JOHNSON JOHNSON Market Value
| 478160CN2 | 90.37 6.74 6.94% |
| Symbol | JOHNSON |
JOHNSON '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's bond 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in JOHNSON on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding JOHNSON JOHNSON or generate 0.0% return on investment in JOHNSON over 30 days. JOHNSON is related to or competes with AMCON Distributing, Supercom, Allient, Bridgford Foods, QuickLogic, Semtech, and Iridium Communications. More
JOHNSON 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's bond 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 JOHNSON upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.93 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.3515 |
JOHNSON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JOHNSON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JOHNSON's standard deviation. In reality, there are many statistical measures that can use JOHNSON historical prices to predict the future JOHNSON's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 2.24 |
JOHNSON JOHNSON Backtested Returns
JOHNSON JOHNSON holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. JOHNSON JOHNSON exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JOHNSON's Coefficient Of Variation of (983.65), market risk adjusted performance of 2.25, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of -0.0464, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JOHNSON are expected to decrease at a much lower rate. During the bear market, JOHNSON is likely to outperform the market.
Auto-correlation | -0.02 |
Very weak reverse predictability
JOHNSON JOHNSON has very weak reverse predictability. Overlapping area represents the amount of predictability between JOHNSON time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 JOHNSON JOHNSON price movement. The serial correlation of -0.02 indicates that only 2.0% of current JOHNSON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 3.69 |
JOHNSON JOHNSON lagged returns against current returns
Autocorrelation, which is JOHNSON bond'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's bond expected returns. We can calculate the autocorrelation of JOHNSON returns to help us make a trade decision. For example, suppose you find that JOHNSON has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JOHNSON bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JOHNSON bond over time.
Current vs Lagged Prices |
| Timeline |
JOHNSON Lagged Returns
When evaluating JOHNSON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JOHNSON bond have on its future price. JOHNSON 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 autocorrelation shows the relationship between JOHNSON bond current value and its past values and can show if there is a momentum factor associated with investing in JOHNSON JOHNSON.
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.Other Information on Investing in JOHNSON Bond
JOHNSON financial ratios help investors to determine whether JOHNSON Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in JOHNSON with respect to the benefits of owning JOHNSON security.