Ardmore Shpng Stock Market Value
| ASC Stock | USD 16.32 0.29 1.81% |
| Symbol | Ardmore |
Ardmore Shpng Price To Book Ratio
Is Ardmore Shpng'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 Ardmore Shpng. If investors know Ardmore 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 Ardmore Shpng 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 (0.51) | Dividend Share 0.91 | Earnings Share 2.71 | Revenue Per Share 9.627 | Quarterly Revenue Growth (0.26) |
The market value of Ardmore Shpng is measured differently than its book value, which is the value of Ardmore that is recorded on the company's balance sheet. Investors also form their own opinion of Ardmore Shpng's value that differs from its market value or its book value, called intrinsic value, which is Ardmore Shpng'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 Ardmore Shpng's market value can be influenced by many factors that don't directly affect Ardmore Shpng'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 Ardmore Shpng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ardmore Shpng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ardmore Shpng'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.
Ardmore Shpng '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 Ardmore Shpng'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 Ardmore Shpng.
| 03/01/2023 |
| 04/24/2024 |
If you would invest 0.00 in Ardmore Shpng on March 1, 2023 and sell it all today you would earn a total of 0.00 from holding Ardmore Shpng or generate 0.0% return on investment in Ardmore Shpng over 420 days. Ardmore Shpng is related to or competes with International Seaways, Scorpio Tankers, Dorian LPG, Euronav NV, and Teekay Tankers. Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide More
Ardmore Shpng 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 Ardmore Shpng'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 Ardmore Shpng upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.96 |
Ardmore Shpng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ardmore Shpng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ardmore Shpng's standard deviation. In reality, there are many statistical measures that can use Ardmore Shpng historical prices to predict the future Ardmore Shpng's volatility.| Risk Adjusted Performance | 0.0374 | |||
| Jensen Alpha | 0.0555 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2941 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ardmore Shpng'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.
Ardmore Shpng Backtested Returns
We consider Ardmore Shpng very steady. Ardmore Shpng secures Sharpe Ratio (or Efficiency) of 0.0425, which signifies that the company had a 0.0425% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Ardmore Shpng, which you can use to evaluate the volatility of the firm. Please confirm Ardmore Shpng's mean deviation of 1.25, and Risk Adjusted Performance of 0.0374 to double-check if the risk estimate we provide is consistent with the expected return of 0.0695%. Ardmore Shpng has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ardmore Shpng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ardmore Shpng is expected to be smaller as well. Ardmore Shpng right now shows a risk of 1.64%. Please confirm Ardmore Shpng treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Ardmore Shpng will be following its price patterns.
Auto-correlation | -0.63 |
Very good reverse predictability
Ardmore Shpng has very good reverse predictability. Overlapping area represents the amount of predictability between Ardmore Shpng time series from 1st of March 2023 to 27th of September 2023 and 27th of September 2023 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 Ardmore Shpng price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Ardmore Shpng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 2.14 |
Ardmore Shpng lagged returns against current returns
Autocorrelation, which is Ardmore Shpng 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 Ardmore Shpng's stock expected returns. We can calculate the autocorrelation of Ardmore Shpng returns to help us make a trade decision. For example, suppose you find that Ardmore Shpng 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 |
Ardmore Shpng 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 Ardmore Shpng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ardmore Shpng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ardmore Shpng stock over time.
Current vs Lagged Prices |
| Timeline |
Ardmore Shpng Lagged Returns
When evaluating Ardmore Shpng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ardmore Shpng stock have on its future price. Ardmore Shpng 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, Ardmore Shpng autocorrelation shows the relationship between Ardmore Shpng stock current value and its past values and can show if there is a momentum factor associated with investing in Ardmore Shpng.
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 Ardmore Shpng 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, Ardmore Shpng's short interest history, or implied volatility extrapolated from Ardmore Shpng options trading.
Pair Trading with Ardmore Shpng
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 Ardmore Shpng 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 Ardmore Shpng will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ardmore Shpng could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ardmore Shpng 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 Ardmore Shpng - 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 Ardmore Shpng to buy it.
The correlation of Ardmore Shpng 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 Ardmore Shpng moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ardmore Shpng 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 Ardmore Shpng 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 Ardmore Shpng Correlation, Ardmore Shpng Volatility and Ardmore Shpng Alpha and Beta module to complement your research on Ardmore Shpng. For information on how to trade Ardmore Stock refer to our How to Trade Ardmore Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Ardmore Stock analysis
When running Ardmore Shpng's price analysis, check to measure Ardmore Shpng'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 Ardmore Shpng is operating at the current time. Most of Ardmore Shpng's value examination focuses on studying past and present price action to predict the probability of Ardmore Shpng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardmore Shpng's price. Additionally, you may evaluate how the addition of Ardmore Shpng to your portfolios can decrease your overall portfolio volatility.
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Ardmore Shpng 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.