STELLA JONES (Germany) Market Value
| 97S Stock | EUR 47.20 0.40 0.85% |
| Symbol | STELLA |
STELLA JONES '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 STELLA JONES'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 STELLA JONES.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in STELLA JONES on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding STELLA JONES INC or generate 0.0% return on investment in STELLA JONES over 30 days. STELLA JONES is related to or competes with Svenska Cellulosa, SVENSKA CELLULO, Svenska Cellulosa, Wells Fargo, UFP Industries, Rayonier, and Boise Cascade. Stella-Jones Inc. produces and markets pressure-treated wood products in Canada and the United States More
STELLA JONES 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 STELLA JONES'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 STELLA JONES INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 14.25 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 4.68 |
STELLA JONES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STELLA JONES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STELLA JONES's standard deviation. In reality, there are many statistical measures that can use STELLA JONES historical prices to predict the future STELLA JONES's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.8757 |
STELLA JONES INC Backtested Returns
STELLA JONES INC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of volatility over the last 3 months. STELLA JONES INC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STELLA JONES's variance of 6.51, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning STELLA JONES are expected to decrease at a much lower rate. During the bear market, STELLA JONES is likely to outperform the market. At this point, STELLA JONES INC has a negative expected return of -0.29%. Please make sure to validate STELLA JONES's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if STELLA JONES INC performance from the past will be repeated at future time.
Auto-correlation | -0.46 |
Modest reverse predictability
STELLA JONES INC has modest reverse predictability. Overlapping area represents the amount of predictability between STELLA JONES time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 STELLA JONES INC price movement. The serial correlation of -0.46 indicates that about 46.0% of current STELLA JONES price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
STELLA JONES INC lagged returns against current returns
Autocorrelation, which is STELLA JONES 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 STELLA JONES's stock expected returns. We can calculate the autocorrelation of STELLA JONES returns to help us make a trade decision. For example, suppose you find that STELLA JONES 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 |
STELLA JONES 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 STELLA JONES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STELLA JONES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STELLA JONES stock over time.
Current vs Lagged Prices |
| Timeline |
STELLA JONES Lagged Returns
When evaluating STELLA JONES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STELLA JONES stock have on its future price. STELLA JONES 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, STELLA JONES autocorrelation shows the relationship between STELLA JONES stock current value and its past values and can show if there is a momentum factor associated with investing in STELLA JONES INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in STELLA Stock
STELLA JONES financial ratios help investors to determine whether STELLA 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 STELLA with respect to the benefits of owning STELLA JONES security.