Albemarle Corp Stock Market Value
| ALB Stock | USD 108.97 0.58 0.53% |
| Symbol | Albemarle |
Albemarle Corp Price To Book Ratio
Is Specialty Chemicals 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 Albemarle Corp. If investors know Albemarle 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 Albemarle Corp 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 (0.66) | Dividend Share 1.605 | Earnings Share (16.76) | Revenue Per Share 55.351 | Quarterly Revenue Growth (0.41) |
The market value of Albemarle Corp is measured differently than its book value, which is the value of Albemarle that is recorded on the company's balance sheet. Investors also form their own opinion of Albemarle Corp's value that differs from its market value or its book value, called intrinsic value, which is Albemarle Corp'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 Albemarle Corp's market value can be influenced by many factors that don't directly affect Albemarle Corp'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 Albemarle Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Albemarle Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albemarle Corp'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.
Albemarle Corp '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 Albemarle Corp'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 Albemarle Corp.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Albemarle Corp on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Albemarle Corp or generate 0.0% return on investment in Albemarle Corp over 180 days. Albemarle Corp is related to or competes with Linde Plc, Air Products, Dupont De, Sociedad Quimica, Gevo, PPG Industries, and Sherwin Williams. Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide More
Albemarle Corp 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 Albemarle Corp'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 Albemarle Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.0992 | |||
| Maximum Drawdown | 20.54 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 8.25 |
Albemarle Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Albemarle Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Albemarle Corp's standard deviation. In reality, there are many statistical measures that can use Albemarle Corp historical prices to predict the future Albemarle Corp's volatility.| Risk Adjusted Performance | 0.1014 | |||
| Jensen Alpha | 0.3175 | |||
| Total Risk Alpha | 0.0308 | |||
| Sortino Ratio | 0.1157 | |||
| Treynor Ratio | 0.2658 |
Albemarle Corp Backtested Returns
Albemarle Corp appears to be very steady, given 3 months investment horizon. Albemarle Corp secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Albemarle Corp, which you can use to evaluate the volatility of the firm. Please makes use of Albemarle Corp's mean deviation of 2.85, and Risk Adjusted Performance of 0.1014 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Albemarle Corp holds a performance score of 8. The firm shows a Beta (market volatility) of 1.76, 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, Albemarle Corp will likely underperform. Please check Albemarle Corp's mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to make a quick decision on whether Albemarle Corp's price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Albemarle Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Albemarle Corp time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Albemarle Corp price movement. The serial correlation of -0.72 indicates that around 72.0% of current Albemarle Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 59.21 |
Albemarle Corp lagged returns against current returns
Autocorrelation, which is Albemarle Corp 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 Albemarle Corp's stock expected returns. We can calculate the autocorrelation of Albemarle Corp returns to help us make a trade decision. For example, suppose you find that Albemarle Corp 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 |
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Albemarle Corp 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 Albemarle Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Albemarle Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Albemarle Corp stock over time.
Current vs Lagged Prices |
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Albemarle Corp Lagged Returns
When evaluating Albemarle Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Albemarle Corp stock have on its future price. Albemarle Corp 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, Albemarle Corp autocorrelation shows the relationship between Albemarle Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Albemarle Corp.
Regressed Prices |
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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 Albemarle Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Albemarle Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Albemarle Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Albemarle Corp Stock:Check out Albemarle Corp Correlation, Albemarle Corp Volatility and Albemarle Corp Alpha and Beta module to complement your research on Albemarle Corp. For information on how to trade Albemarle Stock refer to our How to Trade Albemarle Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Albemarle Corp 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.