Arthur J Gallagher Stock Market Value
| AJG Stock | USD 236.57 2.58 1.10% |
| Symbol | Arthur |
Arthur J Gallagher Price To Book Ratio
Is Arthur J'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 Arthur J. If investors know Arthur 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 Arthur J 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 0.076 | Dividend Share 2.2 | Earnings Share 4.42 | Revenue Per Share 44.482 | Quarterly Revenue Growth 0.18 |
The market value of Arthur J Gallagher is measured differently than its book value, which is the value of Arthur that is recorded on the company's balance sheet. Investors also form their own opinion of Arthur J's value that differs from its market value or its book value, called intrinsic value, which is Arthur J'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 Arthur J's market value can be influenced by many factors that don't directly affect Arthur J'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 Arthur J's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arthur J is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arthur J'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.
Arthur J '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 Arthur J'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 Arthur J.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Arthur J on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Arthur J Gallagher or generate 0.0% return on investment in Arthur J over 270 days. Arthur J is related to or competes with Willis Towers, Erie Indemnity, CorVel Corp, Huize HoldingLtd, and Crawford. Gallagher Co., together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, ... More
Arthur J 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 Arthur J'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 Arthur J Gallagher upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 1.51 |
Arthur J Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arthur J's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arthur J's standard deviation. In reality, there are many statistical measures that can use Arthur J historical prices to predict the future Arthur J's volatility.| Risk Adjusted Performance | 0.0073 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Arthur J'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.
Arthur J Gallagher Backtested Returns
Arthur J Gallagher secures Sharpe Ratio (or Efficiency) of -0.0086, which signifies that the company had a -0.0086% return per unit of risk over the last 3 months. Arthur J Gallagher exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arthur J's Downside Deviation of 1.06, mean deviation of 0.7581, and Risk Adjusted Performance of 0.0073 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Arthur J's returns are expected to increase less than the market. However, during the bear market, the loss of holding Arthur J is expected to be smaller as well. Arthur J Gallagher has an expected return of -0.0083%. Please make sure to confirm Arthur J Gallagher expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Arthur J Gallagher performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Arthur J Gallagher has average predictability. Overlapping area represents the amount of predictability between Arthur J time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd of April 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 Arthur J Gallagher price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Arthur J price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 89.37 |
Arthur J Gallagher lagged returns against current returns
Autocorrelation, which is Arthur J 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 Arthur J's stock expected returns. We can calculate the autocorrelation of Arthur J returns to help us make a trade decision. For example, suppose you find that Arthur J 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 |
Arthur J 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 Arthur J stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arthur J stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arthur J stock over time.
Current vs Lagged Prices |
| Timeline |
Arthur J Lagged Returns
When evaluating Arthur J's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arthur J stock have on its future price. Arthur J 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, Arthur J autocorrelation shows the relationship between Arthur J stock current value and its past values and can show if there is a momentum factor associated with investing in Arthur J Gallagher.
Regressed Prices |
| Timeline |
Pair Trading with Arthur J
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 Arthur J 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 Arthur J will appreciate offsetting losses from the drop in the long position's value.Moving together with Arthur Stock
| 0.76 | ERIE | Erie Indemnity Earnings Call This Week | PairCorr |
| 0.79 | AON | Aon PLC Earnings Call This Week | PairCorr |
Moving against Arthur Stock
| 0.67 | ALIZY | Allianz SE ADR | PairCorr |
| 0.43 | DHIL | Diamond Hill Investment | PairCorr |
The ability to find closely correlated positions to Arthur J could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arthur J 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 Arthur J - 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 Arthur J Gallagher to buy it.
The correlation of Arthur J 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 Arthur J moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arthur J Gallagher 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 Arthur J 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.Check out Arthur J Correlation, Arthur J Volatility and Arthur J Alpha and Beta module to complement your research on Arthur J. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Arthur Stock analysis
When running Arthur J's price analysis, check to measure Arthur J'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 Arthur J is operating at the current time. Most of Arthur J's value examination focuses on studying past and present price action to predict the probability of Arthur J's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arthur J's price. Additionally, you may evaluate how the addition of Arthur J to your portfolios can decrease your overall portfolio volatility.
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Arthur J 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.