Jensen (Belgium) Market Value
| JEN Stock | EUR 42.10 0.20 0.47% |
| Symbol | Jensen |
Jensen '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 Jensen'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 Jensen.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Jensen on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Jensen Group or generate 0.0% return on investment in Jensen over 30 days. Jensen is related to or competes with Tessenderlo, EVS Broadcast, Melexis NV, Sipef NV, and Van De. Jensen-Group NV, together with its subsidiaries, designs, produces, and supplies single machines, systems, and integrate... More
Jensen 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 Jensen'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 Jensen Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.75 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.21 |
Jensen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jensen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jensen's standard deviation. In reality, there are many statistical measures that can use Jensen historical prices to predict the future Jensen's volatility.| Risk Adjusted Performance | 0.0016 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.11) |
Jensen Group Backtested Returns
Jensen Group holds Efficiency (Sharpe) Ratio of -0.0045, which attests that the entity had a -0.0045% return per unit of risk over the last 3 months. Jensen Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jensen's Standard Deviation of 1.86, market risk adjusted performance of (0.10), and Risk Adjusted Performance of 0.0016 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jensen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jensen is expected to be smaller as well. At this point, Jensen Group has a negative expected return of -0.0084%. Please make sure to check out Jensen's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Jensen Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Jensen Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jensen time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Jensen Group price movement. The serial correlation of -0.18 indicates that over 18.0% of current Jensen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Jensen Group lagged returns against current returns
Autocorrelation, which is Jensen 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 Jensen's stock expected returns. We can calculate the autocorrelation of Jensen returns to help us make a trade decision. For example, suppose you find that Jensen 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 |
Jensen 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 Jensen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jensen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jensen stock over time.
Current vs Lagged Prices |
| Timeline |
Jensen Lagged Returns
When evaluating Jensen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jensen stock have on its future price. Jensen 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, Jensen autocorrelation shows the relationship between Jensen stock current value and its past values and can show if there is a momentum factor associated with investing in Jensen Group.
Regressed Prices |
| Timeline |
Pair Trading with Jensen
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Jensen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Jensen will appreciate offsetting losses from the drop in the long position's value.Moving against Jensen Stock
| 0.43 | SOF | Sofina Socit Anonyme | PairCorr |
| 0.43 | BREB | Brederode SA | PairCorr |
| 0.42 | QFG | Quest For Growth | PairCorr |
| 0.39 | DISL | Immobiliere Distri Land | PairCorr |
The ability to find closely correlated positions to Jensen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jensen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jensen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jensen Group to buy it.
The correlation of Jensen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jensen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jensen Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Jensen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Jensen Stock Analysis
When running Jensen's price analysis, check to measure Jensen'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 Jensen is operating at the current time. Most of Jensen's value examination focuses on studying past and present price action to predict the probability of Jensen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jensen's price. Additionally, you may evaluate how the addition of Jensen to your portfolios can decrease your overall portfolio volatility.