Atlas Corp Preferred Stock Market Value
| ATCO-PH Preferred Stock | USD 24.97 0.19 0.77% |
| Symbol | Atlas |
Atlas Corp '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 Atlas Corp's preferred 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 Atlas Corp.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Atlas Corp on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Atlas Corp or generate 0.0% return on investment in Atlas Corp over 360 days. Atlas Corp is related to or competes with Atlas Corp, Costamare, Costamare, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships More
Atlas Corp 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 Atlas Corp's preferred 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 Atlas Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4808 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.28 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.7667 |
Atlas Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Corp's standard deviation. In reality, there are many statistical measures that can use Atlas Corp historical prices to predict the future Atlas Corp's volatility.| Risk Adjusted Performance | 0.0951 | |||
| Jensen Alpha | 0.0462 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (13.10) |
Atlas Corp Backtested Returns
Atlas Corp is very steady at the moment. Atlas Corp 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 Atlas Corp, which you can use to evaluate the volatility of the firm. Please confirm Atlas Corp's Mean Deviation of 0.2931, risk adjusted performance of 0.0951, and Downside Deviation of 0.4808 to double-check if the risk estimate we provide is consistent with the expected return of 0.0426%. Atlas Corp has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0035, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atlas Corp are expected to decrease at a much lower rate. During the bear market, Atlas Corp is likely to outperform the market. Atlas Corp right now shows a risk of 0.4%. Please confirm Atlas Corp jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Atlas Corp will be following its price patterns.
Auto-correlation | 0.82 |
Very good predictability
Atlas Corp has very good predictability. Overlapping area represents the amount of predictability between Atlas Corp time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Atlas Corp price movement. The serial correlation of 0.82 indicates that around 82.0% of current Atlas Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Atlas Corp lagged returns against current returns
Autocorrelation, which is Atlas Corp preferred 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 Atlas Corp's preferred stock expected returns. We can calculate the autocorrelation of Atlas Corp returns to help us make a trade decision. For example, suppose you find that Atlas Corp has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Atlas Corp 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 Atlas Corp preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Corp preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Corp preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Corp Lagged Returns
When evaluating Atlas Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Corp preferred stock have on its future price. Atlas Corp 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, Atlas Corp autocorrelation shows the relationship between Atlas Corp preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Atlas Preferred Stock
Atlas Corp financial ratios help investors to determine whether Atlas Preferred Stock 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 Atlas with respect to the benefits of owning Atlas Corp security.