Atmos Energy Stock Forecast - Maximum Drawdown
| ATO Stock | USD 151.32 0.11 0.07% |
Atmos Stock Forecast is based on your current time horizon. Although Atmos Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Atmos Energy's systematic risk associated with finding meaningful patterns of Atmos Energy fundamentals over time.
Atmos |
| Check Atmos Energy Volatility | Backtest Atmos Energy | Information Ratio |
Atmos Energy Trading Date Momentum
| On November 29 2024 Atmos Energy was traded for 151.32 at the closing time. Highest Atmos Energy's price during the trading hours was 151.73 and the lowest price during the day was 150.79 . The net volume was 367.2 K. The overall trading history on the 29th of November did not affect price variability. The overall trading delta to current price is 0.27% . |
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Other Forecasting Options for Atmos Energy
For every potential investor in Atmos, whether a beginner or expert, Atmos Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Atmos Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Atmos. Basic forecasting techniques help filter out the noise by identifying Atmos Energy's price trends.Atmos Energy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Atmos Energy stock to make a market-neutral strategy. Peer analysis of Atmos Energy could also be used in its relative valuation, which is a method of valuing Atmos Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Atmos Energy Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Atmos Energy's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Atmos Energy's current price.| Cycle Indicators | ||
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Atmos Energy Market Strength Events
Market strength indicators help investors to evaluate how Atmos Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Atmos Energy shares will generate the highest return on investment. By undertsting and applying Atmos Energy stock market strength indicators, traders can identify Atmos Energy entry and exit signals to maximize returns.
| Accumulation Distribution | 2275.09 | |||
| Daily Balance Of Power | (0.12) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 151.26 | |||
| Day Typical Price | 151.28 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | (0.11) |
Atmos Energy Risk Indicators
The analysis of Atmos Energy's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Atmos Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting atmos stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.6575 | |||
| Semi Deviation | 0.31 | |||
| Standard Deviation | 0.8495 | |||
| Variance | 0.7216 | |||
| Downside Variance | 0.5009 | |||
| Semi Variance | 0.0961 | |||
| Expected Short fall | (0.78) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Atmos Energy
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 Atmos Energy 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 Atmos Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Atmos Stock
Moving against Atmos Stock
| 0.58 | ES | Eversource Energy | PairCorr |
| 0.54 | NFE | New Fortress Energy | PairCorr |
| 0.5 | FE | FirstEnergy Sell-off Trend | PairCorr |
| 0.31 | HE | Hawaiian Electric | PairCorr |
The ability to find closely correlated positions to Atmos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atmos Energy 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 Atmos Energy - 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 Atmos Energy to buy it.
The correlation of Atmos Energy 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 Atmos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmos Energy 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 Atmos Energy 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 Historical Fundamental Analysis of Atmos Energy to cross-verify your projections. To learn how to invest in Atmos Stock, please use our How to Invest in Atmos Energy guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Is Gas Utilities 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 Atmos Energy. If investors know Atmos 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 Atmos Energy 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 0.148 | Earnings Share 6.83 | Revenue Per Share 27.161 | Quarterly Revenue Growth 0.059 | Return On Assets 0.0358 |
The market value of Atmos Energy is measured differently than its book value, which is the value of Atmos that is recorded on the company's balance sheet. Investors also form their own opinion of Atmos Energy's value that differs from its market value or its book value, called intrinsic value, which is Atmos Energy'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 Atmos Energy's market value can be influenced by many factors that don't directly affect Atmos Energy'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 Atmos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atmos Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmos Energy'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.