Apogee Enterprises Stock Market Value
| APOG Stock | USD 82.77 0.66 0.80% |
| Symbol | Apogee |
Apogee Enterprises Price To Book Ratio
Is Building Products 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 Apogee Enterprises. If investors know Apogee 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 Apogee Enterprises 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 (0.08) | Dividend Share 0.99 | Earnings Share 4.74 | Revenue Per Share 62.921 | Quarterly Revenue Growth (0.03) |
The market value of Apogee Enterprises is measured differently than its book value, which is the value of Apogee that is recorded on the company's balance sheet. Investors also form their own opinion of Apogee Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Apogee Enterprises' 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 Apogee Enterprises' market value can be influenced by many factors that don't directly affect Apogee Enterprises' 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 Apogee Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Apogee Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apogee Enterprises' 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.
Apogee Enterprises '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 Apogee Enterprises' 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 Apogee Enterprises.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Apogee Enterprises on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Apogee Enterprises or generate 0.0% return on investment in Apogee Enterprises over 30 days. Apogee Enterprises is related to or competes with Quanex Building, Janus International, Interface, Azek, Beacon Roofing, Armstrong World, and Gibraltar Industries. Apogee Enterprises, Inc. designs and develops glass and metal products and services in the United States, Canada, and Br... More
Apogee Enterprises 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 Apogee Enterprises' 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 Apogee Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | 0.0917 | |||
| Maximum Drawdown | 28.75 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.73 |
Apogee Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apogee Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apogee Enterprises' standard deviation. In reality, there are many statistical measures that can use Apogee Enterprises historical prices to predict the future Apogee Enterprises' volatility.| Risk Adjusted Performance | 0.1021 | |||
| Jensen Alpha | 0.1917 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1675 | |||
| Treynor Ratio | 0.1851 |
Apogee Enterprises Backtested Returns
Apogee Enterprises appears to be very steady, given 3 months investment horizon. Apogee Enterprises secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Apogee Enterprises, which you can use to evaluate the volatility of the firm. Please makes use of Apogee Enterprises' Downside Deviation of 1.88, mean deviation of 1.9, and Risk Adjusted Performance of 0.1021 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Apogee Enterprises holds a performance score of 8. The firm shows a Beta (market volatility) of 2.24, 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, Apogee Enterprises will likely underperform. Please check Apogee Enterprises' sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Apogee Enterprises' price patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Apogee Enterprises has poor reverse predictability. Overlapping area represents the amount of predictability between Apogee Enterprises 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 Apogee Enterprises price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Apogee Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 3.73 |
Apogee Enterprises lagged returns against current returns
Autocorrelation, which is Apogee Enterprises 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 Apogee Enterprises' stock expected returns. We can calculate the autocorrelation of Apogee Enterprises returns to help us make a trade decision. For example, suppose you find that Apogee Enterprises 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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Apogee Enterprises 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 Apogee Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apogee Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apogee Enterprises stock over time.
Current vs Lagged Prices |
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Apogee Enterprises Lagged Returns
When evaluating Apogee Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apogee Enterprises stock have on its future price. Apogee Enterprises 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, Apogee Enterprises autocorrelation shows the relationship between Apogee Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in Apogee Enterprises.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Apogee Enterprises is a strong investment it is important to analyze Apogee Enterprises' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apogee Enterprises' future performance. For an informed investment choice regarding Apogee Stock, refer to the following important reports:Check out Apogee Enterprises Correlation, Apogee Enterprises Volatility and Apogee Enterprises Alpha and Beta module to complement your research on Apogee Enterprises. For more detail on how to invest in Apogee Stock please use our How to Invest in Apogee Enterprises guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Apogee Enterprises 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.