Atlanticus Holdings Corp Preferred Stock Market Value
| ATLCP Preferred Stock | USD 24.00 0.40 1.69% |
| Symbol | Atlanticus |
Atlanticus Holdings '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 Atlanticus Holdings' preferred 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 Atlanticus Holdings.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Atlanticus Holdings on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Atlanticus Holdings Corp or generate 0.0% return on investment in Atlanticus Holdings over 180 days. Atlanticus Holdings is related to or competes with Babcock Wilcox, XOMA, Brighthouse Financial, and Presidio Property. Atlanticus Holdings Corporation provides credit and related financial services and products to customers the United Stat... More
Atlanticus Holdings 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 Atlanticus Holdings' preferred 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 Atlanticus Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5095 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.71 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.24 |
Atlanticus Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlanticus Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlanticus Holdings' standard deviation. In reality, there are many statistical measures that can use Atlanticus Holdings historical prices to predict the future Atlanticus Holdings' volatility.| Risk Adjusted Performance | 0.1376 | |||
| Jensen Alpha | 0.0894 | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 1.1 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlanticus Holdings' 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.
Atlanticus Holdings Corp Backtested Returns
Currently, Atlanticus Holdings Corp is very steady. Atlanticus Holdings Corp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Atlanticus Holdings Corp, which you can use to evaluate the volatility of the firm. Please confirm Atlanticus Holdings' Mean Deviation of 0.4735, risk adjusted performance of 0.1376, and Downside Deviation of 0.5095 to double-check if the risk estimate we provide is consistent with the expected return of 0.0938%. Atlanticus Holdings has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0917, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Atlanticus Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Atlanticus Holdings is expected to be smaller as well. Atlanticus Holdings Corp right now shows a risk of 0.61%. Please confirm Atlanticus Holdings Corp downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Atlanticus Holdings Corp will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Atlanticus Holdings Corp has very weak predictability. Overlapping area represents the amount of predictability between Atlanticus Holdings time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Atlanticus Holdings Corp price movement. The serial correlation of 0.19 indicates that over 19.0% of current Atlanticus Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Atlanticus Holdings Corp lagged returns against current returns
Autocorrelation, which is Atlanticus Holdings preferred 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 Atlanticus Holdings' preferred stock expected returns. We can calculate the autocorrelation of Atlanticus Holdings returns to help us make a trade decision. For example, suppose you find that Atlanticus Holdings has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Atlanticus Holdings 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 Atlanticus Holdings preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlanticus Holdings preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlanticus Holdings preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Atlanticus Holdings Lagged Returns
When evaluating Atlanticus Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlanticus Holdings preferred stock have on its future price. Atlanticus Holdings 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, Atlanticus Holdings autocorrelation shows the relationship between Atlanticus Holdings preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Atlanticus Holdings Corp.
Regressed Prices |
| Timeline |
Pair Trading with Atlanticus Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atlanticus Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atlanticus Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Atlanticus Preferred Stock
Moving against Atlanticus Preferred Stock
| 0.67 | AGM-PE | Federal Agricultural | PairCorr |
| 0.65 | AGM-PG | Federal Agricultural | PairCorr |
| 0.65 | AGM-PF | Federal Agricultural | PairCorr |
| 0.63 | AGM-PD | Federal Agricultural | PairCorr |
| 0.55 | COF-PJ | Capital One Financial | PairCorr |
The ability to find closely correlated positions to Atlanticus Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlanticus Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atlanticus Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atlanticus Holdings Corp to buy it.
The correlation of Atlanticus Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atlanticus Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlanticus Holdings Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Atlanticus Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Atlanticus Preferred Stock Analysis
When running Atlanticus Holdings' price analysis, check to measure Atlanticus Holdings' 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 Atlanticus Holdings is operating at the current time. Most of Atlanticus Holdings' value examination focuses on studying past and present price action to predict the probability of Atlanticus Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlanticus Holdings' price. Additionally, you may evaluate how the addition of Atlanticus Holdings to your portfolios can decrease your overall portfolio volatility.