Array Technologies Stock Market Value
| ARRY Stock | USD 7.02 0.39 5.88% |
| Symbol | Array |
Array Technologies Price To Book Ratio
Is Electrical Components & Equipment 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 Array Technologies. If investors know Array 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 Array Technologies 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 (0.77) | Earnings Share (0.98) | Revenue Per Share 6.48 | Quarterly Revenue Growth (0.34) | Return On Assets 0.0389 |
The market value of Array Technologies is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array Technologies' value that differs from its market value or its book value, called intrinsic value, which is Array Technologies' 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 Array Technologies' market value can be influenced by many factors that don't directly affect Array Technologies' 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 Array Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Array Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array Technologies' 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.
Array Technologies '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 Array Technologies' 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 Array Technologies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Array Technologies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Array Technologies or generate 0.0% return on investment in Array Technologies over 30 days. Array Technologies is related to or competes with SolarEdge Technologies, Enphase Energy, Canadian Solar, Sunrun, First Solar, Sunnova Energy, and JinkoSolar Holding. Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and ... More
Array Technologies 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 Array Technologies' 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 Array Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.49 | |||
| Information Ratio | 0.0116 | |||
| Maximum Drawdown | 37.94 | |||
| Value At Risk | (6.01) | |||
| Potential Upside | 10.6 |
Array Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Array Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Array Technologies' standard deviation. In reality, there are many statistical measures that can use Array Technologies historical prices to predict the future Array Technologies' volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.2727 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0126 | |||
| Treynor Ratio | (0.26) |
Array Technologies Backtested Returns
Array Technologies appears to be slightly risky, given 3 months investment horizon. Array Technologies secures Sharpe Ratio (or Efficiency) of 0.0496, which signifies that the company had a 0.0496% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Array Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Array Technologies' Risk Adjusted Performance of 0.0342, downside deviation of 5.49, and Mean Deviation of 4.46 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Array Technologies holds a performance score of 3. The firm shows a Beta (market volatility) of -0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Array Technologies are expected to decrease at a much lower rate. During the bear market, Array Technologies is likely to outperform the market. Please check Array Technologies' value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether Array Technologies' price patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Array Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Array Technologies time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Array Technologies price movement. The serial correlation of -0.23 indicates that over 23.0% of current Array Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Array Technologies lagged returns against current returns
Autocorrelation, which is Array Technologies 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 Array Technologies' stock expected returns. We can calculate the autocorrelation of Array Technologies returns to help us make a trade decision. For example, suppose you find that Array Technologies 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 |
Array Technologies 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 Array Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Array Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Array Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Array Technologies Lagged Returns
When evaluating Array Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Array Technologies stock have on its future price. Array Technologies 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, Array Technologies autocorrelation shows the relationship between Array Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Array Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Array Stock Analysis
When running Array Technologies' price analysis, check to measure Array Technologies' 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 Array Technologies is operating at the current time. Most of Array Technologies' value examination focuses on studying past and present price action to predict the probability of Array Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array Technologies' price. Additionally, you may evaluate how the addition of Array Technologies to your portfolios can decrease your overall portfolio volatility.