Anterix Stock Market Value
| ATEX Stock | USD 34.70 0.11 0.32% |
| Symbol | Anterix |
Anterix Price To Book Ratio
Is Wireless Telecommunication 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 Anterix. If investors know Anterix 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 Anterix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.02) | Revenue Per Share 0.302 | Quarterly Revenue Growth 0.474 | Return On Assets (0.11) | Return On Equity (0.24) |
The market value of Anterix is measured differently than its book value, which is the value of Anterix that is recorded on the company's balance sheet. Investors also form their own opinion of Anterix's value that differs from its market value or its book value, called intrinsic value, which is Anterix'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 Anterix's market value can be influenced by many factors that don't directly affect Anterix'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 Anterix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anterix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anterix'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.
Anterix '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 Anterix'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 Anterix.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Anterix on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Anterix or generate 0.0% return on investment in Anterix over 180 days. Anterix is related to or competes with Shenandoah Telecommunicatio, Liberty Broadband, Ooma, IDT, Liberty Broadband, Cable One, and Telkom Indonesia. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure cu... More
Anterix 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 Anterix'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 Anterix upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.42 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 3.49 |
Anterix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anterix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anterix's standard deviation. In reality, there are many statistical measures that can use Anterix historical prices to predict the future Anterix's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0138 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Anterix'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.
Anterix Backtested Returns
Anterix secures Sharpe Ratio (or Efficiency) of -0.0107, which signifies that the company had a -0.0107% return per unit of risk over the last 3 months. Anterix exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anterix's Risk Adjusted Performance of 0.0111, mean deviation of 1.57, and Downside Deviation of 2.24 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anterix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anterix is expected to be smaller as well. At this point, Anterix has a negative expected return of -0.0244%. Please make sure to confirm Anterix's skewness, and the relationship between the value at risk and day median price , to decide if Anterix performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Anterix has very good reverse predictability. Overlapping area represents the amount of predictability between Anterix time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Anterix price movement. The serial correlation of -0.7 indicates that around 70.0% of current Anterix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 5.5 |
Anterix lagged returns against current returns
Autocorrelation, which is Anterix 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 Anterix's stock expected returns. We can calculate the autocorrelation of Anterix returns to help us make a trade decision. For example, suppose you find that Anterix 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 |
Anterix 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 Anterix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anterix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anterix stock over time.
Current vs Lagged Prices |
| Timeline |
Anterix Lagged Returns
When evaluating Anterix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anterix stock have on its future price. Anterix 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, Anterix autocorrelation shows the relationship between Anterix stock current value and its past values and can show if there is a momentum factor associated with investing in Anterix.
Regressed Prices |
| Timeline |
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When running Anterix's price analysis, check to measure Anterix'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 Anterix is operating at the current time. Most of Anterix's value examination focuses on studying past and present price action to predict the probability of Anterix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anterix's price. Additionally, you may evaluate how the addition of Anterix to your portfolios can decrease your overall portfolio volatility.