Azek Company Stock Market Value
| AZEK Stock | USD 46.78 0.50 1.08% |
| Symbol | Azek |
Azek Company Price To Book Ratio
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 Azek. If investors know Azek 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 Azek 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 (0.29) | Earnings Share 0.99 | Revenue Per Share | Quarterly Revenue Growth 0.187 | Return On Assets |
The market value of Azek Company is measured differently than its book value, which is the value of Azek that is recorded on the company's balance sheet. Investors also form their own opinion of Azek's value that differs from its market value or its book value, called intrinsic value, which is Azek'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 Azek's market value can be influenced by many factors that don't directly affect Azek'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 Azek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azek'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.
Azek '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 Azek'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 Azek.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Azek on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Azek Company or generate 0.0% return on investment in Azek over 30 days. Azek is related to or competes with Louisiana Pacific, Masco, Fortune Brands, Trane Technologies, Quanex Building, Apogee Enterprises, and Beacon Roofing. The AZEK Company Inc. engages in designing, manufacturing, and selling building products for residential, commercial, an... More
Azek 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 Azek'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 Azek Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.0107 | |||
| Maximum Drawdown | 11.76 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.79 |
Azek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azek's standard deviation. In reality, there are many statistical measures that can use Azek historical prices to predict the future Azek's volatility.| Risk Adjusted Performance | 0.0196 | |||
| Jensen Alpha | 0.0196 | |||
| Total Risk Alpha | 0.0132 | |||
| Sortino Ratio | 0.0102 | |||
| Treynor Ratio | 0.0175 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Azek'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.
Azek Company Backtested Returns
Azek Company secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1 % return per unit of standard deviation over the last 3 months. Azek Company exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Azek's risk adjusted performance of 0.0196, and Mean Deviation of 1.54 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.57, 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, Azek will likely underperform. At this point, Azek Company has a negative expected return of -0.2%. Please make sure to confirm Azek's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Azek Company performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Azek Company has average predictability. Overlapping area represents the amount of predictability between Azek time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Azek Company price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Azek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2.87 |
Azek Company lagged returns against current returns
Autocorrelation, which is Azek 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 Azek's stock expected returns. We can calculate the autocorrelation of Azek returns to help us make a trade decision. For example, suppose you find that Azek 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 |
Azek 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 Azek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azek stock over time.
Current vs Lagged Prices |
| Timeline |
Azek Lagged Returns
When evaluating Azek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azek stock have on its future price. Azek 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, Azek autocorrelation shows the relationship between Azek stock current value and its past values and can show if there is a momentum factor associated with investing in Azek Company.
Regressed Prices |
| Timeline |
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Azek technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.