Asbury Automotive Group Stock Market Value
| ABG Stock | USD 260.03 3.69 1.40% |
| Symbol | Asbury |
Asbury Automotive Price To Book Ratio
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 17.83 | 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.
Asbury Automotive '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 Asbury Automotive'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 Asbury Automotive.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Asbury Automotive on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Asbury Automotive Group or generate 0.0% return on investment in Asbury Automotive over 720 days. Asbury Automotive is related to or competes with Sonic Automotive, Lithia Motors, AutoNation, Penske Automotive, and Group 1. Asbury Automotive Group, Inc., together with its subsidiaries, operates as an automotive retailer in the United States More
Asbury Automotive 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 Asbury Automotive'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 Asbury Automotive Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.0042 | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 3.95 |
Asbury Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asbury Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asbury Automotive's standard deviation. In reality, there are many statistical measures that can use Asbury Automotive historical prices to predict the future Asbury Automotive's volatility.| Risk Adjusted Performance | 0.0566 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0048 | |||
| Treynor Ratio | 0.0731 |
Asbury Automotive Backtested Returns
At this point, Asbury Automotive is very steady. Asbury Automotive secures Sharpe Ratio (or Efficiency) of 0.0523, which signifies that the company had a 0.0523% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Asbury Automotive Group, which you can use to evaluate the volatility of the firm. Please confirm Asbury Automotive's mean deviation of 1.69, and Risk Adjusted Performance of 0.0566 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Asbury Automotive has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.77, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Asbury Automotive will likely underperform. Asbury Automotive right now shows a risk of 2.16%. Please confirm Asbury Automotive mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Asbury Automotive will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Asbury Automotive Group has very weak predictability. Overlapping area represents the amount of predictability between Asbury Automotive time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Asbury Automotive price movement. The serial correlation of 0.19 indicates that over 19.0% of current Asbury Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 214.73 |
Asbury Automotive lagged returns against current returns
Autocorrelation, which is Asbury Automotive 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 Asbury Automotive's stock expected returns. We can calculate the autocorrelation of Asbury Automotive returns to help us make a trade decision. For example, suppose you find that Asbury Automotive 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 |
Asbury Automotive 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 Asbury Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asbury Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asbury Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
Asbury Automotive Lagged Returns
When evaluating Asbury Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asbury Automotive stock have on its future price. Asbury Automotive 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, Asbury Automotive autocorrelation shows the relationship between Asbury Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in Asbury Automotive Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Asbury Automotive is a strong investment it is important to analyze Asbury Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Asbury Automotive's future performance. For an informed investment choice regarding Asbury Stock, refer to the following important reports:Check out Asbury Automotive Correlation, Asbury Automotive Volatility and Asbury Automotive Alpha and Beta module to complement your research on Asbury Automotive. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Asbury Automotive 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.