Academy Stock Market Value

ASO
 Stock
  

USD 38.30  0.33  0.85%   

Academy Sports' market value is the price at which a share of Academy Sports stock trades on a public exchange. It measures the collective expectations of Academy Sports And investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Academy Sports And and determine expected loss or profit from investing in Academy Sports over a given investment horizon. Please continue to Academy Sports Hype Analysis, Academy Sports Correlation, Academy Sports Valuation, Academy Sports Volatility, as well as analyze Academy Sports Alpha and Beta and Academy Sports Performance.
Symbol
Backtest


Is Academy Sports' 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 Academy Sports. If investors know Academy 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 Academy Sports 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
-0.082
Market Capitalization
3.3 B
Quarterly Revenue Growth YOY
-0.071
Return On Assets
0.12
Return On Equity
0.45
The market value of Academy Sports And is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine Academy Sports value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.

Academy Sports '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 Academy Sports' 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 Academy Sports.
0.00
04/28/2022
No Change 0.00  0.0 
In 2 months and 2 days
06/27/2022
0.00
If you would invest  0.00  in Academy Sports on April 28, 2022 and sell it all today you would earn a total of 0.00 from holding Academy Sports And or generate 0.0% return on investment in Academy Sports over 60 days. Academy Sports is related to or competes with Dupont Denemours. Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational produ...More

Academy Sports 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 Academy Sports' 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 Academy Sports And upside and downside potential and time the market with a certain degree of confidence.

Academy Sports Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Academy Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Academy Sports' standard deviation. In reality, there are many statistical measures that can use Academy Sports historical prices to predict the future Academy Sports' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Academy Sports' 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 Academy Sports in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
34.2238.3242.42
Details
Intrinsic
Valuation
LowReal ValueHigh
34.4746.4150.51
Details
Naive
Forecast
LowNext ValueHigh
31.5935.6939.79
Details
8 Analysts
Consensus
LowTarget PriceHigh
45.0056.2568.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Academy Sports. Your research has to be compared to or analyzed against Academy Sports' peers to derive any actionable benefits. When done correctly, Academy Sports' 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 Academy Sports And.

Academy Sports And Backtested Returns

We consider Academy Sports very steady. Academy Sports And secures Sharpe Ratio (or Efficiency) of 0.0124, which signifies that the company had 0.0124% 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-eight technical indicators for Academy Sports And, which you can use to evaluate the future volatility of the firm. Please confirm Academy Sports And mean deviation of 3.07, and Risk Adjusted Performance of 0.0424 to double-check if the risk estimate we provide is consistent with the expected return of 0.0509%.
The firm shows a Beta (market volatility) of 1.9782, which signifies a somewhat significant risk relative to the market. Let's try to break down what Academy'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, Academy Sports will likely underperform. Although it is important to respect Academy Sports And 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 Academy Sports And technical indicators, you can presently evaluate if the expected return of 0.0509% will be sustainable into the future. Academy Sports And right now shows a risk of 4.1%. Please confirm Academy Sports And 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 Academy Sports And will be following its price patterns.

Auto-correlation

    
  -0.39  

Poor reverse predictability

Academy Sports And has poor reverse predictability. Overlapping area represents the amount of predictability between Academy Sports time series from 28th of April 2022 to 28th of May 2022 and 28th of May 2022 to 27th of June 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 Academy Sports And price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Academy Sports price fluctuation can be explain by its past prices.
Correlation Coefficient-0.39
Spearman Rank Test-0.17
Residual Average0.0
Price Variance3.27

Academy Sports And lagged returns against current returns

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

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

Academy Sports Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Academy Sports without increasing your portfolio risk or giving up 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 Academy Sports

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

Academy Sports Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports 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 Academy Sports - 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 Academy Sports And to buy it.
The correlation of Academy Sports 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 Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports And 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 Academy Sports 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 Academy Sports Hype Analysis, Academy Sports Correlation, Academy Sports Valuation, Academy Sports Volatility, as well as analyze Academy Sports Alpha and Beta and Academy Sports Performance. Note that the Academy Sports And information on this page should be used as a complementary analysis to other Academy Sports' 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for Academy Stock analysis

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