Joann Inc Stock Market Value
| JOAN Stock | USD 0.16 0.04 33.33% |
| Symbol | Joann |
Joann Inc Company Valuation
Is Joann's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Joann. If investors know Joann will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Joann listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.69) | Earnings Share (5.81) | Revenue Per Share 52.125 | Quarterly Revenue Growth (0.04) | Return On Assets (0.03) |
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's underlying business (such as a 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 if Joann is a good investment 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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Joann on March 25, 2024 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 Appian Corp, Okta, MongoDB, Twilio, and Trade Desk. JOANN Inc. operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United S... More
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.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 55.74 | |||
| Value At Risk | (21.43) | |||
| Potential Upside | 13.52 |
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.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (1.17) | |||
| Total Risk Alpha | (2.35) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Joann Inc Backtested Returns
Joann Inc holds Efficiency (Sharpe) Ratio of -0.0785, which attests that the entity had a -0.0785% return per unit of risk over the last 3 months. Joann Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Joann's Risk Adjusted Performance of (0.04), market risk adjusted performance of (0.25), and Standard Deviation of 11.28 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 3.41, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Joann will likely underperform. Joann Inc has an expected return of -0.91%. Please make sure to check out Joann jensen alpha and the relationship between the value at risk and day typical price , to decide if Joann Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Joann Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Joann time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Joann Inc price movement. The serial correlation of -0.48 indicates that about 48.0% of current Joann price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 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 |
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 |
| 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 |
| 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 Joann 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, Joann's short interest history, or implied volatility extrapolated from Joann options trading.
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Try AI Portfolio ArchitectCheck out Joann Correlation, Joann Volatility and Joann Alpha and Beta module to complement your research on Joann. 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 the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Joann Stock analysis
When running Joann's 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 the 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.