James Hardie Industries Stock Market Value
| JHX Stock | USD 31.39 5.37 14.61% |
| Symbol | James |
James Hardie Industries Price To Book Ratio
Is James Hardie'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 James Hardie. If investors know James 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 James Hardie listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.5 | Earnings Share 1.21 | Revenue Per Share 8.736 | Quarterly Revenue Growth 0.137 | Return On Assets 0.1225 |
The market value of James Hardie Industries is measured differently than its book value, which is the value of James that is recorded on the company's balance sheet. Investors also form their own opinion of James Hardie's value that differs from its market value or its book value, called intrinsic value, which is James Hardie'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 James Hardie's market value can be influenced by many factors that don't directly affect James Hardie'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 James Hardie's value and its price as these two are different measures arrived at by different means. Investors typically determine if James Hardie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, James Hardie'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.
James Hardie '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 James Hardie'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 James Hardie.
| 04/21/2024 |
| 05/21/2024 |
If you would invest 0.00 in James Hardie on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding James Hardie Industries or generate 0.0% return on investment in James Hardie over 30 days. James Hardie is related to or competes with Martin Marietta, Vulcan Materials, Summit Materials, and United States. James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement, fiber gypsum, and ceme... More
James Hardie 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 James Hardie'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 James Hardie Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.37 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.96 |
James Hardie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for James Hardie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as James Hardie's standard deviation. In reality, there are many statistical measures that can use James Hardie historical prices to predict the future James Hardie's volatility.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0413 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of James Hardie'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.
James Hardie Industries Backtested Returns
James Hardie Industries holds Efficiency (Sharpe) Ratio of -0.0964, which attests that the entity had a -0.0964% return per unit of risk over the last 3 months. James Hardie Industries exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out James Hardie's Risk Adjusted Performance of 0.021, market risk adjusted performance of 0.0513, and Downside Deviation of 1.67 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, James Hardie's returns are expected to increase less than the market. However, during the bear market, the loss of holding James Hardie is expected to be smaller as well. James Hardie Industries has an expected return of -0.23%. Please make sure to check out James Hardie maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if James Hardie Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
James Hardie Industries has modest reverse predictability. Overlapping area represents the amount of predictability between James Hardie time series from 21st of April 2024 to 6th of May 2024 and 6th of May 2024 to 21st of May 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 James Hardie Industries price movement. The serial correlation of -0.5 indicates that about 50.0% of current James Hardie price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 2.67 |
James Hardie Industries lagged returns against current returns
Autocorrelation, which is James Hardie 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 James Hardie's stock expected returns. We can calculate the autocorrelation of James Hardie returns to help us make a trade decision. For example, suppose you find that James Hardie 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 |
James Hardie 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 James Hardie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if James Hardie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in James Hardie stock over time.
Current vs Lagged Prices |
| Timeline |
James Hardie Lagged Returns
When evaluating James Hardie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of James Hardie stock have on its future price. James Hardie 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, James Hardie autocorrelation shows the relationship between James Hardie stock current value and its past values and can show if there is a momentum factor associated with investing in James Hardie Industries.
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.When determining whether James Hardie Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of James Hardie's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of James Hardie Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on James Hardie Industries Stock:Check out James Hardie Correlation, James Hardie Volatility and James Hardie Alpha and Beta module to complement your research on James Hardie. Note that the James Hardie Industries information on this page should be used as a complementary analysis to other James Hardie'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for James Stock analysis
When running James Hardie's price analysis, check to measure James Hardie'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 James Hardie is operating at the current time. Most of James Hardie's value examination focuses on studying past and present price action to predict the probability of James Hardie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move James Hardie's price. Additionally, you may evaluate how the addition of James Hardie to your portfolios can decrease your overall portfolio volatility.
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James Hardie 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.