JLT Mobile (Sweden) Market Value
| JLT Stock | SEK 2.76 0.08 2.82% |
| Symbol | JLT |
JLT Mobile '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 JLT Mobile'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 JLT Mobile.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in JLT Mobile on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding JLT Mobile Computers or generate 0.0% return on investment in JLT Mobile over 720 days. JLT Mobile is related to or competes with Avensia Publ, Diadrom Holding, Kentima Holding, and Nepa AB. JLT Mobile Computers AB , through its subsidiaries, develops and manufactures rugged mobile vehicle-mounted computers in... More
JLT Mobile 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 JLT Mobile'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 JLT Mobile Computers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 3.16 |
JLT Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JLT Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JLT Mobile's standard deviation. In reality, there are many statistical measures that can use JLT Mobile historical prices to predict the future JLT Mobile's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 54.14 |
JLT Mobile Computers Backtested Returns
JLT Mobile Computers holds Efficiency (Sharpe) Ratio of -0.0713, which attests that the entity had a -0.0713% return per unit of volatility over the last 3 months. JLT Mobile Computers exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JLT Mobile's risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 54.15 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.004, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JLT Mobile are expected to decrease at a much lower rate. During the bear market, JLT Mobile is likely to outperform the market. At this point, JLT Mobile Computers has a negative expected return of -0.13%. Please make sure to check out JLT Mobile's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if JLT Mobile Computers performance from the past will be repeated at future time.
Auto-correlation | 0.62 |
Good predictability
JLT Mobile Computers has good predictability. Overlapping area represents the amount of predictability between JLT Mobile time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 JLT Mobile Computers price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current JLT Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
JLT Mobile Computers lagged returns against current returns
Autocorrelation, which is JLT Mobile 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 JLT Mobile's stock expected returns. We can calculate the autocorrelation of JLT Mobile returns to help us make a trade decision. For example, suppose you find that JLT Mobile 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 |
JLT Mobile 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 JLT Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JLT Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JLT Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
JLT Mobile Lagged Returns
When evaluating JLT Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JLT Mobile stock have on its future price. JLT Mobile 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, JLT Mobile autocorrelation shows the relationship between JLT Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in JLT Mobile Computers.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for JLT Stock Analysis
When running JLT Mobile's price analysis, check to measure JLT Mobile'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 JLT Mobile is operating at the current time. Most of JLT Mobile's value examination focuses on studying past and present price action to predict the probability of JLT Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JLT Mobile's price. Additionally, you may evaluate how the addition of JLT Mobile to your portfolios can decrease your overall portfolio volatility.