Academy Sports' market value is the price at which a share of Academy Sports trades on a public exchange. It measures the collective expectations of Academy Sports and investors about its performance. Academy Sports is trading at 85.36 as of the 15th of January 2025, a 1.2% down since the beginning of the trading day. The stock's open price was 86.4. With this module, you can estimate the performance of a buy and hold strategy of Academy Sports and and determine expected loss or profit from investing in Academy Sports over a given investment horizon. 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 nation.
Symbol
Academy
Academy Sports '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 Academy Sports' 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 Academy Sports.
0.00
01/26/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/15/2025
0.00
If you would invest 0.00 in Academy Sports on January 26, 2023 and sell it all today you would earn a total of 0.00 from holding Academy Sports and or generate 0.0% return on investment in Academy Sports over 720 days.
Academy Sports 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 Academy Sports' 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 Academy Sports and upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Academy Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Academy Sports' standard deviation. In reality, there are many statistical measures that can use Academy Sports historical prices to predict the future Academy Sports' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Academy Sports. Your research has to be compared to or analyzed against Academy Sports' peers to derive any actionable benefits. When done correctly, Academy Sports' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Academy Sports.
Academy Sports Backtested Returns
At this point, Academy Sports is very steady. Academy Sports secures Sharpe Ratio (or Efficiency) of 0.0595, which signifies that the company had a 0.0595% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Academy Sports and, which you can use to evaluate the volatility of the firm. Please confirm Academy Sports' mean deviation of 0.9639, and Risk Adjusted Performance of 0.0531 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Academy Sports has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Academy Sports are expected to decrease at a much lower rate. During the bear market, Academy Sports is likely to outperform the market. Academy Sports right now shows a risk of 2.86%. Please confirm Academy Sports coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Academy Sports will be following its price patterns.
Auto-correlation
0.37
Below average predictability
Academy Sports and has below average predictability. Overlapping area represents the amount of predictability between Academy Sports time series from 26th of January 2023 to 21st of January 2024 and 21st of January 2024 to 15th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Academy Sports price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Academy Sports price fluctuation can be explain by its past prices.
Correlation Coefficient
0.37
Spearman Rank Test
-0.01
Residual Average
0.0
Price Variance
24.32
Academy Sports lagged returns against current returns
Autocorrelation, which is Academy Sports 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 Academy Sports' stock expected returns. We can calculate the autocorrelation of Academy Sports returns to help us make a trade decision. For example, suppose you find that Academy Sports 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
Academy Sports 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 Academy Sports stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Academy Sports stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Academy Sports stock over time.
Current vs Lagged Prices
Timeline
Academy Sports Lagged Returns
When evaluating Academy Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Academy Sports stock have on its future price. Academy Sports 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, Academy Sports autocorrelation shows the relationship between Academy Sports stock current value and its past values and can show if there is a momentum factor associated with investing in Academy Sports and.
Regressed Prices
Timeline
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