Ardagh Metal Packaging Stock Market Value
| AMBP Stock | USD 3.71 0.08 2.20% |
| Symbol | Ardagh |
Ardagh Metal Packaging Price To Book Ratio
Is Diversified Metals & Mining 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 Ardagh Metal. If investors know Ardagh 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 Ardagh Metal 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 0.091 | Dividend Share 0.4 | Earnings Share (0.12) | Revenue Per Share 8.106 | Quarterly Revenue Growth 0.015 |
The market value of Ardagh Metal Packaging is measured differently than its book value, which is the value of Ardagh that is recorded on the company's balance sheet. Investors also form their own opinion of Ardagh Metal's value that differs from its market value or its book value, called intrinsic value, which is Ardagh Metal'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 Ardagh Metal's market value can be influenced by many factors that don't directly affect Ardagh Metal'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 Ardagh Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ardagh Metal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ardagh Metal'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.
Ardagh Metal '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 Ardagh Metal'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 Ardagh Metal.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ardagh Metal on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ardagh Metal Packaging or generate 0.0% return on investment in Ardagh Metal over 30 days. Ardagh Metal is related to or competes with Crown Holdings, Amcor PLC, Avery Dennison, Packaging Corp, Sealed Air, Greif Bros, and Karat Packaging. Ardagh Metal Packaging S.A. supplies metal beverage cans in Europe, the United States, and Brazil More
Ardagh Metal 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 Ardagh Metal'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 Ardagh Metal Packaging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.026 | |||
| Maximum Drawdown | 13.49 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 2.68 |
Ardagh Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ardagh Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ardagh Metal's standard deviation. In reality, there are many statistical measures that can use Ardagh Metal historical prices to predict the future Ardagh Metal's volatility.| Risk Adjusted Performance | 0.0692 | |||
| Jensen Alpha | 0.0661 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0249 | |||
| Treynor Ratio | 0.1782 |
Ardagh Metal Packaging Backtested Returns
Currently, Ardagh Metal Packaging is slightly risky. Ardagh Metal Packaging secures Sharpe Ratio (or Efficiency) of 0.066, which signifies that the company had a 0.066% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ardagh Metal Packaging, which you can use to evaluate the volatility of the firm. Please confirm Ardagh Metal's mean deviation of 1.36, and Risk Adjusted Performance of 0.0692 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Ardagh Metal has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ardagh Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ardagh Metal is expected to be smaller as well. Ardagh Metal Packaging right now shows a risk of 1.93%. Please confirm Ardagh Metal Packaging potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Ardagh Metal Packaging will be following its price patterns.
Auto-correlation | 0.54 |
Modest predictability
Ardagh Metal Packaging has modest predictability. Overlapping area represents the amount of predictability between Ardagh Metal time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Ardagh Metal Packaging price movement. The serial correlation of 0.54 indicates that about 54.0% of current Ardagh Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ardagh Metal Packaging lagged returns against current returns
Autocorrelation, which is Ardagh Metal 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 Ardagh Metal's stock expected returns. We can calculate the autocorrelation of Ardagh Metal returns to help us make a trade decision. For example, suppose you find that Ardagh Metal 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 |
Ardagh Metal 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 Ardagh Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ardagh Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ardagh Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Ardagh Metal Lagged Returns
When evaluating Ardagh Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ardagh Metal stock have on its future price. Ardagh Metal 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, Ardagh Metal autocorrelation shows the relationship between Ardagh Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Ardagh Metal Packaging.
Regressed Prices |
| Timeline |
Pair Trading with Ardagh Metal
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 Ardagh Metal 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 Ardagh Metal will appreciate offsetting losses from the drop in the long position's value.Moving together with Ardagh Stock
Moving against Ardagh Stock
| 0.56 | DSHK | Drive Shack | PairCorr |
| 0.46 | PACK | Ranpak Holdings Corp | PairCorr |
| 0.37 | MYE | Myers Industries | PairCorr |
| 0.33 | VIRC | Virco Manufacturing | PairCorr |
The ability to find closely correlated positions to Ardagh Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ardagh Metal 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 Ardagh Metal - 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 Ardagh Metal Packaging to buy it.
The correlation of Ardagh Metal 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 Ardagh Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ardagh Metal Packaging 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 Ardagh Metal 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.Additional Tools for Ardagh Stock Analysis
When running Ardagh Metal's price analysis, check to measure Ardagh Metal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ardagh Metal is operating at the current time. Most of Ardagh Metal's value examination focuses on studying past and present price action to predict the probability of Ardagh Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardagh Metal's price. Additionally, you may evaluate how the addition of Ardagh Metal to your portfolios can decrease your overall portfolio volatility.