Asbury Automotive Stock Forecast - Daily Balance Of Power
| ABG Stock | USD 216.86 1.74 0.81% |
Asbury Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Asbury Automotive stock prices and determine the direction of Asbury Automotive Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Asbury Automotive's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Asbury Automotive's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Asbury Automotive's systematic risk associated with finding meaningful patterns of Asbury Automotive fundamentals over time.
Check out Historical Fundamental Analysis of Asbury Automotive to cross-verify your projections. Asbury |
Open Interest Against 2024-05-17 Asbury Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Asbury Automotive's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Asbury Automotive's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Asbury Automotive stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Asbury Automotive's open interest, investors have to compare it to Asbury Automotive's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Asbury Automotive is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Asbury. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Asbury Automotive cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Asbury Automotive's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Asbury Automotive's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Asbury Automotive Group market sensitivity to bulls and bears. It estimates the ability of Asbury Automotive buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Asbury Automotive Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.8451 | 0.4037 |
| Check Asbury Automotive Volatility | Backtest Asbury Automotive | Information Ratio |
Asbury Automotive Trading Date Momentum
| On April 22 2024 Asbury Automotive Group was traded for 216.86 at the closing time. Highest Asbury Automotive's price during the trading hours was 218.81 and the lowest price during the day was 214.50 . The net volume was 152.2 K. The overall trading history on the 22nd of April did not affect price variability. The overall trading delta to current price is 0.82% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Asbury Automotive to competition |
Other Forecasting Options for Asbury Automotive
For every potential investor in Asbury, whether a beginner or expert, Asbury Automotive's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Asbury Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Asbury. Basic forecasting techniques help filter out the noise by identifying Asbury Automotive's price trends.Asbury Automotive Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Asbury Automotive stock to make a market-neutral strategy. Peer analysis of Asbury Automotive could also be used in its relative valuation, which is a method of valuing Asbury Automotive by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Asbury Automotive Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Asbury Automotive's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Asbury Automotive's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Asbury Automotive Market Strength Events
Market strength indicators help investors to evaluate how Asbury Automotive stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Asbury Automotive shares will generate the highest return on investment. By undertsting and applying Asbury Automotive stock market strength indicators, traders can identify Asbury Automotive Group entry and exit signals to maximize returns.
| Accumulation Distribution | 2997.42 | |||
| Daily Balance Of Power | 0.4037 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 216.66 | |||
| Day Typical Price | 216.72 | |||
| Price Action Indicator | 1.08 | |||
| Period Momentum Indicator | 1.74 |
Asbury Automotive Risk Indicators
The analysis of Asbury Automotive's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Asbury Automotive's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting asbury stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.4 | |||
| Semi Deviation | 1.86 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.55 | |||
| Downside Variance | 3.83 | |||
| Semi Variance | 3.46 | |||
| Expected Short fall | (1.39) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Asbury Automotive Investors Sentiment
The influence of Asbury Automotive's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Asbury. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Asbury Automotive's public news can be used to forecast risks associated with an investment in Asbury. The trend in average sentiment can be used to explain how an investor holding Asbury can time the market purely based on public headlines and social activities around Asbury Automotive Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Asbury Automotive's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Asbury Automotive's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Asbury Automotive's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Asbury Automotive.
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 Asbury Automotive 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, Asbury Automotive's short interest history, or implied volatility extrapolated from Asbury Automotive options trading.
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 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
| 0.48 | BIG | Big Lots Financial Report 24th of May 2024 | 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 Historical Fundamental Analysis of Asbury Automotive to cross-verify your projections. 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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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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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 28.74 | 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.