Acuity Brands Stock Market Value
| AYI Stock | USD 179.26 1.81 1.02% |
| Symbol | Acuity |
Acuity Brands Valuation
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.
Quarterly Earnings Growth (0.24) | Dividend Share 0.52 | Earnings Share 10.76 | Revenue Per Share 124.26 | Quarterly Revenue Growth (0.09) |
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.
Acuity Brands '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 Acuity Brands' 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 Acuity Brands.
| 11/01/2023 |
| 12/01/2023 |
If you would invest 0.00 in Acuity Brands on November 1, 2023 and sell it all today you would earn a total of 0.00 from holding Acuity Brands or generate 0.0% return on investment in Acuity Brands over 30 days. Acuity Brands is related to or competes with Electrovaya Common, Encore Wire, HP, Boeing, International Business, Pfizer, and JPMorgan Chase. Acuity Brands, Inc. provides lighting and building management solutions in North America and internationally More
Acuity Brands 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 Acuity Brands' 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 Acuity Brands upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.0934 | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 3.7 |
Acuity Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acuity Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acuity Brands' standard deviation. In reality, there are many statistical measures that can use Acuity Brands historical prices to predict the future Acuity Brands' volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.1661 | |||
| Total Risk Alpha | 0.1691 | |||
| Sortino Ratio | 0.0985 | |||
| Treynor Ratio | 0.1367 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Acuity Brands' 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. Please use the tools below to analyze the current value of Acuity Brands in the context of predictive analytics.
Acuity Brands Backtested Returns
We consider Acuity Brands very steady. Acuity Brands secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had 0.1% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Acuity Brands, which you can use to evaluate the future volatility of the firm. Please confirm Acuity Brands Mean Deviation of 1.14, downside deviation of 1.68, and Risk Adjusted Performance of 0.0804 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Acuity Brands has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.1922, 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, Acuity Brands will likely underperform. Although it is important to respect Acuity Brands historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. Our main philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Acuity Brands technical indicators, you can presently evaluate if the expected return of 0.18% will be sustainable into the future. Acuity Brands right now shows a risk of 1.78%. Please confirm Acuity Brands variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Acuity Brands will be following its price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Acuity Brands has very good reverse predictability. Overlapping area represents the amount of predictability between Acuity Brands time series from 1st of November 2023 to 16th of November 2023 and 16th of November 2023 to 1st of December 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Acuity Brands price movement. The serial correlation of -0.69 indicates that around 69.0% of current Acuity Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 2.56 |
Acuity Brands lagged returns against current returns
Autocorrelation, which is Acuity Brands 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 Acuity Brands' stock expected returns. We can calculate the autocorrelation of Acuity Brands returns to help us make a trade decision. For example, suppose you find that Acuity Brands stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Acuity Brands 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 Acuity Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acuity Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acuity Brands stock over time.
Current vs Lagged Prices |
| Timeline |
Acuity Brands Lagged Returns
When evaluating Acuity Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acuity Brands stock have on its future price. Acuity Brands 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, Acuity Brands autocorrelation shows the relationship between Acuity Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Acuity Brands.
Regressed Prices |
| Timeline |
Acuity Brands Investors Sentiment
The influence of Acuity Brands' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Acuity. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Acuity Brands' public news can be used to forecast risks associated with an investment in Acuity. The trend in average sentiment can be used to explain how an investor holding Acuity can time the market purely based on public headlines and social activities around Acuity Brands. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Acuity Brands' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Acuity Brands' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Acuity Brands' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Acuity Brands.
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 Acuity Brands 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, Acuity Brands' short interest history, or implied volatility extrapolated from Acuity Brands options trading.
Pair Trading with Acuity Brands
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 Acuity Brands 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 Acuity Brands will appreciate offsetting losses from the drop in the long position's value.Moving against Acuity Stock
| - | 0.77 | ELVA | Electrovaya Common Shares | Earnings Call This Week | PairCorr | |
| - | 0.64 | FREY | FREYR Battery SA | Buyout Trend | PairCorr | |
| - | 0.59 | EOSE | Eos Energy Enterprises | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.53 | EAF | GrafTech International | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.5 | EPOW | Sunrise New Energy | PairCorr |
The ability to find closely correlated positions to Acuity Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acuity Brands 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 Acuity Brands - 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 Acuity Brands to buy it.
The correlation of Acuity Brands is a statistical measure of how it moves in relation to other equities. 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 Acuity Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acuity Brands 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 Acuity Brands 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 Acuity Brands Correlation, Acuity Brands Volatility and Acuity Brands Alpha and Beta module to complement your research on Acuity Brands. For more detail on how to invest in Acuity Stock please use our How to Invest in Acuity Brands guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Acuity Stock analysis
When running Acuity Brands' price analysis, check to measure Acuity Brands' 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 Acuity Brands is operating at the current time. Most of Acuity Brands' value examination focuses on studying past and present price action to predict the probability of Acuity Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acuity Brands' price. Additionally, you may evaluate how the addition of Acuity Brands to your portfolios can decrease your overall portfolio volatility.
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Acuity Brands 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.