Acuity Brands Related Correlations
AYI Stock | USD 268.73 1.14 0.43% |
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.
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.
Correlations
WIRE | MSFT | HPQ | KO | XOM | MRK | GE | AXP | ||
WIRE | 0.73 | -0.09 | 0.42 | 0.67 | 0.66 | 0.65 | 0.74 | WIRE | |
MSFT | 0.73 | -0.1 | 0.56 | 0.68 | 0.78 | 0.79 | 0.85 | MSFT | |
HPQ | -0.09 | -0.1 | 0.1 | 0.45 | -0.37 | 0.32 | 0.08 | HPQ | |
KO | 0.42 | 0.56 | 0.1 | 0.59 | 0.64 | 0.61 | 0.55 | KO | |
XOM | 0.67 | 0.68 | 0.45 | 0.59 | 0.47 | 0.92 | 0.86 | XOM | |
MRK | 0.66 | 0.78 | -0.37 | 0.64 | 0.47 | 0.61 | 0.74 | MRK | |
GE | 0.65 | 0.79 | 0.32 | 0.61 | 0.92 | 0.61 | 0.93 | GE | |
AXP | 0.74 | 0.85 | 0.08 | 0.55 | 0.86 | 0.74 | 0.93 | AXP | |
WIRE | MSFT | HPQ | KO | XOM | MRK | GE | AXP |
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Acuity Stock performing well and Acuity Brands Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Acuity Brands' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
WIRE | 1.62 | 0.11 | 0.10 | 0.19 | 1.77 | 3.33 | 9.29 | |||
MSFT | 0.89 | 0.05 | 0.05 | 0.18 | 0.89 | 2.11 | 5.31 | |||
HPQ | 1.00 | (0.16) | (0.09) | 0.01 | 1.17 | 1.81 | 6.21 | |||
KO | 0.50 | 0.03 | (0.08) | 0.19 | 0.45 | 1.20 | 3.53 | |||
XOM | 0.88 | 0.14 | 0.08 | 0.37 | 0.80 | 2.04 | 4.66 | |||
MRK | 0.68 | 0.23 | 0.27 | 0.44 | 0.00 | 1.95 | 6.92 | |||
GE | 0.93 | 0.33 | 0.31 | 0.38 | 0.64 | 2.26 | 6.39 | |||
AXP | 0.85 | 0.17 | 0.21 | 0.27 | 0.46 | 1.88 | 8.77 |