Angi Homeservices Stock Market Value
| ANGI Stock | USD 2.09 0.05 2.45% |
| Symbol | ANGI |
ANGI Homeservices Price To Book Ratio
Is ANGI Homeservices' 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 ANGI Homeservices. If investors know ANGI 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 ANGI Homeservices 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 (0.75) | Earnings Share (0.06) | Revenue Per Share 2.686 | Quarterly Revenue Growth (0.32) | Return On Assets (0.01) |
The market value of ANGI Homeservices is measured differently than its book value, which is the value of ANGI that is recorded on the company's balance sheet. Investors also form their own opinion of ANGI Homeservices' value that differs from its market value or its book value, called intrinsic value, which is ANGI Homeservices' 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 ANGI Homeservices' market value can be influenced by many factors that don't directly affect ANGI Homeservices' 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 ANGI Homeservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if ANGI Homeservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ANGI Homeservices' 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.
ANGI Homeservices '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 ANGI Homeservices' 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 ANGI Homeservices.
| 10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in ANGI Homeservices on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding ANGI Homeservices or generate 0.0% return on investment in ANGI Homeservices over 180 days. ANGI Homeservices is related to or competes with Twilio, and Tencent Holdings. Angi Inc. connects home service professionals with consumers in the United States and internationally More
ANGI Homeservices 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 ANGI Homeservices' 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 ANGI Homeservices upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 26.87 | |||
| Value At Risk | (5.70) | |||
| Potential Upside | 4.31 |
ANGI Homeservices Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANGI Homeservices' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANGI Homeservices' standard deviation. In reality, there are many statistical measures that can use ANGI Homeservices historical prices to predict the future ANGI Homeservices' volatility.| Risk Adjusted Performance | 0.0105 | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0012 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ANGI Homeservices' 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.
ANGI Homeservices Backtested Returns
ANGI Homeservices secures Sharpe Ratio (or Efficiency) of -0.0392, which signifies that the company had a -0.0392% return per unit of risk over the last 3 months. ANGI Homeservices exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ANGI Homeservices' Downside Deviation of 3.59, risk adjusted performance of 0.0105, and Mean Deviation of 2.65 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.68, 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, ANGI Homeservices will likely underperform. ANGI Homeservices has an expected return of -0.15%. Please make sure to confirm ANGI Homeservices downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if ANGI Homeservices performance from the past will be repeated in the future.
Auto-correlation | 0.15 |
Insignificant predictability
ANGI Homeservices has insignificant predictability. Overlapping area represents the amount of predictability between ANGI Homeservices time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th 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 ANGI Homeservices price movement. The serial correlation of 0.15 indicates that less than 15.0% of current ANGI Homeservices price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
ANGI Homeservices lagged returns against current returns
Autocorrelation, which is ANGI Homeservices 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 ANGI Homeservices' stock expected returns. We can calculate the autocorrelation of ANGI Homeservices returns to help us make a trade decision. For example, suppose you find that ANGI Homeservices 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 |
ANGI Homeservices 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 ANGI Homeservices stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANGI Homeservices stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANGI Homeservices stock over time.
Current vs Lagged Prices |
| Timeline |
ANGI Homeservices Lagged Returns
When evaluating ANGI Homeservices' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANGI Homeservices stock have on its future price. ANGI Homeservices 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, ANGI Homeservices autocorrelation shows the relationship between ANGI Homeservices stock current value and its past values and can show if there is a momentum factor associated with investing in ANGI Homeservices.
Regressed Prices |
| Timeline |
Pair Trading with ANGI Homeservices
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 ANGI Homeservices 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 ANGI Homeservices will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ANGI Homeservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANGI Homeservices 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 ANGI Homeservices - 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 ANGI Homeservices to buy it.
The correlation of ANGI Homeservices 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 ANGI Homeservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANGI Homeservices 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 ANGI Homeservices 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 ANGI Homeservices Correlation, ANGI Homeservices Volatility and ANGI Homeservices Alpha and Beta module to complement your research on ANGI Homeservices. For more detail on how to invest in ANGI Stock please use our How to Invest in ANGI Homeservices guide.Note that the ANGI Homeservices information on this page should be used as a complementary analysis to other ANGI Homeservices' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for ANGI Stock analysis
When running ANGI Homeservices' price analysis, check to measure ANGI Homeservices' 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 ANGI Homeservices is operating at the current time. Most of ANGI Homeservices' value examination focuses on studying past and present price action to predict the probability of ANGI Homeservices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANGI Homeservices' price. Additionally, you may evaluate how the addition of ANGI Homeservices to your portfolios can decrease your overall portfolio volatility.
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ANGI Homeservices 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.