JOHNSON SVC (Germany) Market Value
| 5K7 Stock | EUR 1.59 0.01 0.63% |
| Symbol | JOHNSON |
JOHNSON SVC '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 JOHNSON SVC'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 JOHNSON SVC.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in JOHNSON SVC on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding JOHNSON SVC LS 10 or generate 0.0% return on investment in JOHNSON SVC over 60 days. JOHNSON SVC is related to or competes with Cintas, RENTOKIL INITIAL, INPOST SA, Elis SA, PARK24, PARK24 SPONS, and RELO GROUP. Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Ki... More
JOHNSON SVC 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 JOHNSON SVC'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 JOHNSON SVC LS 10 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.07 | |||
| Value At Risk | (5.85) | |||
| Potential Upside | 4.79 |
JOHNSON SVC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JOHNSON SVC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JOHNSON SVC's standard deviation. In reality, there are many statistical measures that can use JOHNSON SVC historical prices to predict the future JOHNSON SVC's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.5123 |
JOHNSON SVC LS Backtested Returns
JOHNSON SVC LS holds Efficiency (Sharpe) Ratio of -0.068, which attests that the entity had a -0.068% return per unit of risk over the last 3 months. JOHNSON SVC LS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JOHNSON SVC's Market Risk Adjusted Performance of 0.5223, coefficient of variation of (2,376), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JOHNSON SVC are expected to decrease at a much lower rate. During the bear market, JOHNSON SVC is likely to outperform the market. At this point, JOHNSON SVC LS has a negative expected return of -0.21%. Please make sure to check out JOHNSON SVC's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if JOHNSON SVC LS performance from the past will be repeated at future time.
Auto-correlation | 0.32 |
Below average predictability
JOHNSON SVC LS 10 has below average predictability. Overlapping area represents the amount of predictability between JOHNSON SVC time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 JOHNSON SVC LS price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current JOHNSON SVC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JOHNSON SVC LS lagged returns against current returns
Autocorrelation, which is JOHNSON SVC 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 JOHNSON SVC's stock expected returns. We can calculate the autocorrelation of JOHNSON SVC returns to help us make a trade decision. For example, suppose you find that JOHNSON SVC 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 |
JOHNSON SVC 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 JOHNSON SVC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JOHNSON SVC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JOHNSON SVC stock over time.
Current vs Lagged Prices |
| Timeline |
JOHNSON SVC Lagged Returns
When evaluating JOHNSON SVC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JOHNSON SVC stock have on its future price. JOHNSON SVC 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, JOHNSON SVC autocorrelation shows the relationship between JOHNSON SVC stock current value and its past values and can show if there is a momentum factor associated with investing in JOHNSON SVC LS 10.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in JOHNSON Stock
JOHNSON SVC financial ratios help investors to determine whether JOHNSON 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 JOHNSON with respect to the benefits of owning JOHNSON SVC security.