American Well Corp Stock Market Value
| AMWL Stock | USD 8.10 0.09 1.12% |
| Symbol | American |
American Well Corp Price To Book Ratio
Is Health Care Equipment & Supplies 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 American Well. If investors know American 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 American Well listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (14.45) | Revenue Per Share 17.223 | Quarterly Revenue Growth (0.01) | Return On Assets (0.25) | Return On Equity (0.50) |
The market value of American Well Corp is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Well's value that differs from its market value or its book value, called intrinsic value, which is American Well'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 American Well's market value can be influenced by many factors that don't directly affect American Well'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 American Well's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Well is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Well'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.
American Well '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 American Well'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 American Well.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in American Well on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding American Well Corp or generate 0.0% return on investment in American Well over 30 days. American Well is related to or competes with Doximity, Certara, Teladoc, Definitive Healthcare, Schrodinger, Veeva Systems, and GE HealthCare. American Well Corporation operates as a telehealth software company that enables digital delivery of care for healthcare More
American Well 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 American Well'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 American Well Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.59 | |||
| Value At Risk | (5.90) | |||
| Potential Upside | 5.91 |
American Well Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Well's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Well's standard deviation. In reality, there are many statistical measures that can use American Well historical prices to predict the future American Well's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Well'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.
American Well Corp Backtested Returns
American Well Corp secures Sharpe Ratio (or Efficiency) of -0.0279, which signifies that the company had a -0.0279% return per unit of standard deviation over the last 3 months. American Well Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Well's mean deviation of 2.56, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.71, 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, American Well will likely underperform. At this point, American Well Corp has a negative expected return of -0.0918%. Please make sure to confirm American Well's jensen alpha, as well as the relationship between the skewness and day median price , to decide if American Well Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
American Well Corp has very good predictability. Overlapping area represents the amount of predictability between American Well time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 American Well Corp price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current American Well price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
American Well Corp lagged returns against current returns
Autocorrelation, which is American Well 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 American Well's stock expected returns. We can calculate the autocorrelation of American Well returns to help us make a trade decision. For example, suppose you find that American Well 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 |
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American Well 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 American Well stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Well stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Well stock over time.
Current vs Lagged Prices |
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American Well Lagged Returns
When evaluating American Well's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Well stock have on its future price. American Well 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, American Well autocorrelation shows the relationship between American Well stock current value and its past values and can show if there is a momentum factor associated with investing in American Well Corp.
Regressed Prices |
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American Well technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.