Jetai Inc Stock Price on March 7, 2024
| JTAIW Stock | 0.04 0.01 18.20% |
If you're considering investing in JetAI Stock, it is important to understand the factors that can impact its price. As of today, the current price of JetAI stands at 0.04, as last reported on the 29th of May, with the highest price reaching 0.05 and the lowest price hitting 0.04 during the day. JetAI is out of control given 3 months investment horizon. JetAI Inc holds Efficiency (Sharpe) Ratio of 0.0798, which attests that the entity had a 0.0798% return per unit of risk over the last 3 months. We were able to collect and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.01% are justified by taking the suggested risk. Use JetAI Inc Risk Adjusted Performance of 0.0566, market risk adjusted performance of 1.45, and Downside Deviation of 22.19 to evaluate company specific risk that cannot be diversified away.
JetAI Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
JetAI |
Sharpe Ratio = 0.0798
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| Average Returns | JTAIW | |||
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Estimated Market Risk
| 25.15 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.01 actual daily | 39 61% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average JetAI is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of JetAI by adding it to a well-diversified portfolio.
JetAI Valuation on March 7, 2024
It is possible to determine the worth of JetAI on a given historical date. On March 7, 2024 JetAI was worth 0.0511 at the beginning of the trading date compared to the closed value of 0.0501. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of JetAI stock. Still, in general, we apply an absolute valuation method to find JetAI's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of JetAI where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against JetAI's related companies.
| Open | High | Low | Close | Volume | |
| 0.05 | 0.05 | 0.05 | 0.05 | 42,105 | |
03/07/2024 | 0.05 | 0.06 | 0.05 | 0.05 | 29,534 |
| 0.06 | 0.07 | 0.05 | 0.05 | 30,430 |
| Backtest JetAI | | | JetAI History | | | JetAI Valuation | Previous | Next |
JetAI Trading Date Momentum on March 7, 2024
| On March 08 2024 JetAI Inc was traded for 0.05 at the closing time. The highest daily price throughout the period was 0.07 and the lowest price was 0.05 . The daily volume was 30.4 K. The net trading volume on 03/08/2024 did not cause price change. The trading delta at closing time to current closing price is 79.64% . |
JetAI Inc Fundamentals Correlations and Trends
By evaluating JetAI's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among JetAI's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. JetAI financial account trend analysis is a perfect complement when working with valuation or volatility modules.About JetAI Stock history
JetAI investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for JetAI is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in JetAI Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing JetAI stock prices may prove useful in developing a viable investing in JetAI
JetAI Stock Technical Analysis
JetAI technical 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, stock market cycles, or different charting patterns.
Price Boundaries
JetAI Period Price Range
Low | March 7, 2024
| High |
0.05 | 0.05 |
JetAI May 29, 2024 Market Strength
Market strength indicators help investors to evaluate how JetAI stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading JetAI shares will generate the highest return on investment. By undertsting and applying JetAI stock market strength indicators, traders can identify JetAI Inc entry and exit signals to maximize returns
JetAI Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for JetAI's price direction in advance. Along with the technical and fundamental analysis of JetAI Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of JetAI to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0566 | |||
| Jensen Alpha | 1.96 | |||
| Total Risk Alpha | 0.9275 | |||
| Sortino Ratio | 0.0889 | |||
| Treynor Ratio | 1.44 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JetAI Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for JetAI Stock analysis
When running JetAI's price analysis, check to measure JetAI'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 JetAI is operating at the current time. Most of JetAI's value examination focuses on studying past and present price action to predict the probability of JetAI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JetAI's price. Additionally, you may evaluate how the addition of JetAI to your portfolios can decrease your overall portfolio volatility.
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Is JetAI's industry 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 JetAI. If investors know JetAI 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 JetAI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of JetAI Inc is measured differently than its book value, which is the value of JetAI that is recorded on the company's balance sheet. Investors also form their own opinion of JetAI's value that differs from its market value or its book value, called intrinsic value, which is JetAI'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 JetAI's market value can be influenced by many factors that don't directly affect JetAI'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 JetAI's value and its price as these two are different measures arrived at by different means. Investors typically determine if JetAI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JetAI'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.