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.Acuity Brands' market value is the price at which a share of Acuity Brands stock trades on a public exchange. It measures the collective expectations of Acuity Brands investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Acuity Brands and determine expected loss or profit from investing in Acuity Brands over a given investment horizon. Check out
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
Revenue Per Share
Quarterly Revenue Growth
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.
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.
Acuity Brands Market Risk IndicatorsToday, 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.
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
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.
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.
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.
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 BrandsOne 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. When determining whether Acuity Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Acuity Brands' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Acuity Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Acuity Brands Stock:
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.
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.