Manpowergroup Stock Market Value
| MAN Stock | USD 64.56 0.42 0.65% |
| Symbol | ManpowerGroup |
ManpowerGroup 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 ManpowerGroup. If investors know ManpowerGroup 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 ManpowerGroup 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) | Dividend Share 3.01 | Earnings Share 0.87 | Revenue Per Share 375.591 | Quarterly Revenue Growth (0.03) |
The market value of ManpowerGroup is measured differently than its book value, which is the value of ManpowerGroup that is recorded on the company's balance sheet. Investors also form their own opinion of ManpowerGroup's value that differs from its market value or its book value, called intrinsic value, which is ManpowerGroup'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 ManpowerGroup's market value can be influenced by many factors that don't directly affect ManpowerGroup'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 ManpowerGroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if ManpowerGroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ManpowerGroup'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.
ManpowerGroup '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 ManpowerGroup'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 ManpowerGroup.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ManpowerGroup on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ManpowerGroup or generate 0.0% return on investment in ManpowerGroup over 30 days. ManpowerGroup is related to or competes with Kforce, Heidrick Struggles, Korn Ferry, Hudson Global, Kelly Services, Paychex, and Hirequest. ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the ... More
ManpowerGroup 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 ManpowerGroup'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 ManpowerGroup upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 12.95 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.76 |
ManpowerGroup Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ManpowerGroup's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ManpowerGroup's standard deviation. In reality, there are many statistical measures that can use ManpowerGroup historical prices to predict the future ManpowerGroup's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.13) |
ManpowerGroup Backtested Returns
ManpowerGroup has Sharpe Ratio of -0.0935, which conveys that the firm had a -0.0935% return per unit of risk over the last 3 months. ManpowerGroup exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify ManpowerGroup's Standard Deviation of 2.01, risk adjusted performance of (0.06), and Mean Deviation of 1.43 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.35, which conveys 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, ManpowerGroup will likely underperform. At this point, ManpowerGroup has a negative expected return of -0.19%. Please make sure to verify ManpowerGroup's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if ManpowerGroup performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
ManpowerGroup has very weak reverse predictability. Overlapping area represents the amount of predictability between ManpowerGroup 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 ManpowerGroup price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current ManpowerGroup price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
ManpowerGroup lagged returns against current returns
Autocorrelation, which is ManpowerGroup 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 ManpowerGroup's stock expected returns. We can calculate the autocorrelation of ManpowerGroup returns to help us make a trade decision. For example, suppose you find that ManpowerGroup 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 |
ManpowerGroup 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 ManpowerGroup stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ManpowerGroup stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ManpowerGroup stock over time.
Current vs Lagged Prices |
| Timeline |
ManpowerGroup Lagged Returns
When evaluating ManpowerGroup's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ManpowerGroup stock have on its future price. ManpowerGroup 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, ManpowerGroup autocorrelation shows the relationship between ManpowerGroup stock current value and its past values and can show if there is a momentum factor associated with investing in ManpowerGroup.
Regressed Prices |
| Timeline |
Pair Trading with ManpowerGroup
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 ManpowerGroup 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 ManpowerGroup will appreciate offsetting losses from the drop in the long position's value.Moving together with ManpowerGroup Stock
Moving against ManpowerGroup Stock
| 0.71 | INOD | Innodata Downward Rally | PairCorr |
| 0.7 | WM | Waste Management | PairCorr |
| 0.7 | B | Barnes Group | PairCorr |
| 0.69 | PYCR | Paycor HCM | PairCorr |
| 0.68 | CTAS | Cintas | PairCorr |
The ability to find closely correlated positions to ManpowerGroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ManpowerGroup 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 ManpowerGroup - 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 ManpowerGroup to buy it.
The correlation of ManpowerGroup 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 ManpowerGroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ManpowerGroup 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 ManpowerGroup 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 ManpowerGroup Correlation, ManpowerGroup Volatility and ManpowerGroup Alpha and Beta module to complement your research on ManpowerGroup. To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
ManpowerGroup 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.