The Joint Corp Stock Market Value
| JYNT Stock | USD 11.75 0.18 1.56% |
| Symbol | Joint |
Joint Corp Price To Book Ratio
Is Health Care Providers & Services 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 Joint Corp. If investors know Joint 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 Joint Corp 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 (0.62) | Earnings Share (1.14) | Revenue Per Share 8.125 | Quarterly Revenue Growth 0.025 | Return On Assets 0.0201 |
The market value of Joint Corp is measured differently than its book value, which is the value of Joint that is recorded on the company's balance sheet. Investors also form their own opinion of Joint Corp's value that differs from its market value or its book value, called intrinsic value, which is Joint Corp'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 Joint Corp's market value can be influenced by many factors that don't directly affect Joint Corp'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 Joint Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Joint Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Joint Corp'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.
Joint Corp '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 Joint Corp'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 Joint Corp.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Joint Corp on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding The Joint Corp or generate 0.0% return on investment in Joint Corp over 270 days. Joint Corp is related to or competes with Humana, and Elevance Health. The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics More
Joint Corp 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 Joint Corp'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 The Joint Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 15.39 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 5.29 |
Joint Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Joint Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Joint Corp's standard deviation. In reality, there are many statistical measures that can use Joint Corp historical prices to predict the future Joint Corp's volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0601 |
Joint Corp Backtested Returns
Currently, The Joint Corp is not too volatile. Joint Corp holds Efficiency (Sharpe) Ratio of 0.0384, which attests that the entity had a 0.0384% return per unit of risk over the last 3 months. We have found thirty technical indicators for Joint Corp, which you can use to evaluate the volatility of the firm. Please check out Joint Corp's Market Risk Adjusted Performance of 0.0701, downside deviation of 2.46, and Risk Adjusted Performance of 0.0387 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Joint Corp has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.83, 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, Joint Corp will likely underperform. Joint Corp right now retains a risk of 2.91%. Please check out Joint Corp downside variance, and the relationship between the total risk alpha and daily balance of power , to decide if Joint Corp will be following its current trending patterns.
Auto-correlation | -0.58 |
Good reverse predictability
The Joint Corp has good reverse predictability. Overlapping area represents the amount of predictability between Joint Corp time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Joint Corp price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Joint Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
Joint Corp lagged returns against current returns
Autocorrelation, which is Joint Corp 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 Joint Corp's stock expected returns. We can calculate the autocorrelation of Joint Corp returns to help us make a trade decision. For example, suppose you find that Joint Corp 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 |
Joint Corp 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 Joint Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Joint Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Joint Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Joint Corp Lagged Returns
When evaluating Joint Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Joint Corp stock have on its future price. Joint Corp 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, Joint Corp autocorrelation shows the relationship between Joint Corp stock current value and its past values and can show if there is a momentum factor associated with investing in The Joint Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Joint Stock Analysis
When running Joint Corp's price analysis, check to measure Joint Corp'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 Joint Corp is operating at the current time. Most of Joint Corp's value examination focuses on studying past and present price action to predict the probability of Joint Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Joint Corp's price. Additionally, you may evaluate how the addition of Joint Corp to your portfolios can decrease your overall portfolio volatility.