Atco Stock Market Value
| ACO-X Stock | CAD 49.14 0.33 0.68% |
| Symbol | ATCO |
ATCO Price To Book Ratio
ATCO '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 ATCO'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 ATCO.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in ATCO on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding ATCO or generate 0.0% return on investment in ATCO over 180 days. ATCO is related to or competes with Caldwell Partners, Chesswood Group, IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. ATCO Ltd., together with its subsidiaries, provides housing, logistics and transportation, agriculture, water, real esta... More
ATCO 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 ATCO'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 ATCO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9109 | |||
| Information Ratio | 0.0156 | |||
| Maximum Drawdown | 4.75 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.83 |
ATCO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATCO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATCO's standard deviation. In reality, there are many statistical measures that can use ATCO historical prices to predict the future ATCO's volatility.| Risk Adjusted Performance | 0.12 | |||
| Jensen Alpha | 0.1156 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0154 | |||
| Treynor Ratio | 1.08 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ATCO'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.
ATCO Backtested Returns
Currently, ATCO is very steady. ATCO retains Efficiency (Sharpe Ratio) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ATCO, which you can use to evaluate the volatility of the firm. Please confirm ATCO's coefficient of variation of 646.86, and Market Risk Adjusted Performance of 1.09 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. ATCO has a performance score of 10 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ATCO's returns are expected to increase less than the market. However, during the bear market, the loss of holding ATCO is expected to be smaller as well. ATCO now owns a risk of 0.92%. Please confirm ATCO value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if ATCO will be following its current price history.
Auto-correlation | 0.44 |
Average predictability
ATCO has average predictability. Overlapping area represents the amount of predictability between ATCO time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 ATCO price movement. The serial correlation of 0.44 indicates that just about 44.0% of current ATCO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 1.58 |
ATCO lagged returns against current returns
Autocorrelation, which is ATCO 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 ATCO's stock expected returns. We can calculate the autocorrelation of ATCO returns to help us make a trade decision. For example, suppose you find that ATCO 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 |
ATCO 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 ATCO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATCO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATCO stock over time.
Current vs Lagged Prices |
| Timeline |
ATCO Lagged Returns
When evaluating ATCO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATCO stock have on its future price. ATCO 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, ATCO autocorrelation shows the relationship between ATCO stock current value and its past values and can show if there is a momentum factor associated with investing in ATCO.
Regressed Prices |
| Timeline |
Pair Trading with ATCO
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 ATCO 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 ATCO will appreciate offsetting losses from the drop in the long position's value.Moving together with ATCO Stock
Moving against ATCO Stock
The ability to find closely correlated positions to ATCO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATCO 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 ATCO - 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 ATCO to buy it.
The correlation of ATCO 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 ATCO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATCO 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 ATCO 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 ATCO Stock Analysis
When running ATCO's price analysis, check to measure ATCO'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 ATCO is operating at the current time. Most of ATCO's value examination focuses on studying past and present price action to predict the probability of ATCO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATCO's price. Additionally, you may evaluate how the addition of ATCO to your portfolios can decrease your overall portfolio volatility.