Axon Enterprise Stock Market Value
| AXON Stock | USD 593.89 8.05 1.37% |
| Symbol | Axon |
Axon Enterprise Price To Book Ratio
Is Aerospace & Defense 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 Axon Enterprise. If investors know Axon 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 Axon Enterprise 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 0.062 | Earnings Share 3.88 | Revenue Per Share | Quarterly Revenue Growth 0.317 | Return On Assets |
The market value of Axon Enterprise is measured differently than its book value, which is the value of Axon that is recorded on the company's balance sheet. Investors also form their own opinion of Axon Enterprise's value that differs from its market value or its book value, called intrinsic value, which is Axon Enterprise'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 Axon Enterprise's market value can be influenced by many factors that don't directly affect Axon Enterprise'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 Axon Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axon Enterprise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axon Enterprise'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.
Axon Enterprise '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 Axon Enterprise'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 Axon Enterprise.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Axon Enterprise on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Axon Enterprise or generate 0.0% return on investment in Axon Enterprise over 30 days. Axon Enterprise is related to or competes with Novocure, HubSpot, DigitalOcean Holdings, Appian Corp, and Repligen. Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices under the TASER brand in the United Sta... More
Axon Enterprise 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 Axon Enterprise'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 Axon Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 35.24 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 3.52 |
Axon Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axon Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axon Enterprise's standard deviation. In reality, there are many statistical measures that can use Axon Enterprise historical prices to predict the future Axon Enterprise's volatility.| Risk Adjusted Performance | 0.1189 | |||
| Jensen Alpha | 0.5305 | |||
| Total Risk Alpha | 0.3969 | |||
| Sortino Ratio | 0.2063 | |||
| Treynor Ratio | (2.31) |
Axon Enterprise Backtested Returns
Axon Enterprise appears to be very steady, given 3 months investment horizon. Axon Enterprise secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of risk over the last 3 months. By analyzing Axon Enterprise's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Axon Enterprise's Downside Deviation of 2.41, mean deviation of 1.92, and Risk Adjusted Performance of 0.1189 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Axon Enterprise holds a performance score of 10. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Axon Enterprise are expected to decrease at a much lower rate. During the bear market, Axon Enterprise is likely to outperform the market. Please check Axon Enterprise's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Axon Enterprise's price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Axon Enterprise has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Axon Enterprise time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Axon Enterprise price movement. The serial correlation of -0.75 indicates that around 75.0% of current Axon Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 107.78 |
Axon Enterprise lagged returns against current returns
Autocorrelation, which is Axon Enterprise 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 Axon Enterprise's stock expected returns. We can calculate the autocorrelation of Axon Enterprise returns to help us make a trade decision. For example, suppose you find that Axon Enterprise 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 |
Axon Enterprise 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 Axon Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axon Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axon Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Axon Enterprise Lagged Returns
When evaluating Axon Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axon Enterprise stock have on its future price. Axon Enterprise 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, Axon Enterprise autocorrelation shows the relationship between Axon Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Axon Enterprise.
Regressed Prices |
| Timeline |
Pair Trading with Axon Enterprise
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 Axon Enterprise 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 Axon Enterprise will appreciate offsetting losses from the drop in the long position's value.Moving together with Axon Stock
Moving against Axon Stock
The ability to find closely correlated positions to Axon Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axon Enterprise 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 Axon Enterprise - 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 Axon Enterprise to buy it.
The correlation of Axon Enterprise 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 Axon Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axon Enterprise 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 Axon Enterprise 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 Axon Enterprise Correlation, Axon Enterprise Volatility and Axon Enterprise Alpha and Beta module to complement your research on Axon Enterprise. To learn how to invest in Axon Stock, please use our How to Invest in Axon Enterprise guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Axon Enterprise 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.