ArcBest (Germany) Market Value
| AQY Stock | EUR 104.00 3.00 2.97% |
| Symbol | ArcBest |
ArcBest '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 ArcBest'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 ArcBest.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in ArcBest on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding ArcBest or generate 0.0% return on investment in ArcBest over 720 days. ArcBest is related to or competes with SCHNEIDER NATLINC, Fukuyama Transporting, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, and Reliance Steel. ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide More
ArcBest 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 ArcBest'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 ArcBest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.0559 | |||
| Maximum Drawdown | 20.27 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.58 |
ArcBest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ArcBest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ArcBest's standard deviation. In reality, there are many statistical measures that can use ArcBest historical prices to predict the future ArcBest's volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0615 | |||
| Treynor Ratio | 0.1167 |
ArcBest Backtested Returns
ArcBest appears to be very steady, given 3 months investment horizon. ArcBest secures Sharpe Ratio (or Efficiency) of 0.0941, which signifies that the company had a 0.0941% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for ArcBest, which you can use to evaluate the volatility of the firm. Please makes use of ArcBest's risk adjusted performance of 0.0787, and Mean Deviation of 2.01 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ArcBest holds a performance score of 7. The firm shows a Beta (market volatility) of 2.38, 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, ArcBest will likely underperform. Please check ArcBest's information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to make a quick decision on whether ArcBest's price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
ArcBest has insignificant reverse predictability. Overlapping area represents the amount of predictability between ArcBest time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th of December 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 ArcBest price movement. The serial correlation of -0.14 indicates that less than 14.0% of current ArcBest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 178.21 |
ArcBest lagged returns against current returns
Autocorrelation, which is ArcBest 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 ArcBest's stock expected returns. We can calculate the autocorrelation of ArcBest returns to help us make a trade decision. For example, suppose you find that ArcBest 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 |
ArcBest 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 ArcBest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ArcBest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ArcBest stock over time.
Current vs Lagged Prices |
| Timeline |
ArcBest Lagged Returns
When evaluating ArcBest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ArcBest stock have on its future price. ArcBest 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, ArcBest autocorrelation shows the relationship between ArcBest stock current value and its past values and can show if there is a momentum factor associated with investing in ArcBest.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ArcBest Stock
ArcBest financial ratios help investors to determine whether ArcBest 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 ArcBest with respect to the benefits of owning ArcBest security.