Advansix Stock Market Value
| ASIX Stock | USD 32.47 0.85 2.69% |
| Symbol | AdvanSix |
AdvanSix Price To Book Ratio
Is Commodity Chemicals space 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 0.233 | Dividend Share 0.64 | Earnings Share 1.44 | Revenue Per Share 58.491 | Return On Assets 0.0264 |
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 if AdvanSix is a good investment 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.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in AdvanSix on December 7, 2023 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 360 days. AdvanSix is related to or competes with Methanex, Lsb Industries, Green Plains, Tronox Holdings, Valhi, Westlake Chemical, and Huntsman. 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.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.0098 | |||
| Maximum Drawdown | 9.7 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 3.06 |
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.| Risk Adjusted Performance | 0.0653 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0111 | |||
| Treynor Ratio | 0.0822 |
AdvanSix Backtested Returns
AdvanSix appears to be very steady, given 3 months investment horizon. AdvanSix secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AdvanSix, which you can use to evaluate the volatility of the firm. Please makes use of AdvanSix's Mean Deviation of 1.55, risk adjusted performance of 0.0653, and Downside Deviation of 1.8 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 10. The firm shows a Beta (market volatility) of 1.8, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AdvanSix will likely underperform. Please check AdvanSix's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether AdvanSix's price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
AdvanSix has modest reverse predictability. Overlapping area represents the amount of predictability between AdvanSix time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. 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 -0.42 indicates that just about 42.0% of current AdvanSix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 8.87 |
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 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 price movement to match the lagging time series.
Current and Lagged Values |
| 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 |
| 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 |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for AdvanSix Stock Analysis
When running AdvanSix's 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 the 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.