Johnson Outdoors Stock Market Value
| JOUT Stock | USD 32.51 0.84 2.65% |
| Symbol | Johnson |
Johnson Outdoors Price To Book Ratio
Is Leisure Products 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 Johnson Outdoors. If investors know Johnson 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 Johnson Outdoors 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 (0.89) | Dividend Share 1.32 | Earnings Share (0.83) | Revenue Per Share 57.138 | Quarterly Revenue Growth (0.08) |
The market value of Johnson Outdoors is measured differently than its book value, which is the value of Johnson that is recorded on the company's balance sheet. Investors also form their own opinion of Johnson Outdoors' value that differs from its market value or its book value, called intrinsic value, which is Johnson Outdoors' 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 Johnson Outdoors' market value can be influenced by many factors that don't directly affect Johnson Outdoors' 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 Johnson Outdoors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Johnson Outdoors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Johnson Outdoors' 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.
Johnson Outdoors '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 Johnson Outdoors' 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 Johnson Outdoors.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Johnson Outdoors on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Johnson Outdoors or generate 0.0% return on investment in Johnson Outdoors over 30 days. Johnson Outdoors is related to or competes with Vista Outdoor, Six Flags, Canlan Ice, and OneSpaWorld Holdings. Johnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwid... More
Johnson Outdoors 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 Johnson Outdoors' 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 Johnson Outdoors upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.89 |
Johnson Outdoors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Johnson Outdoors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johnson Outdoors' standard deviation. In reality, there are many statistical measures that can use Johnson Outdoors historical prices to predict the future Johnson Outdoors' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Johnson Outdoors' 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.
Johnson Outdoors Backtested Returns
Johnson Outdoors holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Johnson Outdoors exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Johnson Outdoors' Risk Adjusted Performance of (0.07), standard deviation of 1.68, and Market Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.16, 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, Johnson Outdoors will likely underperform. At this point, Johnson Outdoors has a negative expected return of -0.17%. Please make sure to check out Johnson Outdoors' coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Johnson Outdoors performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Johnson Outdoors has virtually no predictability. Overlapping area represents the amount of predictability between Johnson Outdoors time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Johnson Outdoors price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Johnson Outdoors price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Johnson Outdoors lagged returns against current returns
Autocorrelation, which is Johnson Outdoors 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 Johnson Outdoors' stock expected returns. We can calculate the autocorrelation of Johnson Outdoors returns to help us make a trade decision. For example, suppose you find that Johnson Outdoors 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 |
Johnson Outdoors 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 Johnson Outdoors stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johnson Outdoors stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Johnson Outdoors stock over time.
Current vs Lagged Prices |
| Timeline |
Johnson Outdoors Lagged Returns
When evaluating Johnson Outdoors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Johnson Outdoors stock have on its future price. Johnson Outdoors 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, Johnson Outdoors autocorrelation shows the relationship between Johnson Outdoors stock current value and its past values and can show if there is a momentum factor associated with investing in Johnson Outdoors.
Regressed Prices |
| Timeline |
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Additional Tools for Johnson Stock Analysis
When running Johnson Outdoors' price analysis, check to measure Johnson Outdoors' 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 Johnson Outdoors is operating at the current time. Most of Johnson Outdoors' value examination focuses on studying past and present price action to predict the probability of Johnson Outdoors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Outdoors' price. Additionally, you may evaluate how the addition of Johnson Outdoors to your portfolios can decrease your overall portfolio volatility.