Jx Luxventure Limited Stock Market Value
| JXJT Stock | USD 1.16 0.14 10.77% |
| Symbol | JXJT |
Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JX Luxventure. If investors know JXJT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JX Luxventure listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.48 | Revenue Per Share 5.251 | Quarterly Revenue Growth (0.64) | Return On Assets 0.0998 | Return On Equity 0.2215 |
The market value of JX Luxventure Limited is measured differently than its book value, which is the value of JXJT that is recorded on the company's balance sheet. Investors also form their own opinion of JX Luxventure's value that differs from its market value or its book value, called intrinsic value, which is JX Luxventure's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JX Luxventure's market value can be influenced by many factors that don't directly affect JX Luxventure's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JX Luxventure's value and its price as these two are different measures arrived at by different means. Investors typically determine if JX Luxventure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JX Luxventure'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.
JX Luxventure '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 JX Luxventure's 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 JX Luxventure.
| 03/10/2024 |
| 06/08/2024 |
If you would invest 0.00 in JX Luxventure on March 10, 2024 and sell it all today you would earn a total of 0.00 from holding JX Luxventure Limited or generate 0.0% return on investment in JX Luxventure over 90 days. JX Luxventure is related to or competes with Escalade Incorporated, JAKKS Pacific, Clarus Corp, Cedar Fair, Vista Outdoor, Hasbro, and Bowlero Corp. JX Luxventure Limited, a casual menswear company, designs, develops, markets, and sells fashion menswear products in the... More
JX Luxventure 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 JX Luxventure's 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 JX Luxventure Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 43.6 | |||
| Value At Risk | (7.46) | |||
| Potential Upside | 6.35 |
JX Luxventure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JX Luxventure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JX Luxventure's standard deviation. In reality, there are many statistical measures that can use JX Luxventure historical prices to predict the future JX Luxventure's volatility.| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JX Luxventure'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.
JX Luxventure Limited Backtested Returns
JX Luxventure Limited retains Efficiency (Sharpe Ratio) of -0.002, which attests that the entity had a -0.002% return per unit of price deviation over the last 3 months. JX Luxventure exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JX Luxventure's Market Risk Adjusted Performance of (0.06), information ratio of (0.02), and Coefficient Of Variation of (7,831) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.2, 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, JX Luxventure will likely underperform. At this point, JX Luxventure Limited has a negative expected return of -0.0122%. Please make sure to check out JX Luxventure's total risk alpha, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if JX Luxventure Limited performance from the past will be repeated sooner or later.
Auto-correlation | -0.52 |
Good reverse predictability
JX Luxventure Limited has good reverse predictability. Overlapping area represents the amount of predictability between JX Luxventure time series from 10th of March 2024 to 24th of April 2024 and 24th of April 2024 to 8th 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 JX Luxventure Limited price movement. The serial correlation of -0.52 indicates that about 52.0% of current JX Luxventure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
JX Luxventure Limited lagged returns against current returns
Autocorrelation, which is JX Luxventure 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 JX Luxventure's stock expected returns. We can calculate the autocorrelation of JX Luxventure returns to help us make a trade decision. For example, suppose you find that JX Luxventure has exhibited high autocorrelation historically, and you observe that the 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 |
JX Luxventure 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 JX Luxventure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JX Luxventure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JX Luxventure stock over time.
Current vs Lagged Prices |
| Timeline |
JX Luxventure Lagged Returns
When evaluating JX Luxventure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JX Luxventure stock have on its future price. JX Luxventure 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, JX Luxventure autocorrelation shows the relationship between JX Luxventure stock current value and its past values and can show if there is a momentum factor associated with investing in JX Luxventure Limited.
Regressed Prices |
| Timeline |
Pair Trading with JX Luxventure
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 JX Luxventure 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 JX Luxventure will appreciate offsetting losses from the drop in the long position's value.Moving against JXJT Stock
| 0.61 | GIL | Gildan Activewear | PairCorr |
| 0.5 | RL | Ralph Lauren Corp | PairCorr |
| 0.5 | LTH | Life Time Group | PairCorr |
| 0.46 | DOGZ | Dogness International Trending | PairCorr |
The ability to find closely correlated positions to JX Luxventure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JX Luxventure 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 JX Luxventure - 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 JX Luxventure Limited to buy it.
The correlation of JX Luxventure 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 JX Luxventure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JX Luxventure Limited 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 JX Luxventure 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.Additional Tools for JXJT Stock Analysis
When running JX Luxventure's price analysis, check to measure JX Luxventure'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 JX Luxventure is operating at the current time. Most of JX Luxventure's value examination focuses on studying past and present price action to predict the probability of JX Luxventure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JX Luxventure's price. Additionally, you may evaluate how the addition of JX Luxventure to your portfolios can decrease your overall portfolio volatility.