0% return on investment in Jetblack Corp over 90 days. Jetblack Corp is related to or competes with First Tractor, Ag Growth, AmeraMex International, Arts Way, Buhler Industries, Textainer Group, and Austin Engineering. It is seeking strategic minority acquisitions and investments into high-growth sectors to increase assets and shareholde... More
Jetblack Corp 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 Jetblack Corp'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 Jetblack Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.45 | |||
| Information Ratio | 0.0369 | |||
| Maximum Drawdown | 97.16 | |||
| Value At Risk | (23.68) | |||
| Potential Upside | 25.81 |
Jetblack Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jetblack Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jetblack Corp's standard deviation. In reality, there are many statistical measures that can use Jetblack Corp historical prices to predict the future Jetblack Corp's volatility.| Risk Adjusted Performance | 0.0361 | |||
| Jensen Alpha | 0.5578 | |||
| Total Risk Alpha | (1.33) | |||
| Sortino Ratio | 0.032 | |||
| Treynor Ratio | 0.4685 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jetblack Corp'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.
Jetblack Corp Backtested Returns
Jetblack Corp appears to be out of control, given 3 months investment horizon. Jetblack Corp holds Efficiency (Sharpe) Ratio of 0.0571, which attests that the entity had a 0.0571% return per unit of risk over the last 3 months. By evaluating Jetblack Corp's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please utilize Jetblack Corp's Risk Adjusted Performance of 0.0361, downside deviation of 18.45, and Market Risk Adjusted Performance of 0.4785 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jetblack Corp holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 1.43, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Jetblack Corp will likely underperform. Please check Jetblack Corp's value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Jetblack Corp's current trending patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Jetblack Corp has very weak predictability. Overlapping area represents the amount of predictability between Jetblack Corp time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 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 Jetblack Corp price movement. The serial correlation of 0.17 indicates that over 17.0% of current Jetblack Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jetblack Corp lagged returns against current returns
Autocorrelation, which is Jetblack Corp 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 Jetblack Corp's pink sheet expected returns. We can calculate the autocorrelation of Jetblack Corp returns to help us make a trade decision. For example, suppose you find that Jetblack Corp 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 |
Jetblack Corp 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 Jetblack Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jetblack Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jetblack Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Jetblack Corp Lagged Returns
When evaluating Jetblack Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jetblack Corp pink sheet have on its future price. Jetblack Corp 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, Jetblack Corp autocorrelation shows the relationship between Jetblack Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Jetblack Corp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Jetblack Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Jetblack Corp's short interest history, or implied volatility extrapolated from Jetblack Corp options trading.
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Try AI Portfolio ArchitectCheck out Jetblack Corp Correlation, Jetblack Corp Volatility and Jetblack Corp Alpha and Beta module to complement your research on Jetblack Corp. Note that the Jetblack Corp information on this page should be used as a complementary analysis to other Jetblack Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Jetblack Pink Sheet analysis
When running Jetblack Corp's price analysis, check to measure Jetblack Corp'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 Jetblack Corp is operating at the current time. Most of Jetblack Corp's value examination focuses on studying past and present price action to predict the probability of Jetblack Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jetblack Corp's price. Additionally, you may evaluate how the addition of Jetblack Corp to your portfolios can decrease your overall portfolio volatility.
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Jetblack Corp technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.