Jbs Sa Stock Market Value
| JBSAY Stock | USD 11.06 0.07 0.63% |
| Symbol | JBS |
JBS SA '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 JBS SA's otc stock 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 JBS SA.
| 05/03/2024 |
| 06/02/2024 |
If you would invest 0.00 in JBS SA on May 3, 2024 and sell it all today you would earn a total of 0.00 from holding JBS SA or generate 0.0% return on investment in JBS SA over 30 days. JBS SA is related to or competes with BRF SA, Pilgrims Pride, John B, Seneca Foods, Bridgford Foods, Central Garden, and Bellring Brands. JBS S.A., a food company, processes and trades in animal protein worldwide More
JBS SA 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 JBS SA's otc stock 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 JBS SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.1311 | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 4.44 |
JBS SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JBS SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JBS SA's standard deviation. In reality, there are many statistical measures that can use JBS SA historical prices to predict the future JBS SA's volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 0.3026 | |||
| Total Risk Alpha | 0.199 | |||
| Sortino Ratio | 0.1631 | |||
| Treynor Ratio | 0.5665 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JBS SA'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.
JBS SA Backtested Returns
JBS SA appears to be not too volatile, given 3 months investment horizon. JBS SA holds Efficiency (Sharpe) Ratio of 0.15, which attests that the company had a 0.15% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for JBS SA, which you can use to evaluate the volatility of the entity. Please utilize JBS SA's semi deviation of 1.42, and Market Risk Adjusted Performance of 0.5765 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JBS SA holds a performance score of 11. The firm retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JBS SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding JBS SA is expected to be smaller as well. Please check JBS SA's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether JBS SA's current trending patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
JBS SA has very good reverse predictability. Overlapping area represents the amount of predictability between JBS SA time series from 3rd of May 2024 to 18th of May 2024 and 18th of May 2024 to 2nd 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 JBS SA price movement. The serial correlation of -0.67 indicates that around 67.0% of current JBS SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
JBS SA lagged returns against current returns
Autocorrelation, which is JBS SA otc stock'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 JBS SA's otc stock expected returns. We can calculate the autocorrelation of JBS SA returns to help us make a trade decision. For example, suppose you find that JBS SA has exhibited high autocorrelation historically, and you observe that the otc stock 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 |
JBS SA 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 JBS SA otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JBS SA otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JBS SA otc stock over time.
Current vs Lagged Prices |
| Timeline |
JBS SA Lagged Returns
When evaluating JBS SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JBS SA otc stock have on its future price. JBS SA 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, JBS SA autocorrelation shows the relationship between JBS SA otc stock current value and its past values and can show if there is a momentum factor associated with investing in JBS SA.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out JBS SA Correlation, JBS SA Volatility and JBS SA Alpha and Beta module to complement your research on JBS SA. Note that the JBS SA information on this page should be used as a complementary analysis to other JBS SA'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for JBS OTC Stock analysis
When running JBS SA's price analysis, check to measure JBS SA'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 JBS SA is operating at the current time. Most of JBS SA's value examination focuses on studying past and present price action to predict the probability of JBS SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JBS SA's price. Additionally, you may evaluate how the addition of JBS SA to your portfolios can decrease your overall portfolio volatility.
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JBS SA technical otc stock 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, otc market cycles, or different charting patterns.