Armstrong World Industries Stock Price on August 29, 2024
If you're considering investing in Armstrong Stock, it is important to understand the factors that can impact its price. Armstrong World appears to be very steady, given 3 months investment horizon. Armstrong World Indu secures Sharpe Ratio (or Efficiency) of 0.32, which signifies that the company had a 0.32% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Armstrong World Industries, which you can use to evaluate the volatility of the firm. Please makes use of Armstrong World's Mean Deviation of 0.923, downside deviation of 1.12, and Risk Adjusted Performance of 0.25 to double-check if our risk estimates are consistent with your expectations.
As of now, Armstrong World's Common Stock Shares Outstanding is decreasing as compared to previous years. The Armstrong World's current Liabilities And Stockholders Equity is estimated to increase to about 2.2 B, while Total Stockholder Equity is projected to decrease to under 501.5 M. . As of now, Armstrong World's Price Earnings To Growth Ratio is increasing as compared to previous years. The Armstrong World's current Price To Free Cash Flows Ratio is estimated to increase to 30.83, while Price To Operating Cash Flows Ratio is projected to decrease to 10.47. Armstrong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Armstrong |
Sharpe Ratio = 0.3211
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Estimated Market Risk
| 1.22 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.39 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 25 75% of assets perform better |
Based on monthly moving average Armstrong World is performing at about 25% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Armstrong World by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Armstrong World Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
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Armstrong World November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Armstrong World stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Armstrong World shares will generate the highest return on investment. By undertsting and applying Armstrong World stock market strength indicators, traders can identify Armstrong World Industries entry and exit signals to maximize returns
Armstrong World Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Armstrong World's price direction in advance. Along with the technical and fundamental analysis of Armstrong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Armstrong to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.25 | |||
| Jensen Alpha | 0.3748 | |||
| Total Risk Alpha | 0.1899 | |||
| Sortino Ratio | 0.2327 | |||
| Treynor Ratio | 6.21 |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Other Tools for Armstrong Stock
When running Armstrong World's price analysis, check to measure Armstrong World'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 Armstrong World is operating at the current time. Most of Armstrong World's value examination focuses on studying past and present price action to predict the probability of Armstrong World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Armstrong World's price. Additionally, you may evaluate how the addition of Armstrong World to your portfolios can decrease your overall portfolio volatility.
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