Altus Power Etf Market Value
| AMPS Etf | USD 4.17 0.11 2.71% |
| Symbol | Altus |
The market value of Altus Power is measured differently than its book value, which is the value of Altus that is recorded on the company's balance sheet. Investors also form their own opinion of Altus Power's value that differs from its market value or its book value, called intrinsic value, which is Altus Power'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 Altus Power's market value can be influenced by many factors that don't directly affect Altus Power'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 Altus Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altus Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altus Power'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.
Altus Power '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 Altus Power's etf 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 Altus Power.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Altus Power on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Altus Power or generate 0.0% return on investment in Altus Power over 720 days. Altus Power is related to or competes with Ormat Technologies, Enlight Renewable, Fluence Energy, Renew Energy, Atlantica Sustainable, Energy Vault, and Clearway Energy. Altus Power, Inc., a clean electrification company, originates, develops, owns, and operates roof, ground, and carport-b... More
Altus Power 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 Altus Power's etf 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 Altus Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.11 | |||
| Information Ratio | 0.0872 | |||
| Maximum Drawdown | 37.65 | |||
| Value At Risk | (8.53) | |||
| Potential Upside | 9.97 |
Altus Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altus Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altus Power's standard deviation. In reality, there are many statistical measures that can use Altus Power historical prices to predict the future Altus Power's volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 0.5384 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1104 | |||
| Treynor Ratio | 0.5259 |
Altus Power Backtested Returns
Altus Power appears to be very risky, given 3 months investment horizon. Altus Power secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of risk over the last 3 months. By analyzing Altus Power's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please makes use of Altus Power's Downside Deviation of 5.11, mean deviation of 4.31, and Risk Adjusted Performance of 0.0882 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.26, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Altus Power will likely underperform.
Auto-correlation | 0.59 |
Modest predictability
Altus Power has modest predictability. Overlapping area represents the amount of predictability between Altus Power time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Altus Power price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Altus Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Altus Power lagged returns against current returns
Autocorrelation, which is Altus Power etf'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 Altus Power's etf expected returns. We can calculate the autocorrelation of Altus Power returns to help us make a trade decision. For example, suppose you find that Altus Power has exhibited high autocorrelation historically, and you observe that the etf 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 |
Altus Power 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 Altus Power etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altus Power etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altus Power etf over time.
Current vs Lagged Prices |
| Timeline |
Altus Power Lagged Returns
When evaluating Altus Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altus Power etf have on its future price. Altus Power 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, Altus Power autocorrelation shows the relationship between Altus Power etf current value and its past values and can show if there is a momentum factor associated with investing in Altus Power.
Regressed Prices |
| Timeline |
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Other Information on Investing in Altus Etf
Altus Power financial ratios help investors to determine whether Altus Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Altus with respect to the benefits of owning Altus Power security.