Advanced Drainage Systems Stock Market Value
| WMS Stock | USD 131.85 3.44 2.68% |
| Symbol | Advanced |
Advanced Drainage's Earnings Breakdown by Geography
Is Building Products 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 Advanced Drainage. If investors know Advanced 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 Advanced Drainage 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 (0.02) | Dividend Share 0.6 | Earnings Share 6.29 | Revenue Per Share 37.532 | Quarterly Revenue Growth 0.003 |
The market value of Advanced Drainage Systems is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Drainage's value that differs from its market value or its book value, called intrinsic value, which is Advanced Drainage'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 Advanced Drainage's market value can be influenced by many factors that don't directly affect Advanced Drainage'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 Advanced Drainage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advanced Drainage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Drainage'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.
Advanced Drainage '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 Advanced Drainage'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 Advanced Drainage.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Advanced Drainage on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Advanced Drainage Systems or generate 0.0% return on investment in Advanced Drainage over 270 days. Advanced Drainage is related to or competes with Apogee Enterprises, Azek, Lennox International, Gibraltar Industries, Quanex Building, Janus International, and Interface. Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water mana... More
Advanced Drainage 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 Advanced Drainage'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 Advanced Drainage Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.69 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 3.12 |
Advanced Drainage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Drainage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Drainage's standard deviation. In reality, there are many statistical measures that can use Advanced Drainage historical prices to predict the future Advanced Drainage's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.17) |
Advanced Drainage Systems Backtested Returns
Advanced Drainage Systems secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Advanced Drainage Systems exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Advanced Drainage's Mean Deviation of 1.62, standard deviation of 2.58, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.43, 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, Advanced Drainage will likely underperform. At this point, Advanced Drainage Systems has a negative expected return of -0.26%. Please make sure to confirm Advanced Drainage's potential upside and day median price , to decide if Advanced Drainage Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Advanced Drainage Systems has weak predictability. Overlapping area represents the amount of predictability between Advanced Drainage time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Advanced Drainage Systems price movement. The serial correlation of 0.23 indicates that over 23.0% of current Advanced Drainage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 126.68 |
Advanced Drainage Systems lagged returns against current returns
Autocorrelation, which is Advanced Drainage 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 Advanced Drainage's stock expected returns. We can calculate the autocorrelation of Advanced Drainage returns to help us make a trade decision. For example, suppose you find that Advanced Drainage 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 |
Advanced Drainage 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 Advanced Drainage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Drainage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Drainage stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Drainage Lagged Returns
When evaluating Advanced Drainage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Drainage stock have on its future price. Advanced Drainage 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, Advanced Drainage autocorrelation shows the relationship between Advanced Drainage stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Drainage Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Advanced Stock Analysis
When running Advanced Drainage's price analysis, check to measure Advanced Drainage'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 Advanced Drainage is operating at the current time. Most of Advanced Drainage's value examination focuses on studying past and present price action to predict the probability of Advanced Drainage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Drainage's price. Additionally, you may evaluate how the addition of Advanced Drainage to your portfolios can decrease your overall portfolio volatility.