After looking for stocks with higher betas, we can see that Ascena Retail Group, Inc. (NASDAQ:ASNA) has a current beta of 1.65. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market. Beta is a measurement of the stock price fluctuation, and may be used to gauge how fast the price may rise or fall. Beta compares the returns of company stock to return of the market as a whole. A beta of 1 would indicate that the stock price moves with the market. A beta below 1 might indicate that the stock is less volatile than the market. A beta above 1 indicates that the stock price is more volatile than the market in theory. Checking in on current price action, company shares had recently touched 4.58. From the session open, shares have moved 7.26%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity.
Scanning the equity markets, it is quite obvious that there are plenty of stocks to choose from. This may make things a bit overwhelming for the beginner investor, but it should also be seen as a great opportunity. Of course, studying up on every single stock may be nearly impossible. Just focusing in on a few different stocks at a time that pique the interest may be the way to start. Investors are often bombarded with stock picking strategies and sure bet winners. Some of the information might end up being correct, but a lot of it may turn out to be nonsense. If investors decide to manage their own money, they may want to make sure that no stone is left unturned. Doing the proper amount of research can work wonders for the health of a portfolio over the course of time. Following a proven market guru may work for some, but it may leave others with many questions that have gone unanswered. What works for one investor may not work for another.
After a recent check, Ascena Retail Group, Inc. (NASDAQ:ASNA) shares have been seen trading 8.15% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading 4.74% off of that mark. Looking at the 200-day moving average, shares have been trading 46.16% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock.
Investors may be closely monitoring historical stock price performance in order to examine what has been happening with company shares. Let’s take a look at some of the numbers for Ascena Retail Group, Inc. (NASDAQ:ASNA). Stock price performance for the past week is currently noted at 9.31%. If we look back to the beginning of the calendar year, shares have performed 94.89%. Looking back over the past full-year, shares have performed 126.73%. Over the past month, the stock has performed 5.53%. Over the last quarter, the stock has performed 39.63%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 7.95% for the week, and 8.30% for the past month.
Investors might be taking a closer look into the crystal ball to try and decipher what is in store for the second half of the year in the stock market. While cautious optimism may be the prevailing sentiment, many investors will be looking to take the portfolio to the next level. With markets still riding high, the big question is whether the momentum will push stocks higher or if the bears start to take over. There may still be a few undervalued stocks with much more upside potential ready to make big moves. Finding these stocks may involve doing a little more homework. Investors may be looking to take advantage of any little sell-off that might provide some bargain buying opportunities.
We are also noting that Ascena Retail Group, Inc. (NASDAQ:ASNA) was recently seen trading -13.34% away from the 50-day high and 26.52% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -13.34%, and the distance from the 52-week low is currently 171.01%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $3.50. The consensus recommendation provided by covering sell-side analysts is currently 3.40. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation.
Investors may be looking into the crystal ball trying to calculate where the equity market will be shifting as we move into the second half of the year. Investors may be hard pressed to find bargains with the markets still riding high. Sometimes, keeping it simple may be exactly what the doctor ordered when approaching the markets. Focusing on relevant data instead of information that breezes through may make a huge difference for the individual investor. Focusing on companies that have strong competitive advantages may help fight off unwelcome surprises that often come with uncertain economic landscapes. Focusing on the long-term might be right for some investors. Developing a good safety margin may also help keep the important investing factors in focus. Covering all the bases may help increase the odds of success when trading equities.