Armstrong World Industries Stock Market Value
| AWI Stock | USD 114.69 0.96 0.83% |
| Symbol | Armstrong |
Armstrong World Indu Price To Book Ratio
Is Armstrong World'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 Armstrong World. If investors know Armstrong 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 Armstrong World 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 (0.01) | Dividend Share 1.068 | Earnings Share 4.98 | Revenue Per Share 28.975 | Quarterly Revenue Growth 0.026 |
The market value of Armstrong World Indu is measured differently than its book value, which is the value of Armstrong that is recorded on the company's balance sheet. Investors also form their own opinion of Armstrong World's value that differs from its market value or its book value, called intrinsic value, which is Armstrong World'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 Armstrong World's market value can be influenced by many factors that don't directly affect Armstrong World'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 Armstrong World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Armstrong World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Armstrong World'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.
Armstrong World '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 Armstrong World'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 Armstrong World.
| 03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Armstrong World on March 18, 2024 and sell it all today you would earn a total of 0.00 from holding Armstrong World Industries or generate 0.0% return on investment in Armstrong World over 30 days. Armstrong World is related to or competes with Quanex Building, Gibraltar Industries, Beacon Roofing, Janus International, Trex, Apogee Enterprises, and Jeld Wen. Armstrong World Industries, Inc., together with its subsidiaries, designs, manufactures, and sells ceiling systems prima... More
Armstrong World 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 Armstrong World'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 Armstrong World Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.1055 | |||
| Maximum Drawdown | 14.07 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.79 |
Armstrong World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Armstrong World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Armstrong World's standard deviation. In reality, there are many statistical measures that can use Armstrong World historical prices to predict the future Armstrong World's volatility.| Risk Adjusted Performance | 0.0922 | |||
| Jensen Alpha | 0.1921 | |||
| Total Risk Alpha | 0.1065 | |||
| Sortino Ratio | 0.1735 | |||
| Treynor Ratio | 0.2331 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Armstrong World'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.
Armstrong World Indu Backtested Returns
Armstrong World appears to be very steady, given 3 months investment horizon. Armstrong World Indu secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Armstrong World Industries, which you can use to evaluate the volatility of the firm. Please makes use of Armstrong World's Risk Adjusted Performance of 0.0922, downside deviation of 1.11, and Mean Deviation of 1.11 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Armstrong World holds a performance score of 10. The firm shows a Beta (market volatility) of 1.02, which signifies a somewhat significant risk relative to the market. Armstrong World returns are very sensitive to returns on the market. As the market goes up or down, Armstrong World is expected to follow. Please check Armstrong World's total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Armstrong World's price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Armstrong World Industries has average predictability. Overlapping area represents the amount of predictability between Armstrong World time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th 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 Armstrong World Indu price movement. The serial correlation of 0.47 indicates that about 47.0% of current Armstrong World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 4.5 |
Armstrong World Indu lagged returns against current returns
Autocorrelation, which is Armstrong World 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 Armstrong World's stock expected returns. We can calculate the autocorrelation of Armstrong World returns to help us make a trade decision. For example, suppose you find that Armstrong World 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 |
Armstrong World 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 Armstrong World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Armstrong World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Armstrong World stock over time.
Current vs Lagged Prices |
| Timeline |
Armstrong World Lagged Returns
When evaluating Armstrong World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Armstrong World stock have on its future price. Armstrong World 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, Armstrong World autocorrelation shows the relationship between Armstrong World stock current value and its past values and can show if there is a momentum factor associated with investing in Armstrong World Industries.
Regressed Prices |
| Timeline |
Armstrong World Investors Sentiment
The influence of Armstrong World'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 Armstrong. 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 Armstrong World's public news can be used to forecast risks associated with an investment in Armstrong. The trend in average sentiment can be used to explain how an investor holding Armstrong can time the market purely based on public headlines and social activities around Armstrong World Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Armstrong World'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 Armstrong World'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 Armstrong World's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Armstrong World.
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 Armstrong World 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, Armstrong World's short interest history, or implied volatility extrapolated from Armstrong World options trading.
Pair Trading with Armstrong World
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 Armstrong World 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 Armstrong World will appreciate offsetting losses from the drop in the long position's value.Moving together with Armstrong Stock
| 0.86 | NX | Quanex Building Products Financial Report 6th of June 2024 | PairCorr |
| 0.9 | TT | Trane Technologies plc Financial Report 1st of May 2024 | PairCorr |
| 0.88 | DOOR | Masonite International Financial Report 13th of May 2024 | PairCorr |
Moving against Armstrong Stock
| 0.59 | PPIH | Perma Pipe Internati Earnings Call Next Week | PairCorr |
| 0.59 | ROCK | Gibraltar Industries Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Armstrong World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Armstrong World 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 Armstrong World - 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 Armstrong World Industries to buy it.
The correlation of Armstrong World 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 Armstrong World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Armstrong World Indu 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 Armstrong World 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 Armstrong World Correlation, Armstrong World Volatility and Armstrong World Alpha and Beta module to complement your research on Armstrong World. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Armstrong Stock analysis
When running Armstrong World's price analysis, check to measure Armstrong World'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 Armstrong World is operating at the current time. Most of Armstrong World's value examination focuses on studying past and present price action to predict the probability of Armstrong World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Armstrong World's price. Additionally, you may evaluate how the addition of Armstrong World to your portfolios can decrease your overall portfolio volatility.
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Armstrong World 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.