JABIL CIRCUIT (Germany) Market Value
| JBL Stock | EUR 127.15 0.90 0.71% |
| Symbol | JABIL |
JABIL CIRCUIT '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 JABIL CIRCUIT'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 JABIL CIRCUIT.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in JABIL CIRCUIT on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding JABIL CIRCUIT or generate 0.0% return on investment in JABIL CIRCUIT over 30 days. JABIL CIRCUIT is related to or competes with SANOK RUBBER, United Airlines, Southwest Airlines, AEGEAN AIRLINES, JAPAN AIRLINES, and Goodyear Tire. More
JABIL CIRCUIT 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 JABIL CIRCUIT'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 JABIL CIRCUIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.1933 | |||
| Maximum Drawdown | 15.57 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 3.36 |
JABIL CIRCUIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JABIL CIRCUIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JABIL CIRCUIT's standard deviation. In reality, there are many statistical measures that can use JABIL CIRCUIT historical prices to predict the future JABIL CIRCUIT's volatility.| Risk Adjusted Performance | 0.1823 | |||
| Jensen Alpha | 0.3666 | |||
| Total Risk Alpha | 0.2305 | |||
| Sortino Ratio | 0.3314 | |||
| Treynor Ratio | 0.374 |
JABIL CIRCUIT Backtested Returns
JABIL CIRCUIT appears to be very steady, given 3 months investment horizon. JABIL CIRCUIT retains Efficiency (Sharpe Ratio) of 0.23, which attests that the company had a 0.23% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for JABIL CIRCUIT, which you can use to evaluate the volatility of the entity. Please utilize JABIL CIRCUIT's Market Risk Adjusted Performance of 0.384, downside deviation of 1.19, and Semi Deviation of 0.7565 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JABIL CIRCUIT holds a performance score of 18. The firm owns a Beta (Systematic Risk) of 1.29, which attests to 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, JABIL CIRCUIT will likely underperform. Please check JABIL CIRCUIT's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether JABIL CIRCUIT's current price history will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
JABIL CIRCUIT has almost perfect reverse predictability. Overlapping area represents the amount of predictability between JABIL CIRCUIT time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 JABIL CIRCUIT price movement. The serial correlation of -0.78 indicates that around 78.0% of current JABIL CIRCUIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
JABIL CIRCUIT lagged returns against current returns
Autocorrelation, which is JABIL CIRCUIT 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 JABIL CIRCUIT's stock expected returns. We can calculate the autocorrelation of JABIL CIRCUIT returns to help us make a trade decision. For example, suppose you find that JABIL CIRCUIT 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 |
JABIL CIRCUIT 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 JABIL CIRCUIT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JABIL CIRCUIT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JABIL CIRCUIT stock over time.
Current vs Lagged Prices |
| Timeline |
JABIL CIRCUIT Lagged Returns
When evaluating JABIL CIRCUIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JABIL CIRCUIT stock have on its future price. JABIL CIRCUIT 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, JABIL CIRCUIT autocorrelation shows the relationship between JABIL CIRCUIT stock current value and its past values and can show if there is a momentum factor associated with investing in JABIL CIRCUIT.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Additional Information and Resources on Investing in JABIL Stock
When determining whether JABIL CIRCUIT is a strong investment it is important to analyze JABIL CIRCUIT's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact JABIL CIRCUIT's future performance. For an informed investment choice regarding JABIL Stock, refer to the following important reports:Check out JABIL CIRCUIT Correlation, JABIL CIRCUIT Volatility and JABIL CIRCUIT Alpha and Beta module to complement your research on JABIL CIRCUIT. For information on how to trade JABIL Stock refer to our How to Trade JABIL Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
JABIL CIRCUIT technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.