Azenta Inc Stock Market Value
| AZTA Stock | USD 51.70 0.11 0.21% |
| Symbol | Azenta |
Azenta Inc Price To Book Ratio
Is Life Sciences Tools & 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 Azenta. If investors know Azenta 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 Azenta 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 87.778 | Earnings Share (3.09) | Revenue Per Share | Quarterly Revenue Growth (0.01) | Return On Assets |
The market value of Azenta Inc is measured differently than its book value, which is the value of Azenta that is recorded on the company's balance sheet. Investors also form their own opinion of Azenta's value that differs from its market value or its book value, called intrinsic value, which is Azenta'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 Azenta's market value can be influenced by many factors that don't directly affect Azenta'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 Azenta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azenta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azenta'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.
Azenta '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 Azenta'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 Azenta.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Azenta on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Azenta Inc or generate 0.0% return on investment in Azenta over 30 days. Azenta is related to or competes with Akoya Biosciences, AtriCure, ICU Medical, Haemonetics, Merit Medical, AngioDynamics, and AptarGroup. Azenta, Inc. provides life science sample exploration and management solutions for the life sciences market in North Ame... More
Azenta 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 Azenta'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 Azenta Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.0429 | |||
| Maximum Drawdown | 13.25 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 4.09 |
Azenta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azenta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azenta's standard deviation. In reality, there are many statistical measures that can use Azenta historical prices to predict the future Azenta's volatility.| Risk Adjusted Performance | 0.0494 | |||
| Jensen Alpha | 0.1228 | |||
| Total Risk Alpha | 0.0729 | |||
| Sortino Ratio | 0.0526 | |||
| Treynor Ratio | 0.2756 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Azenta'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.
Azenta Inc Backtested Returns
Azenta appears to be very steady, given 3 months investment horizon. Azenta Inc secures Sharpe Ratio (or Efficiency) of 0.0912, which signifies that the company had a 0.0912% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Azenta Inc, which you can use to evaluate the volatility of the firm. Please makes use of Azenta's mean deviation of 1.87, and Risk Adjusted Performance of 0.0494 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Azenta holds a performance score of 7. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Azenta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Azenta is expected to be smaller as well. Please check Azenta's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Azenta's price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Azenta Inc has good predictability. Overlapping area represents the amount of predictability between Azenta time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 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 Azenta Inc price movement. The serial correlation of 0.69 indicates that around 69.0% of current Azenta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Azenta Inc lagged returns against current returns
Autocorrelation, which is Azenta 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 Azenta's stock expected returns. We can calculate the autocorrelation of Azenta returns to help us make a trade decision. For example, suppose you find that Azenta 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 |
Azenta 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 Azenta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azenta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azenta stock over time.
Current vs Lagged Prices |
| Timeline |
Azenta Lagged Returns
When evaluating Azenta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azenta stock have on its future price. Azenta 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, Azenta autocorrelation shows the relationship between Azenta stock current value and its past values and can show if there is a momentum factor associated with investing in Azenta Inc.
Regressed Prices |
| Timeline |
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Azenta 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.