Abm Industries Incorporated Stock Market Value
| ABM Stock | USD 56.79 0.41 0.73% |
| Symbol | ABM |
ABM Industries Price To Book Ratio
Is Environmental & Facilities Services space 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 ABM Industries. If investors know ABM 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 ABM Industries 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 (0.95) | Dividend Share 0.895 | Earnings Share 2.42 | Revenue Per Share 129.802 | Quarterly Revenue Growth 0.033 |
The market value of ABM Industries is measured differently than its book value, which is the value of ABM that is recorded on the company's balance sheet. Investors also form their own opinion of ABM Industries' value that differs from its market value or its book value, called intrinsic value, which is ABM Industries' 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 ABM Industries' market value can be influenced by many factors that don't directly affect ABM Industries' 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 ABM Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if ABM Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABM Industries' 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.
ABM Industries '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 ABM Industries' 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 ABM Industries.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in ABM Industries on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding ABM Industries Incorporated or generate 0.0% return on investment in ABM Industries over 270 days. ABM Industries is related to or competes with Genpact, Broadridge Financial, First Advantage, Franklin Covey, Kingsoft Cloud, Mistras, and NL Industries. ABM Industries Incorporated provides integrated facility solutions in the United States and internationally More
ABM Industries 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 ABM Industries' 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 ABM Industries Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 2.67 |
ABM Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABM Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABM Industries' standard deviation. In reality, there are many statistical measures that can use ABM Industries historical prices to predict the future ABM Industries' volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0602 |
ABM Industries Backtested Returns
As of now, ABM Stock is very steady. ABM Industries secures Sharpe Ratio (or Efficiency) of 0.0256, which signifies that the company had a 0.0256% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for ABM Industries Incorporated, which you can use to evaluate the volatility of the entity. Please confirm ABM Industries' Mean Deviation of 1.25, downside deviation of 2.09, and Coefficient Of Variation of 2143.59 to double-check if the risk estimate we provide is consistent with the expected return of 0.0476%. ABM Industries has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.26, 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, ABM Industries will likely underperform. ABM Industries at this time shows a risk of 1.86%. Please confirm ABM Industries jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if ABM Industries will be following its price patterns.
Auto-correlation | 0.26 |
Poor predictability
ABM Industries Incorporated has poor predictability. Overlapping area represents the amount of predictability between ABM Industries time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th of November 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 ABM Industries price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current ABM Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 4.23 |
ABM Industries lagged returns against current returns
Autocorrelation, which is ABM Industries 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 ABM Industries' stock expected returns. We can calculate the autocorrelation of ABM Industries returns to help us make a trade decision. For example, suppose you find that ABM Industries 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 |
ABM Industries 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 ABM Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABM Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABM Industries stock over time.
Current vs Lagged Prices |
| Timeline |
ABM Industries Lagged Returns
When evaluating ABM Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABM Industries stock have on its future price. ABM Industries 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, ABM Industries autocorrelation shows the relationship between ABM Industries stock current value and its past values and can show if there is a momentum factor associated with investing in ABM Industries Incorporated.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out ABM Industries Correlation, ABM Industries Volatility and ABM Industries Alpha and Beta module to complement your research on ABM Industries. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
ABM Industries 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.