JLEN Environmental (UK) Market Value
| JLEN Stock | 74.80 1.40 1.91% |
| Symbol | JLEN |
JLEN Environmental '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 JLEN Environmental'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 JLEN Environmental.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in JLEN Environmental on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding JLEN Environmental Assets or generate 0.0% return on investment in JLEN Environmental over 570 days. JLEN Environmental is related to or competes with Playtech Plc, Raytheon Technologies, Uber Technologies, Worldwide Healthcare, LPKF Laser, HCA Healthcare, and Omega Healthcare. JLEN Environmental is entity of United Kingdom More
JLEN Environmental 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 JLEN Environmental'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 JLEN Environmental Assets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 8.28 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 1.74 |
JLEN Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JLEN Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JLEN Environmental's standard deviation. In reality, there are many statistical measures that can use JLEN Environmental historical prices to predict the future JLEN Environmental's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 3.86 |
JLEN Environmental Assets Backtested Returns
JLEN Environmental Assets holds Efficiency (Sharpe) Ratio of -0.25, which attests that the entity had a -0.25% return per unit of return volatility over the last 3 months. JLEN Environmental Assets exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JLEN Environmental's Market Risk Adjusted Performance of 3.87, coefficient of variation of (434.29), and Risk Adjusted Performance of (0.17) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0809, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JLEN Environmental are expected to decrease at a much lower rate. During the bear market, JLEN Environmental is likely to outperform the market. At this point, JLEN Environmental Assets has a negative expected return of -0.33%. Please make sure to check out JLEN Environmental's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if JLEN Environmental Assets performance from the past will be repeated in the future.
Auto-correlation | 0.15 |
Insignificant predictability
JLEN Environmental Assets has insignificant predictability. Overlapping area represents the amount of predictability between JLEN Environmental time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 JLEN Environmental Assets price movement. The serial correlation of 0.15 indicates that less than 15.0% of current JLEN Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 25.86 |
JLEN Environmental Assets lagged returns against current returns
Autocorrelation, which is JLEN Environmental 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 JLEN Environmental's stock expected returns. We can calculate the autocorrelation of JLEN Environmental returns to help us make a trade decision. For example, suppose you find that JLEN Environmental 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 |
JLEN Environmental 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 JLEN Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JLEN Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JLEN Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
JLEN Environmental Lagged Returns
When evaluating JLEN Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JLEN Environmental stock have on its future price. JLEN Environmental 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, JLEN Environmental autocorrelation shows the relationship between JLEN Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in JLEN Environmental Assets.
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 JLEN Stock Analysis
When running JLEN Environmental's price analysis, check to measure JLEN Environmental'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 JLEN Environmental is operating at the current time. Most of JLEN Environmental's value examination focuses on studying past and present price action to predict the probability of JLEN Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JLEN Environmental's price. Additionally, you may evaluate how the addition of JLEN Environmental to your portfolios can decrease your overall portfolio volatility.