Jewett Cameron Trading Stock Market Value
| JCTC Stock | 4.36 0.05 1.13% |
| Symbol | Jewett |
Is Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Jewett Cameron. If investors know Jewett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Jewett Cameron listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Jewett Cameron Trading is measured differently than its book value, which is the value of Jewett that is recorded on the company's balance sheet. Investors also form their own opinion of Jewett Cameron's value that differs from its market value or its book value, called intrinsic value, which is Jewett Cameron'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 Jewett Cameron's market value can be influenced by many factors that don't directly affect Jewett Cameron'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 Jewett Cameron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jewett Cameron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jewett Cameron'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.
Jewett Cameron '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 Jewett Cameron'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 Jewett Cameron.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Jewett Cameron on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Jewett Cameron Trading or generate 0.0% return on investment in Jewett Cameron over 30 days. Jewett Cameron is related to or competes with Simpson Manufacturing, West Fraser, Nature Wood, Ufp Industries, United States, and Alcoa Corp. Jewett Cameron is entity of United States More
Jewett Cameron 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 Jewett Cameron'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 Jewett Cameron Trading upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 3.04 |
Jewett Cameron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jewett Cameron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jewett Cameron's standard deviation. In reality, there are many statistical measures that can use Jewett Cameron historical prices to predict the future Jewett Cameron's volatility.| Risk Adjusted Performance | 0.0316 | |||
| Jensen Alpha | 0.0501 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4518 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jewett Cameron'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.
Jewett Cameron Trading Backtested Returns
At this point, Jewett Cameron is slightly risky. Jewett Cameron Trading holds Efficiency (Sharpe) Ratio of 1.0E-4, which attests that the entity had a 1.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jewett Cameron Trading, which you can use to evaluate the volatility of the firm. Please check out Jewett Cameron's Risk Adjusted Performance of 0.0316, downside deviation of 2.66, and Market Risk Adjusted Performance of 0.4618 to validate if the risk estimate we provide is consistent with the expected return of 3.0E-4%. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jewett Cameron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jewett Cameron is expected to be smaller as well. Jewett Cameron Trading right now retains a risk of 2.26%. Please check out Jewett Cameron skewness, and the relationship between the potential upside and rate of daily change , to decide if Jewett Cameron will be following its current trending patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Jewett Cameron Trading has good reverse predictability. Overlapping area represents the amount of predictability between Jewett Cameron time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 Jewett Cameron Trading price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Jewett Cameron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Jewett Cameron Trading lagged returns against current returns
Autocorrelation, which is Jewett Cameron 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 Jewett Cameron's stock expected returns. We can calculate the autocorrelation of Jewett Cameron returns to help us make a trade decision. For example, suppose you find that Jewett Cameron 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 |
Jewett Cameron 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 Jewett Cameron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jewett Cameron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jewett Cameron stock over time.
Current vs Lagged Prices |
| Timeline |
Jewett Cameron Lagged Returns
When evaluating Jewett Cameron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jewett Cameron stock have on its future price. Jewett Cameron 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, Jewett Cameron autocorrelation shows the relationship between Jewett Cameron stock current value and its past values and can show if there is a momentum factor associated with investing in Jewett Cameron Trading.
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 determining whether Jewett Cameron Trading offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Jewett Cameron's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Jewett Cameron Trading Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Jewett Cameron Trading Stock:Check out Jewett Cameron Correlation, Jewett Cameron Volatility and Jewett Cameron Alpha and Beta module to complement your research on Jewett Cameron. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Jewett Cameron technical 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, stock market cycles, or different charting patterns.