Atco Stock Market Value

ACO-Y Stock  CAD 50.00  1.00  1.96%   
ATCO's market value is the price at which a share of ATCO trades on a public exchange. It measures the collective expectations of ATCO investors about its performance. ATCO is selling for under 50.00 as of the 27th of November 2024; that is 1.96% down since the beginning of the trading day. The stock's last reported lowest price was 50.0.
With this module, you can estimate the performance of a buy and hold strategy of ATCO and determine expected loss or profit from investing in ATCO over a given investment horizon. Check out ATCO Correlation, ATCO Volatility and ATCO Alpha and Beta module to complement your research on ATCO.
Symbol

ATCO Price To Book Ratio

Please note, there is a significant difference between ATCO's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATCO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATCO'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.

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.
0.00
10/28/2024
No Change 0.00  0.0 
In 30 days
11/27/2024
0.00
If you would invest  0.00  in ATCO on October 28, 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 30 days. ATCO is related to or competes with Postmedia Network, Thunderbird Entertainment, Data Communications, and Cogeco Communications. ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses... 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
48.5950.0951.59
Details
Intrinsic
Valuation
LowRealHigh
49.7051.2052.70
Details

ATCO Backtested Returns

Currently, ATCO is very steady. ATCO retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for ATCO, which you can use to evaluate the volatility of the firm. Please confirm ATCO's variance of 2.2, and Market Risk Adjusted Performance of 1.26 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. ATCO has a performance score of 9 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.16, 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 1.5%. Please confirm ATCO total risk alpha, and the relationship between the standard deviation and kurtosis , to decide if ATCO will be following its current price history.

Auto-correlation

    
  -0.64  

Very good reverse predictability

ATCO has very good reverse predictability. Overlapping area represents the amount of predictability between ATCO time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 -0.64 indicates that roughly 64.0% of current ATCO price fluctuation can be explain by its past prices.
Correlation Coefficient-0.64
Spearman Rank Test-0.55
Residual Average0.0
Price Variance0.44

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

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  0.71UPS UPS CDRPairCorr

Moving against ATCO Stock

  0.36UNH UnitedHealth Group CDRPairCorr
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.
Pair CorrelationCorrelation Matching

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.