SMUCKER J M Market Value
| 832696AP3 | 87.58 1.25 1.45% |
| Symbol | SMUCKER |
SMUCKER '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 SMUCKER's bond 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 SMUCKER.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in SMUCKER on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding SMUCKER J M or generate 0.0% return on investment in SMUCKER over 540 days. SMUCKER is related to or competes with Western Digital, Mativ Holdings, ServiceNow, Hawkins, Ecovyst, NL Industries, and Codexis. More
SMUCKER 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 SMUCKER's bond 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 SMUCKER J M upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.918 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.41 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.5 |
SMUCKER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SMUCKER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SMUCKER's standard deviation. In reality, there are many statistical measures that can use SMUCKER historical prices to predict the future SMUCKER's volatility.| Risk Adjusted Performance | 0.0535 | |||
| Jensen Alpha | 0.0506 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 1.51 |
SMUCKER J M Backtested Returns
SMUCKER J M owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0609, which indicates the bond had a -0.0609% return per unit of standard deviation over the last 3 months. SMUCKER J M exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SMUCKER's coefficient of variation of 1489.37, and Risk Adjusted Performance of 0.0535 to confirm the risk estimate we provide. The entity has a beta of 0.0363, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SMUCKER's returns are expected to increase less than the market. However, during the bear market, the loss of holding SMUCKER is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
SMUCKER J M has modest predictability. Overlapping area represents the amount of predictability between SMUCKER time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 SMUCKER J M price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current SMUCKER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 5.59 |
SMUCKER J M lagged returns against current returns
Autocorrelation, which is SMUCKER bond'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 SMUCKER's bond expected returns. We can calculate the autocorrelation of SMUCKER returns to help us make a trade decision. For example, suppose you find that SMUCKER has exhibited high autocorrelation historically, and you observe that the bond 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 |
SMUCKER 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 SMUCKER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SMUCKER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SMUCKER bond over time.
Current vs Lagged Prices |
| Timeline |
SMUCKER Lagged Returns
When evaluating SMUCKER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SMUCKER bond have on its future price. SMUCKER 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, SMUCKER autocorrelation shows the relationship between SMUCKER bond current value and its past values and can show if there is a momentum factor associated with investing in SMUCKER J M.
Regressed Prices |
| Timeline |
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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 SMUCKER Bond
SMUCKER financial ratios help investors to determine whether SMUCKER Bond 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 SMUCKER with respect to the benefits of owning SMUCKER security.