J+J SNACK (Germany) Market Value
| JJ1 Stock | EUR 163.00 3.00 1.88% |
| Symbol | J+J |
J+J SNACK '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 J+J SNACK'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 J+J SNACK.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in J+J SNACK on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding JJ SNACK FOODS or generate 0.0% return on investment in J+J SNACK over 540 days. J+J SNACK is related to or competes with Danone SA, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Identiv. J J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food s... More
J+J SNACK 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 J+J SNACK'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 JJ SNACK FOODS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.69 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.88 |
J+J SNACK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for J+J SNACK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as J+J SNACK's standard deviation. In reality, there are many statistical measures that can use J+J SNACK historical prices to predict the future J+J SNACK's volatility.| Risk Adjusted Performance | 0.0944 | |||
| Jensen Alpha | 0.0569 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2426 |
JJ SNACK FOODS Backtested Returns
Currently, JJ SNACK FOODS is very steady. JJ SNACK FOODS retains Efficiency (Sharpe Ratio) of 0.12, which attests that the entity had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for J+J SNACK, which you can use to evaluate the volatility of the firm. Please check out J+J SNACK's Market Risk Adjusted Performance of 0.2526, semi deviation of 0.5539, and Standard Deviation of 0.9861 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. J+J SNACK has a performance score of 9 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, J+J SNACK's returns are expected to increase less than the market. However, during the bear market, the loss of holding J+J SNACK is expected to be smaller as well. JJ SNACK FOODS today owns a risk of 0.97%. Please check out JJ SNACK FOODS semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to decide if JJ SNACK FOODS will be following its current price history.
Auto-correlation | 0.16 |
Very weak predictability
JJ SNACK FOODS has very weak predictability. Overlapping area represents the amount of predictability between J+J SNACK time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 JJ SNACK FOODS price movement. The serial correlation of 0.16 indicates that over 16.0% of current J+J SNACK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 118.42 |
JJ SNACK FOODS lagged returns against current returns
Autocorrelation, which is J+J SNACK 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 J+J SNACK's stock expected returns. We can calculate the autocorrelation of J+J SNACK returns to help us make a trade decision. For example, suppose you find that J+J SNACK 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 |
J+J SNACK 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 J+J SNACK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if J+J SNACK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in J+J SNACK stock over time.
Current vs Lagged Prices |
| Timeline |
J+J SNACK Lagged Returns
When evaluating J+J SNACK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of J+J SNACK stock have on its future price. J+J SNACK 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, J+J SNACK autocorrelation shows the relationship between J+J SNACK stock current value and its past values and can show if there is a momentum factor associated with investing in JJ SNACK FOODS.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for J+J Stock Analysis
When running J+J SNACK's price analysis, check to measure J+J SNACK'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 J+J SNACK is operating at the current time. Most of J+J SNACK's value examination focuses on studying past and present price action to predict the probability of J+J SNACK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move J+J SNACK's price. Additionally, you may evaluate how the addition of J+J SNACK to your portfolios can decrease your overall portfolio volatility.