Acuity Brands Stock Beta
| AYI Stock | USD 253.09 2.10 0.82% |
Acuity Brands fundamentals help investors to digest information that contributes to Acuity Brands' financial success or failures. It also enables traders to predict the movement of Acuity Stock. The fundamental analysis module provides a way to measure Acuity Brands' 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 Acuity Brands stock.
Acuity | Beta |
Acuity Brands Company Beta Analysis
Acuity Brands' 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 Acuity Brands Beta | 1.47 |
Most of Acuity Brands' 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, Acuity Brands is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Acuity Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Acuity Brands is extremely important. It helps to project a fair market value of Acuity Stock properly, considering its historical fundamentals such as Beta. Since Acuity Brands' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Acuity Brands' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Acuity Brands' interrelated accounts and indicators.
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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, Acuity Brands has a Beta of 1.467. This is 7.08% higher than that of the Electrical Equipment sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
Acuity Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Acuity Brands' 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 Acuity Brands could also be used in its relative valuation, which is a method of valuing Acuity Brands by comparing valuation metrics of similar companies.Acuity Brands is rated second in beta category among related companies.
Acuity Brands ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Acuity Brands' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Acuity Brands' managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Acuity Brands Institutional Holders
Institutional Holdings refers to the ownership stake in Acuity Brands that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Acuity Brands' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Acuity Brands' value.| Shares | Cooke & Bieler Lp | 2023-12-31 | 602.6 K | Geode Capital Management, Llc | 2023-12-31 | 535.4 K | Lsv Asset Management | 2023-12-31 | 517.3 K | Aqr Capital Management Llc | 2023-12-31 | 456.9 K | Fidelity International Ltd | 2023-12-31 | 427 K | Pzena Investment Management, Llc | 2023-12-31 | 425.5 K | Sound Shore Management Inc | 2023-12-31 | 347.5 K | Allen Operations Llc | 2023-12-31 | 344.1 K | Norges Bank | 2023-12-31 | 335.3 K | Fmr Inc | 2023-12-31 | 3.5 M | Vanguard Group Inc | 2023-12-31 | 3.2 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Acuity Brands will likely underperform.
Acuity Fundamentals
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0932 | ||||
| Profit Margin | 0.1 % | ||||
| Operating Margin | 0.13 % | ||||
| Current Valuation | 7.72 B | ||||
| Shares Outstanding | 30.8 M | ||||
| Shares Owned By Insiders | 0.19 % | ||||
| Shares Owned By Institutions | 99.81 % | ||||
| Number Of Shares Shorted | 1.09 M | ||||
| Price To Earning | 17.22 X | ||||
| Price To Book | 3.69 X | ||||
| Price To Sales | 2.06 X | ||||
| Revenue | 3.95 B | ||||
| Gross Profit | 1.71 B | ||||
| EBITDA | 585.7 M | ||||
| Net Income | 346 M | ||||
| Cash And Equivalents | 397.9 M | ||||
| Cash Per Share | 7.03 X | ||||
| Total Debt | 495.6 M | ||||
| Debt To Equity | 0.31 % | ||||
| Current Ratio | 2.00 X | ||||
| Book Value Per Share | 70.25 X | ||||
| Cash Flow From Operations | 578.1 M | ||||
| Short Ratio | 4.70 X | ||||
| Earnings Per Share | 11.95 X | ||||
| Price To Earnings To Growth | 1.80 X | ||||
| Target Price | 287.72 | ||||
| Number Of Employees | 12 K | ||||
| Beta | 1.47 | ||||
| Market Capitalization | 7.86 B | ||||
| Total Asset | 3.41 B | ||||
| Retained Earnings | 3.51 B | ||||
| Working Capital | 799.8 M | ||||
| Current Asset | 1.32 B | ||||
| Current Liabilities | 672.5 M | ||||
| Annual Yield | 0 % | ||||
| Five Year Return | 0.38 % | ||||
| Net Asset | 3.41 B | ||||
| Last Dividend Paid | 0.54 |
About Acuity Brands Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Acuity Brands's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Acuity Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Acuity Brands 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 Acuity Brands
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 Acuity Brands 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 Acuity Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Acuity Stock
| 0.83 | ROBOF | RoboGroup TEK | PairCorr |
Moving against Acuity Stock
| 0.83 | EVRC | Evercel | PairCorr |
| 0.78 | ENR | Energizer Holdings Financial Report 13th of May 2024 | PairCorr |
| 0.6 | ENVX | Enovix Corp | PairCorr |
| 0.57 | KE | Kimball Electronics Financial Report 2nd of May 2024 | PairCorr |
| 0.48 | EPOW | Sunrise New Energy Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Acuity Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acuity Brands 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 Acuity Brands - 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 Acuity Brands to buy it.
The correlation of Acuity Brands 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 Acuity Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acuity Brands 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 Acuity Brands 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 Acuity Brands Piotroski F Score and Acuity Brands Altman Z Score analysis. For more detail on how to invest in Acuity Stock please use our How to Invest in Acuity Brands guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Acuity Stock analysis
When running Acuity Brands' price analysis, check to measure Acuity Brands' 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 Acuity Brands is operating at the current time. Most of Acuity Brands' value examination focuses on studying past and present price action to predict the probability of Acuity Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acuity Brands' price. Additionally, you may evaluate how the addition of Acuity Brands to your portfolios can decrease your overall portfolio volatility.
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Is Acuity Brands' 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 Acuity Brands. If investors know Acuity 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 Acuity Brands 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 0.105 | Dividend Share 0.54 | Earnings Share 11.95 | Revenue Per Share 123.491 | Quarterly Revenue Growth (0.04) |
The market value of Acuity Brands is measured differently than its book value, which is the value of Acuity that is recorded on the company's balance sheet. Investors also form their own opinion of Acuity Brands' value that differs from its market value or its book value, called intrinsic value, which is Acuity Brands' 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 Acuity Brands' market value can be influenced by many factors that don't directly affect Acuity Brands' 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 Acuity Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Acuity Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acuity Brands' 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.