Albertsons Companies Stock Market Value
| ACI Stock | USD 20.74 0.14 0.68% |
| Symbol | Albertsons |
Albertsons Companies Price To Book Ratio
Is Albertsons Companies' 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 Albertsons Companies. If investors know Albertsons 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 Albertsons Companies 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 (0.17) | Dividend Share 0.48 | Earnings Share 2.23 | Revenue Per Share 137.709 | Quarterly Revenue Growth 0.004 |
The market value of Albertsons Companies is measured differently than its book value, which is the value of Albertsons that is recorded on the company's balance sheet. Investors also form their own opinion of Albertsons Companies' value that differs from its market value or its book value, called intrinsic value, which is Albertsons Companies' 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 Albertsons Companies' market value can be influenced by many factors that don't directly affect Albertsons Companies' 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 Albertsons Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Albertsons Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albertsons Companies' 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.
Albertsons Companies '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 Albertsons Companies' 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 Albertsons Companies.
| 04/09/2024 |
| 05/09/2024 |
If you would invest 0.00 in Albertsons Companies on April 9, 2024 and sell it all today you would earn a total of 0.00 from holding Albertsons Companies or generate 0.0% return on investment in Albertsons Companies over 30 days. Albertsons Companies is related to or competes with Sprouts Farmers, Krispy Kreme, Grocery Outlet, Weis Markets, Sendas Distribuidora, Natural Grocers, and Ingles Markets. Albertsons Companies, Inc., through its subsidiaries, engages in the operation of food and drug stores in the United Sta... More
Albertsons Companies 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 Albertsons Companies' 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 Albertsons Companies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.26 |
Albertsons Companies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Albertsons Companies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Albertsons Companies' standard deviation. In reality, there are many statistical measures that can use Albertsons Companies historical prices to predict the future Albertsons Companies' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Albertsons Companies' 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.
Albertsons Companies Backtested Returns
Albertsons Companies secures Sharpe Ratio (or Efficiency) of -0.0243, which signifies that the company had a -0.0243% return per unit of standard deviation over the last 3 months. Albertsons Companies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Albertsons Companies' mean deviation of 0.6484, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Albertsons Companies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Albertsons Companies is expected to be smaller as well. Albertsons Companies has an expected return of -0.0216%. Please make sure to confirm Albertsons Companies maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Albertsons Companies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.85 |
Excellent reverse predictability
Albertsons Companies has excellent reverse predictability. Overlapping area represents the amount of predictability between Albertsons Companies time series from 9th of April 2024 to 24th of April 2024 and 24th of April 2024 to 9th of May 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 Albertsons Companies price movement. The serial correlation of -0.85 indicates that around 85.0% of current Albertsons Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Albertsons Companies lagged returns against current returns
Autocorrelation, which is Albertsons Companies 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 Albertsons Companies' stock expected returns. We can calculate the autocorrelation of Albertsons Companies returns to help us make a trade decision. For example, suppose you find that Albertsons Companies 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 |
Albertsons Companies 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 Albertsons Companies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Albertsons Companies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Albertsons Companies stock over time.
Current vs Lagged Prices |
| Timeline |
Albertsons Companies Lagged Returns
When evaluating Albertsons Companies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Albertsons Companies stock have on its future price. Albertsons Companies 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, Albertsons Companies autocorrelation shows the relationship between Albertsons Companies stock current value and its past values and can show if there is a momentum factor associated with investing in Albertsons Companies.
Regressed Prices |
| Timeline |
Pair Trading with Albertsons Companies
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 Albertsons Companies 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 Albertsons Companies will appreciate offsetting losses from the drop in the long position's value.Moving against Albertsons Stock
| 0.43 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.42 | BG | Bunge Limited | PairCorr |
| 0.41 | DOLE | Dole PLC Financial Report 16th of May 2024 | PairCorr |
The ability to find closely correlated positions to Albertsons Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Albertsons Companies 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 Albertsons Companies - 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 Albertsons Companies to buy it.
The correlation of Albertsons Companies 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 Albertsons Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Albertsons Companies 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 Albertsons Companies 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 Albertsons Companies Correlation, Albertsons Companies Volatility and Albertsons Companies Alpha and Beta module to complement your research on Albertsons Companies. For more detail on how to invest in Albertsons Stock please use our How to Invest in Albertsons Companies guide.Note that the Albertsons Companies information on this page should be used as a complementary analysis to other Albertsons Companies' 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Albertsons Stock analysis
When running Albertsons Companies' price analysis, check to measure Albertsons Companies' 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 Albertsons Companies is operating at the current time. Most of Albertsons Companies' value examination focuses on studying past and present price action to predict the probability of Albertsons Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Albertsons Companies' price. Additionally, you may evaluate how the addition of Albertsons Companies to your portfolios can decrease your overall portfolio volatility.
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Albertsons Companies 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.