Atlas Engineered Products Stock Market Value
| AEP Stock | CAD 1.21 0.03 2.42% |
| Symbol | Atlas |
Atlas Engineered Products Price To Book Ratio
Atlas Engineered '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 Atlas Engineered'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 Atlas Engineered.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Atlas Engineered on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Atlas Engineered Products or generate 0.0% return on investment in Atlas Engineered over 30 days. Atlas Engineered is related to or competes with Redishred Capital, Fab Form, Inventronics, and Caldwell Partners. Atlas Engineered Products Ltd. engineers, manufactures, and sells trusses and engineered wood products in Canada More
Atlas Engineered 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 Atlas Engineered'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 Atlas Engineered Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 5.13 |
Atlas Engineered Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Engineered's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Engineered's standard deviation. In reality, there are many statistical measures that can use Atlas Engineered historical prices to predict the future Atlas Engineered's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.12) |
Atlas Engineered Products Backtested Returns
Atlas Engineered Products secures Sharpe Ratio (or Efficiency) of -0.0215, which signifies that the company had a -0.0215% return per unit of risk over the last 3 months. Atlas Engineered Products exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlas Engineered's Standard Deviation of 2.8, mean deviation of 2.03, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Atlas Engineered's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atlas Engineered is expected to be smaller as well. At this point, Atlas Engineered Products has a negative expected return of -0.061%. Please make sure to confirm Atlas Engineered's day median price, period momentum indicator, as well as the relationship between the kurtosis and maximum drawdown , to decide if Atlas Engineered Products performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Atlas Engineered Products has very good reverse predictability. Overlapping area represents the amount of predictability between Atlas Engineered time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Atlas Engineered Products price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Atlas Engineered price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Atlas Engineered Products lagged returns against current returns
Autocorrelation, which is Atlas Engineered 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 Atlas Engineered's stock expected returns. We can calculate the autocorrelation of Atlas Engineered returns to help us make a trade decision. For example, suppose you find that Atlas Engineered 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 |
Atlas Engineered 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 Atlas Engineered stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Engineered stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Engineered stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Engineered Lagged Returns
When evaluating Atlas Engineered's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Engineered stock have on its future price. Atlas Engineered 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, Atlas Engineered autocorrelation shows the relationship between Atlas Engineered stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Engineered Products.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Atlas Stock Analysis
When running Atlas Engineered's price analysis, check to measure Atlas Engineered'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 Atlas Engineered is operating at the current time. Most of Atlas Engineered's value examination focuses on studying past and present price action to predict the probability of Atlas Engineered's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Engineered's price. Additionally, you may evaluate how the addition of Atlas Engineered to your portfolios can decrease your overall portfolio volatility.