There are already a few solutions above, but here's the reason for the error: operator precedence. The && has higher priority than ||, therefore p && q || r is evaluated as (p && q) || r. https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Operators/Operator_precedence

And yes, one solution would be to put parentheses to enforce the evaluation you want, so

p && (q || r).

I was face same problem ..... And I got solution by using typeof()

if (typeof(value) !== 'undefined' && value != null) {
         console.log('Not Undefined and Not Null')
  } else {
         console.log('Undefined or Null')
}

You must have to use typeof() to identified undefined

The standard way to catch null and undefined simultaneously is this:

if (variable == null) {
     // do something 
}

--which is 100% equivalent to the more explicit but less concise:

if (variable === undefined || variable === null) {
     // do something 
}

When writing professional JS, it's taken for granted that type equality and the behavior of == vs === is understood. Therefore we use == and only compare to null.

Edit again

The comments suggesting the use of typeof are simply wrong. Yes, my solution above will cause a ReferenceError if the variable doesn't exist. This is a good thing. This ReferenceError is desirable: it will help you find your mistakes and fix them before you ship your code, just like compiler errors would in other languages. Use try/catch if you are working with input you don't have control over.

You should not have any references to undeclared variables in your code.

This question has two interpretations:

Check if the variable has a value
Check if the variable has a truthy value

The following answers both.

In JavaScript, a value could be nullish or not nullish, and a value could be falsy or truthy.
Nullish values are a proper subset of falsy values:

 ╭─ nullish ──────╮ ╭─ not nullish ─────────────────────────────────╮
┌───────────┬──────┬───────┬───┬────┬─────┬──────┬───┬─────────┬─────┐
│ undefined │ null │ false │ 0 │ "" │ ... │ true │ 1 │ "hello" │ ... │
└───────────┴──────┴───────┴───┴────┴─────┴──────┴───┴─────────┴─────┘
 ╰─ falsy ───────────────────────────────╯ ╰─ truthy ───────────────╯

Check if value is nullish (undefined or null)

Use one of the following depending on your coding style:

if (value == null)                         { /* value is nullish */ }
if (value === undefined || value === null) { /* value is nullish */ }
if (value == undefined)                    { /* value is nullish */ }
if ((value ?? null) === null)              { /* value is nullish */ }

Notes:

• The == operator works because it has a special case for null vs undefined comparison
• The === operator is more readable (opinion based), eqeqeq friendly and allows checking for undefined and null separately
• The first and third examples work identically, however the third one is rarely seen in production code
• The fourth example uses nullish coalescing operator to change nullish values to null for straight forward comparison

Check if value is not nullish

if (value != null)                         { /* value is not nullish, although it could be falsy */ }
if (value !== undefined && value !== null) { /* value is not nullish, although it could be falsy */ }
if (value != undefined)                    { /* value is not nullish, although it could be falsy */ }
if ((value ?? null) !== null)              { /* value is not nullish, although it could be falsy */ }

Check if value is falsy

Use the ! operator:

if (!value) { /* value is falsy */ }

Check if value is truthy

if (value) { /* value is truthy */ }

Data validation

The nullish, falsy and truthy checks cannot be used for data validation on their own. For example, 0 (falsy) is valid age of a person and -1 (truthy) is not. Additional logic needs to be added on case-by-case basis. Some examples:

/*
 * check if value is greater than/equal to 0
 * note that we cannot use truthy check here because 0 must be allowed
 */
[null, -1, 0, 1].forEach(num => {
  if (num != null && num >= 0) {
    console.log("%o is not nullish and greater than/equal to 0", num);
  } else {
    console.log("%o is bad", num);
  }
});

/*
 * check if value is not empty-or-whitespace string
 */
[null, "", " ", "hello"].forEach(str => {
  if (str && /\S/.test(str)) {
    console.log("%o is truthy and has non-whitespace characters", str);
  } else {
    console.log("%o is bad", str);
  }
});

/*
 * check if value is not an empty array
 * check for truthy before checking the length property
 */
[null, [], [1]].forEach(arr => {
  if (arr && arr.length) {
    console.log("%o is truthy and has one or more items", arr);
  } else {
    console.log("%o is bad", arr);
  }
});

/*
 * check if value is not an empty array
 * using optional chaining operator to make sure that the value is not nullish
 */
[null, [], [1]].forEach(arr => {
  if (arr?.length) {
    console.log("%o is not nullish and has one or more items", arr);
  } else {
    console.log("%o is bad", arr);
  }
});

You could be explicit and do the following...

// Check specifically for null or undefined
if(financialPerformance === null || financialPerformance === undefined) {
            // Code...
}

// Checking for zero, could be returned ( not sure on your data )
if(financialPerformance === 0 || financialPerformance) {
             // Code...
}

• In simple function you do it simply by if statement.

if(typeof x !=='undefined' && typeof x.item !=='undefined'){

}

• in JSX you do it in this way.

render(){
return(
          <div>
          (typeof x !=='undefined' && typeof x.item !=='undefined')?
                <div>success</div>:           
                <div>fail</div>
          </div>
          )
}

<script src="https://cdnjs.cloudflare.com/ajax/libs/react/15.1.0/react.min.js"></script>
<script src="https://cdnjs.cloudflare.com/ajax/libs/react/15.1.0/react-dom.min.js"></script>