Atmos Energy Stock Market Value
| ATO Stock | USD 150.05 0.21 0.14% |
| Symbol | Atmos |
Atmos Energy Price To Book Ratio
Is Gas Utilities 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 Atmos Energy. If investors know Atmos 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 Atmos Energy 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 0.148 | Earnings Share 6.83 | Revenue Per Share 27.161 | Quarterly Revenue Growth 0.059 | Return On Assets 0.0358 |
The market value of Atmos Energy is measured differently than its book value, which is the value of Atmos that is recorded on the company's balance sheet. Investors also form their own opinion of Atmos Energy's value that differs from its market value or its book value, called intrinsic value, which is Atmos Energy'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 Atmos Energy's market value can be influenced by many factors that don't directly affect Atmos Energy'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 Atmos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atmos Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmos Energy'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.
Atmos Energy '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 Atmos Energy'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 Atmos Energy.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Atmos Energy on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Atmos Energy or generate 0.0% return on investment in Atmos Energy over 360 days. Atmos Energy is related to or competes with NewJersey Resources, Northwest Natural, and NorthWestern. Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipelin... More
Atmos Energy 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 Atmos Energy'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 Atmos Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7064 | |||
| Information Ratio | 0.1205 | |||
| Maximum Drawdown | 3.85 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.84 |
Atmos Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atmos Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atmos Energy's standard deviation. In reality, there are many statistical measures that can use Atmos Energy historical prices to predict the future Atmos Energy's volatility.| Risk Adjusted Performance | 0.2108 | |||
| Jensen Alpha | 0.1782 | |||
| Total Risk Alpha | 0.0892 | |||
| Sortino Ratio | 0.1458 | |||
| Treynor Ratio | 0.5927 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atmos Energy'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.
Atmos Energy Backtested Returns
Atmos Energy appears to be very steady, given 3 months investment horizon. Atmos Energy secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. We have found thirty technical indicators for Atmos Energy, which you can use to evaluate the volatility of the firm. Please makes use of Atmos Energy's Mean Deviation of 0.6605, downside deviation of 0.7064, and Risk Adjusted Performance of 0.2108 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Atmos Energy holds a performance score of 20. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Atmos Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atmos Energy is expected to be smaller as well. Please check Atmos Energy's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Atmos Energy's price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Atmos Energy has average predictability. Overlapping area represents the amount of predictability between Atmos Energy 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 Atmos Energy price movement. The serial correlation of 0.49 indicates that about 49.0% of current Atmos Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 110.1 |
Atmos Energy lagged returns against current returns
Autocorrelation, which is Atmos Energy 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 Atmos Energy's stock expected returns. We can calculate the autocorrelation of Atmos Energy returns to help us make a trade decision. For example, suppose you find that Atmos Energy 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 |
Atmos Energy 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 Atmos Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atmos Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atmos Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Atmos Energy Lagged Returns
When evaluating Atmos Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atmos Energy stock have on its future price. Atmos Energy 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, Atmos Energy autocorrelation shows the relationship between Atmos Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Atmos Energy.
Regressed Prices |
| Timeline |
Pair Trading with Atmos Energy
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 Atmos Energy 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 Atmos Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Atmos Stock
Moving against Atmos Stock
The ability to find closely correlated positions to Atmos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atmos Energy 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 Atmos Energy - 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 Atmos Energy to buy it.
The correlation of Atmos Energy 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 Atmos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmos Energy 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 Atmos Energy 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.Check out Atmos Energy Correlation, Atmos Energy Volatility and Atmos Energy Alpha and Beta module to complement your research on Atmos Energy. To learn how to invest in Atmos Stock, please use our How to Invest in Atmos Energy guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Atmos Energy 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.