Manpowergroup Stock Market Value
| MAN Stock | USD 75.85 0.34 0.45% |
| Symbol | ManpowerGroup |
ManpowerGroup Price To Book Ratio
Is ManpowerGroup'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 ManpowerGroup. If investors know ManpowerGroup 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 ManpowerGroup 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 (0.46) | Dividend Share 2.94 | Earnings Share 1.06 | Revenue Per Share 377.731 | Quarterly Revenue Growth (0.07) |
The market value of ManpowerGroup is measured differently than its book value, which is the value of ManpowerGroup that is recorded on the company's balance sheet. Investors also form their own opinion of ManpowerGroup's value that differs from its market value or its book value, called intrinsic value, which is ManpowerGroup'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 ManpowerGroup's market value can be influenced by many factors that don't directly affect ManpowerGroup'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 ManpowerGroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if ManpowerGroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ManpowerGroup'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.
ManpowerGroup '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 ManpowerGroup'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 ManpowerGroup.
| 02/28/2024 |
| 04/28/2024 |
If you would invest 0.00 in ManpowerGroup on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding ManpowerGroup or generate 0.0% return on investment in ManpowerGroup over 60 days. ManpowerGroup is related to or competes with EVI Industries, LGL, Issuer Direct, and Electromed. ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the ... More
ManpowerGroup 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 ManpowerGroup'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 ManpowerGroup upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.83 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.06 |
ManpowerGroup Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ManpowerGroup's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ManpowerGroup's standard deviation. In reality, there are many statistical measures that can use ManpowerGroup historical prices to predict the future ManpowerGroup's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0017 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ManpowerGroup'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.
ManpowerGroup Backtested Returns
We consider ManpowerGroup very steady. ManpowerGroup has Sharpe Ratio of 4.0E-4, which conveys that the firm had a 4.0E-4% return per unit of risk over the last 3 months. We have found thirty technical indicators for ManpowerGroup, which you can use to evaluate the volatility of the firm. Please verify ManpowerGroup's Downside Deviation of 1.96, risk adjusted performance of 0.0111, and Mean Deviation of 1.22 to check out if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The company secures a Beta (Market Risk) of 1.67, which conveys 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, ManpowerGroup will likely underperform. ManpowerGroup right now secures a risk of 1.68%. Please verify ManpowerGroup treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if ManpowerGroup will be following its current price movements.
Auto-correlation | 0.36 |
Below average predictability
ManpowerGroup has below average predictability. Overlapping area represents the amount of predictability between ManpowerGroup time series from 28th of February 2024 to 29th of March 2024 and 29th of March 2024 to 28th 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 ManpowerGroup price movement. The serial correlation of 0.36 indicates that just about 36.0% of current ManpowerGroup price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 4.52 |
ManpowerGroup lagged returns against current returns
Autocorrelation, which is ManpowerGroup 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 ManpowerGroup's stock expected returns. We can calculate the autocorrelation of ManpowerGroup returns to help us make a trade decision. For example, suppose you find that ManpowerGroup 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 |
ManpowerGroup 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 ManpowerGroup stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ManpowerGroup stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ManpowerGroup stock over time.
Current vs Lagged Prices |
| Timeline |
ManpowerGroup Lagged Returns
When evaluating ManpowerGroup's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ManpowerGroup stock have on its future price. ManpowerGroup 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, ManpowerGroup autocorrelation shows the relationship between ManpowerGroup stock current value and its past values and can show if there is a momentum factor associated with investing in ManpowerGroup.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out ManpowerGroup Correlation, ManpowerGroup Volatility and ManpowerGroup Alpha and Beta module to complement your research on ManpowerGroup. To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.Note that the ManpowerGroup information on this page should be used as a complementary analysis to other ManpowerGroup'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for ManpowerGroup Stock analysis
When running ManpowerGroup's price analysis, check to measure ManpowerGroup'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 ManpowerGroup is operating at the current time. Most of ManpowerGroup's value examination focuses on studying past and present price action to predict the probability of ManpowerGroup's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ManpowerGroup's price. Additionally, you may evaluate how the addition of ManpowerGroup to your portfolios can decrease your overall portfolio volatility.
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ManpowerGroup 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.