Asgn Inc Stock Market Value
| ASGN Stock | USD 90.98 0.09 0.1% |
| Symbol | ASGN |
ASGN Inc Price To Book Ratio
Is Human Resource & Employment Services 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 ASGN. If investors know ASGN 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 ASGN 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 (0.14) | Earnings Share 3.96 | Revenue Per Share 91.558 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0559 |
The market value of ASGN Inc is measured differently than its book value, which is the value of ASGN that is recorded on the company's balance sheet. Investors also form their own opinion of ASGN's value that differs from its market value or its book value, called intrinsic value, which is ASGN'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 ASGN's market value can be influenced by many factors that don't directly affect ASGN'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 ASGN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASGN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASGN'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.
ASGN '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 ASGN'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 ASGN.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ASGN on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ASGN Inc or generate 0.0% return on investment in ASGN over 30 days. ASGN is related to or competes with ExlService Holdings, WNS Holdings, Gartner, Hackett, Genpact, CACI International, and Leidos Holdings. ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and cr... More
ASGN 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 ASGN'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 ASGN Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.02 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 2.35 |
ASGN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASGN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASGN's standard deviation. In reality, there are many statistical measures that can use ASGN historical prices to predict the future ASGN's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.03) |
ASGN Inc Backtested Returns
ASGN Inc secures Sharpe Ratio (or Efficiency) of -0.0307, which signifies that the company had a -0.0307% return per unit of risk over the last 3 months. ASGN Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ASGN's Standard Deviation of 2.09, risk adjusted performance of (0.01), and Mean Deviation of 1.5 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.96, 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, ASGN will likely underperform. At this point, ASGN Inc has a negative expected return of -0.0649%. Please make sure to confirm ASGN's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if ASGN Inc performance from the past will be repeated in the future.
Auto-correlation | 0.29 |
Poor predictability
ASGN Inc has poor predictability. Overlapping area represents the amount of predictability between ASGN time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 ASGN Inc price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current ASGN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 11.2 |
ASGN Inc lagged returns against current returns
Autocorrelation, which is ASGN 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 ASGN's stock expected returns. We can calculate the autocorrelation of ASGN returns to help us make a trade decision. For example, suppose you find that ASGN 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 |
ASGN 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 ASGN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASGN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASGN stock over time.
Current vs Lagged Prices |
| Timeline |
ASGN Lagged Returns
When evaluating ASGN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASGN stock have on its future price. ASGN 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, ASGN autocorrelation shows the relationship between ASGN stock current value and its past values and can show if there is a momentum factor associated with investing in ASGN Inc.
Regressed Prices |
| Timeline |
Pair Trading with ASGN
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 ASGN 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 ASGN will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ASGN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASGN 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 ASGN - 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 ASGN Inc to buy it.
The correlation of ASGN 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 ASGN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASGN Inc 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 ASGN 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 ASGN Correlation, ASGN Volatility and ASGN Alpha and Beta module to complement your research on ASGN. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
ASGN 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.