Central Japan Railway Stock Market Value

CJPRY Stock  USD 12.96  0.05  0.38%   
Central Japan's market value is the price at which a share of Central Japan trades on a public exchange. It measures the collective expectations of Central Japan Railway investors about its performance. Central Japan is trading at 12.96 as of the 28th of March 2024; that is -0.38% down since the beginning of the trading day. The stock's open price was 13.01.
With this module, you can estimate the performance of a buy and hold strategy of Central Japan Railway and determine expected loss or profit from investing in Central Japan over a given investment horizon. Check out Central Japan Correlation, Central Japan Volatility and Central Japan Alpha and Beta module to complement your research on Central Japan.
Symbol

Please note, there is a significant difference between Central Japan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Japan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Japan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Central Japan '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 Central Japan'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 Central Japan.
0.00
10/05/2022
No Change 0.00  0.0 
In 1 year 5 months and 25 days
03/28/2024
0.00
If you would invest  0.00  in Central Japan on October 5, 2022 and sell it all today you would earn a total of 0.00 from holding Central Japan Railway or generate 0.0% return on investment in Central Japan over 540 days. Central Japan is related to or competes with Union Pacific, Canadian National, Canadian Pacific, CSX, Norfolk Southern, MTR Corp, and Westinghouse Air. Central Japan Railway Company engages in the railway and related businesses in Japan More

Central Japan 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 Central Japan'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 Central Japan Railway upside and downside potential and time the market with a certain degree of confidence.

Central Japan Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Japan's standard deviation. In reality, there are many statistical measures that can use Central Japan historical prices to predict the future Central Japan's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Central Japan'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.
Hype
Prediction
LowEstimatedHigh
12.0313.0113.99
Details
Intrinsic
Valuation
LowRealHigh
11.9112.8813.87
Details
Naive
Forecast
LowNextHigh
12.0713.0514.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.9313.0513.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Central Japan. Your research has to be compared to or analyzed against Central Japan's peers to derive any actionable benefits. When done correctly, Central Japan's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Central Japan Railway.

Central Japan Railway Backtested Returns

We consider Central Japan very steady. Central Japan Railway secures Sharpe Ratio (or Efficiency) of 0.0437, which signifies that the company had a 0.0437% return per unit of risk over the last 3 months. We have found thirty technical indicators for Central Japan Railway, which you can use to evaluate the volatility of the firm. Please confirm Central Japan's Downside Deviation of 0.9895, mean deviation of 0.7898, and Risk Adjusted Performance of 0.0407 to double-check if the risk estimate we provide is consistent with the expected return of 0.0432%. Central Japan has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Central Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Japan is expected to be smaller as well. Central Japan Railway right now shows a risk of 0.99%. Please confirm Central Japan Railway maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Central Japan Railway will be following its price patterns.

Auto-correlation

    
  0.28  

Poor predictability

Central Japan Railway has poor predictability. Overlapping area represents the amount of predictability between Central Japan time series from 5th of October 2022 to 2nd of July 2023 and 2nd of July 2023 to 28th of March 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 Central Japan Railway price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Central Japan price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test0.13
Residual Average0.0
Price Variance0.34

Central Japan Railway lagged returns against current returns

Autocorrelation, which is Central Japan 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 Central Japan's pink sheet expected returns. We can calculate the autocorrelation of Central Japan returns to help us make a trade decision. For example, suppose you find that Central Japan 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  

Central Japan 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 Central Japan pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Japan pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Japan pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Central Japan Lagged Returns

When evaluating Central Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Japan pink sheet have on its future price. Central Japan 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, Central Japan autocorrelation shows the relationship between Central Japan pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Central Japan Railway.
   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 Central Japan 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, Central Japan's short interest history, or implied volatility extrapolated from Central Japan options trading.

Pair Trading with Central Japan

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Central Japan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Central Japan will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Central Japan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Central Japan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Central Japan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Central Japan Railway to buy it.
The correlation of Central Japan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Central Japan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Japan Railway moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Central Japan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Central Japan Correlation, Central Japan Volatility and Central Japan Alpha and Beta module to complement your research on Central Japan.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Central Pink Sheet analysis

When running Central Japan's price analysis, check to measure Central Japan'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 Central Japan is operating at the current time. Most of Central Japan's value examination focuses on studying past and present price action to predict the probability of Central Japan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Japan's price. Additionally, you may evaluate how the addition of Central Japan to your portfolios can decrease your overall portfolio volatility.
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Central Japan 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.
A focus of Central Japan technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Central Japan trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...