Ball Corporation Stock Market Value
| BALL Stock | USD 60.83 0.41 0.68% |
| Symbol | Ball |
Ball Price To Book Ratio
Is Metal, Glass & Plastic Containers 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 Ball. If investors know Ball 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 Ball 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 0.008 | Dividend Share 0.8 | Earnings Share 2.4 | Revenue Per Share 44.401 | Quarterly Revenue Growth (0.01) |
The market value of Ball is measured differently than its book value, which is the value of Ball that is recorded on the company's balance sheet. Investors also form their own opinion of Ball's value that differs from its market value or its book value, called intrinsic value, which is Ball'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 Ball's market value can be influenced by many factors that don't directly affect Ball'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 Ball's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ball is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ball'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.
Ball '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 Ball'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 Ball.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ball on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ball Corporation or generate 0.0% return on investment in Ball over 30 days. Ball is related to or competes with Graphic Packaging, Silgan Holdings, Sonoco Products, Reynolds Consumer, Sealed Air, International Paper, and Avery Dennison. Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries... More
Ball 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 Ball'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 Ball Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.98 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.52 |
Ball Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ball's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ball's standard deviation. In reality, there are many statistical measures that can use Ball historical prices to predict the future Ball's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.09) |
Ball Backtested Returns
Ball secures Sharpe Ratio (or Efficiency) of -0.0479, which signifies that the company had a -0.0479% return per unit of risk over the last 3 months. Ball Corporation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ball's Risk Adjusted Performance of (0.03), standard deviation of 1.48, and Mean Deviation of 1.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ball's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ball is expected to be smaller as well. At this point, Ball has a negative expected return of -0.0715%. Please make sure to confirm Ball's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Ball performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Ball Corporation has virtually no predictability. Overlapping area represents the amount of predictability between Ball time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Ball price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Ball price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Ball lagged returns against current returns
Autocorrelation, which is Ball 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 Ball's stock expected returns. We can calculate the autocorrelation of Ball returns to help us make a trade decision. For example, suppose you find that Ball 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 |
Ball 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 Ball stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ball stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ball stock over time.
Current vs Lagged Prices |
| Timeline |
Ball Lagged Returns
When evaluating Ball's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ball stock have on its future price. Ball 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, Ball autocorrelation shows the relationship between Ball stock current value and its past values and can show if there is a momentum factor associated with investing in Ball Corporation.
Regressed Prices |
| Timeline |
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Ball 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.