Arcbest Corp Stock Beta
| ARCB Stock | USD 145.95 6.42 4.60% |
ArcBest Corp fundamentals help investors to digest information that contributes to ArcBest Corp's financial success or failures. It also enables traders to predict the movement of ArcBest Stock. The fundamental analysis module provides a way to measure ArcBest Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ArcBest Corp stock.
ArcBest |
ArcBest Corp Company Beta Analysis
ArcBest Corp's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ArcBest Corp Beta | 1.51 |
Most of ArcBest Corp's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ArcBest Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, ArcBest Corp has a Beta of 1.506. This is 9.93% higher than that of the Ground Transportation sector and 2.45% higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
ArcBest Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ArcBest Corp's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ArcBest Corp could also be used in its relative valuation, which is a method of valuing ArcBest Corp by comparing valuation metrics of similar companies.ArcBest Corp is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ArcBest Corp will likely underperform.
ArcBest Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0488 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 3.39 B | ||||
| Shares Outstanding | 23.5 M | ||||
| Shares Owned By Insiders | 1.20 % | ||||
| Shares Owned By Institutions | 98.80 % | ||||
| Number Of Shares Shorted | 1.42 M | ||||
| Price To Earning | 6.17 X | ||||
| Price To Book | 2.82 X | ||||
| Price To Sales | 0.79 X | ||||
| Revenue | 4.43 B | ||||
| Gross Profit | 554.65 M | ||||
| EBITDA | 172.62 M | ||||
| Net Income | 142.16 M | ||||
| Cash And Equivalents | 203.86 M | ||||
| Cash Per Share | 8.31 X | ||||
| Total Debt | 437.73 M | ||||
| Debt To Equity | 0.33 % | ||||
| Current Ratio | 1.25 X | ||||
| Book Value Per Share | 52.72 X | ||||
| Cash Flow From Operations | 322.17 M | ||||
| Short Ratio | 4.14 X | ||||
| Earnings Per Share | 5.78 X | ||||
| Price To Earnings To Growth | 3.00 X | ||||
| Target Price | 159.1 | ||||
| Number Of Employees | 15 K | ||||
| Beta | 1.51 | ||||
| Market Capitalization | 3.28 B | ||||
| Total Asset | 2.49 B | ||||
| Retained Earnings | 1.27 B | ||||
| Working Capital | 183.22 M | ||||
| Current Asset | 552.08 M | ||||
| Current Liabilities | 364.6 M | ||||
| Annual Yield | 0 % | ||||
| Five Year Return | 0.82 % | ||||
| Net Asset | 2.49 B | ||||
| Last Dividend Paid | 0.48 |
About ArcBest Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ArcBest Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ArcBest Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ArcBest Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ArcBest Corp
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 ArcBest Corp 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 ArcBest Corp will appreciate offsetting losses from the drop in the long position's value.Moving against ArcBest Stock
| 0.53 | PTSI | PAM Transportation | PairCorr |
| 0.48 | HTLD | Heartland Express Financial Report 25th of April 2024 | PairCorr |
| 0.48 | BEST | BEST Inc | PairCorr |
| 0.47 | AP | Ampco Pittsburgh | PairCorr |
The ability to find closely correlated positions to ArcBest Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ArcBest Corp 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 ArcBest Corp - 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 ArcBest Corp to buy it.
The correlation of ArcBest Corp 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 ArcBest Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ArcBest Corp 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 ArcBest Corp 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 ArcBest Corp Piotroski F Score and ArcBest Corp Altman Z Score analysis. For information on how to trade ArcBest Stock refer to our How to Trade ArcBest Stock guide.Note that the ArcBest Corp information on this page should be used as a complementary analysis to other ArcBest Corp'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 ArcBest Stock analysis
When running ArcBest Corp's price analysis, check to measure ArcBest Corp'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 ArcBest Corp is operating at the current time. Most of ArcBest Corp's value examination focuses on studying past and present price action to predict the probability of ArcBest Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ArcBest Corp's price. Additionally, you may evaluate how the addition of ArcBest Corp to your portfolios can decrease your overall portfolio volatility.
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Is ArcBest Corp'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 ArcBest Corp. If investors know ArcBest 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 ArcBest Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ArcBest Corp is measured differently than its book value, which is the value of ArcBest that is recorded on the company's balance sheet. Investors also form their own opinion of ArcBest Corp's value that differs from its market value or its book value, called intrinsic value, which is ArcBest Corp'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 ArcBest Corp's market value can be influenced by many factors that don't directly affect ArcBest Corp'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 ArcBest Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ArcBest Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcBest Corp'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.