Asbury Automotive Group Stock Market Value
| ABG Stock | USD 221.54 0.65 0.29% |
| Symbol | Asbury |
Asbury Automotive Price To Book Ratio
Is Asbury Automotive'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 Asbury Automotive. If investors know Asbury 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 Asbury Automotive 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 (0.83) | Earnings Share 28.73 | Revenue Per Share 708.263 | Quarterly Revenue Growth 0.029 | Return On Assets 0.0739 |
The market value of Asbury Automotive is measured differently than its book value, which is the value of Asbury that is recorded on the company's balance sheet. Investors also form their own opinion of Asbury Automotive's value that differs from its market value or its book value, called intrinsic value, which is Asbury Automotive'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 Asbury Automotive's market value can be influenced by many factors that don't directly affect Asbury Automotive'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 Asbury Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asbury Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asbury Automotive'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.
Asbury Automotive '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 Asbury Automotive'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 Asbury Automotive.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Asbury Automotive on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Asbury Automotive Group or generate 0.0% return on investment in Asbury Automotive over 30 days. Asbury Automotive is related to or competes with Sonic Automotive, Lithia Motors, AutoNation, Penske Automotive, and Group 1. Asbury Automotive Group, Inc., together with its subsidiaries, operates as an automotive retailer in the United States More
Asbury Automotive 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 Asbury Automotive'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 Asbury Automotive Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0255 | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 3.18 |
Asbury Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asbury Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asbury Automotive's standard deviation. In reality, there are many statistical measures that can use Asbury Automotive historical prices to predict the future Asbury Automotive's volatility.| Risk Adjusted Performance | 0.0538 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0249 | |||
| Treynor Ratio | 0.0669 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asbury Automotive'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.
Asbury Automotive Backtested Returns
We consider Asbury Automotive very steady. Asbury Automotive secures Sharpe Ratio (or Efficiency) of 0.039, which signifies that the company had a 0.039% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Asbury Automotive Group, which you can use to evaluate the volatility of the firm. Please confirm Asbury Automotive's risk adjusted performance of 0.0538, and Mean Deviation of 1.43 to double-check if the risk estimate we provide is consistent with the expected return of 0.0744%. Asbury Automotive has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.0, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Asbury Automotive will likely underperform. Asbury Automotive right now shows a risk of 1.91%. Please confirm Asbury Automotive mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Asbury Automotive will be following its price patterns.
Auto-correlation | 0.16 |
Very weak predictability
Asbury Automotive Group has very weak predictability. Overlapping area represents the amount of predictability between Asbury Automotive time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Asbury Automotive price movement. The serial correlation of 0.16 indicates that over 16.0% of current Asbury Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 12.04 |
Asbury Automotive lagged returns against current returns
Autocorrelation, which is Asbury Automotive 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 Asbury Automotive's stock expected returns. We can calculate the autocorrelation of Asbury Automotive returns to help us make a trade decision. For example, suppose you find that Asbury Automotive 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 |
Asbury Automotive 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 Asbury Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asbury Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asbury Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
Asbury Automotive Lagged Returns
When evaluating Asbury Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asbury Automotive stock have on its future price. Asbury Automotive 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, Asbury Automotive autocorrelation shows the relationship between Asbury Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in Asbury Automotive Group.
Regressed Prices |
| Timeline |
Pair Trading with Asbury Automotive
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asbury Automotive position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asbury Automotive will appreciate offsetting losses from the drop in the long position's value.Moving against Asbury Stock
| 0.48 | FIVE | Five Below Financial Report 6th of June 2024 | PairCorr |
| 0.47 | BGI | Birks Group | PairCorr |
The ability to find closely correlated positions to Asbury Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asbury Automotive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asbury Automotive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asbury Automotive Group to buy it.
The correlation of Asbury Automotive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asbury Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asbury Automotive moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asbury Automotive can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Asbury Automotive Correlation, Asbury Automotive Volatility and Asbury Automotive Alpha and Beta module to complement your research on Asbury Automotive. Note that the Asbury Automotive information on this page should be used as a complementary analysis to other Asbury Automotive'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Asbury Stock analysis
When running Asbury Automotive's price analysis, check to measure Asbury Automotive'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 Asbury Automotive is operating at the current time. Most of Asbury Automotive's value examination focuses on studying past and present price action to predict the probability of Asbury Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asbury Automotive's price. Additionally, you may evaluate how the addition of Asbury Automotive to your portfolios can decrease your overall portfolio volatility.
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Asbury Automotive 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.