Jackpot Digital Stock Alpha and Beta Analysis
| JJ Stock | CAD 0.07 0.01 7.14% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Jackpot Digital. It also helps investors analyze the systematic and unsystematic risks associated with investing in Jackpot Digital over a specified time horizon. Remember, high Jackpot Digital's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Jackpot Digital's market risk premium analysis include:
Beta 0.12 | Alpha (0.04) | Risk 4.5 | Sharpe Ratio (0) | Expected Return (0.02) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Jackpot |
Jackpot Digital Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Jackpot Digital market risk premium is the additional return an investor will receive from holding Jackpot Digital long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Jackpot Digital. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Jackpot Digital's performance over market.| α | -0.04 | β | 0.12 |
Jackpot Digital expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Jackpot Digital's Buy-and-hold return. Our buy-and-hold chart shows how Jackpot Digital performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Jackpot Digital Market Price Analysis
Market price analysis indicators help investors to evaluate how Jackpot Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jackpot Digital shares will generate the highest return on investment. By understating and applying Jackpot Digital stock market price indicators, traders can identify Jackpot Digital position entry and exit signals to maximize returns.
Jackpot Digital Return and Market Media
Price Growth (%) |
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About Jackpot Digital Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Jackpot or other stocks. Alpha measures the amount that position in Jackpot Digital has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Jackpot Digital in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Jackpot Digital's short interest history, or implied volatility extrapolated from Jackpot Digital options trading.
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Additional Tools for Jackpot Stock Analysis
When running Jackpot Digital's price analysis, check to measure Jackpot Digital'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 Jackpot Digital is operating at the current time. Most of Jackpot Digital's value examination focuses on studying past and present price action to predict the probability of Jackpot Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jackpot Digital's price. Additionally, you may evaluate how the addition of Jackpot Digital to your portfolios can decrease your overall portfolio volatility.