Asbury Automotive Stock Forecast - Daily Balance Of Power
| ABG Stock | USD 232.94 3.01 1.31% |
Asbury Stock Forecast is based on your current time horizon. 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.
Asbury |
Open Interest Against 2024-06-21 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 |
| (0.28) | 0.8451 |
| Check Asbury Automotive Volatility | Backtest Asbury Automotive | Trend Details |
Asbury Automotive Trading Date Momentum
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.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.
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 | 1.9 | |||
| Semi Deviation | 2.37 | |||
| Standard Deviation | 2.59 | |||
| Variance | 6.69 | |||
| Downside Variance | 7.09 | |||
| Semi Variance | 5.61 | |||
| Expected Short fall | (1.95) |
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.
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Additional Information and Resources on Investing in Asbury Stock
When determining whether Asbury Automotive is a strong investment it is important to analyze Asbury Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Asbury Automotive's future performance. For an informed investment choice regarding Asbury Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Asbury Automotive to cross-verify your projections. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Automotive Retail space 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 (0.14) | Earnings Share 27.57 | Revenue Per Share 749.531 | Quarterly Revenue Growth 0.173 | Return On Assets 0.0724 |
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.