Associated British Foods Stock Market Value
| ASBFY Stock | USD 33.55 0.59 1.73% |
| Symbol | Associated |
Associated British '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 Associated British's pink sheet 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 Associated British.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Associated British on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Associated British Foods or generate 0.0% return on investment in Associated British over 720 days. Associated British is related to or competes with Kellanova, Lancaster Colony, A2 Milk, Artisan Consumer, Emmi AG, and General Mills. Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide More
Associated British 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 Associated British's pink sheet 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 Associated British Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.1107 | |||
| Maximum Drawdown | 7.7 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.64 |
Associated British Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Associated British's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Associated British's standard deviation. In reality, there are many statistical measures that can use Associated British historical prices to predict the future Associated British's volatility.| Risk Adjusted Performance | 0.1074 | |||
| Jensen Alpha | 0.2137 | |||
| Total Risk Alpha | 0.0363 | |||
| Sortino Ratio | 0.1559 | |||
| Treynor Ratio | 0.3147 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Associated British'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.
Associated British Foods Backtested Returns
We consider Associated British very steady. Associated British Foods secures Sharpe Ratio (or Efficiency) of 0.0957, which signifies that the company had a 0.0957% return per unit of risk over the last 3 months. We have found thirty technical indicators for Associated British Foods, which you can use to evaluate the volatility of the firm. Please confirm Associated British's Risk Adjusted Performance of 0.1074, downside deviation of 1.33, and Mean Deviation of 1.23 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Associated British has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.93, which signifies possible diversification benefits within a given portfolio. Associated British returns are very sensitive to returns on the market. As the market goes up or down, Associated British is expected to follow. Associated British Foods right now shows a risk of 1.91%. Please confirm Associated British Foods expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Associated British Foods will be following its price patterns.
Auto-correlation | 0.67 |
Good predictability
Associated British Foods has good predictability. Overlapping area represents the amount of predictability between Associated British time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Associated British Foods price movement. The serial correlation of 0.67 indicates that around 67.0% of current Associated British price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 7.99 |
Associated British Foods lagged returns against current returns
Autocorrelation, which is Associated British pink sheet'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 Associated British's pink sheet expected returns. We can calculate the autocorrelation of Associated British returns to help us make a trade decision. For example, suppose you find that Associated British has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Associated British 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 Associated British pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Associated British pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Associated British pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Associated British Lagged Returns
When evaluating Associated British's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Associated British pink sheet have on its future price. Associated British 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, Associated British autocorrelation shows the relationship between Associated British pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Associated British Foods.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Associated British in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Associated British's short interest history, or implied volatility extrapolated from Associated British options trading.
Pair Trading with Associated British
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 Associated British 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 Associated British will appreciate offsetting losses from the drop in the long position's value.Moving together with Associated Pink Sheet
| 0.85 | GIS | General Mills Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to Associated British could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Associated British 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 Associated British - 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 Associated British Foods to buy it.
The correlation of Associated British 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 Associated British moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Associated British Foods 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 Associated British 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 Associated British Correlation, Associated British Volatility and Associated British Alpha and Beta module to complement your research on Associated British. Note that the Associated British Foods information on this page should be used as a complementary analysis to other Associated British'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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Associated Pink Sheet analysis
When running Associated British's price analysis, check to measure Associated British'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 Associated British is operating at the current time. Most of Associated British's value examination focuses on studying past and present price action to predict the probability of Associated British's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Associated British's price. Additionally, you may evaluate how the addition of Associated British to your portfolios can decrease your overall portfolio volatility.
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Associated British technical pink sheet 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, pink sheet market cycles, or different charting patterns.