Jenoptik (Germany) Market Value
| JEN Stock | 21.82 0.10 0.46% |
| Symbol | Jenoptik |
Jenoptik '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 Jenoptik'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 Jenoptik.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Jenoptik on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Jenoptik AG or generate 0.0% return on investment in Jenoptik over 30 days. Jenoptik is related to or competes with NetSol Technologies, Cass Information, PKSHA TECHNOLOGY, MICRONIC MYDATA, Datang International, and UNIVMUSIC GRPADR050. More
Jenoptik 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 Jenoptik'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 Jenoptik AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 12.09 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 3.37 |
Jenoptik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jenoptik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jenoptik's standard deviation. In reality, there are many statistical measures that can use Jenoptik historical prices to predict the future Jenoptik's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jenoptik's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Jenoptik AG Backtested Returns
Jenoptik AG holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Jenoptik AG exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jenoptik's Risk Adjusted Performance of (0.09), market risk adjusted performance of (0.56), and Standard Deviation of 2.29 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jenoptik's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jenoptik is expected to be smaller as well. At this point, Jenoptik AG has a negative expected return of -0.29%. Please make sure to check out Jenoptik's potential upside, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Jenoptik AG performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Jenoptik AG has near perfect reversele predictability. Overlapping area represents the amount of predictability between Jenoptik time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Jenoptik AG price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Jenoptik price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Jenoptik AG lagged returns against current returns
Autocorrelation, which is Jenoptik 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 Jenoptik's stock expected returns. We can calculate the autocorrelation of Jenoptik returns to help us make a trade decision. For example, suppose you find that Jenoptik 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 |
Jenoptik 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 Jenoptik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jenoptik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jenoptik stock over time.
Current vs Lagged Prices |
| Timeline |
Jenoptik Lagged Returns
When evaluating Jenoptik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jenoptik stock have on its future price. Jenoptik 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, Jenoptik autocorrelation shows the relationship between Jenoptik stock current value and its past values and can show if there is a momentum factor associated with investing in Jenoptik AG.
Regressed Prices |
| Timeline |
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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 Tools for Jenoptik Stock Analysis
When running Jenoptik's price analysis, check to measure Jenoptik'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 Jenoptik is operating at the current time. Most of Jenoptik's value examination focuses on studying past and present price action to predict the probability of Jenoptik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jenoptik's price. Additionally, you may evaluate how the addition of Jenoptik to your portfolios can decrease your overall portfolio volatility.