Jacquet Metal's market value is the price at which a share of Jacquet Metal trades on a public exchange. It measures the collective expectations of Jacquet Metal Service investors about its performance. Jacquet Metal is selling for under 15.03 as of the 18th of January 2025; that is 0.27% down since the beginning of the trading day. The stock's lowest day price was 15.03. With this module, you can estimate the performance of a buy and hold strategy of Jacquet Metal Service and determine expected loss or profit from investing in Jacquet Metal over a given investment horizon. Check out Jacquet Metal Correlation, Jacquet Metal Volatility and Jacquet Metal Alpha and Beta module to complement your research on Jacquet Metal.
Please note, there is a significant difference between Jacquet Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jacquet Metal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jacquet Metal'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.
Jacquet Metal '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 Jacquet Metal'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 Jacquet Metal.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Jacquet Metal'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 Jacquet Metal Service upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jacquet Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jacquet Metal's standard deviation. In reality, there are many statistical measures that can use Jacquet Metal historical prices to predict the future Jacquet Metal's volatility.
Jacquet Metal Service holds Efficiency (Sharpe) Ratio of -0.0645, which attests that the entity had a -0.0645% return per unit of risk over the last 3 months. Jacquet Metal Service exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jacquet Metal's Market Risk Adjusted Performance of 0.4219, risk adjusted performance of (0.05), and Standard Deviation of 1.9 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jacquet Metal are expected to decrease at a much lower rate. During the bear market, Jacquet Metal is likely to outperform the market. At this point, Jacquet Metal Service has a negative expected return of -0.12%. Please make sure to check out Jacquet Metal's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Jacquet Metal Service performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.63
Very good reverse predictability
Jacquet Metal Service has very good reverse predictability. Overlapping area represents the amount of predictability between Jacquet Metal time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Jacquet Metal Service price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Jacquet Metal price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.63
Spearman Rank Test
-0.58
Residual Average
0.0
Price Variance
0.33
Jacquet Metal Service lagged returns against current returns
Autocorrelation, which is Jacquet Metal 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 Jacquet Metal's stock expected returns. We can calculate the autocorrelation of Jacquet Metal returns to help us make a trade decision. For example, suppose you find that Jacquet Metal 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
Jacquet Metal 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 Jacquet Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jacquet Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jacquet Metal stock over time.
Current vs Lagged Prices
Timeline
Jacquet Metal Lagged Returns
When evaluating Jacquet Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jacquet Metal stock have on its future price. Jacquet Metal 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, Jacquet Metal autocorrelation shows the relationship between Jacquet Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Jacquet Metal Service.
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 running Jacquet Metal's price analysis, check to measure Jacquet Metal'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 Jacquet Metal is operating at the current time. Most of Jacquet Metal's value examination focuses on studying past and present price action to predict the probability of Jacquet Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jacquet Metal's price. Additionally, you may evaluate how the addition of Jacquet Metal to your portfolios can decrease your overall portfolio volatility.