Altria Group Stock Market Value
| MO Stock | USD 51.38 1.28 2.43% |
| Symbol | Altria |
Altria Group Price To Book Ratio
Is Tobacco 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 Altria. If investors know Altria 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 Altria 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 0.099 | Dividend Share 3.96 | Earnings Share 5.92 | Revenue Per Share | Quarterly Revenue Growth 0.013 |
The market value of Altria Group is measured differently than its book value, which is the value of Altria that is recorded on the company's balance sheet. Investors also form their own opinion of Altria's value that differs from its market value or its book value, called intrinsic value, which is Altria'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 Altria's market value can be influenced by many factors that don't directly affect Altria'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 Altria's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altria is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altria'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.
Altria '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 Altria'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 Altria.
| 02/10/2023 |
| 01/30/2025 |
If you would invest 0.00 in Altria on February 10, 2023 and sell it all today you would earn a total of 0.00 from holding Altria Group or generate 0.0% return on investment in Altria over 720 days. Altria is related to or competes with British Amer, Universal, Imperial Brands, Philip Morris, Turning Point, Japan Tobacco, and Imperial Brands. Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United S... More
Altria 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 Altria'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 Altria Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.6 |
Altria Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altria's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altria's standard deviation. In reality, there are many statistical measures that can use Altria historical prices to predict the future Altria's volatility.| Risk Adjusted Performance | 0.0786 | |||
| Jensen Alpha | 0.0902 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0356 | |||
| Treynor Ratio | 0.3711 |
Altria Group Backtested Returns
Altria Group secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Altria Group exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altria's Downside Deviation of 1.07, mean deviation of 0.8956, and Risk Adjusted Performance of 0.0786 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altria's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altria is expected to be smaller as well. At this point, Altria Group has a negative expected return of -7.0E-4%. Please make sure to confirm Altria's potential upside, as well as the relationship between the kurtosis and price action indicator , to decide if Altria Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Altria Group has very good reverse predictability. Overlapping area represents the amount of predictability between Altria time series from 10th of February 2023 to 5th of February 2024 and 5th of February 2024 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Altria Group price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Altria price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 31.57 |
Altria Group lagged returns against current returns
Autocorrelation, which is Altria 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 Altria's stock expected returns. We can calculate the autocorrelation of Altria returns to help us make a trade decision. For example, suppose you find that Altria 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 |
Altria 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 Altria stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altria stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altria stock over time.
Current vs Lagged Prices |
| Timeline |
Altria Lagged Returns
When evaluating Altria's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altria stock have on its future price. Altria 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, Altria autocorrelation shows the relationship between Altria stock current value and its past values and can show if there is a momentum factor associated with investing in Altria Group.
Regressed Prices |
| Timeline |
Pair Trading with Altria
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altria position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altria will appreciate offsetting losses from the drop in the long position's value.Moving together with Altria Stock
Moving against Altria Stock
| 0.59 | UG | United Guardian | PairCorr |
| 0.45 | EL | Estee Lauder Companies Earnings Call This Week | PairCorr |
| 0.33 | PAVS | Paranovus Entertainment | PairCorr |
The ability to find closely correlated positions to Altria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altria when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altria - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altria Group to buy it.
The correlation of Altria is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altria Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altria can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Altria Correlation, Altria Volatility and Altria Alpha and Beta module to complement your research on Altria. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Altria 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.