Jushi Holdings Stock Market Value
| JUSHF Stock | USD 0.87 0.21 31.82% |
| Symbol | Jushi |
Jushi Holdings '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 Jushi Holdings' 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 Jushi Holdings.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Jushi Holdings on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Jushi Holdings or generate 0.0% return on investment in Jushi Holdings over 30 days. Jushi Holdings is related to or competes with Eagle Pharmaceuticals, ANI Pharmaceuticals, Phibro Animal, Deciphera Pharmaceuticals, Prestige Brand, Alpha Teknova, and Guardion Health. Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distr... More
Jushi Holdings 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 Jushi Holdings' 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 Jushi Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.43 | |||
| Information Ratio | 0.0686 | |||
| Maximum Drawdown | 35.01 | |||
| Value At Risk | (9.46) | |||
| Potential Upside | 13.24 |
Jushi Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jushi Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jushi Holdings' standard deviation. In reality, there are many statistical measures that can use Jushi Holdings historical prices to predict the future Jushi Holdings' volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 0.4916 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0826 | |||
| Treynor Ratio | 0.3215 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jushi Holdings' 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.
Jushi Holdings Backtested Returns
We consider Jushi Holdings out of control. Jushi Holdings holds Efficiency (Sharpe) Ratio of 0.0239, which attests that the entity had a 0.0239% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jushi Holdings, which you can use to evaluate the volatility of the firm. Please check out Jushi Holdings' Downside Deviation of 6.43, market risk adjusted performance of 0.3315, and Risk Adjusted Performance of 0.0581 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Jushi Holdings has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.81, 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, Jushi Holdings will likely underperform. Jushi Holdings right now retains a risk of 7.6%. Please check out Jushi Holdings maximum drawdown and the relationship between the semi variance and day typical price , to decide if Jushi Holdings will be following its current trending patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
Jushi Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Jushi Holdings time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd 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 Jushi Holdings price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Jushi Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Jushi Holdings lagged returns against current returns
Autocorrelation, which is Jushi Holdings 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 Jushi Holdings' otc stock expected returns. We can calculate the autocorrelation of Jushi Holdings returns to help us make a trade decision. For example, suppose you find that Jushi Holdings 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 |
Jushi Holdings 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 Jushi Holdings otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jushi Holdings otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jushi Holdings otc stock over time.
Current vs Lagged Prices |
| Timeline |
Jushi Holdings Lagged Returns
When evaluating Jushi Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jushi Holdings otc stock have on its future price. Jushi Holdings 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, Jushi Holdings autocorrelation shows the relationship between Jushi Holdings otc stock current value and its past values and can show if there is a momentum factor associated with investing in Jushi Holdings.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Jushi Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Jushi Holdings' short interest history, or implied volatility extrapolated from Jushi Holdings options trading.
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Try AI Portfolio ArchitectCheck out Jushi Holdings Correlation, Jushi Holdings Volatility and Jushi Holdings Alpha and Beta module to complement your research on Jushi Holdings. Note that the Jushi Holdings information on this page should be used as a complementary analysis to other Jushi Holdings' 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Jushi OTC Stock analysis
When running Jushi Holdings' price analysis, check to measure Jushi Holdings' 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 Jushi Holdings is operating at the current time. Most of Jushi Holdings' value examination focuses on studying past and present price action to predict the probability of Jushi Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jushi Holdings' price. Additionally, you may evaluate how the addition of Jushi Holdings to your portfolios can decrease your overall portfolio volatility.
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Jushi Holdings 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.