Arts Way Manufacturing Co Stock Market Value

ARTW Stock  USD 2.10  0.01  0.48%   
Arts Way's market value is the price at which a share of Arts Way trades on a public exchange. It measures the collective expectations of Arts Way Manufacturing Co investors about its performance. Arts Way is selling for under 2.10 as of the 28th of March 2024; that is 0.48 percent increase since the beginning of the trading day. The stock's lowest day price was 2.03.
With this module, you can estimate the performance of a buy and hold strategy of Arts Way Manufacturing Co and determine expected loss or profit from investing in Arts Way over a given investment horizon. Check out Arts Way Correlation, Arts Way Volatility and Arts Way Alpha and Beta module to complement your research on Arts Way.
Symbol

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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
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.

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.
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.
Hype
Prediction
LowEstimatedHigh
0.102.095.32
Details
Intrinsic
Valuation
LowRealHigh
0.091.754.98
Details
Naive
Forecast
LowNextHigh
0.042.115.34
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.982.052.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Arts Way. Your research has to be compared to or analyzed against Arts Way's peers to derive any actionable benefits. When done correctly, Arts Way's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Arts-Way Manufacturing.

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 Coefficient0.08
Spearman Rank Test-0.24
Residual Average0.0
Price Variance0.0

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.
Pair CorrelationCorrelation Matching
When determining whether Arts-Way Manufacturing is a strong investment it is important to analyze Arts Way's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Arts Way's future performance. For an informed investment choice regarding Arts Stock, refer to the following important reports:
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.
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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.
A focus of Arts Way technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Arts Way trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...