Joann Correlations
| JOANDelisted Stock | USD 1.16 0.01 0.85% |
The current 90-days correlation between Joann Inc and 1 800 FLOWERSCOM is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Joann moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Joann Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Joann Correlation With Market
Average diversification
The correlation between Joann Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Joann Inc and DJI in the same portfolio, assuming nothing else is changed.
Joann |
Moving together with Joann Stock
| 0.61 | PTAIY | Astra International Tbk | PairCorr |
| 0.66 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.82 | BKRKY | Bank Rakyat | PairCorr |
| 0.85 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.78 | EC | Ecopetrol SA ADR | PairCorr |
| 0.84 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.79 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.85 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.72 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.91 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against Joann Stock
| 0.9 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.83 | CSCO | Cisco Systems | PairCorr |
| 0.83 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.78 | DIS | Walt Disney | PairCorr |
| 0.76 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.74 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
| 0.73 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | PTAIF | PT Astra International | PairCorr |
| 0.46 | SSNLF | Samsung Electronics | PairCorr |
| 0.38 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.34 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Joann Stock performing well and Joann Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Joann's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLWS | 1.80 | 0.03 | 0.01 | 0.11 | 2.07 | 5.03 | 13.16 | |||
| EYE | 1.92 | 0.10 | 0.02 | 0.60 | 1.89 | 4.90 | 10.41 | |||
| LESL | 4.06 | (0.20) | 0.00 | (0.20) | 0.00 | 10.03 | 41.35 | |||
| ODP | 1.76 | (0.08) | 0.00 | 0.17 | 0.00 | 3.46 | 15.70 | |||
| SPWH | 4.02 | (0.08) | 0.00 | (0.07) | 0.00 | 9.39 | 25.49 | |||
| TCS | 8.54 | (0.95) | 0.00 | 0.37 | 0.00 | 22.69 | 106.47 | |||
| FRG | 0.56 | 0.08 | 0.01 | (20.73) | 0.55 | 1.76 | 5.13 | |||
| HZO | 2.50 | (0.26) | 0.00 | (0.01) | 0.00 | 5.86 | 17.58 | |||
| SBH | 1.85 | (0.14) | 0.00 | (0.03) | 0.00 | 4.86 | 16.90 | |||
| CASY | 1.05 | 0.11 | 0.08 | 0.23 | 0.98 | 2.74 | 6.06 |
Joann Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Joann stock to make a market-neutral strategy. Peer analysis of Joann could also be used in its relative valuation, which is a method of valuing Joann by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Joann Corporate Management
| Ajay Jain | Investor Director | Profile | |
| Mario Sampson | Senior Chain | Profile | |
| Wade Miquelon | Pres Chairman | Profile | |
| Janet Duliga | Executive Officer | Profile | |
| Christopher DiTullio | Executive Officer | Profile | |
| Robert Will | Executive Officer | Profile |
Still Interested in Joann Inc?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.