Atkore Price Earnings Ratio from 2010 to 2024
| ATKR Stock | USD 89.69 4.55 5.34% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 6.52119094 | Current Value 4.17 | Quarterly Volatility 12.7384051 |
Check Atkore International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Atkore International's main balance sheet or income statement drivers, such as Depreciation And Amortization of 81.8 M, Total Revenue of 2.4 B or Gross Profit of 700.7 M, as well as many indicators such as Price To Sales Ratio of 0.69, Dividend Yield of 0.009 or PTB Ratio of 1.9. Atkore financial statements analysis is a perfect complement when working with Atkore International Valuation or Volatility modules.
Atkore | Price Earnings Ratio |
Latest Atkore International's Price Earnings Ratio Growth Pattern
Below is the plot of the Price Earnings Ratio of Atkore International Group over the last few years. It is Atkore International's Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Atkore International's overall financial position and show how it may be relating to other accounts over time.
| Price Earnings Ratio | 10 Years Trend |
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Price Earnings Ratio |
| Timeline |
Atkore Price Earnings Ratio Regression Statistics
| Arithmetic Mean | 3.25 | |
| Geometric Mean | 10.23 | |
| Coefficient Of Variation | 392.31 | |
| Mean Deviation | 10.06 | |
| Median | 6.89 | |
| Standard Deviation | 12.74 | |
| Sample Variance | 162.27 | |
| Range | 36.2358 | |
| R-Value | 0.51 | |
| Mean Square Error | 129.97 | |
| R-Squared | 0.26 | |
| Significance | 0.05 | |
| Slope | 1.44 | |
| Total Sum of Squares | 2,272 |
Atkore Price Earnings Ratio History
About Atkore International Financial Statements
Atkore International shareholders use historical fundamental indicators, such as Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Atkore International investors may analyze each financial statement separately, they are all interrelated. The changes in Atkore International's assets and liabilities, for example, are also reflected in the revenues and expenses on on Atkore International's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price Earnings Ratio | 6.52 | 4.17 |
Pair Trading with Atkore International
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 Atkore International 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 Atkore International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Atkore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atkore International 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 Atkore International - 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 Atkore International Group to buy it.
The correlation of Atkore International 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 Atkore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atkore International 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 Atkore International 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.Additional Tools for Atkore Stock Analysis
When running Atkore International's price analysis, check to measure Atkore International'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 Atkore International is operating at the current time. Most of Atkore International's value examination focuses on studying past and present price action to predict the probability of Atkore International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atkore International's price. Additionally, you may evaluate how the addition of Atkore International to your portfolios can decrease your overall portfolio volatility.