Arcbest Corp Stock Market Value
| ARCB Stock | USD 109.91 0.91 0.83% |
| Symbol | ArcBest |
ArcBest Corp Price To Book Ratio
Is Cargo Ground Transportation 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 ArcBest Corp. If investors know ArcBest 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 ArcBest 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 1.98 | Dividend Share 0.48 | Earnings Share 8.03 | Revenue Per Share 180.569 | Quarterly Revenue Growth (0.06) |
The market value of ArcBest Corp is measured differently than its book value, which is the value of ArcBest that is recorded on the company's balance sheet. Investors also form their own opinion of ArcBest Corp's value that differs from its market value or its book value, called intrinsic value, which is ArcBest 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 ArcBest Corp's market value can be influenced by many factors that don't directly affect ArcBest 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 ArcBest Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ArcBest Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcBest 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.
ArcBest 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 ArcBest 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 ArcBest Corp.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in ArcBest Corp on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding ArcBest Corp or generate 0.0% return on investment in ArcBest Corp over 270 days. ArcBest Corp is related to or competes with Old Dominion, Marten Transport, Werner Enterprises, Knight Transportation, Heartland Express, Universal Logistics, and Schneider National. ArcBest Corporation provides freight transportation and integrated logistics services More
ArcBest 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 ArcBest 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 ArcBest Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.65 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 4.33 |
ArcBest Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ArcBest Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ArcBest Corp's standard deviation. In reality, there are many statistical measures that can use ArcBest Corp historical prices to predict the future ArcBest Corp's volatility.| Risk Adjusted Performance | 0.0299 | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0307 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ArcBest Corp's 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.
ArcBest Corp Backtested Returns
At this point, ArcBest Corp is very steady. ArcBest Corp secures Sharpe Ratio (or Efficiency) of 0.0339, which signifies that the company had a 0.0339% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for ArcBest Corp, which you can use to evaluate the volatility of the firm. Please confirm ArcBest Corp's risk adjusted performance of 0.0299, and Mean Deviation of 2.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. ArcBest Corp has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.64, 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, ArcBest Corp will likely underperform. ArcBest Corp right now shows a risk of 3.11%. Please confirm ArcBest Corp mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if ArcBest Corp will be following its price patterns.
Auto-correlation | 0.20 |
Weak predictability
ArcBest Corp has weak predictability. Overlapping area represents the amount of predictability between ArcBest Corp time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 ArcBest Corp price movement. The serial correlation of 0.2 indicates that over 20.0% of current ArcBest Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 46.96 |
ArcBest Corp lagged returns against current returns
Autocorrelation, which is ArcBest 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 ArcBest Corp's stock expected returns. We can calculate the autocorrelation of ArcBest Corp returns to help us make a trade decision. For example, suppose you find that ArcBest 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 |
| Timeline |
ArcBest 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 ArcBest Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ArcBest Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ArcBest Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ArcBest Corp Lagged Returns
When evaluating ArcBest Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ArcBest Corp stock have on its future price. ArcBest 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, ArcBest Corp autocorrelation shows the relationship between ArcBest Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ArcBest Corp.
Regressed Prices |
| Timeline |
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 ArcBest Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ArcBest 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 Arcbest Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Arcbest Corp Stock:Check out ArcBest Corp Correlation, ArcBest Corp Volatility and ArcBest Corp Alpha and Beta module to complement your research on ArcBest Corp. For information on how to trade ArcBest Stock refer to our How to Trade ArcBest Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
ArcBest 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.