Just Energy Backtesting

JE -- USA Stock  

USD 1.50  0.02  1.35%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Just Energy Group and determine expected loss or profit from investing in Just Energy over given investment horizon. Please also check Just Energy Hype Analysis, Just Energy Correlation, Just Energy Valuation, Just Energy Volatility as well as analyze Just Energy Alpha and Beta and Just Energy Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Just Energy 'What if' Analysis

June 17, 2019
0.00
No Change 0.00  0.0%
In 3 months and 1 day
September 15, 2019
0.00
If you would invest  0.00  in Just Energy on June 17, 2019 and sell it all today you would earn a total of 0.00 from holding Just Energy Group or generate 0.0% return on investment in Just Energy over 90 days. Just Energy is related to or competes with Dominion Energy, FirstEnergy Corp, AES, Avista, Brookfield Infrastructure, and Black Hills. Just Energy Group Inc., through its subsidiaries, provides electricity and natural gas commodities in the United States,...

Just Energy Upside/Downside Indicators

Information Ratio(0.15)
Maximum Drawdown43.21
Value At Risk(10.61)
Potential Upside4.55

Just Energy Market Premium Indicators

Risk Adjusted Performance(0.12)
Jensen Alpha(1.14)
Total Risk Alpha(1.37)
Treynor Ratio(2.03)

Just Energy Group Backtested Returns

Macroaxis considers Just Energy to be abnormally volatile. Just Energy Group holds Efficiency (Sharpe) Ratio of -0.1597 which attests that the entity had -0.1597% of return per unit of risk over the last 3 months. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Just Energy Group exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Just Energy Risk Adjusted Performance of (0.12) and Market Risk Adjusted Performance of (2.02) to validate risk estimate we provide. The company retains Market Volatility (i.e. Beta) of 0.5511 which attests that as returns on market increase, Just Energy returns are expected to increase less than the market. However during bear market, the loss on holding Just Energy will be expected to be smaller as well. Even though it is essential to pay attention to Just Energy Group current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Just Energy Group exposes twenty-eight different technical indicators which can help you to evaluate its performance. Just Energy Group has expected return of -1.2282%. Please be advised to check out Just Energy Expected Short fall, Day Median Price and the relationship between Potential Upside and Accumulation Distribution to decide if Just Energy Group past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.09 
correlation synergy

Virtually no predictability

Just Energy Group has virtually no predictability. Overlapping area represents the amount of predictability between Just Energy time series from June 17, 2019 to August 1, 2019 and August 1, 2019 to September 15, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Just Energy Group price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Just Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.09
Spearman Rank Test-0.16
Residual Average0.0
Price Variance0.84

Just Energy Group lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Just Energy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Just Energy Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - JE

Just Energy Group Investor Sentiment

Larger part of Macroaxis users are currently bullish on Just Energy Group. What is your judgment towards investing in Just Energy Group? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please also check Just Energy Hype Analysis, Just Energy Correlation, Just Energy Valuation, Just Energy Volatility as well as analyze Just Energy Alpha and Beta and Just Energy Performance. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.
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