Axalta Coating Systems Stock Market Value
| AXTA Stock | USD 41.29 0.77 1.90% |
| Symbol | Axalta |
Axalta Coating Systems Price To Book Ratio
Is Specialty Chemicals 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 Axalta Coating. If investors know Axalta 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 Axalta Coating 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 0.412 | Earnings Share 1.48 | Revenue Per Share 23.932 | Quarterly Revenue Growth 0.008 | Return On Assets 0.0672 |
The market value of Axalta Coating Systems is measured differently than its book value, which is the value of Axalta that is recorded on the company's balance sheet. Investors also form their own opinion of Axalta Coating's value that differs from its market value or its book value, called intrinsic value, which is Axalta Coating'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 Axalta Coating's market value can be influenced by many factors that don't directly affect Axalta Coating'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 Axalta Coating's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axalta Coating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axalta Coating'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.
Axalta Coating '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 Axalta Coating'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 Axalta Coating.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Axalta Coating on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Axalta Coating Systems or generate 0.0% return on investment in Axalta Coating over 30 days. Axalta Coating is related to or competes with Avient Corp, H B, Quaker Chemical, Cabot, Innospec, Minerals Technologies, and Oil Dri. Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings ... More
Axalta Coating 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 Axalta Coating'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 Axalta Coating Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.0596 | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.81 |
Axalta Coating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axalta Coating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axalta Coating's standard deviation. In reality, there are many statistical measures that can use Axalta Coating historical prices to predict the future Axalta Coating's volatility.| Risk Adjusted Performance | 0.1094 | |||
| Jensen Alpha | 0.0992 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0697 | |||
| Treynor Ratio | 0.2173 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Axalta Coating'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.
Axalta Coating Systems Backtested Returns
Axalta Coating appears to be very steady, given 3 months investment horizon. Axalta Coating Systems secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Axalta Coating Systems, which you can use to evaluate the volatility of the firm. Please makes use of Axalta Coating's risk adjusted performance of 0.1094, and Mean Deviation of 1.21 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Axalta Coating holds a performance score of 10. The firm shows a Beta (market volatility) of 1.03, which signifies a somewhat significant risk relative to the market. Axalta Coating returns are very sensitive to returns on the market. As the market goes up or down, Axalta Coating is expected to follow. Please check Axalta Coating's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Axalta Coating's price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Axalta Coating Systems has insignificant predictability. Overlapping area represents the amount of predictability between Axalta Coating time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Axalta Coating Systems price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Axalta Coating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Axalta Coating Systems lagged returns against current returns
Autocorrelation, which is Axalta Coating 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 Axalta Coating's stock expected returns. We can calculate the autocorrelation of Axalta Coating returns to help us make a trade decision. For example, suppose you find that Axalta Coating 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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Axalta Coating 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 Axalta Coating stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axalta Coating stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axalta Coating stock over time.
Current vs Lagged Prices |
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Axalta Coating Lagged Returns
When evaluating Axalta Coating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axalta Coating stock have on its future price. Axalta Coating 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, Axalta Coating autocorrelation shows the relationship between Axalta Coating stock current value and its past values and can show if there is a momentum factor associated with investing in Axalta Coating Systems.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Axalta Coating Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Axalta Coating's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Axalta Coating Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Axalta Coating Systems Stock:Check out Axalta Coating Correlation, Axalta Coating Volatility and Axalta Coating Alpha and Beta module to complement your research on Axalta Coating. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Axalta Coating 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.