Jackpot Digital Stock Market Value
| JJ Stock | CAD 0.07 0.01 16.67% |
| Symbol | Jackpot |
Jackpot Digital '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 Jackpot Digital'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 Jackpot Digital.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Jackpot Digital on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Jackpot Digital or generate 0.0% return on investment in Jackpot Digital over 30 days. Jackpot Digital is related to or competes with WELL Health, Constellation Software, Advent Wireless, Labrador Iron, Algoma Steel, Jamieson Wellness, and Bausch Health. Jackpot Digital Inc. develops, markets, leases, and provides electronic table games More
Jackpot Digital 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 Jackpot Digital'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 Jackpot Digital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 29.17 |
Jackpot Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jackpot Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jackpot Digital's standard deviation. In reality, there are many statistical measures that can use Jackpot Digital historical prices to predict the future Jackpot Digital's volatility.| Risk Adjusted Performance | 0.0243 | |||
| Jensen Alpha | 0.1709 | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.11) |
Jackpot Digital Backtested Returns
At this stage we consider Jackpot Stock to be out of control. Jackpot Digital holds Efficiency (Sharpe) Ratio of 0.0215, which attests that the entity had a 0.0215% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Jackpot Digital, which you can use to evaluate the volatility of the firm. Please check out Jackpot Digital's Risk Adjusted Performance of 0.0243, market risk adjusted performance of (0.1), and Standard Deviation of 4.3 to validate if the risk estimate we provide is consistent with the expected return of 0.0945%. Jackpot Digital has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jackpot Digital are expected to decrease at a much lower rate. During the bear market, Jackpot Digital is likely to outperform the market. Jackpot Digital right now retains a risk of 4.4%. Please check out Jackpot Digital information ratio and the relationship between the maximum drawdown and price action indicator , to decide if Jackpot Digital will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Jackpot Digital has no correlation between past and present. Overlapping area represents the amount of predictability between Jackpot Digital time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Jackpot Digital price movement. The serial correlation of 0.0 indicates that just 0.0% of current Jackpot Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jackpot Digital lagged returns against current returns
Autocorrelation, which is Jackpot Digital 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 Jackpot Digital's stock expected returns. We can calculate the autocorrelation of Jackpot Digital returns to help us make a trade decision. For example, suppose you find that Jackpot Digital 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 |
Jackpot Digital 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 Jackpot Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jackpot Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jackpot Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Jackpot Digital Lagged Returns
When evaluating Jackpot Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jackpot Digital stock have on its future price. Jackpot Digital 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, Jackpot Digital autocorrelation shows the relationship between Jackpot Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Jackpot Digital.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Jackpot Stock Analysis
When running Jackpot Digital's price analysis, check to measure Jackpot Digital'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 Jackpot Digital is operating at the current time. Most of Jackpot Digital's value examination focuses on studying past and present price action to predict the probability of Jackpot Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jackpot Digital's price. Additionally, you may evaluate how the addition of Jackpot Digital to your portfolios can decrease your overall portfolio volatility.