Ameritrans Capital Corp Preferred Stock Market Value
| AMTPQ Preferred Stock | USD 0.01 0.00 0.00% |
| Symbol | Ameritrans |
Ameritrans Capital '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 Ameritrans Capital's pink sheet 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 Ameritrans Capital.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Ameritrans Capital on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Ameritrans Capital Corp or generate 0.0% return on investment in Ameritrans Capital over 720 days. Ameritrans Capital is related to or competes with LG Display, Warner Music, Academy Sports, Marine Products, Playstudios, and Nexstar Broadcasting. Ameritrans Capital Corporation, together with its subsidiaries, engages in lending and investment activities More
Ameritrans Capital 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 Ameritrans Capital's pink sheet 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 Ameritrans Capital Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 93.33 |
Ameritrans Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ameritrans Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ameritrans Capital's standard deviation. In reality, there are many statistical measures that can use Ameritrans Capital historical prices to predict the future Ameritrans Capital's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.22) | |||
| Total Risk Alpha | (2.66) | |||
| Treynor Ratio | 0.6428 |
Ameritrans Capital Corp Backtested Returns
Ameritrans Capital Corp secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of standard deviation over the last 3 months. Ameritrans Capital Corp exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ameritrans Capital's risk adjusted performance of (0.09), and Mean Deviation of 2.79 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.22, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ameritrans Capital are expected to decrease by larger amounts. On the other hand, during market turmoil, Ameritrans Capital is expected to outperform it. At this point, Ameritrans Capital Corp has a negative expected return of -1.46%. Please make sure to confirm Ameritrans Capital's market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to decide if Ameritrans Capital Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Ameritrans Capital Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Ameritrans Capital time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ameritrans Capital Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ameritrans Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ameritrans Capital Corp lagged returns against current returns
Autocorrelation, which is Ameritrans Capital pink sheet'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 Ameritrans Capital's pink sheet expected returns. We can calculate the autocorrelation of Ameritrans Capital returns to help us make a trade decision. For example, suppose you find that Ameritrans Capital has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Ameritrans Capital 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 Ameritrans Capital pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ameritrans Capital pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ameritrans Capital pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ameritrans Capital Lagged Returns
When evaluating Ameritrans Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ameritrans Capital pink sheet have on its future price. Ameritrans Capital 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, Ameritrans Capital autocorrelation shows the relationship between Ameritrans Capital pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ameritrans Capital Corp.
Regressed Prices |
| Timeline |
Pair Trading with Ameritrans Capital
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 Ameritrans Capital 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 Ameritrans Capital will appreciate offsetting losses from the drop in the long position's value.Moving against Ameritrans Pink Sheet
| 0.68 | ARES | Ares Management LP Earnings Call This Week | PairCorr |
| 0.63 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
| 0.47 | WMT | Walmart Aggressive Push | PairCorr |
| 0.46 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.39 | VLKPF | Volkswagen AG VZO | PairCorr |
The ability to find closely correlated positions to Ameritrans Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ameritrans Capital 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 Ameritrans Capital - 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 Ameritrans Capital Corp to buy it.
The correlation of Ameritrans Capital 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 Ameritrans Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ameritrans Capital Corp 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 Ameritrans Capital 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 Ameritrans Pink Sheet Analysis
When running Ameritrans Capital's price analysis, check to measure Ameritrans Capital'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 Ameritrans Capital is operating at the current time. Most of Ameritrans Capital's value examination focuses on studying past and present price action to predict the probability of Ameritrans Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ameritrans Capital's price. Additionally, you may evaluate how the addition of Ameritrans Capital to your portfolios can decrease your overall portfolio volatility.