Joyy Inc Etf Market Value
| JOYY Etf | USD 59.08 0.53 0.91% |
| Symbol | JOYY |
The market value of JOYY Inc is measured differently than its book value, which is the value of JOYY that is recorded on the company's balance sheet. Investors also form their own opinion of JOYY's value that differs from its market value or its book value, called intrinsic value, which is JOYY'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 JOYY's market value can be influenced by many factors that don't directly affect JOYY'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 JOYY's value and its price as these two are different measures arrived at by different means. Investors typically determine if JOYY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JOYY'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.
JOYY '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 JOYY's etf 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 JOYY.
| 07/03/2025 |
| 10/01/2025 |
If you would invest 0.00 in JOYY on July 3, 2025 and sell it all today you would earn a total of 0.00 from holding JOYY Inc or generate 0.0% return on investment in JOYY over 90 days. JOYY is related to or competes with Weibo Corp, DouYu International, Tencent Music, Autohome, Hello, Baidu, and Yelp. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its n... More
JOYY 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 JOYY's etf 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 JOYY Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0964 | |||
| Maximum Drawdown | 12.07 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 3.88 |
JOYY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JOYY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JOYY's standard deviation. In reality, there are many statistical measures that can use JOYY historical prices to predict the future JOYY's volatility.| Risk Adjusted Performance | 0.0931 | |||
| Jensen Alpha | 0.2776 | |||
| Total Risk Alpha | 0.0149 | |||
| Sortino Ratio | 0.125 | |||
| Treynor Ratio | (1.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JOYY'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.
JOYY Inc Backtested Returns
JOYY appears to be very steady, given 3 months investment horizon. JOYY Inc holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for JOYY Inc, which you can use to evaluate the volatility of the entity. Please utilize JOYY's risk adjusted performance of 0.0931, and Market Risk Adjusted Performance of (1.79) to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JOYY are expected to decrease at a much lower rate. During the bear market, JOYY is likely to outperform the market.
Auto-correlation | -0.6 |
Good reverse predictability
JOYY Inc has good reverse predictability. Overlapping area represents the amount of predictability between JOYY time series from 3rd of July 2025 to 17th of August 2025 and 17th of August 2025 to 1st of October 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of JOYY Inc price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current JOYY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 23.89 |
JOYY Inc lagged returns against current returns
Autocorrelation, which is JOYY etf'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 JOYY's etf expected returns. We can calculate the autocorrelation of JOYY returns to help us make a trade decision. For example, suppose you find that JOYY has exhibited high autocorrelation historically, and you observe that the etf 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 |
JOYY 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 JOYY etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JOYY etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JOYY etf over time.
Current vs Lagged Prices |
| Timeline |
JOYY Lagged Returns
When evaluating JOYY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JOYY etf have on its future price. JOYY 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, JOYY autocorrelation shows the relationship between JOYY etf current value and its past values and can show if there is a momentum factor associated with investing in JOYY Inc.
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.Other Information on Investing in JOYY Etf
JOYY financial ratios help investors to determine whether JOYY Etf 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 JOYY with respect to the benefits of owning JOYY security.