Ardmore Shpng Stock Market Value
| ASC Stock | USD 11.85 0.04 0.34% |
| Symbol | Ardmore |
Is Oil & Gas Storage & 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 Ardmore Shpng. If investors know Ardmore 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 Ardmore Shpng 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 0.122 | Dividend Share 1.08 | Earnings Share 3.55 | Revenue Per Share 10.166 | Quarterly Revenue Growth 0.106 |
The market value of Ardmore Shpng is measured differently than its book value, which is the value of Ardmore that is recorded on the company's balance sheet. Investors also form their own opinion of Ardmore Shpng's value that differs from its market value or its book value, called intrinsic value, which is Ardmore Shpng'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 Ardmore Shpng's market value can be influenced by many factors that don't directly affect Ardmore Shpng'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 Ardmore Shpng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ardmore Shpng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ardmore Shpng'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.
Ardmore Shpng '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 Ardmore Shpng'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 Ardmore Shpng.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Ardmore Shpng on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Ardmore Shpng or generate 0.0% return on investment in Ardmore Shpng over 720 days. Ardmore Shpng is related to or competes with Danaos, Global Ship, Euroseas, Navios Maritime, Genco Shipping, Costamare, and Star Bulk. Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide More
Ardmore Shpng 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 Ardmore Shpng'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 Ardmore Shpng upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 10.54 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 2.41 |
Ardmore Shpng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ardmore Shpng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ardmore Shpng's standard deviation. In reality, there are many statistical measures that can use Ardmore Shpng historical prices to predict the future Ardmore Shpng's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (1.79) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ardmore Shpng'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.
Ardmore Shpng Backtested Returns
Ardmore Shpng secures Sharpe Ratio (or Efficiency) of -0.34, which signifies that the company had a -0.34% return per unit of standard deviation over the last 3 months. Ardmore Shpng exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ardmore Shpng's risk adjusted performance of (0.23), and Mean Deviation of 1.52 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ardmore Shpng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ardmore Shpng is expected to be smaller as well. At this point, Ardmore Shpng has a negative expected return of -0.69%. Please make sure to confirm Ardmore Shpng's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Ardmore Shpng performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Ardmore Shpng has modest reverse predictability. Overlapping area represents the amount of predictability between Ardmore Shpng time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Ardmore Shpng price movement. The serial correlation of -0.47 indicates that about 47.0% of current Ardmore Shpng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 8.27 |
Ardmore Shpng lagged returns against current returns
Autocorrelation, which is Ardmore Shpng 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 Ardmore Shpng's stock expected returns. We can calculate the autocorrelation of Ardmore Shpng returns to help us make a trade decision. For example, suppose you find that Ardmore Shpng 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 |
Ardmore Shpng 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 Ardmore Shpng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ardmore Shpng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ardmore Shpng stock over time.
Current vs Lagged Prices |
| Timeline |
Ardmore Shpng Lagged Returns
When evaluating Ardmore Shpng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ardmore Shpng stock have on its future price. Ardmore Shpng 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, Ardmore Shpng autocorrelation shows the relationship between Ardmore Shpng stock current value and its past values and can show if there is a momentum factor associated with investing in Ardmore Shpng.
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 Ardmore Shpng offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ardmore Shpng'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 Ardmore Shpng Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ardmore Shpng Stock:Check out Ardmore Shpng Correlation, Ardmore Shpng Volatility and Ardmore Shpng Alpha and Beta module to complement your research on Ardmore Shpng. For information on how to trade Ardmore Stock refer to our How to Trade Ardmore Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Ardmore Shpng 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.