STELLA-JONES INC (Germany) Market Value
| 97S Stock | EUR 47.00 1.40 2.89% |
| Symbol | STELLA-JONES |
STELLA-JONES INC '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 STELLA-JONES INC'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 STELLA-JONES INC.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in STELLA-JONES INC on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding STELLA JONES INC or generate 0.0% return on investment in STELLA-JONES INC over 90 days. STELLA-JONES INC is related to or competes with THAI BEVERAGE, Suntory Beverage, Tsingtao Brewery, CarsalesCom, SIEM OFFSHORE, United Breweries, and GRUPO CARSO-A1. Stella-Jones Inc. produces and markets pressure-treated wood products in Canada and the United States More
STELLA-JONES INC 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 STELLA-JONES INC'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 STELLA JONES INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.24 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 3.64 |
STELLA-JONES INC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STELLA-JONES INC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STELLA-JONES INC's standard deviation. In reality, there are many statistical measures that can use STELLA-JONES INC historical prices to predict the future STELLA-JONES INC's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 1.97 |
STELLA JONES INC Backtested Returns
STELLA JONES INC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of volatility over the last 3 months. STELLA JONES INC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STELLA-JONES INC's variance of 6.35, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning STELLA-JONES INC are expected to decrease at a much lower rate. During the bear market, STELLA-JONES INC is likely to outperform the market. At this point, STELLA JONES INC has a negative expected return of -0.34%. Please make sure to validate STELLA-JONES INC's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if STELLA JONES INC performance from the past will be repeated at future time.
Auto-correlation | 0.47 |
Average predictability
STELLA JONES INC has average predictability. Overlapping area represents the amount of predictability between STELLA-JONES INC time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 STELLA JONES INC price movement. The serial correlation of 0.47 indicates that about 47.0% of current STELLA-JONES INC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 25.87 |
STELLA JONES INC lagged returns against current returns
Autocorrelation, which is STELLA-JONES INC 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 STELLA-JONES INC's stock expected returns. We can calculate the autocorrelation of STELLA-JONES INC returns to help us make a trade decision. For example, suppose you find that STELLA-JONES INC 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 |
STELLA-JONES INC 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 STELLA-JONES INC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STELLA-JONES INC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STELLA-JONES INC stock over time.
Current vs Lagged Prices |
| Timeline |
STELLA-JONES INC Lagged Returns
When evaluating STELLA-JONES INC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STELLA-JONES INC stock have on its future price. STELLA-JONES INC 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, STELLA-JONES INC autocorrelation shows the relationship between STELLA-JONES INC stock current value and its past values and can show if there is a momentum factor associated with investing in STELLA JONES INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in STELLA-JONES Stock
STELLA-JONES INC financial ratios help investors to determine whether STELLA-JONES 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 STELLA-JONES with respect to the benefits of owning STELLA-JONES INC security.