AmerisourceBergen Stock Market Value

ABC
 Stock
  

USD 170.69  2.79  1.66%   

AmerisourceBergen's market value is the price at which a share of AmerisourceBergen stock trades on a public exchange. It measures the collective expectations of AmerisourceBergen investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of AmerisourceBergen and determine expected loss or profit from investing in AmerisourceBergen over a given investment horizon. Please continue to AmerisourceBergen Correlation, AmerisourceBergen Volatility and AmerisourceBergen Alpha and Beta module to complement your research on AmerisourceBergen.
Symbol


Is AmerisourceBergen'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 AmerisourceBergen. If investors know AmerisourceBergen 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 AmerisourceBergen 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 YOY
(0.32) 
Market Capitalization
34 B
Quarterly Revenue Growth YOY
0.038
Return On Assets
0.0306
Return On Equity
28.8 K
The market value of AmerisourceBergen is measured differently than its book value, which is the value of AmerisourceBergen that is recorded on the company's balance sheet. Investors also form their own opinion of AmerisourceBergen's value that differs from its market value or its book value, called intrinsic value, which is AmerisourceBergen'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 AmerisourceBergen's market value can be influenced by many factors that don't directly affect AmerisourceBergen'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 AmerisourceBergen's value and its price as these two are different measures arrived at by different means. Investors typically determine AmerisourceBergen value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AmerisourceBergen'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.

AmerisourceBergen '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 AmerisourceBergen'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 AmerisourceBergen.
0.00
10/31/2022
No Change 0.00  0.0 
In 31 days
11/30/2022
0.00
If you would invest  0.00  in AmerisourceBergen on October 31, 2022 and sell it all today you would earn a total of 0.00 from holding AmerisourceBergen or generate 0.0% return on investment in AmerisourceBergen over 30 days. AmerisourceBergen is related to or competes with International Business, Alcoa Corp, Dupont De, Intel, American Express, Exxon, and Home Depot. AmerisourceBergen Corporation sources and distributes pharmaceutical products More

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

AmerisourceBergen Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for AmerisourceBergen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AmerisourceBergen's standard deviation. In reality, there are many statistical measures that can use AmerisourceBergen historical prices to predict the future AmerisourceBergen's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of AmerisourceBergen'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 AmerisourceBergen in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
168.43170.00171.57
Details
Intrinsic
Valuation
LowReal ValueHigh
165.31166.88187.76
Details
Naive
Forecast
LowNext ValueHigh
174.73176.29177.86
Details
8 Analysts
Consensus
LowTarget PriceHigh
114.00143.11161.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AmerisourceBergen. Your research has to be compared to or analyzed against AmerisourceBergen's peers to derive any actionable benefits. When done correctly, AmerisourceBergen'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 AmerisourceBergen.

AmerisourceBergen Backtested Returns

AmerisourceBergen appears to be very steady, given 3 months investment horizon. AmerisourceBergen secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had 0.16% of return per unit of standard deviation over the last 3 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-one technical indicators for AmerisourceBergen, which you can use to evaluate the future volatility of the firm. Please makes use of AmerisourceBergen's mean deviation of 1.25, and Risk Adjusted Performance of 0.2298 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, AmerisourceBergen holds a performance score of 12. The firm shows a Beta (market volatility) of 0.586, which signifies possible diversification benefits within a given portfolio. Let's try to break down what AmerisourceBergen's beta means in this case. As returns on the market increase, AmerisourceBergen returns are expected to increase less than the market. However, during the bear market, the loss on holding AmerisourceBergen will be expected to be smaller as well. Although it is vital to follow AmerisourceBergen historical returns, it is good to be conservative about what you can do with the information regarding equity 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 AmerisourceBergen technical indicators, you can presently evaluate if the expected return of 0.25% will be sustainable into the future. Please makes use of AmerisourceBergen variance, maximum drawdown, and the relationship between the coefficient of variation and jensen alpha to make a quick decision on whether AmerisourceBergen price patterns will revert.

Auto-correlation

    
  -0.13  

Insignificant reverse predictability

AmerisourceBergen has insignificant reverse predictability. Overlapping area represents the amount of predictability between AmerisourceBergen time series from 31st of October 2022 to 15th of November 2022 and 15th of November 2022 to 30th of November 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 AmerisourceBergen price movement. The serial correlation of -0.13 indicates that less than 13.0% of current AmerisourceBergen price fluctuation can be explain by its past prices.
Correlation Coefficient-0.13
Spearman Rank Test-0.11
Residual Average0.0
Price Variance28.47

AmerisourceBergen lagged returns against current returns

Autocorrelation, which is AmerisourceBergen 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 AmerisourceBergen's stock expected returns. We can calculate the autocorrelation of AmerisourceBergen returns to help us make a trade decision. For example, suppose you find that AmerisourceBergen 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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       Timeline  

AmerisourceBergen 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 AmerisourceBergen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AmerisourceBergen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AmerisourceBergen stock over time.
   Current vs Lagged Prices   
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       Timeline  

AmerisourceBergen Lagged Returns

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

AmerisourceBergen Investors Sentiment

The influence of AmerisourceBergen'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 AmerisourceBergen. 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.
Investor biases related to AmerisourceBergen's public news can be used to forecast risks associated with investment in AmerisourceBergen. The trend in average sentiment can be used to explain how an investor holding AmerisourceBergen can time the market purely based on public headlines and social activities around AmerisourceBergen. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
AmerisourceBergen's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for AmerisourceBergen's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average AmerisourceBergen's news discussions. The higher the estimated score, the more favorable is the investor's outlook on AmerisourceBergen.

AmerisourceBergen Implied Volatility

    
  87.08  
AmerisourceBergen's implied volatility exposes the market's sentiment of AmerisourceBergen stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if AmerisourceBergen'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 AmerisourceBergen stock will not fluctuate a lot when AmerisourceBergen'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 AmerisourceBergen 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, AmerisourceBergen's short interest history, or implied volatility extrapolated from AmerisourceBergen options trading.

Pair Trading with AmerisourceBergen

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

Moving against AmerisourceBergen

-0.61OSHOak Street Health Upward RallyPairCorr
The ability to find closely correlated positions to AmerisourceBergen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AmerisourceBergen 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 AmerisourceBergen - 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 AmerisourceBergen to buy it.
The correlation of AmerisourceBergen 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 AmerisourceBergen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AmerisourceBergen 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 AmerisourceBergen 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 AmerisourceBergen Correlation, AmerisourceBergen Volatility and AmerisourceBergen Alpha and Beta module to complement your research on AmerisourceBergen. Note that the AmerisourceBergen information on this page should be used as a complementary analysis to other AmerisourceBergen'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 CEO Directory module to screen CEOs from public companies around the world.

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When running AmerisourceBergen price analysis, check to measure AmerisourceBergen'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 AmerisourceBergen is operating at the current time. Most of AmerisourceBergen's value examination focuses on studying past and present price action to predict the probability of AmerisourceBergen's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move AmerisourceBergen's price. Additionally, you may evaluate how the addition of AmerisourceBergen to your portfolios can decrease your overall portfolio volatility.
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AmerisourceBergen 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 AmerisourceBergen technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AmerisourceBergen 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...