Atec Inc Stock Market Value
| ATCN Stock | USD 21.55 0.45 2.05% |
| Symbol | Atec |
Atec '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 Atec'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 Atec.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Atec on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Atec Inc or generate 0.0% return on investment in Atec over 180 days. Atec is related to or competes with GEN Restaurant, Yum Brands, Cheesecake Factory, Doubledown Interactive, Shake Shack, Dennys Corp, and The9. Atec, Inc. designs, manufactures, constructs, procures, and maintains harsh environment solutions for lower to medium vo... More
Atec 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 Atec'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 Atec Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 2.62 |
Atec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atec's standard deviation. In reality, there are many statistical measures that can use Atec historical prices to predict the future Atec's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.0291 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 7.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atec'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.
Atec Inc Backtested Returns
As of now, Atec Pink Sheet is very steady. Atec Inc secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Atec Inc, which you can use to evaluate the volatility of the firm. Please confirm Atec's mean deviation of 0.0782, and Risk Adjusted Performance of 0.0804 to double-check if the risk estimate we provide is consistent with the expected return of 0.0409%. Atec has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0042, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Atec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atec is expected to be smaller as well. Atec Inc right now shows a risk of 0.33%. Please confirm Atec Inc maximum drawdown, and the relationship between the information ratio and rate of daily change , to decide if Atec Inc will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Atec Inc has no correlation between past and present. Overlapping area represents the amount of predictability between Atec time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Atec Inc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Atec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Atec Inc lagged returns against current returns
Autocorrelation, which is Atec 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 Atec's pink sheet expected returns. We can calculate the autocorrelation of Atec returns to help us make a trade decision. For example, suppose you find that Atec 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 |
Atec 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 Atec pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atec pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atec pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Atec Lagged Returns
When evaluating Atec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atec pink sheet have on its future price. Atec 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, Atec autocorrelation shows the relationship between Atec pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Atec Inc.
Regressed Prices |
| Timeline |
Pair Trading with Atec
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 Atec 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 Atec will appreciate offsetting losses from the drop in the long position's value.Moving against Atec Pink Sheet
| 0.87 | MULN | Mullen Automotive | PairCorr |
| 0.63 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.51 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.48 | HMTLF | Hitachi Metals | PairCorr |
| 0.4 | AHT | Ashford Hospitality Trust | PairCorr |
The ability to find closely correlated positions to Atec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atec 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 Atec - 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 Atec Inc to buy it.
The correlation of Atec 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 Atec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atec Inc 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 Atec 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.Other Information on Investing in Atec Pink Sheet
Atec financial ratios help investors to determine whether Atec Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Atec with respect to the benefits of owning Atec security.