ASSOC BR's market value is the price at which a share of ASSOC BR trades on a public exchange. It measures the collective expectations of ASSOC BR FOODS investors about its performance. ASSOC BR is trading at 23.20 as of the 19th of January 2025. This is a 2.52% down since the beginning of the trading day. The stock's lowest day price was 22.6. With this module, you can estimate the performance of a buy and hold strategy of ASSOC BR FOODS and determine expected loss or profit from investing in ASSOC BR over a given investment horizon. Check out ASSOC BR Correlation, ASSOC BR Volatility and ASSOC BR Alpha and Beta module to complement your research on ASSOC BR.
Please note, there is a significant difference between ASSOC BR's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASSOC BR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASSOC BR'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.
ASSOC BR '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 ASSOC BR'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 ASSOC BR.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in ASSOC BR on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding ASSOC BR FOODS or generate 0.0% return on investment in ASSOC BR over 30 days. ASSOC BR is related to or competes with QBE Insurance, Safety Insurance, Universal Insurance, Alaska Air, Corsair Gaming, Singapore Reinsurance, and Fair Isaac. Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide More
ASSOC BR 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 ASSOC BR'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 ASSOC BR FOODS 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 ASSOC BR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASSOC BR's standard deviation. In reality, there are many statistical measures that can use ASSOC BR historical prices to predict the future ASSOC BR's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ASSOC BR. Your research has to be compared to or analyzed against ASSOC BR's peers to derive any actionable benefits. When done correctly, ASSOC BR's 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 ASSOC BR FOODS.
ASSOC BR FOODS Backtested Returns
ASSOC BR FOODS secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. ASSOC BR FOODS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASSOC BR's risk adjusted performance of (0.1), and Mean Deviation of 1.18 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASSOC BR's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASSOC BR is expected to be smaller as well. At this point, ASSOC BR FOODS has a negative expected return of -0.22%. Please make sure to confirm ASSOC BR's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if ASSOC BR FOODS performance from the past will be repeated at future time.
Auto-correlation
0.05
Virtually no predictability
ASSOC BR FOODS has virtually no predictability. Overlapping area represents the amount of predictability between ASSOC BR time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th 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 ASSOC BR FOODS price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current ASSOC BR price fluctuation can be explain by its past prices.
Correlation Coefficient
0.05
Spearman Rank Test
-0.46
Residual Average
0.0
Price Variance
0.39
ASSOC BR FOODS lagged returns against current returns
Autocorrelation, which is ASSOC BR 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 ASSOC BR's stock expected returns. We can calculate the autocorrelation of ASSOC BR returns to help us make a trade decision. For example, suppose you find that ASSOC BR 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
ASSOC BR 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 ASSOC BR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASSOC BR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASSOC BR stock over time.
Current vs Lagged Prices
Timeline
ASSOC BR Lagged Returns
When evaluating ASSOC BR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASSOC BR stock have on its future price. ASSOC BR 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, ASSOC BR autocorrelation shows the relationship between ASSOC BR stock current value and its past values and can show if there is a momentum factor associated with investing in ASSOC BR FOODS.
ASSOC BR financial ratios help investors to determine whether ASSOC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ASSOC with respect to the benefits of owning ASSOC BR security.