AMERICAN's market value is the price at which a share of AMERICAN trades on an exchange. It measures the collective expectations of AMERICAN TOWER P investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of AMERICAN TOWER P and determine expected loss or profit from investing in AMERICAN over a given investment horizon. Check out AMERICAN Correlation, AMERICAN Volatility and AMERICAN Alpha and Beta module to complement your research on AMERICAN.
Please note, there is a significant difference between AMERICAN's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMERICAN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMERICAN'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.
AMERICAN '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 AMERICAN's bond 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 AMERICAN.
0.00
01/13/2024
No Change 0.00
0.0
In 11 months and 27 days
01/07/2025
0.00
If you would invest 0.00 in AMERICAN on January 13, 2024 and sell it all today you would earn a total of 0.00 from holding AMERICAN TOWER P or generate 0.0% return on investment in AMERICAN over 360 days. AMERICAN is related to or competes with Xunlei, ON24, ServiceNow, Qualys, Joint Stock, Q2 Holdings, and Bill. More
AMERICAN 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 AMERICAN's bond 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 AMERICAN TOWER P upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMERICAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMERICAN's standard deviation. In reality, there are many statistical measures that can use AMERICAN historical prices to predict the future AMERICAN's volatility.
AMERICAN TOWER P secures Sharpe Ratio (or Efficiency) of -0.085, which signifies that the bond had a -0.085% return per unit of risk over the last 3 months. AMERICAN TOWER P exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AMERICAN's Mean Deviation of 0.208, risk adjusted performance of (0.03), and Standard Deviation of 0.4666 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0393, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AMERICAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding AMERICAN is expected to be smaller as well.
Auto-correlation
0.24
Weak predictability
AMERICAN TOWER P has weak predictability. Overlapping area represents the amount of predictability between AMERICAN time series from 13th of January 2024 to 11th of July 2024 and 11th of July 2024 to 7th 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 AMERICAN TOWER P price movement. The serial correlation of 0.24 indicates that over 24.0% of current AMERICAN price fluctuation can be explain by its past prices.
Correlation Coefficient
0.24
Spearman Rank Test
0.45
Residual Average
0.0
Price Variance
0.07
AMERICAN TOWER P lagged returns against current returns
Autocorrelation, which is AMERICAN bond'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 AMERICAN's bond expected returns. We can calculate the autocorrelation of AMERICAN returns to help us make a trade decision. For example, suppose you find that AMERICAN has exhibited high autocorrelation historically, and you observe that the bond 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
AMERICAN 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 AMERICAN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMERICAN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMERICAN bond over time.
Current vs Lagged Prices
Timeline
AMERICAN Lagged Returns
When evaluating AMERICAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMERICAN bond have on its future price. AMERICAN 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, AMERICAN autocorrelation shows the relationship between AMERICAN bond current value and its past values and can show if there is a momentum factor associated with investing in AMERICAN TOWER P.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
AMERICAN financial ratios help investors to determine whether AMERICAN Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AMERICAN with respect to the benefits of owning AMERICAN security.