A2z Smart Technologies Stock Market Value
| AZ Stock | USD 6.94 0.51 7.93% |
| Symbol | A2Z |
A2Z Smart Technologies Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 A2Z Smart. If investors know A2Z 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 A2Z Smart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.52) | Revenue Per Share 0.428 | Quarterly Revenue Growth (0.46) | Return On Assets (0.94) | Return On Equity (20.70) |
The market value of A2Z Smart Technologies is measured differently than its book value, which is the value of A2Z that is recorded on the company's balance sheet. Investors also form their own opinion of A2Z Smart's value that differs from its market value or its book value, called intrinsic value, which is A2Z Smart'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 A2Z Smart's market value can be influenced by many factors that don't directly affect A2Z Smart'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 A2Z Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if A2Z Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, A2Z Smart'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.
A2Z Smart '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 A2Z Smart'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 A2Z Smart.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in A2Z Smart on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding A2Z Smart Technologies or generate 0.0% return on investment in A2Z Smart over 30 days. A2Z Smart is related to or competes with Innovative Solutions, National Presto, Hexcel, Park Electrochemical, Ducommun Incorporated, Air Industries, and CPI Aerostructures. A2Z Smart Technologies Corp. provides services in the field of advanced engineering capabilities to the militarysecurity... More
A2Z Smart 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 A2Z Smart'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 A2Z Smart Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.78 | |||
| Information Ratio | 0.2948 | |||
| Maximum Drawdown | 44.37 | |||
| Value At Risk | (7.28) | |||
| Potential Upside | 15.58 |
A2Z Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for A2Z Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A2Z Smart's standard deviation. In reality, there are many statistical measures that can use A2Z Smart historical prices to predict the future A2Z Smart's volatility.| Risk Adjusted Performance | 0.248 | |||
| Jensen Alpha | 2.26 | |||
| Total Risk Alpha | 1.19 | |||
| Sortino Ratio | 0.481 | |||
| Treynor Ratio | 1.77 |
A2Z Smart Technologies Backtested Returns
A2Z Smart is moderately volatile given 3 months investment horizon. A2Z Smart Technologies secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the company had a 0.34% return per unit of volatility over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 2.67% are justified by taking the suggested risk. Use A2Z Smart Mean Deviation of 5.76, coefficient of variation of 320.96, and Market Risk Adjusted Performance of 1.78 to evaluate company specific risk that cannot be diversified away. A2Z Smart holds a performance score of 26 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.37, 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, A2Z Smart will likely underperform. Use A2Z Smart downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to analyze future returns on A2Z Smart.
Auto-correlation | 0.56 |
Modest predictability
A2Z Smart Technologies has modest predictability. Overlapping area represents the amount of predictability between A2Z Smart 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 A2Z Smart Technologies price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current A2Z Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
A2Z Smart Technologies lagged returns against current returns
Autocorrelation, which is A2Z Smart 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 A2Z Smart's stock expected returns. We can calculate the autocorrelation of A2Z Smart returns to help us make a trade decision. For example, suppose you find that A2Z Smart 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 |
A2Z Smart 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 A2Z Smart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A2Z Smart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A2Z Smart stock over time.
Current vs Lagged Prices |
| Timeline |
A2Z Smart Lagged Returns
When evaluating A2Z Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A2Z Smart stock have on its future price. A2Z Smart 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, A2Z Smart autocorrelation shows the relationship between A2Z Smart stock current value and its past values and can show if there is a momentum factor associated with investing in A2Z Smart Technologies.
Regressed Prices |
| Timeline |
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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.Additional Tools for A2Z Stock Analysis
When running A2Z Smart's price analysis, check to measure A2Z Smart's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy A2Z Smart is operating at the current time. Most of A2Z Smart's value examination focuses on studying past and present price action to predict the probability of A2Z Smart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move A2Z Smart's price. Additionally, you may evaluate how the addition of A2Z Smart to your portfolios can decrease your overall portfolio volatility.