Janus International Group Stock Market Value
| JBI Stock | USD 14.42 0.38 2.71% |
| Symbol | Janus |
Janus International Price To Book Ratio
Is Janus International's industry 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 Janus International. If investors know Janus 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 Janus International 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 0.182 | Earnings Share 0.95 | Revenue Per Share 7.284 | Quarterly Revenue Growth 0.01 | Return On Assets 0.1211 |
The market value of Janus International is measured differently than its book value, which is the value of Janus that is recorded on the company's balance sheet. Investors also form their own opinion of Janus International's value that differs from its market value or its book value, called intrinsic value, which is Janus International'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 Janus International's market value can be influenced by many factors that don't directly affect Janus International'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 Janus International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus International'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.
Janus International '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 Janus International'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 Janus International.
| 06/01/2022 |
| 05/21/2024 |
If you would invest 0.00 in Janus International on June 1, 2022 and sell it all today you would earn a total of 0.00 from holding Janus International Group or generate 0.0% return on investment in Janus International over 720 days. Janus International is related to or competes with Quanex Building, Interface, Apogee Enterprises, Masonite International, Gibraltar Industries, and Armstrong World. Janus International Group, Inc. manufacturers, supplies, and provides turn-key self-storage, and commercial and industri... More
Janus International 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 Janus International'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 Janus International Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.09 |
Janus International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janus International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janus International's standard deviation. In reality, there are many statistical measures that can use Janus International historical prices to predict the future Janus International's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.5716 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Janus International'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.
Janus International Backtested Returns
Janus International holds Efficiency (Sharpe) Ratio of -0.022, which attests that the entity had a -0.022% return per unit of risk over the last 3 months. Janus International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Janus International's Risk Adjusted Performance of (0.02), market risk adjusted performance of 0.5816, and Standard Deviation of 1.9 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Janus International are expected to decrease at a much lower rate. During the bear market, Janus International is likely to outperform the market. Janus International has an expected return of -0.0423%. Please make sure to check out Janus International kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Janus International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Janus International Group has insignificant predictability. Overlapping area represents the amount of predictability between Janus International time series from 1st of June 2022 to 27th of May 2023 and 27th of May 2023 to 21st of May 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 Janus International price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Janus International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 4.12 |
Janus International lagged returns against current returns
Autocorrelation, which is Janus International 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 Janus International's stock expected returns. We can calculate the autocorrelation of Janus International returns to help us make a trade decision. For example, suppose you find that Janus International 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 |
Janus International 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 Janus International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janus International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janus International stock over time.
Current vs Lagged Prices |
| Timeline |
Janus International Lagged Returns
When evaluating Janus International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janus International stock have on its future price. Janus International 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, Janus International autocorrelation shows the relationship between Janus International stock current value and its past values and can show if there is a momentum factor associated with investing in Janus International Group.
Regressed Prices |
| Timeline |
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Check out Janus International Correlation, Janus International Volatility and Janus International Alpha and Beta module to complement your research on Janus International. Note that the Janus International information on this page should be used as a complementary analysis to other Janus International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Janus Stock analysis
When running Janus International's price analysis, check to measure Janus International'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 Janus International is operating at the current time. Most of Janus International's value examination focuses on studying past and present price action to predict the probability of Janus International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Janus International's price. Additionally, you may evaluate how the addition of Janus International to your portfolios can decrease your overall portfolio volatility.
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Janus International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.