AdvanSix Stock Market Value

ASIX
 Stock
  

USD 41.16  0.70  1.73%   

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


Is AdvanSix'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 AdvanSix. If investors know AdvanSix 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 AdvanSix 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
(0.77) 
Market Capitalization
1.1 B
Quarterly Revenue Growth YOY
0.072
Return On Assets
0.0974
Return On Equity
0.25
The market value of AdvanSix is measured differently than its book value, which is the value of AdvanSix that is recorded on the company's balance sheet. Investors also form their own opinion of AdvanSix's value that differs from its market value or its book value, called intrinsic value, which is AdvanSix'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 AdvanSix's market value can be influenced by many factors that don't directly affect AdvanSix'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 AdvanSix's value and its price as these two are different measures arrived at by different means. Investors typically determine AdvanSix value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AdvanSix'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.

AdvanSix '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 AdvanSix'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 AdvanSix.
0.00
12/11/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/01/2022
0.00
If you would invest  0.00  in AdvanSix on December 11, 2020 and sell it all today you would earn a total of 0.00 from holding AdvanSix or generate 0.0% return on investment in AdvanSix over 720 days. AdvanSix is related to or competes with ZIM Integrated, and Disney. AdvanSix Inc. manufactures and sells polymer resins in the United States and internationally More

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

AdvanSix Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for AdvanSix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AdvanSix's standard deviation. In reality, there are many statistical measures that can use AdvanSix historical prices to predict the future AdvanSix's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of AdvanSix'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 AdvanSix in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
38.8141.3843.95
Details
Intrinsic
Valuation
LowReal ValueHigh
37.0448.7051.27
Details
Naive
Forecast
LowNext ValueHigh
38.6341.2043.78
Details
3 Analysts
Consensus
LowTarget PriceHigh
58.0058.6760.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AdvanSix. Your research has to be compared to or analyzed against AdvanSix's peers to derive any actionable benefits. When done correctly, AdvanSix'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 AdvanSix.

AdvanSix Backtested Returns

AdvanSix appears to be very steady, given 3 months investment horizon. AdvanSix secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had 0.11% of return per unit of risk over the last 3 months. Our standpoint towards 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 AdvanSix, which you can use to evaluate the future volatility of the firm. Please makes use of AdvanSix's Downside Deviation of 2.2, mean deviation of 2.0, and Risk Adjusted Performance of 0.0763 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, AdvanSix holds a performance score of 8. The firm shows a Beta (market volatility) of 1.5959, which signifies a somewhat significant risk relative to the market. Let's try to break down what AdvanSix's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AdvanSix will likely underperform. Although it is vital to follow AdvanSix historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards 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 AdvanSix technical indicators, you can presently evaluate if the expected return of 0.29% will be sustainable into the future. Please makes use of AdvanSix potential upside, as well as the relationship between the accumulation distribution and price action indicator to make a quick decision on whether AdvanSix price patterns will revert.

Auto-correlation

    
  -0.53  

Good reverse predictability

AdvanSix has good reverse predictability. Overlapping area represents the amount of predictability between AdvanSix time series from 11th of December 2020 to 6th of December 2021 and 6th of December 2021 to 1st of December 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 AdvanSix price movement. The serial correlation of -0.53 indicates that about 53.0% of current AdvanSix price fluctuation can be explain by its past prices.
Correlation Coefficient-0.53
Spearman Rank Test-0.55
Residual Average0.0
Price Variance34.1

AdvanSix lagged returns against current returns

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

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

AdvanSix Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in AdvanSix without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with AdvanSix

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

Moving together with AdvanSix

+0.9JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to AdvanSix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AdvanSix 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 AdvanSix - 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 AdvanSix to buy it.
The correlation of AdvanSix 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 AdvanSix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AdvanSix 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 AdvanSix 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 AdvanSix Correlation, AdvanSix Volatility and AdvanSix Alpha and Beta module to complement your research on AdvanSix. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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