Abercrombie Fitch Stock Market Value
| ANF Stock | USD 122.08 6.63 5.74% |
| Symbol | Abercrombie |
Abercrombie Fitch Price To Book Ratio
Is Abercrombie Fitch'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 Abercrombie Fitch. If investors know Abercrombie 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 Abercrombie Fitch 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 2.99 | Earnings Share 6.23 | Revenue Per Share 85.188 | Quarterly Revenue Growth 0.211 | Return On Assets 0.1079 |
The market value of Abercrombie Fitch is measured differently than its book value, which is the value of Abercrombie that is recorded on the company's balance sheet. Investors also form their own opinion of Abercrombie Fitch's value that differs from its market value or its book value, called intrinsic value, which is Abercrombie Fitch'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 Abercrombie Fitch's market value can be influenced by many factors that don't directly affect Abercrombie Fitch'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 Abercrombie Fitch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abercrombie Fitch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abercrombie Fitch'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.
Abercrombie Fitch '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 Abercrombie Fitch'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 Abercrombie Fitch.
| 06/08/2022 |
| 04/28/2024 |
If you would invest 0.00 in Abercrombie Fitch on June 8, 2022 and sell it all today you would earn a total of 0.00 from holding Abercrombie Fitch or generate 0.0% return on investment in Abercrombie Fitch over 690 days. Abercrombie Fitch is related to or competes with Gap, Urban Outfitters, Foot Locker, Childrens Place, American Eagle, Lululemon Athletica, and Burlington Stores. Abercrombie Fitch Co., through its subsidiaries, operates as a specialty retailer More
Abercrombie Fitch 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 Abercrombie Fitch'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 Abercrombie Fitch upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.77 | |||
| Information Ratio | 0.0731 | |||
| Maximum Drawdown | 14.82 | |||
| Value At Risk | (5.34) | |||
| Potential Upside | 4.51 |
Abercrombie Fitch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abercrombie Fitch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abercrombie Fitch's standard deviation. In reality, there are many statistical measures that can use Abercrombie Fitch historical prices to predict the future Abercrombie Fitch's volatility.| Risk Adjusted Performance | 0.0713 | |||
| Jensen Alpha | 0.1809 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.061 | |||
| Treynor Ratio | 0.1908 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abercrombie Fitch'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.
Abercrombie Fitch Backtested Returns
Abercrombie Fitch appears to be very steady, given 3 months investment horizon. Abercrombie Fitch secures Sharpe Ratio (or Efficiency) of 0.0895, which signifies that the company had a 0.0895% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Abercrombie Fitch, which you can use to evaluate the volatility of the firm. Please makes use of Abercrombie Fitch's risk adjusted performance of 0.0713, and Mean Deviation of 2.42 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Abercrombie Fitch holds a performance score of 6. The firm shows a Beta (market volatility) of 1.62, 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, Abercrombie Fitch will likely underperform. Please check Abercrombie Fitch's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Abercrombie Fitch's price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Abercrombie Fitch has very good predictability. Overlapping area represents the amount of predictability between Abercrombie Fitch time series from 8th of June 2022 to 19th of May 2023 and 19th of May 2023 to 28th 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 Abercrombie Fitch price movement. The serial correlation of 0.8 indicates that around 80.0% of current Abercrombie Fitch price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1129.51 |
Abercrombie Fitch lagged returns against current returns
Autocorrelation, which is Abercrombie Fitch 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 Abercrombie Fitch's stock expected returns. We can calculate the autocorrelation of Abercrombie Fitch returns to help us make a trade decision. For example, suppose you find that Abercrombie Fitch 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 |
Abercrombie Fitch 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 Abercrombie Fitch stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abercrombie Fitch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abercrombie Fitch stock over time.
Current vs Lagged Prices |
| Timeline |
Abercrombie Fitch Lagged Returns
When evaluating Abercrombie Fitch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abercrombie Fitch stock have on its future price. Abercrombie Fitch 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, Abercrombie Fitch autocorrelation shows the relationship between Abercrombie Fitch stock current value and its past values and can show if there is a momentum factor associated with investing in Abercrombie Fitch.
Regressed Prices |
| Timeline |
Pair Trading with Abercrombie Fitch
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 Abercrombie Fitch 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 Abercrombie Fitch will appreciate offsetting losses from the drop in the long position's value.Moving together with Abercrombie Stock
| 0.66 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
Moving against Abercrombie Stock
| 0.57 | AAN | Aarons | PairCorr |
The ability to find closely correlated positions to Abercrombie Fitch could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abercrombie Fitch 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 Abercrombie Fitch - 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 Abercrombie Fitch to buy it.
The correlation of Abercrombie Fitch 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 Abercrombie Fitch moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abercrombie Fitch 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 Abercrombie Fitch 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 Abercrombie Fitch Correlation, Abercrombie Fitch Volatility and Abercrombie Fitch Alpha and Beta module to complement your research on Abercrombie Fitch. For more detail on how to invest in Abercrombie Stock please use our How to Invest in Abercrombie Fitch guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Abercrombie Stock analysis
When running Abercrombie Fitch's price analysis, check to measure Abercrombie Fitch'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 Abercrombie Fitch is operating at the current time. Most of Abercrombie Fitch's value examination focuses on studying past and present price action to predict the probability of Abercrombie Fitch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abercrombie Fitch's price. Additionally, you may evaluate how the addition of Abercrombie Fitch to your portfolios can decrease your overall portfolio volatility.
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Abercrombie Fitch 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.