Affiliated Managers Group Stock Market Value
| MGR Stock | USD 23.67 0.13 0.55% |
| Symbol | Affiliated |
Affiliated Managers Price To Book Ratio
Is Asset Management & Custody Banks 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 Affiliated Managers. If investors know Affiliated 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 Affiliated Managers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.2033 |
The market value of Affiliated Managers is measured differently than its book value, which is the value of Affiliated that is recorded on the company's balance sheet. Investors also form their own opinion of Affiliated Managers' value that differs from its market value or its book value, called intrinsic value, which is Affiliated Managers' 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 Affiliated Managers' market value can be influenced by many factors that don't directly affect Affiliated Managers' 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 Affiliated Managers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Affiliated Managers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Affiliated Managers' 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.
Affiliated Managers '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 Affiliated Managers' 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 Affiliated Managers.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Affiliated Managers on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Affiliated Managers Group or generate 0.0% return on investment in Affiliated Managers over 30 days. Affiliated Managers is related to or competes with DBA Sempra, CMS Energy, American Financial, National Rural, and Maiden Holdings. Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. More
Affiliated Managers 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 Affiliated Managers' 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 Affiliated Managers Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6456 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.85 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 0.9758 |
Affiliated Managers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Affiliated Managers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Affiliated Managers' standard deviation. In reality, there are many statistical measures that can use Affiliated Managers historical prices to predict the future Affiliated Managers' volatility.| Risk Adjusted Performance | 0.0242 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.089 |
Affiliated Managers Backtested Returns
Currently, Affiliated Managers Group is very steady. Affiliated Managers secures Sharpe Ratio (or Efficiency) of 0.0397, which signifies that the company had a 0.0397% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Affiliated Managers Group, which you can use to evaluate the volatility of the firm. Please confirm Affiliated Managers' mean deviation of 0.4534, and Risk Adjusted Performance of 0.0242 to double-check if the risk estimate we provide is consistent with the expected return of 0.0241%. Affiliated Managers has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Affiliated Managers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Affiliated Managers is expected to be smaller as well. Affiliated Managers right now shows a risk of 0.61%. Please confirm Affiliated Managers potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Affiliated Managers will be following its price patterns.
Auto-correlation | 0.48 |
Average predictability
Affiliated Managers Group has average predictability. Overlapping area represents the amount of predictability between Affiliated Managers time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Affiliated Managers price movement. The serial correlation of 0.48 indicates that about 48.0% of current Affiliated Managers price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Affiliated Managers lagged returns against current returns
Autocorrelation, which is Affiliated Managers 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 Affiliated Managers' stock expected returns. We can calculate the autocorrelation of Affiliated Managers returns to help us make a trade decision. For example, suppose you find that Affiliated Managers 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 |
Affiliated Managers 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 Affiliated Managers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Affiliated Managers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Affiliated Managers stock over time.
Current vs Lagged Prices |
| Timeline |
Affiliated Managers Lagged Returns
When evaluating Affiliated Managers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Affiliated Managers stock have on its future price. Affiliated Managers 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, Affiliated Managers autocorrelation shows the relationship between Affiliated Managers stock current value and its past values and can show if there is a momentum factor associated with investing in Affiliated Managers Group.
Regressed Prices |
| Timeline |
Pair Trading with Affiliated Managers
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 Affiliated Managers 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 Affiliated Managers will appreciate offsetting losses from the drop in the long position's value.Moving against Affiliated Stock
The ability to find closely correlated positions to Affiliated Managers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Affiliated Managers 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 Affiliated Managers - 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 Affiliated Managers Group to buy it.
The correlation of Affiliated Managers is a statistical measure of how it moves in relation to other instruments. 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 Affiliated Managers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affiliated Managers 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 Affiliated Managers 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.Additional Tools for Affiliated Stock Analysis
When running Affiliated Managers' price analysis, check to measure Affiliated Managers' 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 Affiliated Managers is operating at the current time. Most of Affiliated Managers' value examination focuses on studying past and present price action to predict the probability of Affiliated Managers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Affiliated Managers' price. Additionally, you may evaluate how the addition of Affiliated Managers to your portfolios can decrease your overall portfolio volatility.