Arcbest Corp Stock Market Value
| ARCB Stock | USD 137.00 8.95 6.13% |
| Symbol | ArcBest |
ArcBest Corp Price To Book Ratio
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.
Quarterly Earnings Growth 0.354 | Dividend Share 0.48 | Earnings Share 5.77 | Revenue Per Share 184.332 | Quarterly Revenue Growth (0.06) |
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.
ArcBest Corp '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 ArcBest Corp's 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 ArcBest Corp.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in ArcBest Corp on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding ArcBest Corp or generate 0.0% return on investment in ArcBest Corp over 30 days. ArcBest Corp is related to or competes with TFI International, Morningstar Unconstrained, and SPACE. ArcBest Corporation provides freight transportation and integrated logistics services More
ArcBest Corp 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 ArcBest Corp's 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 ArcBest Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.0966 | |||
| Maximum Drawdown | 14.71 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.81 |
ArcBest Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ArcBest Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ArcBest Corp's standard deviation. In reality, there are many statistical measures that can use ArcBest Corp historical prices to predict the future ArcBest Corp's volatility.| Risk Adjusted Performance | 0.0901 | |||
| Jensen Alpha | 0.1544 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1147 | |||
| Treynor Ratio | 0.1549 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ArcBest Corp's 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.
ArcBest Corp Backtested Returns
ArcBest Corp appears to be very steady, given 3 months investment horizon. ArcBest Corp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for ArcBest Corp, which you can use to evaluate the volatility of the firm. Please makes use of ArcBest Corp's mean deviation of 2.01, and Risk Adjusted Performance of 0.0901 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ArcBest Corp holds a performance score of 10. The firm shows a Beta (market volatility) of 2.22, 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, ArcBest Corp will likely underperform. Please check ArcBest Corp's information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to make a quick decision on whether ArcBest Corp's price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
ArcBest Corp has very good reverse predictability. Overlapping area represents the amount of predictability between ArcBest Corp time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 ArcBest Corp price movement. The serial correlation of -0.69 indicates that around 69.0% of current ArcBest Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 30.48 |
ArcBest Corp lagged returns against current returns
Autocorrelation, which is ArcBest Corp 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 ArcBest Corp's stock expected returns. We can calculate the autocorrelation of ArcBest Corp returns to help us make a trade decision. For example, suppose you find that ArcBest Corp 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 |
ArcBest Corp 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 ArcBest Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ArcBest Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ArcBest Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ArcBest Corp Lagged Returns
When evaluating ArcBest Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ArcBest Corp stock have on its future price. ArcBest Corp 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, ArcBest Corp autocorrelation shows the relationship between ArcBest Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ArcBest Corp.
Regressed Prices |
| Timeline |
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
| 0.57 | ATSG | Air Transport Services Financial Report 2nd of May 2024 | PairCorr |
| 0.56 | HA | Hawaiian Holdings | PairCorr |
| 0.51 | SRFM | Surf Air Mobility | PairCorr |
| 0.48 | AZUL | Azul SA Financial Report 20th of May 2024 | PairCorr |
| 0.44 | ALGT | Allegiant Travel Earnings Call This Week | 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 Correlation, ArcBest Corp Volatility and ArcBest Corp Alpha and Beta module to complement your research on ArcBest Corp. 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
ArcBest Corp 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.