Joby Aviation Stock Market Value
| JOBY Stock | USD 7.86 0.19 2.36% |
| Symbol | Joby |
Joby Aviation Price To Book Ratio
Is Passenger Airlines 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 Joby Aviation. If investors know Joby 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 Joby Aviation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Joby Aviation is measured differently than its book value, which is the value of Joby that is recorded on the company's balance sheet. Investors also form their own opinion of Joby Aviation's value that differs from its market value or its book value, called intrinsic value, which is Joby Aviation'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 Joby Aviation's market value can be influenced by many factors that don't directly affect Joby Aviation'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 Joby Aviation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Joby Aviation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Joby Aviation'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.
Joby Aviation '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 Joby Aviation'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 Joby Aviation.
| 01/14/2024 |
| 02/07/2025 |
If you would invest 0.00 in Joby Aviation on January 14, 2024 and sell it all today you would earn a total of 0.00 from holding Joby Aviation or generate 0.0% return on investment in Joby Aviation over 390 days. Joby Aviation is related to or competes with Archer Aviation, Blade Air, Rocket Lab, and Vertical Aerospace. Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and ... More
Joby Aviation 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 Joby Aviation'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 Joby Aviation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.64 | |||
| Information Ratio | 0.1321 | |||
| Maximum Drawdown | 29.73 | |||
| Value At Risk | (7.90) | |||
| Potential Upside | 12.83 |
Joby Aviation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Joby Aviation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Joby Aviation's standard deviation. In reality, there are many statistical measures that can use Joby Aviation historical prices to predict the future Joby Aviation's volatility.| Risk Adjusted Performance | 0.1311 | |||
| Jensen Alpha | 0.8874 | |||
| Total Risk Alpha | 0.2578 | |||
| Sortino Ratio | 0.182 | |||
| Treynor Ratio | 1.86 |
Joby Aviation Backtested Returns
Joby Aviation appears to be unstable, given 3 months investment horizon. Joby Aviation holds Efficiency (Sharpe) Ratio of 0.091, which attests that the entity had a 0.091 % return per unit of risk over the last 3 months. By evaluating Joby Aviation's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Joby Aviation's Risk Adjusted Performance of 0.1311, market risk adjusted performance of 1.87, and Downside Deviation of 4.64 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Joby Aviation holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Joby Aviation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Joby Aviation is expected to be smaller as well. Please check Joby Aviation's potential upside, and the relationship between the jensen alpha and accumulation distribution , to make a quick decision on whether Joby Aviation's current trending patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Joby Aviation has very weak reverse predictability. Overlapping area represents the amount of predictability between Joby Aviation time series from 14th of January 2024 to 27th of July 2024 and 27th of July 2024 to 7th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Joby Aviation price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Joby Aviation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
Joby Aviation lagged returns against current returns
Autocorrelation, which is Joby Aviation 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 Joby Aviation's stock expected returns. We can calculate the autocorrelation of Joby Aviation returns to help us make a trade decision. For example, suppose you find that Joby Aviation 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 |
Joby Aviation 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 Joby Aviation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Joby Aviation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Joby Aviation stock over time.
Current vs Lagged Prices |
| Timeline |
Joby Aviation Lagged Returns
When evaluating Joby Aviation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Joby Aviation stock have on its future price. Joby Aviation 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, Joby Aviation autocorrelation shows the relationship between Joby Aviation stock current value and its past values and can show if there is a momentum factor associated with investing in Joby Aviation.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Joby Stock Analysis
When running Joby Aviation's price analysis, check to measure Joby Aviation'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 Joby Aviation is operating at the current time. Most of Joby Aviation's value examination focuses on studying past and present price action to predict the probability of Joby Aviation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Joby Aviation's price. Additionally, you may evaluate how the addition of Joby Aviation to your portfolios can decrease your overall portfolio volatility.