JonDeTech Sensors (Sweden) Market Value
| JDT Stock | 2.34 0.06 2.50% |
| Symbol | JonDeTech |
JonDeTech Sensors '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 JonDeTech Sensors' 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 JonDeTech Sensors.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in JonDeTech Sensors on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding JonDeTech Sensors or generate 0.0% return on investment in JonDeTech Sensors over 720 days. JonDeTech Sensors is related to or competes with Ranplan, and Divio Technologies. More
JonDeTech Sensors 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 JonDeTech Sensors' 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 JonDeTech Sensors upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 29.96 | |||
| Value At Risk | (9.79) | |||
| Potential Upside | 7.95 |
JonDeTech Sensors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JonDeTech Sensors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JonDeTech Sensors' standard deviation. In reality, there are many statistical measures that can use JonDeTech Sensors historical prices to predict the future JonDeTech Sensors' volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (1.24) | |||
| Total Risk Alpha | (1.87) | |||
| Treynor Ratio | (24.27) |
JonDeTech Sensors Backtested Returns
JonDeTech Sensors holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. JonDeTech Sensors exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JonDeTech Sensors' Risk Adjusted Performance of (0.16), standard deviation of 5.6, and Market Risk Adjusted Performance of (24.26) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0508, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JonDeTech Sensors' returns are expected to increase less than the market. However, during the bear market, the loss of holding JonDeTech Sensors is expected to be smaller as well. At this point, JonDeTech Sensors has a negative expected return of -0.96%. Please make sure to check out JonDeTech Sensors' potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if JonDeTech Sensors performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
JonDeTech Sensors has insignificant reverse predictability. Overlapping area represents the amount of predictability between JonDeTech Sensors time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 JonDeTech Sensors price movement. The serial correlation of -0.12 indicates that less than 12.0% of current JonDeTech Sensors price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
JonDeTech Sensors lagged returns against current returns
Autocorrelation, which is JonDeTech Sensors 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 JonDeTech Sensors' stock expected returns. We can calculate the autocorrelation of JonDeTech Sensors returns to help us make a trade decision. For example, suppose you find that JonDeTech Sensors 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 |
JonDeTech Sensors 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 JonDeTech Sensors stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JonDeTech Sensors stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JonDeTech Sensors stock over time.
Current vs Lagged Prices |
| Timeline |
JonDeTech Sensors Lagged Returns
When evaluating JonDeTech Sensors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JonDeTech Sensors stock have on its future price. JonDeTech Sensors 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, JonDeTech Sensors autocorrelation shows the relationship between JonDeTech Sensors stock current value and its past values and can show if there is a momentum factor associated with investing in JonDeTech Sensors.
Regressed Prices |
| Timeline |
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Additional Tools for JonDeTech Stock Analysis
When running JonDeTech Sensors' price analysis, check to measure JonDeTech Sensors' 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 JonDeTech Sensors is operating at the current time. Most of JonDeTech Sensors' value examination focuses on studying past and present price action to predict the probability of JonDeTech Sensors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JonDeTech Sensors' price. Additionally, you may evaluate how the addition of JonDeTech Sensors to your portfolios can decrease your overall portfolio volatility.