Jura Energy Stock Market Value
| JEC Stock | CAD 0.06 0.01 37.50% |
| Symbol | Jura |
Jura Energy '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 Jura Energy'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 Jura Energy.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Jura Energy on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Jura Energy or generate 0.0% return on investment in Jura Energy over 30 days. Jura Energy is related to or competes with Maple Leaf, High Liner, MTY Food, Goodfood Market, and Plaza Retail. Jura Energy Corporation, through its subsidiaries, engages in the development, exploration, and production of oil and ga... More
Jura Energy 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 Jura Energy'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 Jura Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0835 | |||
| Maximum Drawdown | 86.67 |
Jura Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jura Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jura Energy's standard deviation. In reality, there are many statistical measures that can use Jura Energy historical prices to predict the future Jura Energy's volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 0.9257 | |||
| Total Risk Alpha | 0.1914 | |||
| Treynor Ratio | 1.19 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Jura Energy'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.
Jura Energy Backtested Returns
Jura Energy is out of control given 3 months investment horizon. Jura Energy holds Efficiency (Sharpe) Ratio of 0.0913, which attests that the entity had a 0.0913% return per unit of risk over the last 3 months. We were able to interpolate twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Jura Energy Standard Deviation of 10.98, risk adjusted performance of 0.0664, and Market Risk Adjusted Performance of 1.2 to evaluate company specific risk that cannot be diversified away. Jura Energy holds a performance score of 7 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jura Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jura Energy is expected to be smaller as well. Use Jura Energy kurtosis, as well as the relationship between the rate of daily change and price action indicator , to analyze future returns on Jura Energy.
Auto-correlation | 0.00 |
No correlation between past and present
Jura Energy has no correlation between past and present. Overlapping area represents the amount of predictability between Jura Energy time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Jura Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current Jura Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jura Energy lagged returns against current returns
Autocorrelation, which is Jura Energy 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 Jura Energy's stock expected returns. We can calculate the autocorrelation of Jura Energy returns to help us make a trade decision. For example, suppose you find that Jura Energy 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 |
Jura Energy 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 Jura Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jura Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jura Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Jura Energy Lagged Returns
When evaluating Jura Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jura Energy stock have on its future price. Jura Energy 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, Jura Energy autocorrelation shows the relationship between Jura Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Jura Energy.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Jura Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Jura Energy's short interest history, or implied volatility extrapolated from Jura Energy options trading.
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Complementary Tools for Jura Stock analysis
When running Jura Energy's price analysis, check to measure Jura Energy'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 Jura Energy is operating at the current time. Most of Jura Energy's value examination focuses on studying past and present price action to predict the probability of Jura Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jura Energy's price. Additionally, you may evaluate how the addition of Jura Energy to your portfolios can decrease your overall portfolio volatility.
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Jura Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.