Journey Medical Corp Stock Market Value
| DERM Stock | USD 5.74 0.37 6.89% |
| Symbol | Journey |
Journey Medical Corp Price To Book Ratio
Is Biotechnology space 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 Journey Medical. If investors know Journey 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 Journey Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.92) | Revenue Per Share 2.921 | Quarterly Revenue Growth (0.58) | Return On Assets (0.17) | Return On Equity (1.30) |
The market value of Journey Medical Corp is measured differently than its book value, which is the value of Journey that is recorded on the company's balance sheet. Investors also form their own opinion of Journey Medical's value that differs from its market value or its book value, called intrinsic value, which is Journey Medical'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 Journey Medical's market value can be influenced by many factors that don't directly affect Journey Medical'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 Journey Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Journey Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Journey Medical'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.
Journey Medical '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 Journey Medical'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 Journey Medical.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Journey Medical on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Journey Medical Corp or generate 0.0% return on investment in Journey Medical over 30 days. Journey Medical is related to or competes with Evoke Pharma, Avadel Pharmaceuticals, Aquestive Therapeutics, Cresco Labs, Curaleaf Holdings, Trulieve Cannabis, and Aurora Cannabis. Journey Medical Corporation focuses on the development and commercialization of pharmaceutical products for the treatmen... More
Journey Medical 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 Journey Medical'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 Journey Medical Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.1 | |||
| Information Ratio | 0.0528 | |||
| Maximum Drawdown | 22.8 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 7.3 |
Journey Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Journey Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Journey Medical's standard deviation. In reality, there are many statistical measures that can use Journey Medical historical prices to predict the future Journey Medical's volatility.| Risk Adjusted Performance | 0.0727 | |||
| Jensen Alpha | 0.1674 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0538 | |||
| Treynor Ratio | 0.2368 |
Journey Medical Corp Backtested Returns
Journey Medical appears to be moderately volatile, given 3 months investment horizon. Journey Medical Corp holds Efficiency (Sharpe) Ratio of 0.0624, which attests that the entity had a 0.0624% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Journey Medical Corp, which you can use to evaluate the volatility of the firm. Please utilize Journey Medical's Market Risk Adjusted Performance of 0.2468, risk adjusted performance of 0.0727, and Downside Deviation of 4.1 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Journey Medical holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 1.44, 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, Journey Medical will likely underperform. Please check Journey Medical's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Journey Medical's current trending patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Journey Medical Corp has virtually no predictability. Overlapping area represents the amount of predictability between Journey Medical time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Journey Medical Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Journey Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Journey Medical Corp lagged returns against current returns
Autocorrelation, which is Journey Medical 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 Journey Medical's stock expected returns. We can calculate the autocorrelation of Journey Medical returns to help us make a trade decision. For example, suppose you find that Journey Medical 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 |
Journey Medical 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 Journey Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Journey Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Journey Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Journey Medical Lagged Returns
When evaluating Journey Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Journey Medical stock have on its future price. Journey Medical 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, Journey Medical autocorrelation shows the relationship between Journey Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Journey Medical Corp.
Regressed Prices |
| Timeline |
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Journey Medical 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.