Aflac Incorporated Stock Market Value
| AFL Stock | USD 84.54 0.93 1.11% |
| Symbol | Aflac |
Aflac Incorporated Price To Book Ratio
Is Aflac Incorporated'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 Aflac Incorporated. If investors know Aflac 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 Aflac Incorporated 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 0.435 | Dividend Share 1.68 | Earnings Share 7.78 | Revenue Per Share 31.368 | Quarterly Revenue Growth (0.04) |
The market value of Aflac Incorporated is measured differently than its book value, which is the value of Aflac that is recorded on the company's balance sheet. Investors also form their own opinion of Aflac Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Aflac Incorporated'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 Aflac Incorporated's market value can be influenced by many factors that don't directly affect Aflac Incorporated'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 Aflac Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aflac Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aflac Incorporated'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.
Aflac Incorporated '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 Aflac Incorporated'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 Aflac Incorporated.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Aflac Incorporated on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Aflac Incorporated or generate 0.0% return on investment in Aflac Incorporated over 30 days. Aflac Incorporated is related to or competes with Prudential Financial, Lincoln National, Brighthouse Financial, Unum, MetLife, Manulife Financial, and Primerica. Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products More
Aflac Incorporated 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 Aflac Incorporated'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 Aflac Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.59 |
Aflac Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aflac Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aflac Incorporated's standard deviation. In reality, there are many statistical measures that can use Aflac Incorporated historical prices to predict the future Aflac Incorporated's volatility.| Risk Adjusted Performance | 0.0058 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aflac Incorporated'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.
Aflac Incorporated Backtested Returns
We consider Aflac Incorporated very steady. Aflac Incorporated secures Sharpe Ratio (or Efficiency) of 0.0168, which signifies that the company had a 0.0168% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Aflac Incorporated, which you can use to evaluate the volatility of the firm. Please confirm Aflac Incorporated's Standard Deviation of 1.58, mean deviation of 0.8904, and Risk Adjusted Performance of 0.0058 to double-check if the risk estimate we provide is consistent with the expected return of 0.0269%. Aflac Incorporated has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aflac Incorporated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aflac Incorporated is expected to be smaller as well. Aflac Incorporated right now shows a risk of 1.6%. Please confirm Aflac Incorporated treynor ratio, accumulation distribution, period momentum indicator, as well as the relationship between the potential upside and day median price , to decide if Aflac Incorporated will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Aflac Incorporated has very good reverse predictability. Overlapping area represents the amount of predictability between Aflac Incorporated time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Aflac Incorporated price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Aflac Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 2.7 |
Aflac Incorporated lagged returns against current returns
Autocorrelation, which is Aflac Incorporated 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 Aflac Incorporated's stock expected returns. We can calculate the autocorrelation of Aflac Incorporated returns to help us make a trade decision. For example, suppose you find that Aflac Incorporated 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 |
Aflac Incorporated 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 Aflac Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aflac Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aflac Incorporated stock over time.
Current vs Lagged Prices |
| Timeline |
Aflac Incorporated Lagged Returns
When evaluating Aflac Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aflac Incorporated stock have on its future price. Aflac Incorporated 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, Aflac Incorporated autocorrelation shows the relationship between Aflac Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Aflac Incorporated.
Regressed Prices |
| Timeline |
Pair Trading with Aflac Incorporated
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 Aflac Incorporated 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 Aflac Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving against Aflac Stock
| 0.62 | CIA | Citizens | PairCorr |
| 0.46 | FLFG | Federal Life Group | PairCorr |
The ability to find closely correlated positions to Aflac Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aflac Incorporated 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 Aflac Incorporated - 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 Aflac Incorporated to buy it.
The correlation of Aflac Incorporated 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 Aflac Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aflac Incorporated 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 Aflac Incorporated 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 Aflac Incorporated Correlation, Aflac Incorporated Volatility and Aflac Incorporated Alpha and Beta module to complement your research on Aflac Incorporated. For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.Note that the Aflac Incorporated information on this page should be used as a complementary analysis to other Aflac Incorporated's 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 the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Aflac Stock analysis
When running Aflac Incorporated's price analysis, check to measure Aflac Incorporated'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 Aflac Incorporated is operating at the current time. Most of Aflac Incorporated's value examination focuses on studying past and present price action to predict the probability of Aflac Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aflac Incorporated's price. Additionally, you may evaluate how the addition of Aflac Incorporated to your portfolios can decrease your overall portfolio volatility.
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Aflac Incorporated 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.