Manpowergroup Stock Market Value
| MAN Stock | USD 75.56 0.61 0.80% |
| Symbol | ManpowerGroup |
ManpowerGroup Price To Book Ratio
Is ManpowerGroup'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 ManpowerGroup. If investors know ManpowerGroup 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 ManpowerGroup 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 (0.46) | Dividend Share 2.94 | Earnings Share 1.06 | Revenue Per Share 377.731 | Quarterly Revenue Growth (0.07) |
The market value of ManpowerGroup is measured differently than its book value, which is the value of ManpowerGroup that is recorded on the company's balance sheet. Investors also form their own opinion of ManpowerGroup's value that differs from its market value or its book value, called intrinsic value, which is ManpowerGroup'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 ManpowerGroup's market value can be influenced by many factors that don't directly affect ManpowerGroup'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 ManpowerGroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if ManpowerGroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ManpowerGroup'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.
ManpowerGroup '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 ManpowerGroup'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 ManpowerGroup.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in ManpowerGroup on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding ManpowerGroup or generate 0.0% return on investment in ManpowerGroup over 30 days. ManpowerGroup is related to or competes with Ziprecruiter, and Kanzhun. ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the ... More
ManpowerGroup 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 ManpowerGroup'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 ManpowerGroup upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.83 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.06 |
ManpowerGroup Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ManpowerGroup's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ManpowerGroup's standard deviation. In reality, there are many statistical measures that can use ManpowerGroup historical prices to predict the future ManpowerGroup's volatility.| Risk Adjusted Performance | 0.0046 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ManpowerGroup'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.
ManpowerGroup Backtested Returns
We consider ManpowerGroup very steady. ManpowerGroup has Sharpe Ratio of 0.0408, which conveys that the firm had a 0.0408% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for ManpowerGroup, which you can use to evaluate the volatility of the firm. Please verify ManpowerGroup's Risk Adjusted Performance of 0.0046, standard deviation of 1.67, and Mean Deviation of 1.21 to check out if the risk estimate we provide is consistent with the expected return of 0.0665%. ManpowerGroup has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.65, which conveys 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, ManpowerGroup will likely underperform. ManpowerGroup right now secures a risk of 1.63%. Please verify ManpowerGroup potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if ManpowerGroup will be following its current price movements.
Auto-correlation | 0.42 |
Average predictability
ManpowerGroup has average predictability. Overlapping area represents the amount of predictability between ManpowerGroup time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th 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 ManpowerGroup price movement. The serial correlation of 0.42 indicates that just about 42.0% of current ManpowerGroup price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
ManpowerGroup lagged returns against current returns
Autocorrelation, which is ManpowerGroup 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 ManpowerGroup's stock expected returns. We can calculate the autocorrelation of ManpowerGroup returns to help us make a trade decision. For example, suppose you find that ManpowerGroup 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 |
ManpowerGroup 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 ManpowerGroup stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ManpowerGroup stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ManpowerGroup stock over time.
Current vs Lagged Prices |
| Timeline |
ManpowerGroup Lagged Returns
When evaluating ManpowerGroup's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ManpowerGroup stock have on its future price. ManpowerGroup 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, ManpowerGroup autocorrelation shows the relationship between ManpowerGroup stock current value and its past values and can show if there is a momentum factor associated with investing in ManpowerGroup.
Regressed Prices |
| Timeline |
ManpowerGroup Investors Sentiment
The influence of ManpowerGroup's 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 ManpowerGroup. 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 ManpowerGroup's public news can be used to forecast risks associated with an investment in ManpowerGroup. The trend in average sentiment can be used to explain how an investor holding ManpowerGroup can time the market purely based on public headlines and social activities around ManpowerGroup. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ManpowerGroup's 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 ManpowerGroup's 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 ManpowerGroup's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ManpowerGroup.
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 ManpowerGroup 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, ManpowerGroup's short interest history, or implied volatility extrapolated from ManpowerGroup options trading.
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Try AI Portfolio ArchitectCheck out ManpowerGroup Correlation, ManpowerGroup Volatility and ManpowerGroup Alpha and Beta module to complement your research on ManpowerGroup. To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.Note that the ManpowerGroup information on this page should be used as a complementary analysis to other ManpowerGroup's 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 Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for ManpowerGroup Stock analysis
When running ManpowerGroup's price analysis, check to measure ManpowerGroup'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 ManpowerGroup is operating at the current time. Most of ManpowerGroup's value examination focuses on studying past and present price action to predict the probability of ManpowerGroup's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ManpowerGroup's price. Additionally, you may evaluate how the addition of ManpowerGroup to your portfolios can decrease your overall portfolio volatility.
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ManpowerGroup 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.