Athena Technology Acquisition Stock Market Value
| ATEK Stock | USD 11.75 0.02 0.17% |
| Symbol | Athena |
Athena Technology Price To Book Ratio
Is Asset Management & Custody Banks 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 Athena Technology. If investors know Athena 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 Athena Technology 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 (0.80) | Earnings Share (0.06) | Return On Assets (0.07) |
The market value of Athena Technology is measured differently than its book value, which is the value of Athena that is recorded on the company's balance sheet. Investors also form their own opinion of Athena Technology's value that differs from its market value or its book value, called intrinsic value, which is Athena Technology'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 Athena Technology's market value can be influenced by many factors that don't directly affect Athena Technology'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 Athena Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Athena Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Athena Technology'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.
Athena Technology '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 Athena Technology'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 Athena Technology.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Athena Technology on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Athena Technology Acquisition or generate 0.0% return on investment in Athena Technology over 360 days. Athena Technology is related to or competes with Alpha Star, Alpha One, and A SPAC. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar bus... More
Athena Technology 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 Athena Technology'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 Athena Technology Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 18.27 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.3 |
Athena Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Athena Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Athena Technology's standard deviation. In reality, there are many statistical measures that can use Athena Technology historical prices to predict the future Athena Technology's volatility.| Risk Adjusted Performance | 0.0307 | |||
| Jensen Alpha | 0.1234 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Athena Technology'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.
Athena Technology Backtested Returns
As of now, Athena Stock is not too volatile. Athena Technology secures Sharpe Ratio (or Efficiency) of 0.0352, which signifies that the company had a 0.0352% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Athena Technology Acquisition, which you can use to evaluate the volatility of the firm. Please confirm Athena Technology's risk adjusted performance of 0.0307, and Mean Deviation of 1.07 to double-check if the risk estimate we provide is consistent with the expected return of 0.079%. Athena Technology has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Athena Technology are expected to decrease at a much lower rate. During the bear market, Athena Technology is likely to outperform the market. Athena Technology right now shows a risk of 2.25%. Please confirm Athena Technology downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Athena Technology will be following its price patterns.
Auto-correlation | 0.46 |
Average predictability
Athena Technology Acquisition has average predictability. Overlapping area represents the amount of predictability between Athena Technology 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 Athena Technology price movement. The serial correlation of 0.46 indicates that about 46.0% of current Athena Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Athena Technology lagged returns against current returns
Autocorrelation, which is Athena Technology 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 Athena Technology's stock expected returns. We can calculate the autocorrelation of Athena Technology returns to help us make a trade decision. For example, suppose you find that Athena Technology 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 |
Athena Technology 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 Athena Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Athena Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Athena Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Athena Technology Lagged Returns
When evaluating Athena Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Athena Technology stock have on its future price. Athena Technology 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, Athena Technology autocorrelation shows the relationship between Athena Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Athena Technology Acquisition.
Regressed Prices |
| Timeline |
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Athena Technology 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.