Ajay Jain - Joann Investor Director
JOANDelisted Stock | USD 1.16 0.01 0.85% |
Insider
Ajay Jain is Investor Director of Joann Inc
Phone | 330 656 2600 |
Web | https://www.joann.com |
Joann Management Efficiency
The company has return on total asset (ROA) of (0.0283) % which means that it has lost $0.0283 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (24.8249) %, meaning that it created substantial loss on money invested by shareholders. Joann's management efficiency ratios could be used to measure how well Joann manages its routine affairs as well as how well it operates its assets and liabilities.Joann Inc currently holds 1.87 B in liabilities. Joann Inc has a current ratio of 1.44, which is within standard range for the sector. Note, when we think about Joann's use of debt, we should always consider it together with its cash and equity.
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Management Performance
Return On Equity | -24.82 | |||
Return On Asset | -0.0283 |
Joann Inc Leadership Team
Elected by the shareholders, the Joann's board of directors comprises two types of representatives: Joann inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Joann. The board's role is to monitor Joann's management team and ensure that shareholders' interests are well served. Joann's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Joann's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ajay Jain, Investor Director | ||
Mario Sampson, Senior Chain | ||
Wade Miquelon, Pres Chairman | ||
Scott Sekella, Executive CFO | ||
Janet Duliga, Executive Officer | ||
Christopher DiTullio, Executive Officer | ||
Robert Will, Executive Officer | ||
Varadheesh Chennakrishnan, VP Officer | ||
Lisa WittmanSmith, Senior Insights | ||
Sharyn Hejcl, VP Officer | ||
John Stalcup, Senior Officer | ||
Ann Aber, Chief VP | ||
Joseph Thibault, Senior Operations |
Joann Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Joann a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity | -24.82 | |||
Return On Asset | -0.0283 | |||
Profit Margin | (0.11) % | |||
Operating Margin | (0.03) % | |||
Current Valuation | 1.98 B | |||
Shares Outstanding | 41.91 M | |||
Shares Owned By Insiders | 3.91 % | |||
Shares Owned By Institutions | 72.15 % | |||
Number Of Shares Shorted | 1.66 M | |||
Price To Earning | 2.49 X |
Pair Trading with Joann
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Joann position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Joann will appreciate offsetting losses from the drop in the long position's value.Moving together with Joann Stock
Moving against Joann Stock
0.87 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.83 | HPQ | HP Inc | PairCorr |
0.73 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.71 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.7 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
The ability to find closely correlated positions to Joann could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Joann when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Joann - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Joann Inc to buy it.
The correlation of Joann is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Joann moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Joann Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Joann can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Other Consideration for investing in Joann Stock
If you are still planning to invest in Joann Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Joann's history and understand the potential risks before investing.
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