Atmus Filtration Technologies Stock Market Value
| ATMU Stock | 44.50 0.73 1.67% |
| Symbol | Atmus |
Atmus Filtration Tec Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Atmus Filtration. If investors know Atmus 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 Atmus Filtration 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 0.156 | Dividend Share 0.05 | Earnings Share 2.15 | Revenue Per Share 19.959 | Quarterly Revenue Growth 0.019 |
The market value of Atmus Filtration Tec is measured differently than its book value, which is the value of Atmus that is recorded on the company's balance sheet. Investors also form their own opinion of Atmus Filtration's value that differs from its market value or its book value, called intrinsic value, which is Atmus Filtration'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 Atmus Filtration's market value can be influenced by many factors that don't directly affect Atmus Filtration'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 Atmus Filtration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atmus Filtration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmus Filtration'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.
Atmus Filtration '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 Atmus Filtration'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 Atmus Filtration.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Atmus Filtration on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Atmus Filtration Technologies or generate 0.0% return on investment in Atmus Filtration over 360 days. Atmus Filtration is related to or competes with Titan International, Figs, PVH Corp, ArcelorMittal, Kontoor Brands, and Skechers USA. Atmus Filtration is entity of United States More
Atmus Filtration 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 Atmus Filtration'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 Atmus Filtration Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.1659 | |||
| Maximum Drawdown | 11.04 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 3.56 |
Atmus Filtration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atmus Filtration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atmus Filtration's standard deviation. In reality, there are many statistical measures that can use Atmus Filtration historical prices to predict the future Atmus Filtration's volatility.| Risk Adjusted Performance | 0.184 | |||
| Jensen Alpha | 0.2818 | |||
| Total Risk Alpha | 0.1373 | |||
| Sortino Ratio | 0.1805 | |||
| Treynor Ratio | 0.3243 |
Atmus Filtration Tec Backtested Returns
Atmus Filtration appears to be very steady, given 3 months investment horizon. Atmus Filtration Tec secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Atmus Filtration Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Atmus Filtration's Downside Deviation of 1.82, mean deviation of 1.41, and Risk Adjusted Performance of 0.184 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Atmus Filtration holds a performance score of 16. The firm shows a Beta (market volatility) of 1.38, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Atmus Filtration will likely underperform. Please check Atmus Filtration's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Atmus Filtration's price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
Atmus Filtration Technologies has very good predictability. Overlapping area represents the amount of predictability between Atmus Filtration time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Atmus Filtration Tec price movement. The serial correlation of 0.84 indicates that around 84.0% of current Atmus Filtration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 21.48 |
Atmus Filtration Tec lagged returns against current returns
Autocorrelation, which is Atmus Filtration 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 Atmus Filtration's stock expected returns. We can calculate the autocorrelation of Atmus Filtration returns to help us make a trade decision. For example, suppose you find that Atmus Filtration 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 |
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Atmus Filtration 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 Atmus Filtration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atmus Filtration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atmus Filtration stock over time.
Current vs Lagged Prices |
| Timeline |
Atmus Filtration Lagged Returns
When evaluating Atmus Filtration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atmus Filtration stock have on its future price. Atmus Filtration 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, Atmus Filtration autocorrelation shows the relationship between Atmus Filtration stock current value and its past values and can show if there is a momentum factor associated with investing in Atmus Filtration Technologies.
Regressed Prices |
| Timeline |
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Additional Tools for Atmus Stock Analysis
When running Atmus Filtration's price analysis, check to measure Atmus Filtration's 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 Atmus Filtration is operating at the current time. Most of Atmus Filtration's value examination focuses on studying past and present price action to predict the probability of Atmus Filtration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atmus Filtration's price. Additionally, you may evaluate how the addition of Atmus Filtration to your portfolios can decrease your overall portfolio volatility.