Ampco Pittsburgh Stock Market Value
| AP Stock | USD 1.73 0.02 1.14% |
| Symbol | Ampco |
Ampco Pittsburgh Price To Book Ratio
Is Metals & Mining 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 Ampco Pittsburgh. If investors know Ampco 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 Ampco Pittsburgh listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4 | Earnings Share (2.27) | Revenue Per Share 21.836 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0126 |
The market value of Ampco Pittsburgh is measured differently than its book value, which is the value of Ampco that is recorded on the company's balance sheet. Investors also form their own opinion of Ampco Pittsburgh's value that differs from its market value or its book value, called intrinsic value, which is Ampco Pittsburgh'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 Ampco Pittsburgh's market value can be influenced by many factors that don't directly affect Ampco Pittsburgh'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 Ampco Pittsburgh's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ampco Pittsburgh is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ampco Pittsburgh'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.
Ampco Pittsburgh '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 Ampco Pittsburgh'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 Ampco Pittsburgh.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Ampco Pittsburgh on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Ampco Pittsburgh or generate 0.0% return on investment in Ampco Pittsburgh over 540 days. Ampco Pittsburgh is related to or competes with Northwest Pipe, Insteel Industries, Carpenter Technology, ESAB Corp, Gulf Island, Haynes International, and CompoSecure. Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal product... More
Ampco Pittsburgh 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 Ampco Pittsburgh'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 Ampco Pittsburgh upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 19.21 | |||
| Value At Risk | (7.07) | |||
| Potential Upside | 7.22 |
Ampco Pittsburgh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ampco Pittsburgh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ampco Pittsburgh's standard deviation. In reality, there are many statistical measures that can use Ampco Pittsburgh historical prices to predict the future Ampco Pittsburgh's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.04) |
Ampco Pittsburgh Backtested Returns
Ampco Pittsburgh secures Sharpe Ratio (or Efficiency) of -0.0325, which signifies that the company had a -0.0325% return per unit of risk over the last 3 months. Ampco Pittsburgh exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ampco Pittsburgh's Risk Adjusted Performance of (0.01), standard deviation of 4.12, and Mean Deviation of 3.19 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.1, 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, Ampco Pittsburgh will likely underperform. At this point, Ampco Pittsburgh has a negative expected return of -0.13%. Please make sure to confirm Ampco Pittsburgh's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Ampco Pittsburgh performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Ampco Pittsburgh has below average predictability. Overlapping area represents the amount of predictability between Ampco Pittsburgh time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Ampco Pittsburgh price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Ampco Pittsburgh price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Ampco Pittsburgh lagged returns against current returns
Autocorrelation, which is Ampco Pittsburgh 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 Ampco Pittsburgh's stock expected returns. We can calculate the autocorrelation of Ampco Pittsburgh returns to help us make a trade decision. For example, suppose you find that Ampco Pittsburgh 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 |
Ampco Pittsburgh 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 Ampco Pittsburgh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ampco Pittsburgh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ampco Pittsburgh stock over time.
Current vs Lagged Prices |
| Timeline |
Ampco Pittsburgh Lagged Returns
When evaluating Ampco Pittsburgh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ampco Pittsburgh stock have on its future price. Ampco Pittsburgh 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, Ampco Pittsburgh autocorrelation shows the relationship between Ampco Pittsburgh stock current value and its past values and can show if there is a momentum factor associated with investing in Ampco Pittsburgh.
Regressed Prices |
| Timeline |
Pair Trading with Ampco Pittsburgh
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 Ampco Pittsburgh 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 Ampco Pittsburgh will appreciate offsetting losses from the drop in the long position's value.Moving against Ampco Stock
| 0.65 | HAYN | Haynes International | PairCorr |
| 0.37 | RYI | Ryerson Holding Corp | PairCorr |
| 0.35 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.35 | NWPX | Northwest Pipe | PairCorr |
| 0.34 | MLI | Mueller Industries | PairCorr |
The ability to find closely correlated positions to Ampco Pittsburgh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ampco Pittsburgh 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 Ampco Pittsburgh - 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 Ampco Pittsburgh to buy it.
The correlation of Ampco Pittsburgh 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 Ampco Pittsburgh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ampco Pittsburgh 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 Ampco Pittsburgh 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 Ampco Stock Analysis
When running Ampco Pittsburgh's price analysis, check to measure Ampco Pittsburgh'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 Ampco Pittsburgh is operating at the current time. Most of Ampco Pittsburgh's value examination focuses on studying past and present price action to predict the probability of Ampco Pittsburgh's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ampco Pittsburgh's price. Additionally, you may evaluate how the addition of Ampco Pittsburgh to your portfolios can decrease your overall portfolio volatility.