ABM Industries Stock Market Value

ABM
 Stock
  

USD 45.67  0.37  0.82%   

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


Is ABM Industries' 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 ABM Industries. If investors know ABM Industries 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 ABM Industries 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
0.56
Market Capitalization
B
Quarterly Revenue Growth YOY
0.27
Return On Assets
0.0492
Return On Equity
13.24
The market value of ABM Industries is measured differently than its book value, which is the value of ABM Industries that is recorded on the company's balance sheet. Investors also form their own opinion of ABM Industries' value that differs from its market value or its book value, called intrinsic value, which is ABM Industries' 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 ABM Industries' market value can be influenced by many factors that don't directly affect ABM Industries' 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 ABM Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine ABM Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABM Industries' 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.

ABM Industries '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 ABM Industries' 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 ABM Industries.
0.00
01/06/2021
No Change 0.00  0.0 
In 1 year 10 months and 22 days
11/27/2022
0.00
If you would invest  0.00  in ABM Industries on January 6, 2021 and sell it all today you would earn a total of 0.00 from holding ABM Industries or generate 0.0% return on investment in ABM Industries over 690 days. ABM Industries is related to or competes with Costar, Digital Realty, Extra Space, Gaming Leisure, Jones Lang, and Xinyuan Real. ABM Industries Incorporated provides integrated facility solutions in the United States and internationally More

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

ABM Industries Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ABM Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABM Industries' standard deviation. In reality, there are many statistical measures that can use ABM Industries historical prices to predict the future ABM Industries' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ABM Industries' 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 ABM Industries in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
43.5145.6747.83
Details
Intrinsic
Valuation
LowReal ValueHigh
41.1049.3651.52
Details
Naive
Forecast
LowNext ValueHigh
44.5746.7348.89
Details
3 Analysts
Consensus
LowTarget PriceHigh
55.0055.0055.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ABM Industries. Your research has to be compared to or analyzed against ABM Industries' peers to derive any actionable benefits. When done correctly, ABM Industries' 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 ABM Industries.

ABM Industries Backtested Returns

ABM Industries secures Sharpe Ratio (or Efficiency) of -6.0E-4, which signifies that the company had -6.0E-4% of return per unit of return volatility over the last 3 months. Macroaxis approach into foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. ABM Industries exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ABM Industries mean deviation of 1.7, and Coefficient Of Variation of (9,582) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.1474, which signifies a somewhat significant risk relative to the market. Let's try to break down what ABM Industries's beta means in this case. ABM Industries returns are very sensitive to returns on the market. As the market goes up or down, ABM Industries is expected to follow. Even though it is essential to pay attention to ABM Industries historical returns, it is always good to be careful when utilizing equity current trending patterns. Our approach into foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ABM Industries exposes twenty-eight different technical indicators, which can help you to evaluate its performance. ABM Industries has an expected return of -0.0013%. Please be advised to confirm ABM Industries jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall to decide if ABM Industries performance from the past will be repeated in the future.

Auto-correlation

    
  0.54  

Modest predictability

ABM Industries has modest predictability. Overlapping area represents the amount of predictability between ABM Industries time series from 6th of January 2021 to 17th of December 2021 and 17th of December 2021 to 27th 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 ABM Industries price movement. The serial correlation of 0.54 indicates that about 54.0% of current ABM Industries price fluctuation can be explain by its past prices.
Correlation Coefficient0.54
Spearman Rank Test0.06
Residual Average0.0
Price Variance8.49

ABM Industries lagged returns against current returns

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

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

ABM Industries Lagged Returns

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

ABM Industries Investors Sentiment

The influence of ABM Industries' 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 ABM Industries. 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 ABM Industries' public news can be used to forecast risks associated with investment in ABM Industries. The trend in average sentiment can be used to explain how an investor holding ABM Industries can time the market purely based on public headlines and social activities around ABM Industries. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
ABM Industries' 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 ABM Industries' 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 ABM Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on ABM Industries.
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 ABM Industries 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, ABM Industries' short interest history, or implied volatility extrapolated from ABM Industries options trading.

Pair Trading with ABM Industries

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

Moving together with ABM Industries

+0.79KBHKB Home Fiscal Year End 11th of January 2023 PairCorr
+0.68LENLennar Corp Fiscal Year End 21st of December 2022 PairCorr
+0.66TOLToll Brothers Fiscal Year End 6th of December 2022 PairCorr
The ability to find closely correlated positions to ABM Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABM Industries 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 ABM Industries - 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 ABM Industries to buy it.
The correlation of ABM Industries 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 ABM Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABM Industries 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 ABM Industries 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 ABM Industries Correlation, ABM Industries Volatility and ABM Industries Alpha and Beta module to complement your research on ABM Industries. Note that the ABM Industries information on this page should be used as a complementary analysis to other ABM Industries' 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for ABM Industries Stock analysis

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