Japan Exchange Group Stock Market Value
| OSCUF Stock | USD 25.55 0.70 2.82% |
| Symbol | Japan |
Japan Exchange '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 Japan Exchange'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 Japan Exchange.
| 06/29/2023 |
| 04/24/2024 |
If you would invest 0.00 in Japan Exchange on June 29, 2023 and sell it all today you would earn a total of 0.00 from holding Japan Exchange Group or generate 0.0% return on investment in Japan Exchange over 300 days. Japan Exchange is related to or competes with TMX Group, Otc Markets, Morningstar, CME, and Moodys. Japan Exchange Group, Inc. provides and operates markets for exchange-traded financial instruments in Japan More
Japan Exchange 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 Japan Exchange'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 Japan Exchange Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.0777 | |||
| Maximum Drawdown | 13.39 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.87 |
Japan Exchange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Japan Exchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Japan Exchange's standard deviation. In reality, there are many statistical measures that can use Japan Exchange historical prices to predict the future Japan Exchange's volatility.| Risk Adjusted Performance | 0.0886 | |||
| Jensen Alpha | 0.2368 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0538 | |||
| Treynor Ratio | (1.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Japan Exchange'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.
Japan Exchange Group Backtested Returns
Japan Exchange appears to be somewhat reliable, given 3 months investment horizon. Japan Exchange Group holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Japan Exchange Group, which you can use to evaluate the volatility of the firm. Please utilize Japan Exchange's Downside Deviation of 2.55, market risk adjusted performance of (1.31), and Risk Adjusted Performance of 0.0886 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Japan Exchange holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Japan Exchange are expected to decrease at a much lower rate. During the bear market, Japan Exchange is likely to outperform the market. Please check Japan Exchange's semi variance, and the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Japan Exchange's current trending patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Japan Exchange Group has good predictability. Overlapping area represents the amount of predictability between Japan Exchange time series from 29th of June 2023 to 26th of November 2023 and 26th of November 2023 to 24th 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 Japan Exchange Group price movement. The serial correlation of 0.67 indicates that around 67.0% of current Japan Exchange price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 6.14 |
Japan Exchange Group lagged returns against current returns
Autocorrelation, which is Japan Exchange 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 Japan Exchange's pink sheet expected returns. We can calculate the autocorrelation of Japan Exchange returns to help us make a trade decision. For example, suppose you find that Japan Exchange 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 |
Japan Exchange 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 Japan Exchange pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Japan Exchange pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Japan Exchange pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Japan Exchange Lagged Returns
When evaluating Japan Exchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Japan Exchange pink sheet have on its future price. Japan Exchange 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, Japan Exchange autocorrelation shows the relationship between Japan Exchange pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Japan Exchange Group.
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 Japan Exchange 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, Japan Exchange's short interest history, or implied volatility extrapolated from Japan Exchange options trading.
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Complementary Tools for Japan Pink Sheet analysis
When running Japan Exchange's price analysis, check to measure Japan Exchange'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 Japan Exchange is operating at the current time. Most of Japan Exchange's value examination focuses on studying past and present price action to predict the probability of Japan Exchange's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Japan Exchange's price. Additionally, you may evaluate how the addition of Japan Exchange to your portfolios can decrease your overall portfolio volatility.
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Japan Exchange 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.