American Shared Hospital Stock Market Value
| AMS Stock | USD 3.01 0.02 0.67% |
| Symbol | American |
American Shared Hospital Price To Book Ratio
Is American Shared's industry 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 American Shared. If investors know American 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 American Shared 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 0.624 | Earnings Share 0.1 | Revenue Per Share 3.354 | Quarterly Revenue Growth 0.131 | Return On Assets 0.0315 |
The market value of American Shared Hospital is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Shared's value that differs from its market value or its book value, called intrinsic value, which is American Shared'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 American Shared's market value can be influenced by many factors that don't directly affect American Shared'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 American Shared's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Shared is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Shared'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 Shared '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 Shared'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 American Shared.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in American Shared on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding American Shared Hospital or generate 0.0% return on investment in American Shared over 60 days. American Shared is related to or competes with Ramsay Health, Medical Facilities, Fresenius, Concord Medical, Sonida Senior, Oncology Institute, and Joint Corp. American Shared Hospital Services leases radiosurgery and radiation therapy equipment to health care providers More
American Shared 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 Shared'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 American Shared Hospital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0502 | |||
| Maximum Drawdown | 12.34 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 3.0 |
American Shared Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Shared's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Shared's standard deviation. In reality, there are many statistical measures that can use American Shared historical prices to predict the future American Shared's volatility.| Risk Adjusted Performance | 0.0639 | |||
| Jensen Alpha | 0.1288 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0583 | |||
| Treynor Ratio | 0.2859 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Shared'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.
American Shared Hospital Backtested Returns
We consider American Shared moderately volatile. American Shared Hospital secures Sharpe Ratio (or Efficiency) of 0.0841, which signifies that the company had a 0.0841% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for American Shared Hospital, which you can use to evaluate the volatility of the firm. Please confirm American Shared's risk adjusted performance of 0.0639, and Mean Deviation of 1.35 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. American Shared has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, American Shared's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Shared is expected to be smaller as well. American Shared Hospital right now shows a risk of 2.02%. Please confirm American Shared Hospital maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if American Shared Hospital will be following its price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
American Shared Hospital has poor reverse predictability. Overlapping area represents the amount of predictability between American Shared time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd of April 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 American Shared Hospital price movement. The serial correlation of -0.37 indicates that just about 37.0% of current American Shared price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
American Shared Hospital lagged returns against current returns
Autocorrelation, which is American Shared 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 American Shared's stock expected returns. We can calculate the autocorrelation of American Shared returns to help us make a trade decision. For example, suppose you find that American Shared 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 |
American Shared 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 Shared stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Shared stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Shared stock over time.
Current vs Lagged Prices |
| Timeline |
American Shared Lagged Returns
When evaluating American Shared's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Shared stock have on its future price. American Shared 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 Shared autocorrelation shows the relationship between American Shared stock current value and its past values and can show if there is a momentum factor associated with investing in American Shared Hospital.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards American Shared in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, American Shared's short interest history, or implied volatility extrapolated from American Shared options trading.
Pair Trading with American Shared
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 American Shared 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 American Shared will appreciate offsetting losses from the drop in the long position's value.Moving against American Stock
| 0.7 | NRC | National Research Corp | PairCorr |
| 0.67 | HCAT | Health Catalyst Financial Report 14th of May 2024 | PairCorr |
| 0.65 | HSTM | HealthStream | PairCorr |
| 0.6 | FONR | Fonar | PairCorr |
| 0.52 | SSY | SunLink Health Systems | PairCorr |
The ability to find closely correlated positions to American Shared could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Shared 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 American Shared - 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 American Shared Hospital to buy it.
The correlation of American Shared 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 American Shared moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Shared Hospital 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 American Shared 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.Check out American Shared Correlation, American Shared Volatility and American Shared Alpha and Beta module to complement your research on American Shared. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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When running American Shared's price analysis, check to measure American Shared'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 American Shared is operating at the current time. Most of American Shared's value examination focuses on studying past and present price action to predict the probability of American Shared's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Shared's price. Additionally, you may evaluate how the addition of American Shared to your portfolios can decrease your overall portfolio volatility.
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American Shared 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.