Acv Auctions Stock Market Value
| ACVA Stock | USD 17.50 0.19 1.10% |
| Symbol | ACV |
Is ACV Auctions' 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 ACV Auctions. If investors know ACV 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 ACV Auctions 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 ACV Auctions is measured differently than its book value, which is the value of ACV that is recorded on the company's balance sheet. Investors also form their own opinion of ACV Auctions' value that differs from its market value or its book value, called intrinsic value, which is ACV Auctions' 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 ACV Auctions' market value can be influenced by many factors that don't directly affect ACV Auctions' 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 ACV Auctions' value and its price as these two are different measures arrived at by different means. Investors typically determine if ACV Auctions is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ACV Auctions' 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.
ACV Auctions '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 ACV Auctions' 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 ACV Auctions.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in ACV Auctions on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding ACV Auctions or generate 0.0% return on investment in ACV Auctions over 90 days. ACV Auctions is related to or competes with CarGurus, KAR Auction, Kingsway Financial, Driven Brands, Group 1, Cars, and Rush Enterprises. ACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale ve... More
ACV Auctions 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 ACV Auctions' 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 ACV Auctions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.1192 | |||
| Maximum Drawdown | 21.4 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 4.03 |
ACV Auctions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ACV Auctions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ACV Auctions' standard deviation. In reality, there are many statistical measures that can use ACV Auctions historical prices to predict the future ACV Auctions' volatility.| Risk Adjusted Performance | 0.0988 | |||
| Jensen Alpha | 0.2552 | |||
| Total Risk Alpha | 0.0491 | |||
| Sortino Ratio | 0.1537 | |||
| Treynor Ratio | 0.1797 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ACV Auctions' 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.
ACV Auctions Backtested Returns
ACV Auctions appears to be not too volatile, given 3 months investment horizon. ACV Auctions secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ACV Auctions, which you can use to evaluate the volatility of the entity. Please makes use of ACV Auctions' Coefficient Of Variation of 678.64, market risk adjusted performance of 0.1897, and Mean Deviation of 2.0 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ACV Auctions holds a performance score of 11. The firm shows a Beta (market volatility) of 2.54, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ACV Auctions will likely underperform. Please check ACV Auctions' expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether ACV Auctions' price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
ACV Auctions has good reverse predictability. Overlapping area represents the amount of predictability between ACV Auctions time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd 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 ACV Auctions price movement. The serial correlation of -0.53 indicates that about 53.0% of current ACV Auctions price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
ACV Auctions lagged returns against current returns
Autocorrelation, which is ACV Auctions 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 ACV Auctions' stock expected returns. We can calculate the autocorrelation of ACV Auctions returns to help us make a trade decision. For example, suppose you find that ACV Auctions 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 |
ACV Auctions 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 ACV Auctions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ACV Auctions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ACV Auctions stock over time.
Current vs Lagged Prices |
| Timeline |
ACV Auctions Lagged Returns
When evaluating ACV Auctions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ACV Auctions stock have on its future price. ACV Auctions 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, ACV Auctions autocorrelation shows the relationship between ACV Auctions stock current value and its past values and can show if there is a momentum factor associated with investing in ACV Auctions.
Regressed Prices |
| Timeline |
Pair Trading with ACV Auctions
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 ACV Auctions 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 ACV Auctions will appreciate offsetting losses from the drop in the long position's value.Moving together with ACV Stock
| 0.7 | BV | BrightView Holdings Financial Report 2nd of May 2024 | PairCorr |
| 0.85 | LZ | LegalZoom Financial Report 14th of May 2024 | PairCorr |
| 0.75 | MG | Mistras Group | PairCorr |
Moving against ACV Stock
| 0.66 | VRSK | Verisk Analytics Financial Report 1st of May 2024 | PairCorr |
| 0.62 | FA | First Advantage Corp Financial Report 8th of May 2024 | PairCorr |
| 0.62 | DLHC | DLH Holdings Corp Financial Report 1st of May 2024 | PairCorr |
| 0.45 | FC | Franklin Covey Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to ACV Auctions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACV Auctions 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 ACV Auctions - 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 ACV Auctions to buy it.
The correlation of ACV Auctions 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 ACV Auctions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ACV Auctions 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 ACV Auctions 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 ACV Auctions Correlation, ACV Auctions Volatility and ACV Auctions Alpha and Beta module to complement your research on ACV Auctions. For information on how to trade ACV Stock refer to our How to Trade ACV Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for ACV Stock analysis
When running ACV Auctions' price analysis, check to measure ACV Auctions' 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 ACV Auctions is operating at the current time. Most of ACV Auctions' value examination focuses on studying past and present price action to predict the probability of ACV Auctions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ACV Auctions' price. Additionally, you may evaluate how the addition of ACV Auctions to your portfolios can decrease your overall portfolio volatility.
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ACV Auctions 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.