Azz Incorporated Stock Market Value
| AZZ Stock | USD 95.33 0.21 0.22% |
| Symbol | AZZ |
AZZ Incorporated Price To Book Ratio
Is Heavy Electrical 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 AZZ Incorporated. If investors know AZZ 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 AZZ Incorporated 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 0.217 | Dividend Share 0.68 | Earnings Share 1.44 | Revenue Per Share 58.839 | Quarterly Revenue Growth 0.026 |
The market value of AZZ Incorporated is measured differently than its book value, which is the value of AZZ that is recorded on the company's balance sheet. Investors also form their own opinion of AZZ Incorporated's value that differs from its market value or its book value, called intrinsic value, which is AZZ Incorporated'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 AZZ Incorporated's market value can be influenced by many factors that don't directly affect AZZ Incorporated'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 AZZ Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if AZZ Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AZZ Incorporated'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.
AZZ Incorporated '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 AZZ Incorporated'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 AZZ Incorporated.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in AZZ Incorporated on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding AZZ Incorporated or generate 0.0% return on investment in AZZ Incorporated over 30 days. AZZ Incorporated is related to or competes with Maximus, ABM Industries, CBIZ, Cass Information, First Advantage, Network 1, and Aramark Holdings. AZZ Inc. offers galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and engineer... More
AZZ Incorporated 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 AZZ Incorporated'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 AZZ Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.0445 | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 3.18 |
AZZ Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AZZ Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AZZ Incorporated's standard deviation. In reality, there are many statistical measures that can use AZZ Incorporated historical prices to predict the future AZZ Incorporated's volatility.| Risk Adjusted Performance | 0.083 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.051 | |||
| Treynor Ratio | 0.1057 |
AZZ Incorporated Backtested Returns
AZZ Incorporated appears to be very steady, given 3 months investment horizon. AZZ Incorporated secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for AZZ Incorporated, which you can use to evaluate the volatility of the firm. Please makes use of AZZ Incorporated's mean deviation of 1.68, and Risk Adjusted Performance of 0.083 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AZZ Incorporated holds a performance score of 10. The firm shows a Beta (market volatility) of 2.1, 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, AZZ Incorporated will likely underperform. Please check AZZ Incorporated's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether AZZ Incorporated's price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
AZZ Incorporated has very good predictability. Overlapping area represents the amount of predictability between AZZ Incorporated time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 AZZ Incorporated price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current AZZ Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 22.58 |
AZZ Incorporated lagged returns against current returns
Autocorrelation, which is AZZ Incorporated 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 AZZ Incorporated's stock expected returns. We can calculate the autocorrelation of AZZ Incorporated returns to help us make a trade decision. For example, suppose you find that AZZ Incorporated 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 |
AZZ Incorporated 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 AZZ Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AZZ Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AZZ Incorporated stock over time.
Current vs Lagged Prices |
| Timeline |
AZZ Incorporated Lagged Returns
When evaluating AZZ Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AZZ Incorporated stock have on its future price. AZZ Incorporated 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, AZZ Incorporated autocorrelation shows the relationship between AZZ Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in AZZ Incorporated.
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.Additional Tools for AZZ Stock Analysis
When running AZZ Incorporated's price analysis, check to measure AZZ Incorporated'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 AZZ Incorporated is operating at the current time. Most of AZZ Incorporated's value examination focuses on studying past and present price action to predict the probability of AZZ Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AZZ Incorporated's price. Additionally, you may evaluate how the addition of AZZ Incorporated to your portfolios can decrease your overall portfolio volatility.