BJs Restaurants (Germany) Market Value
| ZCG Stock | 35.40 1.80 5.36% |
| Symbol | BJs |
BJs Restaurants '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 BJs Restaurants' 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 BJs Restaurants.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in BJs Restaurants on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding BJs Restaurants or generate 0.0% return on investment in BJs Restaurants over 510 days. BJs Restaurants is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
BJs Restaurants 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 BJs Restaurants' 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 BJs Restaurants upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.0842 | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.23 |
BJs Restaurants Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BJs Restaurants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BJs Restaurants' standard deviation. In reality, there are many statistical measures that can use BJs Restaurants historical prices to predict the future BJs Restaurants' volatility.| Risk Adjusted Performance | 0.1095 | |||
| Jensen Alpha | 0.1549 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0828 | |||
| Treynor Ratio | 0.2203 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BJs Restaurants' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BJs Restaurants Backtested Returns
BJs Restaurants appears to be very steady, given 3 months investment horizon. BJs Restaurants secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BJs Restaurants, which you can use to evaluate the volatility of the firm. Please makes use of BJs Restaurants' Mean Deviation of 1.94, risk adjusted performance of 0.1095, and Downside Deviation of 2.62 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BJs Restaurants holds a performance score of 11. The firm shows a Beta (market volatility) of 1.52, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BJs Restaurants will likely underperform. Please check BJs Restaurants' value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether BJs Restaurants' price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
BJs Restaurants has insignificant reverse predictability. Overlapping area represents the amount of predictability between BJs Restaurants time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 BJs Restaurants price movement. The serial correlation of -0.15 indicates that less than 15.0% of current BJs Restaurants price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 5.67 |
BJs Restaurants lagged returns against current returns
Autocorrelation, which is BJs Restaurants 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 BJs Restaurants' stock expected returns. We can calculate the autocorrelation of BJs Restaurants returns to help us make a trade decision. For example, suppose you find that BJs Restaurants 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 |
BJs Restaurants 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 BJs Restaurants stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BJs Restaurants stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BJs Restaurants stock over time.
Current vs Lagged Prices |
| Timeline |
BJs Restaurants Lagged Returns
When evaluating BJs Restaurants' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BJs Restaurants stock have on its future price. BJs Restaurants 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, BJs Restaurants autocorrelation shows the relationship between BJs Restaurants stock current value and its past values and can show if there is a momentum factor associated with investing in BJs Restaurants.
Regressed Prices |
| Timeline |
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Additional Tools for BJs Stock Analysis
When running BJs Restaurants' price analysis, check to measure BJs Restaurants' 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 BJs Restaurants is operating at the current time. Most of BJs Restaurants' value examination focuses on studying past and present price action to predict the probability of BJs Restaurants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BJs Restaurants' price. Additionally, you may evaluate how the addition of BJs Restaurants to your portfolios can decrease your overall portfolio volatility.