Ashland Global Holdings Stock Market Value
| ASH Stock | USD 77.68 1.47 1.93% |
| Symbol | Ashland |
Ashland Global Holdings 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 Ashland Global. If investors know Ashland 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 Ashland Global 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 (0.88) | Dividend Share 1.58 | Earnings Share 3.94 | Revenue Per Share 42.26 | Quarterly Revenue Growth 0.01 |
The market value of Ashland Global Holdings is measured differently than its book value, which is the value of Ashland that is recorded on the company's balance sheet. Investors also form their own opinion of Ashland Global's value that differs from its market value or its book value, called intrinsic value, which is Ashland Global'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 Ashland Global's market value can be influenced by many factors that don't directly affect Ashland Global'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 Ashland Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashland Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashland Global'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.
Ashland Global '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 Ashland Global'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 Ashland Global.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ashland Global on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ashland Global Holdings or generate 0.0% return on investment in Ashland Global over 180 days. Ashland Global is related to or competes with H B, Element Solutions, Balchem, Avantor, Minerals Technologies, Axalta Coating, and Innospec. Ashland Inc. provides additives and specialty ingredients worldwide More
Ashland Global 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 Ashland Global'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 Ashland Global Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.04 |
Ashland Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashland Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashland Global's standard deviation. In reality, there are many statistical measures that can use Ashland Global historical prices to predict the future Ashland Global's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ashland Global'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.
Ashland Global Holdings Backtested Returns
Ashland Global Holdings secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Ashland Global Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ashland Global's mean deviation of 1.03, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.04, which signifies a somewhat significant risk relative to the market. Ashland Global returns are very sensitive to returns on the market. As the market goes up or down, Ashland Global is expected to follow. At this point, Ashland Global Holdings has a negative expected return of -0.19%. Please make sure to confirm Ashland Global's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Ashland Global Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Ashland Global Holdings has good predictability. Overlapping area represents the amount of predictability between Ashland Global 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 Ashland Global Holdings price movement. The serial correlation of 0.67 indicates that around 67.0% of current Ashland Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 12.35 |
Ashland Global Holdings lagged returns against current returns
Autocorrelation, which is Ashland Global 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 Ashland Global's stock expected returns. We can calculate the autocorrelation of Ashland Global returns to help us make a trade decision. For example, suppose you find that Ashland Global 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 |
Ashland Global 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 Ashland Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashland Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashland Global stock over time.
Current vs Lagged Prices |
| Timeline |
Ashland Global Lagged Returns
When evaluating Ashland Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashland Global stock have on its future price. Ashland Global 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, Ashland Global autocorrelation shows the relationship between Ashland Global stock current value and its past values and can show if there is a momentum factor associated with investing in Ashland Global Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Ashland Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ashland Global'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 Ashland Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ashland Global Holdings Stock:Check out Ashland Global Correlation, Ashland Global Volatility and Ashland Global Alpha and Beta module to complement your research on Ashland Global. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Ashland Global 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.