Jemtec Inc Stock Market Value
| JTC Stock | CAD 0.86 0.03 3.37% |
| Symbol | JEMTEC |
JEMTEC '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 JEMTEC'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 JEMTEC.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in JEMTEC on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding JEMTEC Inc or generate 0.0% return on investment in JEMTEC over 720 days. JEMTEC is related to or competes with Goodfood Market, Cogeco Communications, CVW CleanTech, Verizon Communications, Primaris Retail, Eddy Smart, and Brookfield Office. JEMTEC Inc. provides integrated technology systems for community-based corrections in Canada More
JEMTEC 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 JEMTEC'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 JEMTEC Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.16 | |||
| Information Ratio | 0.0701 | |||
| Maximum Drawdown | 27.28 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 6.17 |
JEMTEC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JEMTEC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JEMTEC's standard deviation. In reality, there are many statistical measures that can use JEMTEC historical prices to predict the future JEMTEC's volatility.| Risk Adjusted Performance | 0.0842 | |||
| Jensen Alpha | 0.3913 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0398 | |||
| Treynor Ratio | (1.31) |
JEMTEC Inc Backtested Returns
JEMTEC appears to be extremely dangerous, given 3 months investment horizon. JEMTEC Inc holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for JEMTEC Inc, which you can use to evaluate the volatility of the firm. Please utilize JEMTEC's market risk adjusted performance of (1.30), and Risk Adjusted Performance of 0.0842 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JEMTEC holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JEMTEC are expected to decrease at a much lower rate. During the bear market, JEMTEC is likely to outperform the market. Please check JEMTEC's sortino ratio and the relationship between the potential upside and day median price , to make a quick decision on whether JEMTEC's current trending patterns will revert.
Auto-correlation | -0.6 |
Good reverse predictability
JEMTEC Inc has good reverse predictability. Overlapping area represents the amount of predictability between JEMTEC time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 JEMTEC Inc price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current JEMTEC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
JEMTEC Inc lagged returns against current returns
Autocorrelation, which is JEMTEC 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 JEMTEC's stock expected returns. We can calculate the autocorrelation of JEMTEC returns to help us make a trade decision. For example, suppose you find that JEMTEC 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 |
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JEMTEC 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 JEMTEC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JEMTEC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JEMTEC stock over time.
Current vs Lagged Prices |
| Timeline |
JEMTEC Lagged Returns
When evaluating JEMTEC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JEMTEC stock have on its future price. JEMTEC 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, JEMTEC autocorrelation shows the relationship between JEMTEC stock current value and its past values and can show if there is a momentum factor associated with investing in JEMTEC Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for JEMTEC Stock Analysis
When running JEMTEC's price analysis, check to measure JEMTEC'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 JEMTEC is operating at the current time. Most of JEMTEC's value examination focuses on studying past and present price action to predict the probability of JEMTEC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JEMTEC's price. Additionally, you may evaluate how the addition of JEMTEC to your portfolios can decrease your overall portfolio volatility.