The Value Composite 2 (VC2) is a ranking system that is determined by using the price to book value, price to sales, EBITDA to EV, price to cash flow, price to earnings and shareholder yield. The Value Composite Two of Andeavor Logistics LP (NYSE:ANDX) is 53. Similarly, the Value Composite One (VC1) is a method that investors use to understand a firm’s value. The VC1 is determined using the same metrics as VC2, but without taking into consideration shareholder yield. The VC1 of Andeavor Logistics LP (NYSE:ANDX) is 39. A firm with a value of 0 is thought to be an undervalued firm, while a firm with a value of 100 is considered an overvalued firm.
Stock market investing can periodically be a wild ride. High volatility stocks may seem to constantly going haywire. Finding a comfortable balance between stomach turning stocks and low volatility stable stocks may be the way to go. Building confidence in the stock portfolio may come with some trial and error for the individual investor. Many people will rely on others to actively manage their money, but there are always those who prefer to have a hand in every aspect of their uncomfortable earned cash. Staying on top of the markets may seem impossible periodically. There is always something happening, and keeping the pulse on market movements may be quite a struggle. Applying the proper amount of time to dedicate for stock homework might just be the difference between buying that next big winner or getting stuck with a big loser.
Shifting gears, we can see that Andeavor Logistics LP (NYSE:ANDX) has a Q.i. Value of 25.00000. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to assist identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the firm tends to be.
At the time of writing, Andeavor Logistics LP (NYSE:ANDX) has a Piotroski F-Score of 6. The F-Score may assist unveil companies with strengthening balance sheets. The score may also be used to discover the weak performers. Joseph Piotroski developed the F-Score which employs nine nonstandard variables based on the firm financial statement. A single point is assigned to each test that a stock passes. Typically, a stock scoring an 8 or 9 would be seen as strong. On the different end, a stock with a score from 0-2 would be viewed as weak.
Andeavor Logistics LP has an M-score Beneish of -1.739958. This M-score model was developed by Messod Beneish in order to unveil manipulation of financial statements. The score uses a combination of eight nonstandard variables. The specifics of the variables and formula can be found in the Beneish paper “The Detection of Earnings Manipulation”.
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Investors may be interested in considering the Gross Margin score on shares of Andeavor Logistics LP (NYSE:ANDX). The name at present has a score of 37.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.
Andeavor Logistics LP (NYSE:ANDX) has a current MF Rank of 7048. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to discover high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks. Andeavor Logistics LP has a current ERP5 Rank of 7646. The ERP5 Rank may help investors with spotting companies that are undervalued. This ranking uses four ratios. These ratios are Earnings Yield, ROIC, Price to Book, and 5 year average ROIC. When viewing at the ERP5 ranking, it is generally considered the lower the value, the better.
We can now take a quick peek at some historical equity price index data. Andeavor Logistics LP (NYSE:ANDX) at present has a 10 month price index of 0.75451. The price index is determined by dividing the current stock price by the stock price ten months ago. A ratio over one signals an accelerate in stock price over the duration. A ratio lower than one suggests that the price has decreased over that time duration. Looking at some different time periods, the 12 month price index is 0.86230, the 24 month is 0.88357, and the 36 month is 1.04451. Narrowing in a bit closer, the 5 month price index is 0.86604, the 3 month is 0.73365, and the 1 month is at present 0.84695.
Watching some historical volatility numbers on shares of Andeavor Logistics LP (NYSE:ANDX), we can see that the 12 month volatility is at present 31.444700. The 6 month volatility is 27.644600, and the 3 month is spotted at 33.368400. Following volatility data can assist quantify how much the equity price has fluctuated over the specified time duration. Although past volatility action may assist project future stock volatility, it may also be vastly nonstandard when taking into account different factors that may be driving price action during the measured time duration.
Investors may be trying to decide if stocks will make new highs before the year is out, and whether or not the bull market will celebrate its 9th anniversary next year. The tricky part is prognosticating the short term picture. Investors may not be comfortable enough to go all in, but they may not want to get bearish given the solid economic backdrop. Will there be a big breakout given the strength of earnings and economic growth? Will investors just become numb to the headlines and decide to focus on the positive economic picture? It is always intelligent to remember that the market can have a correction at any time for any reason. If the political landscape gets even more dysfunctional, then it may be enough of a driver to spur a correction.