Johnson Johnson (Germany) Market Value

JNJ Stock   138.94  0.18  0.13%   
Johnson Johnson's market value is the price at which a share of Johnson Johnson trades on a public exchange. It measures the collective expectations of Johnson Johnson investors about its performance. Johnson Johnson is selling for under 138.94 as of the 22nd of December 2024; that is 0.13% down since the beginning of the trading day. The stock's last reported lowest price was 137.26.
With this module, you can estimate the performance of a buy and hold strategy of Johnson Johnson and determine expected loss or profit from investing in Johnson Johnson over a given investment horizon. Check out Johnson Johnson Correlation, Johnson Johnson Volatility and Johnson Johnson Alpha and Beta module to complement your research on Johnson Johnson.
For more information on how to buy Johnson Stock please use our How to Invest in Johnson Johnson guide.
Symbol

Please note, there is a significant difference between Johnson Johnson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Johnson Johnson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Johnson Johnson'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.

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 Johnson'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 Johnson Johnson.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in Johnson Johnson on October 23, 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 Johnson over 60 days. Johnson Johnson is related to or competes with Eli Lilly, AstraZeneca PLC, Amgen, General Mills, Bayer AG, and Biogen. More

Johnson 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 Johnson'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 Johnson Johnson upside and downside potential and time the market with a certain degree of confidence.

Johnson Johnson Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Johnson Johnson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johnson Johnson's standard deviation. In reality, there are many statistical measures that can use Johnson Johnson historical prices to predict the future Johnson Johnson's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Johnson Johnson's 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.
Hype
Prediction
LowEstimatedHigh
138.07138.94139.81
Details
Intrinsic
Valuation
LowRealHigh
133.70134.57152.83
Details
Naive
Forecast
LowNextHigh
135.34136.21137.08
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
135.40142.39149.38
Details

Johnson Johnson Backtested Returns

Johnson Johnson holds Efficiency (Sharpe) Ratio of -0.0735, which attests that the entity had a -0.0735% return per unit of risk over the last 3 months. Johnson Johnson exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Johnson Johnson's Risk Adjusted Performance of (0.07), market risk adjusted performance of 0.9517, and Standard Deviation of 0.875 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0904, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Johnson Johnson are expected to decrease at a much lower rate. During the bear market, Johnson Johnson is likely to outperform the market. At this point, Johnson Johnson has a negative expected return of -0.0641%. Please make sure to check out Johnson Johnson's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Johnson Johnson performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.83  

Very good predictability

Johnson Johnson has very good predictability. Overlapping area represents the amount of predictability between Johnson Johnson time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd of December 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 0.83 indicates that around 83.0% of current Johnson Johnson price fluctuation can be explain by its past prices.
Correlation Coefficient0.83
Spearman Rank Test0.73
Residual Average0.0
Price Variance13.16

Johnson Johnson lagged returns against current returns

Autocorrelation, which is Johnson Johnson 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 Johnson's stock expected returns. We can calculate the autocorrelation of Johnson Johnson returns to help us make a trade decision. For example, suppose you find that Johnson Johnson 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 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 Johnson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johnson Johnson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Johnson Johnson stock over time.
   Current vs Lagged Prices   
       Timeline  

Johnson Johnson Lagged Returns

When evaluating Johnson Johnson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Johnson Johnson stock have on its future price. Johnson 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 Johnson autocorrelation shows the relationship between Johnson Johnson stock 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.

Additional Tools for Johnson Stock Analysis

When running Johnson Johnson's price analysis, check to measure Johnson Johnson'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 Johnson Johnson is operating at the current time. Most of Johnson Johnson's value examination focuses on studying past and present price action to predict the probability of Johnson Johnson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Johnson's price. Additionally, you may evaluate how the addition of Johnson Johnson to your portfolios can decrease your overall portfolio volatility.