Aeye Inc Stock Market Value
| LIDR Stock | USD 1.07 0.02 1.83% |
| Symbol | Aeye |
Aeye Inc Price To Book Ratio
Is Automotive Parts & Equipment 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 Aeye. If investors know Aeye 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 Aeye listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.51) | Revenue Per Share 0.049 | Quarterly Revenue Growth (0.94) | Return On Assets (0.42) | Return On Equity (1.46) |
The market value of Aeye Inc is measured differently than its book value, which is the value of Aeye that is recorded on the company's balance sheet. Investors also form their own opinion of Aeye's value that differs from its market value or its book value, called intrinsic value, which is Aeye'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 Aeye's market value can be influenced by many factors that don't directly affect Aeye'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 Aeye's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aeye is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aeye'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.
Aeye '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 Aeye'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 Aeye.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Aeye on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Aeye Inc or generate 0.0% return on investment in Aeye over 30 days. Aeye is related to or competes with Innoviz Technologies, Luminar Technologies, Hesai Group, Mobileye Global, Aeva Technologies, Quantumscape Corp, and Hyliion Holdings. AEye, Inc. provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applicati... More
Aeye 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 Aeye'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 Aeye Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (5.74) | |||
| Potential Upside | 7.55 |
Aeye Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aeye's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aeye's standard deviation. In reality, there are many statistical measures that can use Aeye historical prices to predict the future Aeye's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aeye'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.
Aeye Inc Backtested Returns
Aeye Inc secures Sharpe Ratio (or Efficiency) of -0.0199, which signifies that the company had a -0.0199% return per unit of risk over the last 3 months. Aeye Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aeye's Standard Deviation of 4.17, mean deviation of 3.14, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.25, 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, Aeye will likely underperform. At this point, Aeye Inc has a negative expected return of -0.0836%. Please make sure to confirm Aeye's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Aeye Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Aeye Inc has below average predictability. Overlapping area represents the amount of predictability between Aeye time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Aeye Inc price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Aeye price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aeye Inc lagged returns against current returns
Autocorrelation, which is Aeye 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 Aeye's stock expected returns. We can calculate the autocorrelation of Aeye returns to help us make a trade decision. For example, suppose you find that Aeye 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 |
Aeye 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 Aeye stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aeye stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aeye stock over time.
Current vs Lagged Prices |
| Timeline |
Aeye Lagged Returns
When evaluating Aeye's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aeye stock have on its future price. Aeye 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, Aeye autocorrelation shows the relationship between Aeye stock current value and its past values and can show if there is a momentum factor associated with investing in Aeye Inc.
Regressed Prices |
| Timeline |
Pair Trading with Aeye
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 Aeye 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 Aeye will appreciate offsetting losses from the drop in the long position's value.Moving against Aeye Stock
| 0.56 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.54 | FLYW | Flywire Corp | PairCorr |
| 0.51 | SQ | Block Inc Sell-off Trend | PairCorr |
| 0.48 | FFIV | F5 Networks | PairCorr |
| 0.46 | GB | Global Blue Group | PairCorr |
The ability to find closely correlated positions to Aeye could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aeye 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 Aeye - 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 Aeye Inc to buy it.
The correlation of Aeye 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 Aeye moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aeye Inc 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 Aeye 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 Aeye Stock Analysis
When running Aeye's price analysis, check to measure Aeye'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 Aeye is operating at the current time. Most of Aeye's value examination focuses on studying past and present price action to predict the probability of Aeye's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aeye's price. Additionally, you may evaluate how the addition of Aeye to your portfolios can decrease your overall portfolio volatility.