Avery Dennison Corp Stock Market Value
| AVY Stock | USD 207.94 5.35 2.64% |
| Symbol | Avery |
Avery Dennison Corp Price To Book Ratio
Is Paper & Plastic Packaging Products & Materials 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 Avery Dennison. If investors know Avery 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 Avery Dennison 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 0.316 | Dividend Share 3.38 | Earnings Share 8.33 | Revenue Per Share 107.765 | Quarterly Revenue Growth 0.041 |
The market value of Avery Dennison Corp is measured differently than its book value, which is the value of Avery that is recorded on the company's balance sheet. Investors also form their own opinion of Avery Dennison's value that differs from its market value or its book value, called intrinsic value, which is Avery Dennison'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 Avery Dennison's market value can be influenced by many factors that don't directly affect Avery Dennison'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 Avery Dennison's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avery Dennison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avery Dennison'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.
Avery Dennison '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 Avery Dennison'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 Avery Dennison.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Avery Dennison on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Avery Dennison Corp or generate 0.0% return on investment in Avery Dennison over 30 days. Avery Dennison is related to or competes with Packaging Corp, O I, Silgan Holdings, Sealed Air, International Paper, Sonoco Products, and Pactiv Evergreen. Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Euro... More
Avery Dennison 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 Avery Dennison'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 Avery Dennison Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.42 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.5 |
Avery Dennison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avery Dennison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avery Dennison's standard deviation. In reality, there are many statistical measures that can use Avery Dennison historical prices to predict the future Avery Dennison's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avery Dennison'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.
Avery Dennison Corp Backtested Returns
Avery Dennison Corp secures Sharpe Ratio (or Efficiency) of -0.0442, which signifies that the company had a -0.0442% return per unit of standard deviation over the last 3 months. Avery Dennison Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avery Dennison's risk adjusted performance of (0.05), and Mean Deviation of 0.872 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Avery Dennison's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avery Dennison is expected to be smaller as well. At this point, Avery Dennison Corp has a negative expected return of -0.0556%. Please make sure to confirm Avery Dennison's treynor ratio, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Avery Dennison Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Avery Dennison Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Avery Dennison time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Avery Dennison Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Avery Dennison price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 10.74 |
Avery Dennison Corp lagged returns against current returns
Autocorrelation, which is Avery Dennison 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 Avery Dennison's stock expected returns. We can calculate the autocorrelation of Avery Dennison returns to help us make a trade decision. For example, suppose you find that Avery Dennison 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 |
Avery Dennison 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 Avery Dennison stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avery Dennison stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avery Dennison stock over time.
Current vs Lagged Prices |
| Timeline |
Avery Dennison Lagged Returns
When evaluating Avery Dennison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avery Dennison stock have on its future price. Avery Dennison 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, Avery Dennison autocorrelation shows the relationship between Avery Dennison stock current value and its past values and can show if there is a momentum factor associated with investing in Avery Dennison Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Avery Stock Analysis
When running Avery Dennison's price analysis, check to measure Avery Dennison'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 Avery Dennison is operating at the current time. Most of Avery Dennison's value examination focuses on studying past and present price action to predict the probability of Avery Dennison's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avery Dennison's price. Additionally, you may evaluate how the addition of Avery Dennison to your portfolios can decrease your overall portfolio volatility.