Armstrong World Industries Stock Market Value
| AWI Stock | USD 159.14 0.69 0.43% |
| Symbol | Armstrong |
Armstrong World Indu Price To Book Ratio
Is Building Products 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 Armstrong World. If investors know Armstrong 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 Armstrong World 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 0.122 | Dividend Share 1.148 | Earnings Share 5.67 | Revenue Per Share 31.742 | Quarterly Revenue Growth 0.113 |
The market value of Armstrong World Indu is measured differently than its book value, which is the value of Armstrong that is recorded on the company's balance sheet. Investors also form their own opinion of Armstrong World's value that differs from its market value or its book value, called intrinsic value, which is Armstrong World'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 Armstrong World's market value can be influenced by many factors that don't directly affect Armstrong World'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 Armstrong World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Armstrong World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Armstrong World'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.
Armstrong World '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 Armstrong World'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 Armstrong World.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Armstrong World on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Armstrong World Industries or generate 0.0% return on investment in Armstrong World over 360 days. Armstrong World is related to or competes with Quanex Building, Gibraltar Industries, Beacon Roofing, Janus International, Trex, Apogee Enterprises, and Azek. Armstrong World Industries, Inc., together with its subsidiaries, designs, manufactures, and sells ceiling systems prima... More
Armstrong World 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 Armstrong World'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 Armstrong World Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.2003 | |||
| Maximum Drawdown | 5.22 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 2.35 |
Armstrong World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Armstrong World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Armstrong World's standard deviation. In reality, there are many statistical measures that can use Armstrong World historical prices to predict the future Armstrong World's volatility.| Risk Adjusted Performance | 0.2423 | |||
| Jensen Alpha | 0.2401 | |||
| Total Risk Alpha | 0.1687 | |||
| Sortino Ratio | 0.2247 | |||
| Treynor Ratio | 0.3559 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Armstrong World's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Armstrong World Indu Backtested Returns
Armstrong World appears to be very steady, given 3 months investment horizon. Armstrong World Indu secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the company had a 0.34% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Armstrong World Industries, which you can use to evaluate the volatility of the firm. Please makes use of Armstrong World's Risk Adjusted Performance of 0.2423, downside deviation of 1.1, and Mean Deviation of 0.9448 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Armstrong World holds a performance score of 26. The firm shows a Beta (market volatility) of 1.05, which signifies a somewhat significant risk relative to the market. Armstrong World returns are very sensitive to returns on the market. As the market goes up or down, Armstrong World is expected to follow. Please check Armstrong World's total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Armstrong World's price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
Armstrong World Industries has modest predictability. Overlapping area represents the amount of predictability between Armstrong World time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Armstrong World Indu price movement. The serial correlation of 0.51 indicates that about 51.0% of current Armstrong World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 186.22 |
Armstrong World Indu lagged returns against current returns
Autocorrelation, which is Armstrong World 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 Armstrong World's stock expected returns. We can calculate the autocorrelation of Armstrong World returns to help us make a trade decision. For example, suppose you find that Armstrong World 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 |
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Armstrong World 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 Armstrong World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Armstrong World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Armstrong World stock over time.
Current vs Lagged Prices |
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Armstrong World Lagged Returns
When evaluating Armstrong World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Armstrong World stock have on its future price. Armstrong World 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, Armstrong World autocorrelation shows the relationship between Armstrong World stock current value and its past values and can show if there is a momentum factor associated with investing in Armstrong World Industries.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Armstrong World Indu offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Armstrong World's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Armstrong World Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Armstrong World Industries Stock:Check out Armstrong World Correlation, Armstrong World Volatility and Armstrong World Alpha and Beta module to complement your research on Armstrong World. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Armstrong World 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.