The Aarons Stock Market Value
| AAN Stock | USD 7.35 0.02 0.27% |
| Symbol | Aarons |
Aarons Price To Book Ratio
Is Aarons' 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 Aarons. If investors know Aarons 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 Aarons 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 (0.40) | Dividend Share 0.5 | Earnings Share 0.09 | Revenue Per Share 69.527 | Quarterly Revenue Growth (0.10) |
The market value of Aarons is measured differently than its book value, which is the value of Aarons that is recorded on the company's balance sheet. Investors also form their own opinion of Aarons' value that differs from its market value or its book value, called intrinsic value, which is Aarons' 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 Aarons' market value can be influenced by many factors that don't directly affect Aarons' 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 Aarons' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aarons is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aarons' 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.
Aarons '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 Aarons' 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 Aarons.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Aarons on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding The Aarons or generate 0.0% return on investment in Aarons over 30 days. Aarons is related to or competes with Floor Decor, Live Ventures, LL Flooring, Arhaus, Home Depot, Lowes Companies, and Tile Shop. The Aarons Company, Inc. provides lease-to-own and purchase solutions More
Aarons 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 Aarons' 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 The Aarons upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 22.32 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 3.82 |
Aarons Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aarons' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aarons' standard deviation. In reality, there are many statistical measures that can use Aarons historical prices to predict the future Aarons' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aarons' 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.
Aarons Backtested Returns
Aarons secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of standard deviation over the last 3 months. The Aarons exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aarons' Coefficient Of Variation of (842.37), mean deviation of 2.25, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.73, 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, Aarons will likely underperform. Aarons has an expected return of -0.51%. Please make sure to confirm Aarons potential upside, day median price, and the relationship between the total risk alpha and accumulation distribution , to decide if Aarons performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
The Aarons has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aarons time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Aarons price movement. The serial correlation of -0.16 indicates that over 16.0% of current Aarons price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Aarons lagged returns against current returns
Autocorrelation, which is Aarons 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 Aarons' stock expected returns. We can calculate the autocorrelation of Aarons returns to help us make a trade decision. For example, suppose you find that Aarons 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 |
Aarons 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 Aarons stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aarons stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aarons stock over time.
Current vs Lagged Prices |
| Timeline |
Aarons Lagged Returns
When evaluating Aarons' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aarons stock have on its future price. Aarons 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, Aarons autocorrelation shows the relationship between Aarons stock current value and its past values and can show if there is a momentum factor associated with investing in The Aarons.
Regressed Prices |
| Timeline |
Pair Trading with Aarons
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 Aarons 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 Aarons will appreciate offsetting losses from the drop in the long position's value.Moving together with Aarons Stock
| 0.8 | BQ | Boqii Holding Limited | PairCorr |
Moving against Aarons Stock
| 0.95 | EBAY | eBay Inc Earnings Call This Week | PairCorr |
| 0.78 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.77 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
| 0.76 | AN | AutoNation Earnings Call This Week | PairCorr |
| 0.76 | DRVN | Driven Brands Holdings Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Aarons could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aarons 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 Aarons - 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 The Aarons to buy it.
The correlation of Aarons 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 Aarons moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aarons 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 Aarons 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 Aarons Correlation, Aarons Volatility and Aarons Alpha and Beta module to complement your research on Aarons. Note that the Aarons information on this page should be used as a complementary analysis to other Aarons' 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Aarons Stock analysis
When running Aarons' price analysis, check to measure Aarons' 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 Aarons is operating at the current time. Most of Aarons' value examination focuses on studying past and present price action to predict the probability of Aarons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aarons' price. Additionally, you may evaluate how the addition of Aarons to your portfolios can decrease your overall portfolio volatility.
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Aarons 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.