Acco Brands Stock Market Value
| ACCO Stock | USD 5.96 0.14 2.41% |
| Symbol | Acco |
Acco Brands Price To Book Ratio
Is Commercial Services & Supplies 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 Acco Brands. If investors know Acco 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 Acco Brands 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 (0.40) | Dividend Share 0.3 | Earnings Share (1.90) | Revenue Per Share 17.769 | Quarterly Revenue Growth (0.06) |
The market value of Acco Brands is measured differently than its book value, which is the value of Acco that is recorded on the company's balance sheet. Investors also form their own opinion of Acco Brands' value that differs from its market value or its book value, called intrinsic value, which is Acco Brands' 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 Acco Brands' market value can be influenced by many factors that don't directly affect Acco Brands' 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 Acco Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Acco Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acco Brands' 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.
Acco Brands '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 Acco Brands' 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 Acco Brands.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Acco Brands on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Acco Brands or generate 0.0% return on investment in Acco Brands over 30 days. Acco Brands is related to or competes with HNI Corp, Steelcase, Ennis, and Acacia Research. ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products More
Acco Brands 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 Acco Brands' 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 Acco Brands upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0328 | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 4.55 |
Acco Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acco Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acco Brands' standard deviation. In reality, there are many statistical measures that can use Acco Brands historical prices to predict the future Acco Brands' volatility.| Risk Adjusted Performance | 0.077 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0373 | |||
| Treynor Ratio | 0.1177 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Acco Brands' 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.
Acco Brands Backtested Returns
As of now, Acco Stock is somewhat reliable. Acco Brands secures Sharpe Ratio (or Efficiency) of 0.0562, which signifies that the company had a 0.0562% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Acco Brands, which you can use to evaluate the volatility of the firm. Please confirm Acco Brands' risk adjusted performance of 0.077, and Mean Deviation of 1.66 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Acco Brands has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.64, 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, Acco Brands will likely underperform. Acco Brands right now shows a risk of 2.19%. Please confirm Acco Brands value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Acco Brands will be following its price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Acco Brands has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Acco Brands time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Acco Brands price movement. The serial correlation of -0.72 indicates that around 72.0% of current Acco Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Acco Brands lagged returns against current returns
Autocorrelation, which is Acco Brands 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 Acco Brands' stock expected returns. We can calculate the autocorrelation of Acco Brands returns to help us make a trade decision. For example, suppose you find that Acco Brands 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 |
Acco Brands 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 Acco Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acco Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acco Brands stock over time.
Current vs Lagged Prices |
| Timeline |
Acco Brands Lagged Returns
When evaluating Acco Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acco Brands stock have on its future price. Acco Brands 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, Acco Brands autocorrelation shows the relationship between Acco Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Acco Brands.
Regressed Prices |
| Timeline |
Pair Trading with Acco Brands
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Acco Brands position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Acco Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Acco Stock
Moving against Acco Stock
The ability to find closely correlated positions to Acco Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acco Brands when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acco Brands - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acco Brands to buy it.
The correlation of Acco Brands is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acco Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acco Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Acco Brands can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Acco Brands Correlation, Acco Brands Volatility and Acco Brands Alpha and Beta module to complement your research on Acco Brands. To learn how to invest in Acco Stock, please use our How to Invest in Acco Brands guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Acco Brands 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.