American Axle Manufacturing Stock Market Value
| AXL Stock | USD 6.58 0.20 3.13% |
| Symbol | American |
American Axle Manufa Price To Book Ratio
Is Automotive Parts & Equipment 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 American Axle. If investors know American 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 American Axle 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 1.204 | Earnings Share 0.23 | Revenue Per Share 52.894 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0307 |
The market value of American Axle Manufa is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Axle's value that differs from its market value or its book value, called intrinsic value, which is American Axle'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 American Axle's market value can be influenced by many factors that don't directly affect American Axle'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 American Axle's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Axle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Axle'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.
American Axle '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 American Axle'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 American Axle.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in American Axle on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding American Axle Manufacturing or generate 0.0% return on investment in American Axle over 360 days. American Axle is related to or competes with Fox Factory, Commercial Vehicle, and BorgWarner. American Axle Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveli... More
American Axle 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 American Axle'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 American Axle Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.38 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 5.0 |
American Axle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Axle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Axle's standard deviation. In reality, there are many statistical measures that can use American Axle historical prices to predict the future American Axle's volatility.| Risk Adjusted Performance | 0.0158 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0093 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Axle'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.
American Axle Manufa Backtested Returns
American Axle Manufa secures Sharpe Ratio (or Efficiency) of -2.0E-4, which signifies that the company had a -2.0E-4% return per unit of standard deviation over the last 3 months. American Axle Manufacturing exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Axle's mean deviation of 1.97, and Risk Adjusted Performance of 0.0158 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.11, 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, American Axle will likely underperform. At this point, American Axle Manufa has a negative expected return of -5.0E-4%. Please make sure to confirm American Axle's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if American Axle Manufa performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
American Axle Manufacturing has average predictability. Overlapping area represents the amount of predictability between American Axle 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 American Axle Manufa price movement. The serial correlation of 0.45 indicates that just about 45.0% of current American Axle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
American Axle Manufa lagged returns against current returns
Autocorrelation, which is American Axle 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 American Axle's stock expected returns. We can calculate the autocorrelation of American Axle returns to help us make a trade decision. For example, suppose you find that American Axle 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 |
American Axle 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 American Axle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Axle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Axle stock over time.
Current vs Lagged Prices |
| Timeline |
American Axle Lagged Returns
When evaluating American Axle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Axle stock have on its future price. American Axle 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, American Axle autocorrelation shows the relationship between American Axle stock current value and its past values and can show if there is a momentum factor associated with investing in American Axle Manufacturing.
Regressed Prices |
| Timeline |
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American Axle 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.