Atlas Corp Stock Market Value
| ATCOL Stock | USD 25.04 0.06 0.24% |
| Symbol | Atlas |
Is Cargo Ground Transportation 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 Atlas Corp. If investors know Atlas 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 Atlas Corp 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 1.408 | Earnings Share 1.736 | Revenue Per Share 9.517 | Quarterly Revenue Growth 0.297 | Return On Assets 0.0431 |
The market value of Atlas Corp is measured differently than its book value, which is the value of Atlas that is recorded on the company's balance sheet. Investors also form their own opinion of Atlas Corp's value that differs from its market value or its book value, called intrinsic value, which is Atlas Corp'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 Atlas Corp's market value can be influenced by many factors that don't directly affect Atlas Corp'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 Atlas Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlas Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlas Corp'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.
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 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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Atlas Corp on October 26, 2024 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 30 days. Atlas Corp is related to or competes with Old Dominion, ArcBest Corp, Knight Transportation, Universal Logistics, Heartland Express, and Schneider National. Atlas Corp. operates as an asset manager and operator 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 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 | 0.3934 | |||
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.81 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.6475 |
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 | 0.0341 | |||
| Jensen Alpha | 0.0198 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | (0.16) |
Atlas Corp Backtested Returns
As of now, Atlas Stock is very steady. Atlas Corp secures Sharpe Ratio (or Efficiency) of 0.0621, which signifies that the company had a 0.0621% 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 Risk Adjusted Performance of 0.0341, mean deviation of 0.2539, and Downside Deviation of 0.3934 to double-check if the risk estimate we provide is consistent with the expected return of 0.0226%. Atlas Corp has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0702, 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 0.36%. Please confirm Atlas Corp downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Atlas Corp will be following its price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Atlas Corp has insignificant predictability. Overlapping area represents the amount of predictability between Atlas Corp time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Atlas Corp price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Atlas Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Atlas Corp lagged returns against current returns
Autocorrelation, which is Atlas Corp 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Corp 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 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 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 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 |
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Atlas Corp 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.