Daily Journal Corp Stock Market Value
| DJCO Stock | USD 572.60 14.41 2.45% |
| Symbol | Daily |
Daily Journal Corp Price To Book Ratio
Is Publishing 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 Daily Journal. If investors know Daily 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 Daily Journal 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 33.498 | Earnings Share 32.64 | Revenue Per Share 52.002 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0136 |
The market value of Daily Journal Corp is measured differently than its book value, which is the value of Daily that is recorded on the company's balance sheet. Investors also form their own opinion of Daily Journal's value that differs from its market value or its book value, called intrinsic value, which is Daily Journal'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 Daily Journal's market value can be influenced by many factors that don't directly affect Daily Journal'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 Daily Journal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daily Journal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daily Journal'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.
Daily Journal '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 Daily Journal'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 Daily Journal.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Daily Journal on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Daily Journal Corp or generate 0.0% return on investment in Daily Journal over 30 days. Daily Journal is related to or competes with Meridianlink, CoreCard Corp, Enfusion, Issuer Direct, Envestnet, E2open Parent, and Hitek Global. Daily Journal Corporation publishes newspapers and websites covering in California, Arizona, and Utah More
Daily Journal 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 Daily Journal'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 Daily Journal Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0356 | |||
| Maximum Drawdown | 17.89 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 3.45 |
Daily Journal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daily Journal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daily Journal's standard deviation. In reality, there are many statistical measures that can use Daily Journal historical prices to predict the future Daily Journal's volatility.| Risk Adjusted Performance | 0.0702 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0446 | |||
| Treynor Ratio | 0.0797 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Daily Journal'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.
Daily Journal Corp Backtested Returns
Daily Journal appears to be very steady, given 3 months investment horizon. Daily Journal Corp secures Sharpe Ratio (or Efficiency) of 0.0985, which denotes the company had a 0.0985% return per unit of risk over the last 3 months. We have found thirty technical indicators for Daily Journal Corp, which you can use to evaluate the volatility of the firm. Please utilize Daily Journal's Downside Deviation of 2.22, mean deviation of 1.9, and Coefficient Of Variation of 1214.1 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daily Journal holds a performance score of 7. The firm shows a Beta (market volatility) of 2.75, which means 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, Daily Journal will likely underperform. Please check Daily Journal's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Daily Journal's price patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Daily Journal Corp has good predictability. Overlapping area represents the amount of predictability between Daily Journal time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Daily Journal Corp price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Daily Journal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 190.28 |
Daily Journal Corp lagged returns against current returns
Autocorrelation, which is Daily Journal 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 Daily Journal's stock expected returns. We can calculate the autocorrelation of Daily Journal returns to help us make a trade decision. For example, suppose you find that Daily Journal 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 |
Daily Journal 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 Daily Journal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daily Journal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daily Journal stock over time.
Current vs Lagged Prices |
| Timeline |
Daily Journal Lagged Returns
When evaluating Daily Journal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daily Journal stock have on its future price. Daily Journal 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, Daily Journal autocorrelation shows the relationship between Daily Journal stock current value and its past values and can show if there is a momentum factor associated with investing in Daily Journal Corp.
Regressed Prices |
| Timeline |
Pair Trading with Daily Journal
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 Daily Journal 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 Daily Journal will appreciate offsetting losses from the drop in the long position's value.Moving together with Daily Stock
Moving against Daily Stock
The ability to find closely correlated positions to Daily Journal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daily Journal 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 Daily Journal - 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 Daily Journal Corp to buy it.
The correlation of Daily Journal 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 Daily Journal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daily Journal Corp 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 Daily Journal 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 Daily Journal Correlation, Daily Journal Volatility and Daily Journal Alpha and Beta module to complement your research on Daily Journal. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Daily Journal 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.