JLT MOBILE (Germany) Market Value
| KM8 Stock | EUR 0.22 0.01 4.35% |
| Symbol | JLT |
JLT MOBILE '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 JLT MOBILE'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 JLT MOBILE.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in JLT MOBILE on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding JLT MOBILE PUTER or generate 0.0% return on investment in JLT MOBILE over 180 days. JLT MOBILE is related to or competes with J+J SNACK, THAI BEVERAGE, Ebro Foods, NISSIN FOODS, Cal Maine, United Natural, and LIFEWAY FOODS. More
JLT MOBILE 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 JLT MOBILE'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 JLT MOBILE PUTER upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 3.85 |
JLT MOBILE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JLT MOBILE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JLT MOBILE's standard deviation. In reality, there are many statistical measures that can use JLT MOBILE historical prices to predict the future JLT MOBILE's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.77) |
JLT MOBILE PUTER Backtested Returns
JLT MOBILE PUTER holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of volatility over the last 3 months. JLT MOBILE PUTER exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JLT MOBILE's risk adjusted performance of (0.10), and Market Risk Adjusted Performance of (0.76) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JLT MOBILE's returns are expected to increase less than the market. However, during the bear market, the loss of holding JLT MOBILE is expected to be smaller as well. At this point, JLT MOBILE PUTER has a negative expected return of -0.23%. Please make sure to check out JLT MOBILE's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if JLT MOBILE PUTER performance from the past will be repeated at future time.
Auto-correlation | 0.48 |
Average predictability
JLT MOBILE PUTER has average predictability. Overlapping area represents the amount of predictability between JLT MOBILE time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 JLT MOBILE PUTER price movement. The serial correlation of 0.48 indicates that about 48.0% of current JLT MOBILE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JLT MOBILE PUTER lagged returns against current returns
Autocorrelation, which is JLT MOBILE 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 JLT MOBILE's stock expected returns. We can calculate the autocorrelation of JLT MOBILE returns to help us make a trade decision. For example, suppose you find that JLT MOBILE 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 |
JLT MOBILE 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 JLT MOBILE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JLT MOBILE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JLT MOBILE stock over time.
Current vs Lagged Prices |
| Timeline |
JLT MOBILE Lagged Returns
When evaluating JLT MOBILE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JLT MOBILE stock have on its future price. JLT MOBILE 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, JLT MOBILE autocorrelation shows the relationship between JLT MOBILE stock current value and its past values and can show if there is a momentum factor associated with investing in JLT MOBILE PUTER.
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.Other Information on Investing in JLT Stock
JLT MOBILE financial ratios help investors to determine whether JLT 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 JLT with respect to the benefits of owning JLT MOBILE security.