Asbury Automotive Group Stock Probability of Future Stock Price Finishing Over 250.90
| ABG Stock | USD 243.78 1.99 0.81% |
Asbury |
Asbury Automotive Target Price Odds to finish over 250.90
The tendency of Asbury Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 250.90 or more in 90 days |
| 243.78 | 90 days | 250.90 | about 31.25 |
Based on a normal probability distribution, the odds of Asbury Automotive to move over $ 250.90 or more in 90 days from now is about 31.25 (This Asbury Automotive Group probability density function shows the probability of Asbury Stock to fall within a particular range of prices over 90 days) . Probability of Asbury Automotive price to stay between its current price of $ 243.78 and $ 250.90 at the end of the 90-day period is about 18.01 .
Considering the 90-day investment horizon Asbury Automotive has a beta of 0.35. This suggests as returns on the market go up, Asbury Automotive average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Asbury Automotive Group will be expected to be much smaller as well. Additionally Asbury Automotive Group has an alpha of 0.1185, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Asbury Automotive Price Density |
| Price |
Predictive Modules for Asbury Automotive
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Asbury Automotive. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Asbury Automotive Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Asbury Automotive is not an exception. The market had few large corrections towards the Asbury Automotive's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Asbury Automotive Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Asbury Automotive within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 0.35 | |
σ | Overall volatility | 15.14 | |
Ir | Information ratio | 0.05 |
Asbury Automotive Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Asbury Automotive for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Asbury Automotive can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 100.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Heres Whats Concerning About Asbury Automotive Groups Returns On Capital |
Asbury Automotive Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Asbury Stock often depends not only on the future outlook of the current and potential Asbury Automotive's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Asbury Automotive's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 21 M | |
| Cash And Short Term Investments | 51.9 M |
Asbury Automotive Technical Analysis
Asbury Automotive's future price can be derived by breaking down and analyzing its technical indicators over time. Asbury Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Asbury Automotive Group. In general, you should focus on analyzing Asbury Stock price patterns and their correlations with different microeconomic environments and drivers.
Asbury Automotive Predictive Forecast Models
Asbury Automotive's time-series forecasting models is one of many Asbury Automotive's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Asbury Automotive's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Asbury Automotive
Checking the ongoing alerts about Asbury Automotive for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Asbury Automotive help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 100.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Heres Whats Concerning About Asbury Automotive Groups Returns On Capital |
Check out Asbury Automotive Backtesting, Asbury Automotive Valuation, Asbury Automotive Correlation, Asbury Automotive Hype Analysis, Asbury Automotive Volatility, Asbury Automotive History as well as Asbury Automotive Performance. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Automotive Retail 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 Asbury Automotive. If investors know Asbury 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 Asbury Automotive 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 (0.22) | Earnings Share 17.82 | Revenue Per Share 815.614 | Quarterly Revenue Growth 0.156 | Return On Assets 0.0663 |
The market value of Asbury Automotive is measured differently than its book value, which is the value of Asbury that is recorded on the company's balance sheet. Investors also form their own opinion of Asbury Automotive's value that differs from its market value or its book value, called intrinsic value, which is Asbury Automotive'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 Asbury Automotive's market value can be influenced by many factors that don't directly affect Asbury Automotive'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 Asbury Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asbury Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asbury Automotive'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.