Above Food Ingredients Stock Market Value
| ABVE Stock | 0.47 0.04 7.84% |
| Symbol | Above |
Is Agricultural Products & 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 Above Food. If investors know Above 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 Above Food listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Above Food Ingredients is measured differently than its book value, which is the value of Above that is recorded on the company's balance sheet. Investors also form their own opinion of Above Food's value that differs from its market value or its book value, called intrinsic value, which is Above Food'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 Above Food's market value can be influenced by many factors that don't directly affect Above Food'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 Above Food's value and its price as these two are different measures arrived at by different means. Investors typically determine if Above Food is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Above Food'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.
Above Food '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 Above Food'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 Above Food.
| 12/03/2024 |
| 02/01/2025 |
If you would invest 0.00 in Above Food on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Above Food Ingredients or generate 0.0% return on investment in Above Food over 60 days. Above Food is related to or competes with FitLife Brands,, Willamette Valley, Village Super, RH, CVR Energy, and Astral Foods. More
Above Food 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 Above Food'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 Above Food Ingredients upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.53 | |||
| Information Ratio | 0.0772 | |||
| Maximum Drawdown | 59.9 | |||
| Value At Risk | (12.73) | |||
| Potential Upside | 17.54 |
Above Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Above Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Above Food's standard deviation. In reality, there are many statistical measures that can use Above Food historical prices to predict the future Above Food's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.8417 | |||
| Total Risk Alpha | 0.0208 | |||
| Sortino Ratio | 0.0742 | |||
| Treynor Ratio | 7.74 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Above Food'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.
Above Food Ingredients Backtested Returns
Above Food appears to be out of control, given 3 months investment horizon. Above Food Ingredients secures Sharpe Ratio (or Efficiency) of 0.0849, which signifies that the company had a 0.0849 % return per unit of risk over the last 3 months. By analyzing Above Food's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please makes use of Above Food's Downside Deviation of 10.53, mean deviation of 7.25, and Risk Adjusted Performance of 0.0804 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Above Food holds a performance score of 6. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Above Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Above Food is expected to be smaller as well. Please check Above Food's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Above Food's price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Above Food Ingredients has insignificant reverse predictability. Overlapping area represents the amount of predictability between Above Food time series from 3rd of December 2024 to 2nd of January 2025 and 2nd of January 2025 to 1st of February 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 Above Food Ingredients price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Above Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Above Food Ingredients lagged returns against current returns
Autocorrelation, which is Above Food 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 Above Food's stock expected returns. We can calculate the autocorrelation of Above Food returns to help us make a trade decision. For example, suppose you find that Above Food 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 |
Above Food 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 Above Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Above Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Above Food stock over time.
Current vs Lagged Prices |
| Timeline |
Above Food Lagged Returns
When evaluating Above Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Above Food stock have on its future price. Above Food 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, Above Food autocorrelation shows the relationship between Above Food stock current value and its past values and can show if there is a momentum factor associated with investing in Above Food Ingredients.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Above Food Ingredients is a strong investment it is important to analyze Above Food's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Above Food's future performance. For an informed investment choice regarding Above Stock, refer to the following important reports:Check out Above Food Correlation, Above Food Volatility and Above Food Alpha and Beta module to complement your research on Above Food. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Above Food 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.