Jackpot Digital Stock Market Value
| JPOTF Stock | USD 0.05 0.01 27.03% |
| Symbol | Jackpot |
Jackpot Digital '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 Jackpot Digital's otc 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 Jackpot Digital.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Jackpot Digital on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Jackpot Digital or generate 0.0% return on investment in Jackpot Digital over 720 days. Jackpot Digital is related to or competes with Arhaus, Floor Decor, Live Ventures, Cisco Systems, Johnson Johnson, JPMorgan Chase, and Walmart. Jackpot Digital Inc. develops, markets, and leases electronic table games More
Jackpot Digital 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 Jackpot Digital's otc 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 Jackpot Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.39 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 26.84 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 6.04 |
Jackpot Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jackpot Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jackpot Digital's standard deviation. In reality, there are many statistical measures that can use Jackpot Digital historical prices to predict the future Jackpot Digital's volatility.| Risk Adjusted Performance | 0.015 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0367 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jackpot Digital'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.
Jackpot Digital Backtested Returns
At this point, Jackpot Digital is out of control. Jackpot Digital holds Efficiency (Sharpe) Ratio of 0.0017, which attests that the entity had a 0.0017% return per unit of risk over the last 3 months. We have found thirty technical indicators for Jackpot Digital, which you can use to evaluate the volatility of the firm. Please check out Jackpot Digital's Downside Deviation of 6.39, market risk adjusted performance of 0.0467, and Risk Adjusted Performance of 0.015 to validate if the risk estimate we provide is consistent with the expected return of 0.0092%. The company retains a Market Volatility (i.e., Beta) of 0.96, which attests to possible diversification benefits within a given portfolio. Jackpot Digital returns are very sensitive to returns on the market. As the market goes up or down, Jackpot Digital is expected to follow. Jackpot Digital right now retains a risk of 5.48%. Please check out Jackpot Digital standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Jackpot Digital will be following its current trending patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Jackpot Digital has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jackpot Digital time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Jackpot Digital price movement. The serial correlation of -0.17 indicates that over 17.0% of current Jackpot Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jackpot Digital lagged returns against current returns
Autocorrelation, which is Jackpot Digital otc 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 Jackpot Digital's otc stock expected returns. We can calculate the autocorrelation of Jackpot Digital returns to help us make a trade decision. For example, suppose you find that Jackpot Digital has exhibited high autocorrelation historically, and you observe that the otc 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 |
Jackpot Digital 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 Jackpot Digital otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jackpot Digital otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jackpot Digital otc stock over time.
Current vs Lagged Prices |
| Timeline |
Jackpot Digital Lagged Returns
When evaluating Jackpot Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jackpot Digital otc stock have on its future price. Jackpot Digital 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, Jackpot Digital autocorrelation shows the relationship between Jackpot Digital otc stock current value and its past values and can show if there is a momentum factor associated with investing in Jackpot Digital.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jackpot OTC Stock
Jackpot Digital financial ratios help investors to determine whether Jackpot OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Jackpot with respect to the benefits of owning Jackpot Digital security.