Abbvie Stock Market Value

ABBV
 Stock
  

USD 152.53  1.40  0.91%   

Abbvie's market value is the price at which a share of Abbvie stock trades on a public exchange. It measures the collective expectations of Abbvie Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Abbvie Inc and determine expected loss or profit from investing in Abbvie over a given investment horizon. Please continue to Abbvie Hype Analysis, Abbvie Correlation, Abbvie Valuation, Abbvie Volatility, as well as analyze Abbvie Alpha and Beta and Abbvie Performance.
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Is Abbvie's industry 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 Abbvie. If investors know Abbvie 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 Abbvie listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Abbvie Inc is measured differently than its book value, which is the value of Abbvie that is recorded on the company's balance sheet. Investors also form their own opinion of Abbvie's value that differs from its market value or its book value, called intrinsic value, which is Abbvie'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 Abbvie's market value can be influenced by many factors that don't directly affect Abbvie'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 Abbvie's value and its price as these two are different measures arrived at by different means. Investors typically determine Abbvie value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abbvie'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.

Abbvie '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 Abbvie'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 Abbvie.
0.00
04/08/2022
No Change 0.00  0.0 
In 2 months and 31 days
07/07/2022
0.00
If you would invest  0.00  in Abbvie on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Abbvie Inc or generate 0.0% return on investment in Abbvie over 90 days. Abbvie is related to or competes with Travelers Companies, Chevron Corp, Caterpillar, Walmart, 3M, and International Business. AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals in the worldwideMore

Abbvie 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 Abbvie'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 Abbvie Inc upside and downside potential and time the market with a certain degree of confidence.

Abbvie Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Abbvie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abbvie's standard deviation. In reality, there are many statistical measures that can use Abbvie historical prices to predict the future Abbvie's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Abbvie'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. Please use the tools below to analyze the current value of Abbvie in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
150.99152.63154.27
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Intrinsic
Valuation
LowReal ValueHigh
147.10148.74167.78
Details
Naive
Forecast
LowNext ValueHigh
155.30156.94158.58
Details
13 Analysts
Consensus
LowTarget PriceHigh
118.00143.42172.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Abbvie. Your research has to be compared to or analyzed against Abbvie's peers to derive any actionable benefits. When done correctly, Abbvie's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Abbvie Inc.

Abbvie Inc Backtested Returns

We consider Abbvie very steady. Abbvie Inc secures Sharpe Ratio (or Efficiency) of 0.0252, which signifies that the company had 0.0252% of return per unit of standard deviation over the last 2 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Abbvie Inc, which you can use to evaluate the future volatility of the firm. Please confirm Abbvie Inc risk adjusted performance of 0.058, and Mean Deviation of 1.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.0342%.
Abbvie has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.3971, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Abbvie's beta means in this case. As returns on the market increase, Abbvie returns are expected to increase less than the market. However, during the bear market, the loss on holding Abbvie will be expected to be smaller as well. Although it is important to respect Abbvie Inc historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Abbvie Inc technical indicators, you can presently evaluate if the expected return of 0.0342% will be sustainable into the future. Abbvie Inc right now shows a risk of 1.36%. Please confirm Abbvie Inc coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power to decide if Abbvie Inc will be following its price patterns.

Auto-correlation

    
  0.25  

Poor predictability

Abbvie Inc has poor predictability. Overlapping area represents the amount of predictability between Abbvie time series from 8th of April 2022 to 23rd of May 2022 and 23rd of May 2022 to 7th of July 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Abbvie Inc price movement. The serial correlation of 0.25 indicates that over 25.0% of current Abbvie price fluctuation can be explain by its past prices.
Correlation Coefficient0.25
Spearman Rank Test-0.56
Residual Average0.0
Price Variance25.23

Abbvie Inc lagged returns against current returns

Autocorrelation, which is Abbvie 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 Abbvie's stock expected returns. We can calculate the autocorrelation of Abbvie returns to help us make a trade decision. For example, suppose you find that Abbvie stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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Abbvie 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 Abbvie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abbvie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abbvie stock over time.
 Current vs Lagged Prices 
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Abbvie Lagged Returns

When evaluating Abbvie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abbvie stock have on its future price. Abbvie 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, Abbvie autocorrelation shows the relationship between Abbvie stock current value and its past values and can show if there is a momentum factor associated with investing in Abbvie Inc.
 Regressed Prices 
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      Timeline 

Abbvie Investors Sentiment

The influence of Abbvie's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Abbvie. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Abbvie Implied Volatility

    
  23.47  
Abbvie's implied volatility exposes the market's sentiment of Abbvie Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Abbvie's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Abbvie stock will not fluctuate a lot when Abbvie's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Abbvie in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Abbvie's short interest history, or implied volatility extrapolated from Abbvie options trading.

Current Sentiment - ABBV

Abbvie Inc Investor Sentiment

Majority of Macroaxis users are presently bullish on Abbvie Inc. What is your sentiment towards investing in Abbvie Inc? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Abbvie

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 Abbvie 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 Abbvie will appreciate offsetting losses from the drop in the long position's value.

Abbvie Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Abbvie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abbvie 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 Abbvie - 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 Abbvie Inc to buy it.
The correlation of Abbvie is a statistical measure of how it moves in relation to other equities. 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 Abbvie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abbvie 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 Abbvie 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.
Pair CorrelationCorrelation Matching
Please continue to Abbvie Hype Analysis, Abbvie Correlation, Abbvie Valuation, Abbvie Volatility, as well as analyze Abbvie Alpha and Beta and Abbvie Performance. Note that the Abbvie Inc information on this page should be used as a complementary analysis to other Abbvie's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Abbvie Inc price analysis, check to measure Abbvie's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abbvie is operating at the current time. Most of Abbvie's value examination focuses on studying past and present price action to predict the probability of Abbvie's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Abbvie's price. Additionally, you may evaluate how the addition of Abbvie to your portfolios can decrease your overall portfolio volatility.
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Abbvie 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.
A focus of Abbvie technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Abbvie trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...