Azenta Inc Stock Market Value
| AZTA Stock | USD 45.58 0.42 0.93% |
| Symbol | Azenta |
Is Life Sciences Tools & Services 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 Azenta. If investors know Azenta 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 Azenta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Azenta Inc is measured differently than its book value, which is the value of Azenta that is recorded on the company's balance sheet. Investors also form their own opinion of Azenta's value that differs from its market value or its book value, called intrinsic value, which is Azenta'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 Azenta's market value can be influenced by many factors that don't directly affect Azenta'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 Azenta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azenta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azenta'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.
Azenta '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 Azenta'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 Azenta.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Azenta on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Azenta Inc or generate 0.0% return on investment in Azenta over 300 days. Azenta is related to or competes with Akoya Biosciences, AtriCure, ICU Medical, Haemonetics, Merit Medical, AngioDynamics, and AptarGroup. Azenta, Inc. provides life science sample exploration and management solutions for the life sciences market in North Ame... More
Azenta 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 Azenta'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 Azenta Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.15 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 3.41 |
Azenta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azenta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azenta's standard deviation. In reality, there are many statistical measures that can use Azenta historical prices to predict the future Azenta's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Azenta'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.
Azenta Inc Backtested Returns
Azenta Inc secures Sharpe Ratio (or Efficiency) of -0.0276, which signifies that the company had a -0.0276% return per unit of standard deviation over the last 3 months. Azenta Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Azenta's risk adjusted performance of (0.01), and Mean Deviation of 1.84 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Azenta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Azenta is expected to be smaller as well. At this point, Azenta Inc has a negative expected return of -0.0715%. Please make sure to confirm Azenta's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Azenta Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Azenta Inc has very good predictability. Overlapping area represents the amount of predictability between Azenta time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Azenta Inc price movement. The serial correlation of 0.83 indicates that around 83.0% of current Azenta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 26.97 |
Azenta Inc lagged returns against current returns
Autocorrelation, which is Azenta 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 Azenta's stock expected returns. We can calculate the autocorrelation of Azenta returns to help us make a trade decision. For example, suppose you find that Azenta 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 |
Azenta 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 Azenta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azenta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azenta stock over time.
Current vs Lagged Prices |
| Timeline |
Azenta Lagged Returns
When evaluating Azenta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azenta stock have on its future price. Azenta 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, Azenta autocorrelation shows the relationship between Azenta stock current value and its past values and can show if there is a momentum factor associated with investing in Azenta Inc.
Regressed Prices |
| Timeline |
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 Azenta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Azenta'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 Azenta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Azenta Inc Stock:Check out Azenta Correlation, Azenta Volatility and Azenta Alpha and Beta module to complement your research on Azenta. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Azenta 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.