Ashland Global Holdings Stock Market Value

ASH Stock  USD 97.37  0.24  0.25%   
Ashland Global's market value is the price at which a share of Ashland Global trades on a public exchange. It measures the collective expectations of Ashland Global Holdings investors about its performance. Ashland Global is trading at 97.37 as of the 28th of March 2024. This is a -0.25 percent down since the beginning of the trading day. The stock's open price was 97.61.
With this module, you can estimate the performance of a buy and hold strategy of Ashland Global Holdings and determine expected loss or profit from investing in Ashland Global over a given investment horizon. Check out Ashland Global Correlation, Ashland Global Volatility and Ashland Global Alpha and Beta module to complement your research on Ashland Global.
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Is Ashland Global'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 Ashland Global. If investors know Ashland 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 Ashland Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Ashland Global Holdings is measured differently than its book value, which is the value of Ashland that is recorded on the company's balance sheet. Investors also form their own opinion of Ashland Global's value that differs from its market value or its book value, called intrinsic value, which is Ashland Global'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 Ashland Global's market value can be influenced by many factors that don't directly affect Ashland Global'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 Ashland Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashland Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashland Global'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.

Ashland Global '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 Ashland Global'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 Ashland Global.
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02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
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If you would invest  0.00  in Ashland Global on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ashland Global Holdings or generate 0.0% return on investment in Ashland Global over 30 days. Ashland Global is related to or competes with Bank Of America, Jabil Circuit, Emerson Radio, NETGEAR, Transphorm Technology, HK Electric, and Playtika Holding. Ashland Inc. provides additives and specialty ingredients worldwide More

Ashland Global 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 Ashland Global'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 Ashland Global Holdings upside and downside potential and time the market with a certain degree of confidence.

Ashland Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashland Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashland Global's standard deviation. In reality, there are many statistical measures that can use Ashland Global historical prices to predict the future Ashland Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ashland Global'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
95.9998.33100.67
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Intrinsic
Valuation
LowRealHigh
95.5897.92100.26
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ashland Global. Your research has to be compared to or analyzed against Ashland Global's peers to derive any actionable benefits. When done correctly, Ashland Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ashland Global Holdings.

Ashland Global Holdings Backtested Returns

Ashland Global appears to be very steady, given 3 months investment horizon. Ashland Global Holdings secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Ashland Global Holdings, which you can use to evaluate the volatility of the firm. Please makes use of Ashland Global's mean deviation of 1.12, and Risk Adjusted Performance of 0.0708 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ashland Global holds a performance score of 8. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ashland Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ashland Global is expected to be smaller as well. Please check Ashland Global's information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Ashland Global's price patterns will revert.

Auto-correlation

    
  -0.05  

Very weak reverse predictability

Ashland Global Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Ashland Global time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Ashland Global Holdings price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Ashland Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.05
Spearman Rank Test0.02
Residual Average0.0
Price Variance0.68

Ashland Global Holdings lagged returns against current returns

Autocorrelation, which is Ashland Global 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 Ashland Global's stock expected returns. We can calculate the autocorrelation of Ashland Global returns to help us make a trade decision. For example, suppose you find that Ashland Global 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  

Ashland Global 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 Ashland Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashland Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashland Global stock over time.
   Current vs Lagged Prices   
       Timeline  

Ashland Global Lagged Returns

When evaluating Ashland Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashland Global stock have on its future price. Ashland Global 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, Ashland Global autocorrelation shows the relationship between Ashland Global stock current value and its past values and can show if there is a momentum factor associated with investing in Ashland Global Holdings.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ashland Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ashland Global's short interest history, or implied volatility extrapolated from Ashland Global options trading.

Pair Trading with Ashland Global

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 Ashland Global 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 Ashland Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ashland Stock

  0.67DNMR Danimer Scientific Financial Report 8th of May 2024 PairCorr

Moving against Ashland Stock

  0.67APD Air Products And Financial Report 14th of May 2024 PairCorr
  0.46CC Chemours Financial Report 25th of April 2024 PairCorr
The ability to find closely correlated positions to Ashland Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashland Global 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 Ashland Global - 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 Ashland Global Holdings to buy it.
The correlation of Ashland Global 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 Ashland Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashland Global Holdings 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 Ashland Global 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.
Pair CorrelationCorrelation Matching
When determining whether Ashland Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ashland Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ashland Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ashland Global Holdings Stock:
Check out Ashland Global Correlation, Ashland Global Volatility and Ashland Global Alpha and Beta module to complement your research on Ashland Global.
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When running Ashland Global's price analysis, check to measure Ashland Global'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 Ashland Global is operating at the current time. Most of Ashland Global's value examination focuses on studying past and present price action to predict the probability of Ashland Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashland Global's price. Additionally, you may evaluate how the addition of Ashland Global to your portfolios can decrease your overall portfolio volatility.
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Ashland Global 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.
A focus of Ashland Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ashland Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...