Arts Way Manufacturing Co Stock Market Value
ARTW Stock | USD 2.10 0.01 0.48% |
Symbol | Arts |
Arts-Way Manufacturing Price To Book Ratio
Is Arts Way'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 Arts Way. If investors know Arts 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 Arts Way 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 0.584 | Earnings Share 0.15 | Revenue Per Share 6.053 | Quarterly Revenue Growth 0.036 | Return On Assets 0.0396 |
The market value of Arts-Way Manufacturing is measured differently than its book value, which is the value of Arts that is recorded on the company's balance sheet. Investors also form their own opinion of Arts Way's value that differs from its market value or its book value, called intrinsic value, which is Arts Way'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 Arts Way's market value can be influenced by many factors that don't directly affect Arts Way'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 Arts Way's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arts Way is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arts Way'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.
Arts Way '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 Arts Way'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 Arts Way.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Arts Way on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Arts Way Manufacturing Co or generate 0.0% return on investment in Arts Way over 30 days. Arts Way is related to or competes with GreenPower, Hyster Yale, Manitex International, NikolaCorp, Alamo, Caterpillar, and Lion Electric. Arts-Way Manufacturing Co., Inc. manufactures and sells agricultural equipment, specialized modular science buildings, a... More
Arts Way 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 Arts Way'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 Arts Way Manufacturing Co upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 3.19 | |||
Information Ratio | (0.03) | |||
Maximum Drawdown | 19.83 | |||
Value At Risk | (4.31) | |||
Potential Upside | 4.43 |
Arts Way Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arts Way's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arts Way's standard deviation. In reality, there are many statistical measures that can use Arts Way historical prices to predict the future Arts Way's volatility.Risk Adjusted Performance | 0.018 | |||
Jensen Alpha | 0.0471 | |||
Total Risk Alpha | (0.66) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | (3.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Arts Way'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.
Arts-Way Manufacturing Backtested Returns
We consider Arts Way very risky. Arts-Way Manufacturing secures Sharpe Ratio (or Efficiency) of 0.0229, which signifies that the company had a 0.0229% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Arts Way Manufacturing Co, which you can use to evaluate the volatility of the firm. Please confirm Arts Way's Downside Deviation of 3.19, mean deviation of 2.22, and Risk Adjusted Performance of 0.018 to double-check if the risk estimate we provide is consistent with the expected return of 0.0733%. Arts Way has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0146, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Arts Way are expected to decrease at a much lower rate. During the bear market, Arts Way is likely to outperform the market. Arts-Way Manufacturing right now shows a risk of 3.2%. Please confirm Arts-Way Manufacturing potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Arts-Way Manufacturing will be following its price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Arts Way Manufacturing Co has virtually no predictability. Overlapping area represents the amount of predictability between Arts Way time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Arts-Way Manufacturing price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Arts Way price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.08 | |
Spearman Rank Test | -0.24 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Arts-Way Manufacturing lagged returns against current returns
Autocorrelation, which is Arts Way 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 Arts Way's stock expected returns. We can calculate the autocorrelation of Arts Way returns to help us make a trade decision. For example, suppose you find that Arts Way 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 |
Arts Way 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 Arts Way stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arts Way stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arts Way stock over time.
Current vs Lagged Prices |
Timeline |
Arts Way Lagged Returns
When evaluating Arts Way's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arts Way stock have on its future price. Arts Way 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, Arts Way autocorrelation shows the relationship between Arts Way stock current value and its past values and can show if there is a momentum factor associated with investing in Arts Way Manufacturing Co.
Regressed Prices |
Timeline |
Pair Trading with Arts Way
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 Arts Way 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 Arts Way will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Arts Way could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arts Way 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 Arts Way - 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 Arts Way Manufacturing Co to buy it.
The correlation of Arts Way 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 Arts Way moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arts-Way Manufacturing 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 Arts Way 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 Arts Way Correlation, Arts Way Volatility and Arts Way Alpha and Beta module to complement your research on Arts Way. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Arts Stock analysis
When running Arts Way's price analysis, check to measure Arts Way'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 Arts Way is operating at the current time. Most of Arts Way's value examination focuses on studying past and present price action to predict the probability of Arts Way's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arts Way's price. Additionally, you may evaluate how the addition of Arts Way to your portfolios can decrease your overall portfolio volatility.
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |
Arts Way 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.