Joann Stock Market Value

JOAN -  USA Stock  

USD 11.08  0.21  1.86%

Joann's market value is the price at which a share of Joann stock trades on a public exchange. It measures the collective expectations of Joann Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Joann Inc and determine expected loss or profit from investing in Joann over a given investment horizon. Please see Joann Hype Analysis, Joann Correlation, Joann Valuation, Joann Volatility, as well as analyze Joann Alpha and Beta and Joann Performance.
Symbol
Backtest


The market value of Joann Inc is measured differently than its book value, which is the value of Joann that is recorded on the company's balance sheet. Investors also form their own opinion of Joann's value that differs from its market value or its book value, called intrinsic value, which is Joann's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Joann's market value can be influenced by many factors that don't directly affect Joann Inc underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Joann's value and its price as these two are different measures arrived at by different means. Investors typically determine Joann value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Joann's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Joann '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 Joann'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 Joann.
0.00
09/24/2021
No Change 0.00  0.0 
In 31 days
10/24/2021
0.00
If you would invest  0.00  in Joann on September 24, 2021 and sell it all today you would earn a total of 0.00 from holding Joann Inc or generate 0.0% return on investment in Joann over 30 days. Joann is related to or competes with National Vision, and Genuine Parts. JOANN Inc. operates as a specialty retailer of sewing, and arts and crafts category products in the United States

Joann 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 Joann'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 Joann Inc upside and downside potential and time the market with a certain degree of confidence.

Joann Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Joann's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Joann's standard deviation. In reality, there are many statistical measures that can use Joann historical prices to predict the future Joann's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Joann'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. Please use the tools below to analyze the current value of Joann in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
7.4611.2114.96
Details
Intrinsic
Valuation
LowReal ValueHigh
9.0612.8116.56
Details
Naive
Forecast
LowNext ValueHigh
7.3711.1214.87
Details
8 Analysts
Consensus
LowTarget PriceHigh
11.0016.1424.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Joann. Your research has to be compared to or analyzed against Joann's peers to derive any actionable benefits. When done correctly, Joann's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Joann Inc.

Joann Inc Backtested Returns

Joann Inc holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had -0.12% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Joann Inc exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Joann market risk adjusted performance of (0.25), and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide.
The company retains a Market Volatility (i.e., Beta) of 1.7493, which attests to a somewhat significant risk relative to the market. Let's try to break down what Joann's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Joann will likely underperform. Even though it is essential to pay attention to Joann Inc current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Joann Inc exposes twenty-one different technical indicators, which can help you to evaluate its performance. Joann Inc has an expected return of -0.43%. Please be advised to check out Joann jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if Joann Inc performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.49)   

Modest reverse predictability

Joann Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Joann time series from 24th of September 2021 to 9th of October 2021 and 9th of October 2021 to 24th of October 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Joann Inc price movement. The serial correlation of -0.49 indicates that about 49.0% of current Joann price fluctuation can be explain by its past prices. Given that Joann Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Joann for similar time interval.
Correlation Coefficient-0.49
Spearman Rank Test-0.31
Residual Average0.0
Price Variance0.09

Joann Inc lagged returns against current returns

Autocorrelation, which is Joann 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 Joann's stock expected returns. We can calculate the autocorrelation of Joann returns to help us make a trade decision. For example, suppose you find that Joann stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Joann 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 Joann stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Joann stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Joann stock over time.
 Current vs Lagged Prices 
Share
      Timeline 

Joann Lagged Returns

When evaluating Joann's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Joann stock have on its future price. Joann 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, Joann autocorrelation shows the relationship between Joann stock current value and its past values and can show if there is a momentum factor associated with investing in Joann Inc.
 Regressed Prices 
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      Timeline 

Joann Investors Sentiment

The influence of Joann's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Joann. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - JOAN

Joann Inc Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Joann Inc. What is your judgment towards investing in Joann Inc? Are you bullish or bearish?
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Bearish
50% Bullish
50% Bearish
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Please see Joann Hype Analysis, Joann Correlation, Joann Valuation, Joann Volatility, as well as analyze Joann Alpha and Beta and Joann Performance. Note that the Joann Inc information on this page should be used as a complementary analysis to other Joann's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Joann Inc price analysis, check to measure Joann'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 Joann is operating at the current time. Most of Joann's value examination focuses on studying past and present price action to predict the probability of Joann's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Joann's price. Additionally, you may evaluate how the addition of Joann to your portfolios can decrease your overall portfolio volatility.
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Joann 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.
A focus of Joann technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Joann trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...