Associated Capital Group Stock Market Value
| AC Stock | USD 32.30 0.06 0.19% |
| Symbol | Associated |
Associated Capital Price To Book Ratio
Is Associated Capital'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 Associated Capital. If investors know Associated 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 Associated Capital 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 0.214 | Dividend Share 0.2 | Earnings Share 1.72 | Revenue Per Share 0.583 | Quarterly Revenue Growth (0.25) |
The market value of Associated Capital is measured differently than its book value, which is the value of Associated that is recorded on the company's balance sheet. Investors also form their own opinion of Associated Capital's value that differs from its market value or its book value, called intrinsic value, which is Associated Capital'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 Associated Capital's market value can be influenced by many factors that don't directly affect Associated Capital'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 Associated Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Associated Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Associated Capital'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.
Associated Capital '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 Associated Capital'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 Associated Capital.
| 10/26/2022 |
| 04/18/2024 |
If you would invest 0.00 in Associated Capital on October 26, 2022 and sell it all today you would earn a total of 0.00 from holding Associated Capital Group or generate 0.0% return on investment in Associated Capital over 540 days. Associated Capital is related to or competes with Abrdn Emerging, DWS Municipal, AssetMark Financial, Blackrock Muni, Blackrock Muniyield, Brookfield Business, and Brightsphere Investment. Associated Capital Group, Inc. provides investment advisory services in the United States More
Associated Capital 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 Associated Capital'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 Associated Capital Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.75 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.58 |
Associated Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Associated Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Associated Capital's standard deviation. In reality, there are many statistical measures that can use Associated Capital historical prices to predict the future Associated Capital's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Associated Capital'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.
Associated Capital Backtested Returns
Associated Capital secures Sharpe Ratio (or Efficiency) of -0.0825, which signifies that the company had a -0.0825% return per unit of risk over the last 3 months. Associated Capital Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Associated Capital's Standard Deviation of 1.04, risk adjusted performance of (0.05), and Mean Deviation of 0.7913 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Associated Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Associated Capital is expected to be smaller as well. Associated Capital has an expected return of -0.0874%. Please make sure to confirm Associated Capital maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Associated Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Associated Capital Group has good predictability. Overlapping area represents the amount of predictability between Associated Capital time series from 26th of October 2022 to 23rd of July 2023 and 23rd of July 2023 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 Associated Capital price movement. The serial correlation of 0.73 indicates that around 73.0% of current Associated Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 2.26 |
Associated Capital lagged returns against current returns
Autocorrelation, which is Associated Capital 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 Associated Capital's stock expected returns. We can calculate the autocorrelation of Associated Capital returns to help us make a trade decision. For example, suppose you find that Associated Capital 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 |
Associated Capital 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 Associated Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Associated Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Associated Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Associated Capital Lagged Returns
When evaluating Associated Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Associated Capital stock have on its future price. Associated Capital 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, Associated Capital autocorrelation shows the relationship between Associated Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Associated Capital Group.
Regressed Prices |
| Timeline |
Pair Trading with Associated Capital
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 Associated Capital 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 Associated Capital will appreciate offsetting losses from the drop in the long position's value.Moving against Associated Stock
| 0.71 | APO | Apollo Global Management Financial Report 14th of May 2024 | PairCorr |
| 0.68 | AXP | American Express Earnings Call Tomorrow | PairCorr |
| 0.67 | CG | Carlyle Group Financial Report 2nd of May 2024 | PairCorr |
| 0.67 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.64 | ROCLW | Roth CH Acquisition | PairCorr |
The ability to find closely correlated positions to Associated Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Associated Capital 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 Associated Capital - 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 Associated Capital Group to buy it.
The correlation of Associated Capital 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 Associated Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Associated Capital 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 Associated Capital 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 Associated Capital Correlation, Associated Capital Volatility and Associated Capital Alpha and Beta module to complement your research on Associated Capital. Note that the Associated Capital information on this page should be used as a complementary analysis to other Associated Capital'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Associated Stock analysis
When running Associated Capital's price analysis, check to measure Associated Capital'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 Associated Capital is operating at the current time. Most of Associated Capital's value examination focuses on studying past and present price action to predict the probability of Associated Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Associated Capital's price. Additionally, you may evaluate how the addition of Associated Capital to your portfolios can decrease your overall portfolio volatility.
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Associated Capital 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.