Abm Industries Incorporated Stock Market Value
| ABM Stock | USD 43.80 0.16 0.37% |
| Symbol | ABM |
ABM Industries rporated Price To Book Ratio
Is ABM Industries' 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 ABM Industries. If investors know ABM 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 ABM Industries 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 0.207 | Dividend Share 0.885 | Earnings Share 3.91 | Revenue Per Share 125.187 | Quarterly Revenue Growth 0.039 |
The market value of ABM Industries rporated is measured differently than its book value, which is the value of ABM that is recorded on the company's balance sheet. Investors also form their own opinion of ABM Industries' value that differs from its market value or its book value, called intrinsic value, which is ABM Industries' 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 ABM Industries' market value can be influenced by many factors that don't directly affect ABM Industries' 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 ABM Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if ABM Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABM Industries' 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.
ABM Industries '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 ABM Industries' 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 ABM Industries.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in ABM Industries on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding ABM Industries Incorporated or generate 0.0% return on investment in ABM Industries over 180 days. ABM Industries is related to or competes with Aramark Holdings, Civeo Corp, Maximus, AZZ Incorporated, Cass Information, and Network 1. ABM Industries Incorporated provides integrated facility solutions in the United States and internationally More
ABM Industries 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 ABM Industries' 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 ABM Industries Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0124 | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 2.1 |
ABM Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABM Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABM Industries' standard deviation. In reality, there are many statistical measures that can use ABM Industries historical prices to predict the future ABM Industries' volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | 0.0093 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | 0.0532 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ABM Industries' 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.
ABM Industries rporated Backtested Returns
We consider ABM Industries very steady. ABM Industries rporated secures Sharpe Ratio (or Efficiency) of 0.0598, which signifies that the company had a 0.0598% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ABM Industries Incorporated, which you can use to evaluate the volatility of the entity. Please confirm ABM Industries' Downside Deviation of 1.38, coefficient of variation of 2011.07, and Mean Deviation of 1.06 to double-check if the risk estimate we provide is consistent with the expected return of 0.0897%. ABM Industries has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.2, 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, ABM Industries will likely underperform. ABM Industries rporated at this time shows a risk of 1.5%. Please confirm ABM Industries rporated jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if ABM Industries rporated will be following its price patterns.
Auto-correlation | 0.42 |
Average predictability
ABM Industries Incorporated has average predictability. Overlapping area represents the amount of predictability between ABM Industries time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th 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 ABM Industries rporated price movement. The serial correlation of 0.42 indicates that just about 42.0% of current ABM Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
ABM Industries rporated lagged returns against current returns
Autocorrelation, which is ABM Industries 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 ABM Industries' stock expected returns. We can calculate the autocorrelation of ABM Industries returns to help us make a trade decision. For example, suppose you find that ABM Industries 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 |
ABM Industries 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 ABM Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABM Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABM Industries stock over time.
Current vs Lagged Prices |
| Timeline |
ABM Industries Lagged Returns
When evaluating ABM Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABM Industries stock have on its future price. ABM Industries 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, ABM Industries autocorrelation shows the relationship between ABM Industries stock current value and its past values and can show if there is a momentum factor associated with investing in ABM Industries Incorporated.
Regressed Prices |
| Timeline |
Pair Trading with ABM Industries
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 ABM Industries 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 ABM Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with ABM Stock
| 0.89 | NL | NL Industries | PairCorr |
Moving against ABM Stock
| 0.83 | HDSN | Hudson Technologies Financial Report 1st of May 2024 | PairCorr |
| 0.71 | AMBI | Ambipar Emergency Report 10th of May 2024 | PairCorr |
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| 0.61 | CLVT | CLARIVATE PLC Financial Report 14th of May 2024 | PairCorr |
| 0.55 | BTM | Bitcoin Depot Symbol Change | PairCorr |
The ability to find closely correlated positions to ABM Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABM Industries 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 ABM Industries - 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 ABM Industries Incorporated to buy it.
The correlation of ABM Industries 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 ABM Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABM Industries rporated 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 ABM Industries 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 ABM Industries Correlation, ABM Industries Volatility and ABM Industries Alpha and Beta module to complement your research on ABM Industries. Note that the ABM Industries rporated information on this page should be used as a complementary analysis to other ABM Industries' 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for ABM Stock analysis
When running ABM Industries' price analysis, check to measure ABM Industries' 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 ABM Industries is operating at the current time. Most of ABM Industries' value examination focuses on studying past and present price action to predict the probability of ABM Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABM Industries' price. Additionally, you may evaluate how the addition of ABM Industries to your portfolios can decrease your overall portfolio volatility.
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ABM Industries 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.