Jamieson Wellness Stock Market Value
| JWEL Stock | CAD 36.60 0.69 1.92% |
| Symbol | Jamieson |
Jamieson Wellness Price To Book Ratio
Jamieson Wellness '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 Jamieson Wellness' 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 Jamieson Wellness.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Jamieson Wellness on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Jamieson Wellness or generate 0.0% return on investment in Jamieson Wellness over 30 days. Jamieson Wellness is related to or competes with Slate Grocery, Roots Corp, Aimia, Morguard Real, Tucows, GDI Integrated, and Pembina Pipeline. Jamieson Wellness Inc. develops, manufactures, distributes, sells, and markets natural health products in Canada and int... More
Jamieson Wellness 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 Jamieson Wellness' 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 Jamieson Wellness upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.053 | |||
| Maximum Drawdown | 9.35 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.54 |
Jamieson Wellness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jamieson Wellness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jamieson Wellness' standard deviation. In reality, there are many statistical measures that can use Jamieson Wellness historical prices to predict the future Jamieson Wellness' volatility.| Risk Adjusted Performance | 0.1151 | |||
| Jensen Alpha | 0.164 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0596 | |||
| Treynor Ratio | 0.723 |
Jamieson Wellness Backtested Returns
Jamieson Wellness appears to be very steady, given 3 months investment horizon. Jamieson Wellness holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jamieson Wellness, which you can use to evaluate the volatility of the firm. Please utilize Jamieson Wellness' Downside Deviation of 1.28, risk adjusted performance of 0.1151, and Market Risk Adjusted Performance of 0.733 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jamieson Wellness holds a performance score of 15. 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, Jamieson Wellness' returns are expected to increase less than the market. However, during the bear market, the loss of holding Jamieson Wellness is expected to be smaller as well. Please check Jamieson Wellness' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Jamieson Wellness' current trending patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Jamieson Wellness has good predictability. Overlapping area represents the amount of predictability between Jamieson Wellness time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Jamieson Wellness price movement. The serial correlation of 0.71 indicates that around 71.0% of current Jamieson Wellness price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Jamieson Wellness lagged returns against current returns
Autocorrelation, which is Jamieson Wellness 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 Jamieson Wellness' stock expected returns. We can calculate the autocorrelation of Jamieson Wellness returns to help us make a trade decision. For example, suppose you find that Jamieson Wellness 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 |
Jamieson Wellness 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 Jamieson Wellness stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jamieson Wellness stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jamieson Wellness stock over time.
Current vs Lagged Prices |
| Timeline |
Jamieson Wellness Lagged Returns
When evaluating Jamieson Wellness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jamieson Wellness stock have on its future price. Jamieson Wellness 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, Jamieson Wellness autocorrelation shows the relationship between Jamieson Wellness stock current value and its past values and can show if there is a momentum factor associated with investing in Jamieson Wellness.
Regressed Prices |
| Timeline |
Pair Trading with Jamieson Wellness
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Jamieson Wellness position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Jamieson Wellness will appreciate offsetting losses from the drop in the long position's value.Moving together with Jamieson Stock
Moving against Jamieson Stock
The ability to find closely correlated positions to Jamieson Wellness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jamieson Wellness when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jamieson Wellness - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jamieson Wellness to buy it.
The correlation of Jamieson Wellness is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jamieson Wellness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jamieson Wellness moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Jamieson Wellness can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Jamieson Stock
Jamieson Wellness financial ratios help investors to determine whether Jamieson 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 Jamieson with respect to the benefits of owning Jamieson Wellness security.