BJs Restaurants (Germany) Market Value
| ZCG Stock | 29.60 0.40 1.37% |
| Symbol | BJs |
BJs Restaurants '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 BJs Restaurants' 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 BJs Restaurants.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in BJs Restaurants on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding BJs Restaurants or generate 0.0% return on investment in BJs Restaurants over 90 days. BJs Restaurants is related to or competes with G-III APPAREL, T-Mobile, FORTRESS BIOTECHPRFA, ORMAT TECHNOLOGIES, AAC TECHNOLOGHLDGADR, and Infrastrutture Wireless. More
BJs Restaurants 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 BJs Restaurants' 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 BJs Restaurants upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.32 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 3.53 |
BJs Restaurants Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BJs Restaurants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BJs Restaurants' standard deviation. In reality, there are many statistical measures that can use BJs Restaurants historical prices to predict the future BJs Restaurants' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | 0.0604 | |||
| Treynor Ratio | 1.9 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BJs Restaurants' 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.
BJs Restaurants Backtested Returns
BJs Restaurants secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13 % return per unit of risk over the last 3 months. BJs Restaurants exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BJs Restaurants' Standard Deviation of 2.19, risk adjusted performance of (0.08), and Mean Deviation of 1.69 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BJs Restaurants are expected to decrease at a much lower rate. During the bear market, BJs Restaurants is likely to outperform the market. At this point, BJs Restaurants has a negative expected return of -0.28%. Please make sure to confirm BJs Restaurants' kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if BJs Restaurants performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
BJs Restaurants has good reverse predictability. Overlapping area represents the amount of predictability between BJs Restaurants time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BJs Restaurants price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current BJs Restaurants price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 |
BJs Restaurants lagged returns against current returns
Autocorrelation, which is BJs Restaurants 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 BJs Restaurants' stock expected returns. We can calculate the autocorrelation of BJs Restaurants returns to help us make a trade decision. For example, suppose you find that BJs Restaurants 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 |
BJs Restaurants 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 BJs Restaurants stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BJs Restaurants stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BJs Restaurants stock over time.
Current vs Lagged Prices |
| Timeline |
BJs Restaurants Lagged Returns
When evaluating BJs Restaurants' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BJs Restaurants stock have on its future price. BJs Restaurants 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, BJs Restaurants autocorrelation shows the relationship between BJs Restaurants stock current value and its past values and can show if there is a momentum factor associated with investing in BJs Restaurants.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BJs Stock Analysis
When running BJs Restaurants' price analysis, check to measure BJs Restaurants' 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 BJs Restaurants is operating at the current time. Most of BJs Restaurants' value examination focuses on studying past and present price action to predict the probability of BJs Restaurants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BJs Restaurants' price. Additionally, you may evaluate how the addition of BJs Restaurants to your portfolios can decrease your overall portfolio volatility.