Jourdan Resources Stock Market Value
| JORFF Stock | USD 0.02 0.0004 1.82% |
| Symbol | Jourdan |
Jourdan Resources '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 Jourdan Resources' 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 Jourdan Resources.
| 06/17/2022 |
| 06/06/2024 |
If you would invest 0.00 in Jourdan Resources on June 17, 2022 and sell it all today you would earn a total of 0.00 from holding Jourdan Resources or generate 0.0% return on investment in Jourdan Resources over 720 days. Jourdan Resources is related to or competes with IGO, Mineral Res, and Aurelia Metals. Jourdan Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of lithiu... More
Jourdan Resources 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 Jourdan Resources' 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 Jourdan Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.68 | |||
| Information Ratio | 0.0709 | |||
| Maximum Drawdown | 44.46 | |||
| Value At Risk | (13.64) | |||
| Potential Upside | 11.35 |
Jourdan Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jourdan Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jourdan Resources' standard deviation. In reality, there are many statistical measures that can use Jourdan Resources historical prices to predict the future Jourdan Resources' volatility.| Risk Adjusted Performance | 0.056 | |||
| Jensen Alpha | 0.4992 | |||
| Total Risk Alpha | 0.3317 | |||
| Sortino Ratio | 0.0478 | |||
| Treynor Ratio | 0.3196 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jourdan Resources' 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.
Jourdan Resources Backtested Returns
Jourdan Resources appears to be out of control, given 3 months investment horizon. Jourdan Resources holds Efficiency (Sharpe) Ratio of 0.0806, which attests that the entity had a 0.0806% return per unit of risk over the last 3 months. By evaluating Jourdan Resources' technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Jourdan Resources' Market Risk Adjusted Performance of 0.3296, risk adjusted performance of 0.056, and Downside Deviation of 10.68 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jourdan Resources holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 1.65, 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, Jourdan Resources will likely underperform. Please check Jourdan Resources' value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Jourdan Resources' current trending patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Jourdan Resources has below average predictability. Overlapping area represents the amount of predictability between Jourdan Resources time series from 17th of June 2022 to 12th of June 2023 and 12th of June 2023 to 6th 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 Jourdan Resources price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Jourdan Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jourdan Resources lagged returns against current returns
Autocorrelation, which is Jourdan Resources 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 Jourdan Resources' otc stock expected returns. We can calculate the autocorrelation of Jourdan Resources returns to help us make a trade decision. For example, suppose you find that Jourdan Resources 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 |
Jourdan Resources 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 Jourdan Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jourdan Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jourdan Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Jourdan Resources Lagged Returns
When evaluating Jourdan Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jourdan Resources otc stock have on its future price. Jourdan Resources 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, Jourdan Resources autocorrelation shows the relationship between Jourdan Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Jourdan Resources.
Regressed Prices |
| Timeline |
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Other Information on Investing in Jourdan OTC Stock
Jourdan Resources financial ratios help investors to determine whether Jourdan OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Jourdan with respect to the benefits of owning Jourdan Resources security.