Ats P Stock Market Value
| ATS Stock | 42.41 2.41 5.38% |
| Symbol | ATS |
ATS P Price To Book Ratio
ATS P '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 ATS P'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 ATS P.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in ATS P on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding ATS P or generate 0.0% return on investment in ATS P over 30 days. ATS P is related to or competes with Microsoft Corp, Apple, Alphabet, Amazon CDR, JPMorgan Chase, Berkshire Hathaway, and Bank of America. ATS P is entity of Canada. It is traded as Stock on TO exchange. More
ATS P 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 ATS P'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 ATS P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0866 | |||
| Maximum Drawdown | 9.96 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 4.66 |
ATS P Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATS P's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATS P's standard deviation. In reality, there are many statistical measures that can use ATS P historical prices to predict the future ATS P's volatility.| Risk Adjusted Performance | 0.1159 | |||
| Jensen Alpha | 0.3233 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0984 | |||
| Treynor Ratio | (5.27) |
ATS P Backtested Returns
ATS P appears to be very steady, given 3 months investment horizon. ATS P secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ATS P, which you can use to evaluate the volatility of the firm. Please makes use of ATS P's risk adjusted performance of 0.1159, and Mean Deviation of 1.74 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ATS P holds a performance score of 9. The firm shows a Beta (market volatility) of -0.06, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ATS P are expected to decrease at a much lower rate. During the bear market, ATS P is likely to outperform the market. Please check ATS P's downside variance, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether ATS P's price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
ATS P has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ATS P time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 ATS P price movement. The serial correlation of -0.75 indicates that around 75.0% of current ATS P price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 2.44 |
ATS P lagged returns against current returns
Autocorrelation, which is ATS P 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 ATS P's stock expected returns. We can calculate the autocorrelation of ATS P returns to help us make a trade decision. For example, suppose you find that ATS P 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 |
ATS P 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 ATS P stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATS P stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATS P stock over time.
Current vs Lagged Prices |
| Timeline |
ATS P Lagged Returns
When evaluating ATS P's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATS P stock have on its future price. ATS P 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, ATS P autocorrelation shows the relationship between ATS P stock current value and its past values and can show if there is a momentum factor associated with investing in ATS P.
Regressed Prices |
| Timeline |
Pair Trading with ATS P
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 ATS P 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 ATS P will appreciate offsetting losses from the drop in the long position's value.Moving together with ATS Stock
Moving against ATS Stock
| 0.59 | DELX | DelphX Capital Markets Earnings Call Today | PairCorr |
The ability to find closely correlated positions to ATS P could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATS P 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 ATS P - 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 ATS P to buy it.
The correlation of ATS P 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 ATS P moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATS P 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 ATS P 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.Other Information on Investing in ATS Stock
ATS P financial ratios help investors to determine whether ATS 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 ATS with respect to the benefits of owning ATS P security.