Accenture Plc Stock Market Value
| ACN Stock | USD 360.61 3.31 0.93% |
| Symbol | Accenture |
Accenture plc Price To Book Ratio
Is IT Consulting & Other Services 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 Accenture Plc. If investors know Accenture 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 Accenture Plc 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 0.236 | Dividend Share 5.35 | Earnings Share 11.43 | Revenue Per Share 103.363 | Quarterly Revenue Growth 0.026 |
The market value of Accenture plc is measured differently than its book value, which is the value of Accenture that is recorded on the company's balance sheet. Investors also form their own opinion of Accenture Plc's value that differs from its market value or its book value, called intrinsic value, which is Accenture Plc'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 Accenture Plc's market value can be influenced by many factors that don't directly affect Accenture Plc'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 Accenture Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accenture Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accenture Plc'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.
Accenture Plc '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 Accenture Plc'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 Accenture Plc.
| 10/14/2024 |
| 11/13/2024 |
If you would invest 0.00 in Accenture Plc on October 14, 2024 and sell it all today you would earn a total of 0.00 from holding Accenture plc or generate 0.0% return on investment in Accenture Plc over 30 days. Accenture Plc is related to or competes with Globant SA, Concentrix, Cognizant Technology, CDW Corp, Kyndryl Holdings, BigBearai Holdings, and Xerox Corp. Accenture plc, a professional services company, provides strategy and consulting, interactive, industry X, song, and tec... More
Accenture Plc 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 Accenture Plc'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 Accenture plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0403 | |||
| Maximum Drawdown | 10.1 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.71 |
Accenture Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accenture Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accenture Plc's standard deviation. In reality, there are many statistical measures that can use Accenture Plc historical prices to predict the future Accenture Plc's volatility.| Risk Adjusted Performance | 0.1271 | |||
| Jensen Alpha | 0.1011 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.036 | |||
| Treynor Ratio | 0.2986 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Accenture Plc'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.
Accenture plc Backtested Returns
As of now, Accenture Stock is very steady. Accenture plc secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Accenture plc, which you can use to evaluate the volatility of the firm. Please confirm Accenture Plc's risk adjusted performance of 0.1271, and Mean Deviation of 0.9466 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Accenture Plc has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Accenture Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Accenture Plc is expected to be smaller as well. Accenture plc right now shows a risk of 1.43%. Please confirm Accenture plc value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Accenture plc will be following its price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Accenture plc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Accenture Plc time series from 14th of October 2024 to 29th of October 2024 and 29th of October 2024 to 13th 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 Accenture plc price movement. The serial correlation of -0.74 indicates that around 74.0% of current Accenture Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 50.28 |
Accenture plc lagged returns against current returns
Autocorrelation, which is Accenture Plc 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 Accenture Plc's stock expected returns. We can calculate the autocorrelation of Accenture Plc returns to help us make a trade decision. For example, suppose you find that Accenture Plc 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 |
Accenture Plc 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 Accenture Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accenture Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accenture Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Accenture Plc Lagged Returns
When evaluating Accenture Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accenture Plc stock have on its future price. Accenture Plc 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, Accenture Plc autocorrelation shows the relationship between Accenture Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Accenture plc.
Regressed Prices |
| Timeline |
Pair Trading with Accenture Plc
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 Accenture Plc 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 Accenture Plc will appreciate offsetting losses from the drop in the long position's value.Moving together with Accenture Stock
Moving against Accenture Stock
The ability to find closely correlated positions to Accenture Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accenture Plc 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 Accenture Plc - 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 Accenture plc to buy it.
The correlation of Accenture Plc 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 Accenture Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accenture plc 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 Accenture Plc 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 Accenture Plc Correlation, Accenture Plc Volatility and Accenture Plc Alpha and Beta module to complement your research on Accenture Plc. To learn how to invest in Accenture Stock, please use our How to Invest in Accenture Plc guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Accenture Plc 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.