Johnson Stock Market Value

JOUT -  USA Stock  

USD 105.76  0.25  0.24%

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


The market value of Johnson Outdoors is measured differently than its book value, which is the value of Johnson that is recorded on the company's balance sheet. Investors also form their own opinion of Johnson Outdoors' value that differs from its market value or its book value, called intrinsic value, which is Johnson Outdoors' 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 Johnson Outdoors' market value can be influenced by many factors that don't directly affect Johnson Outdoors 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 Johnson Outdoors' value and its price as these two are different measures arrived at by different means. Investors typically determine Johnson Outdoors value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Johnson Outdoors' 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.

Johnson Outdoors '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 Johnson Outdoors' 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 Johnson Outdoors.
0.00
08/25/2021
No Change 0.00  0.0 
In 30 days
09/24/2021
0.00
If you would invest  0.00  in Johnson Outdoors on August 25, 2021 and sell it all today you would earn a total of 0.00 from holding Johnson Outdoors or generate 0.0% return on investment in Johnson Outdoors over 30 days. Johnson Outdoors is related to or competes with Brunswick Corp, Drive Shack, Funko Inc, Ballantyne Strong, Dover Downs, and Cedar Fair. Johnson Outdoors Inc. designs, manufactures, and markets camping, diving, watercraft, and marine electronics products wo...

Johnson Outdoors 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 Johnson Outdoors' 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 Johnson Outdoors upside and downside potential and time the market with a certain degree of confidence.

Johnson Outdoors Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Johnson Outdoors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johnson Outdoors' standard deviation. In reality, there are many statistical measures that can use Johnson Outdoors historical prices to predict the future Johnson Outdoors' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Johnson Outdoors' 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 Johnson Outdoors in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
103.98105.53107.08
Details
Intrinsic
Valuation
LowReal ValueHigh
99.98101.53116.34
Details
Naive
Forecast
LowNext ValueHigh
102.79104.34105.89
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
103.37108.94114.51
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Johnson Outdoors. Your research has to be compared to or analyzed against Johnson Outdoors' peers to derive any actionable benefits. When done correctly, Johnson Outdoors' 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 Johnson Outdoors.

Johnson Outdoors Backtested Returns

Johnson Outdoors holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had -0.13% 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. Johnson Outdoors exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Johnson Outdoors risk adjusted performance of (0.07), and Market Risk Adjusted Performance of (1.50) to validate the risk estimate we provide.
The company retains a Market Volatility (i.e., Beta) of 0.1212, which attests to not very significant fluctuations relative to the market. Let's try to break down what Johnson's beta means in this case. As returns on the market increase, Johnson Outdoors returns are expected to increase less than the market. However, during the bear market, the loss on holding Johnson Outdoors will be expected to be smaller as well. Even though it is essential to pay attention to Johnson Outdoors 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. Johnson Outdoors exposes twenty-one different technical indicators, which can help you to evaluate its performance. Johnson Outdoors has an expected return of -0.21%. Please be advised to check out Johnson Outdoors semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if Johnson Outdoors performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.77   

Good predictability

Johnson Outdoors has good predictability. Overlapping area represents the amount of predictability between Johnson Outdoors time series from 25th of August 2021 to 9th of September 2021 and 9th of September 2021 to 24th of September 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 Johnson Outdoors price movement. The serial correlation of 0.77 indicates that around 77.0% of current Johnson Outdoors price fluctuation can be explain by its past prices.
Correlation Coefficient0.77
Spearman Rank Test0.72
Residual Average0.0
Price Variance4.61

Johnson Outdoors lagged returns against current returns

Autocorrelation, which is Johnson Outdoors 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 Johnson Outdoors' stock expected returns. We can calculate the autocorrelation of Johnson Outdoors returns to help us make a trade decision. For example, suppose you find that Johnson Outdoors 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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Johnson Outdoors 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 Johnson Outdoors stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johnson Outdoors stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Johnson Outdoors stock over time.
 Current vs Lagged Prices 
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      Timeline 

Johnson Outdoors Lagged Returns

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

Johnson Outdoors Investors Sentiment

The influence of Johnson Outdoors' 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 Johnson. 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 - JOUT

Johnson Outdoors Investor Sentiment

Most of Macroaxis users are currently bullish on Johnson Outdoors. What is your judgment towards investing in Johnson Outdoors? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please see Johnson Outdoors Hype Analysis, Johnson Outdoors Correlation, Johnson Outdoors Valuation, Johnson Outdoors Volatility, as well as analyze Johnson Outdoors Alpha and Beta and Johnson Outdoors Performance. Note that the Johnson Outdoors information on this page should be used as a complementary analysis to other Johnson Outdoors' 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Johnson Stock analysis

When running Johnson Outdoors price analysis, check to measure Johnson Outdoors' 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 Johnson Outdoors is operating at the current time. Most of Johnson Outdoors' value examination focuses on studying past and present price action to predict the probability of Johnson Outdoors' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Johnson Outdoors' price. Additionally, you may evaluate how the addition of Johnson Outdoors to your portfolios can decrease your overall portfolio volatility.
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Johnson Outdoors 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 Johnson Outdoors technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Johnson Outdoors 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...