Johnson Outdoors Stock Probability of Future Stock Price Finishing Under 36.11
| JOUT Stock | USD 33.45 0.21 0.62% |
Johnson |
Johnson Outdoors Target Price Odds to finish below 36.11
The tendency of Johnson Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 36.11 after 90 days |
| 33.45 | 90 days | 36.11 | about 86.64 |
Based on a normal probability distribution, the odds of Johnson Outdoors to stay under $ 36.11 after 90 days from now is about 86.64 (This Johnson Outdoors probability density function shows the probability of Johnson Stock to fall within a particular range of prices over 90 days) . Probability of Johnson Outdoors price to stay between its current price of $ 33.45 and $ 36.11 at the end of the 90-day period is about 59.35 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.17 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Johnson Outdoors will likely underperform. Additionally Johnson Outdoors has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Johnson Outdoors Price Density |
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Predictive Modules for Johnson Outdoors
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Johnson Outdoors. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Johnson Outdoors is not an exception. The market had few large corrections towards the Johnson Outdoors' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Johnson Outdoors, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Johnson Outdoors within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.24 | |
β | Beta against Dow Jones | 1.17 | |
σ | Overall volatility | 1.55 | |
Ir | Information ratio | -0.12 |
Johnson Outdoors Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Johnson Outdoors for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Johnson Outdoors can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Johnson Outdoors generated a negative expected return over the last 90 days | |
| Johnson Outdoors has a strong financial position based on the latest SEC filings | |
| Over 82.0% of the company shares are owned by institutional investors | |
| On 23rd of October 2024 Johnson Outdoors paid $ 0.33 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Johnson Outdoors to Release Fiscal 2024 Fourth Quarter Results on December 10, 2024 |
Johnson Outdoors Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Johnson Stock often depends not only on the future outlook of the current and potential Johnson Outdoors' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Johnson Outdoors' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.2 M | |
| Cash And Short Term Investments | 138.6 M |
Johnson Outdoors Technical Analysis
Johnson Outdoors' future price can be derived by breaking down and analyzing its technical indicators over time. Johnson Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Johnson Outdoors. In general, you should focus on analyzing Johnson Stock price patterns and their correlations with different microeconomic environments and drivers.
Johnson Outdoors Predictive Forecast Models
Johnson Outdoors' time-series forecasting models is one of many Johnson Outdoors' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Johnson Outdoors' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Johnson Outdoors
Checking the ongoing alerts about Johnson Outdoors for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Johnson Outdoors help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Johnson Outdoors generated a negative expected return over the last 90 days | |
| Johnson Outdoors has a strong financial position based on the latest SEC filings | |
| Over 82.0% of the company shares are owned by institutional investors | |
| On 23rd of October 2024 Johnson Outdoors paid $ 0.33 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Johnson Outdoors to Release Fiscal 2024 Fourth Quarter Results on December 10, 2024 |
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.