Joby Aviation Stock Market Value
| JOBY-WT Stock | 1.98 0.51 34.69% |
| Symbol | Joby |
Joby Aviation Price To Book Ratio
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.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Joby Aviation on January 6, 2023 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 690 days. Joby Aviation is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. Joby Aviation is entity of United States 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 | 7.36 | |||
| Information Ratio | 0.18 | |||
| Maximum Drawdown | 85.61 | |||
| Value At Risk | (9.78) | |||
| Potential Upside | 18.92 |
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 | 0.1546 | |||
| Jensen Alpha | 1.85 | |||
| Total Risk Alpha | 0.4364 | |||
| Sortino Ratio | 0.3138 | |||
| Treynor Ratio | 0.4994 |
Joby Aviation Backtested Returns
Joby Aviation is out of control given 3 months investment horizon. Joby Aviation holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.59% are justified by taking the suggested risk. Use Joby Aviation Market Risk Adjusted Performance of 0.5094, downside deviation of 7.36, and Risk Adjusted Performance of 0.1546 to evaluate company specific risk that cannot be diversified away. Joby Aviation holds a performance score of 15 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 4.86, 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, Joby Aviation will likely underperform. Use Joby Aviation mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Joby Aviation.
Auto-correlation | -0.25 |
Weak reverse predictability
Joby Aviation has weak reverse predictability. Overlapping area represents the amount of predictability between Joby Aviation time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Joby Aviation price movement. The serial correlation of -0.25 indicates that over 25.0% of current Joby Aviation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
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 |
Thematic Opportunities
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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.