Atrion Stock Market Value
| ATRI Stock | USD 399.83 2.52 0.63% |
| Symbol | ATRION |
ATRION Price To Book Ratio
Is ATRION'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 ATRION. If investors know ATRION 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 ATRION 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 (0.22) | Dividend Share 8.7 | Earnings Share 11.01 | Revenue Per Share 96.153 | Quarterly Revenue Growth 0.017 |
The market value of ATRION is measured differently than its book value, which is the value of ATRION that is recorded on the company's balance sheet. Investors also form their own opinion of ATRION's value that differs from its market value or its book value, called intrinsic value, which is ATRION'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 ATRION's market value can be influenced by many factors that don't directly affect ATRION'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 ATRION's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATRION is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATRION'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.
ATRION '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 ATRION'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 ATRION.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in ATRION on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding ATRION or generate 0.0% return on investment in ATRION over 270 days. ATRION is related to or competes with HealthStream, National Research, HealthEquity, Health Catalyst, and Definitive Healthcare. Atrion Corporation, together with its subsidiaries, develops, manufactures, and sells products for fluid delivery, cardi... More
ATRION 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 ATRION'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 ATRION upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.29 | |||
| Information Ratio | 0.1013 | |||
| Maximum Drawdown | 20.08 | |||
| Value At Risk | (6.26) | |||
| Potential Upside | 6.36 |
ATRION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATRION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATRION's standard deviation. In reality, there are many statistical measures that can use ATRION historical prices to predict the future ATRION's volatility.| Risk Adjusted Performance | 0.0834 | |||
| Jensen Alpha | 0.3604 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0951 | |||
| Treynor Ratio | 0.2962 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ATRION'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.
ATRION Backtested Returns
ATRION appears to be very steady, given 3 months investment horizon. ATRION secures Sharpe Ratio (or Efficiency) of 0.0978, which signifies that the company had a 0.0978% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ATRION, which you can use to evaluate the volatility of the firm. Please makes use of ATRION's mean deviation of 3.06, and Risk Adjusted Performance of 0.0834 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ATRION holds a performance score of 7. The firm shows a Beta (market volatility) of 1.63, 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, ATRION will likely underperform. Please check ATRION's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether ATRION's price patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
ATRION has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ATRION time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 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 ATRION price movement. The serial correlation of -0.71 indicates that around 71.0% of current ATRION price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1459.53 |
ATRION lagged returns against current returns
Autocorrelation, which is ATRION 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 ATRION's stock expected returns. We can calculate the autocorrelation of ATRION returns to help us make a trade decision. For example, suppose you find that ATRION 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 |
ATRION 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 ATRION stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATRION stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATRION stock over time.
Current vs Lagged Prices |
| Timeline |
ATRION Lagged Returns
When evaluating ATRION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATRION stock have on its future price. ATRION 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, ATRION autocorrelation shows the relationship between ATRION stock current value and its past values and can show if there is a momentum factor associated with investing in ATRION.
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 ATRION 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, ATRION's short interest history, or implied volatility extrapolated from ATRION options trading.
Pair Trading with ATRION
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 ATRION 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 ATRION will appreciate offsetting losses from the drop in the long position's value.Moving together with ATRION Stock
| 0.72 | FORA | Forian Inc Financial Report 10th of May 2024 | PairCorr |
Moving against ATRION Stock
| 0.79 | SRDX | SurModics Financial Report 24th of April 2024 | PairCorr |
| 0.76 | GH | Guardant Health Upward Rally | PairCorr |
| 0.76 | SIBN | Si Bone Financial Report 6th of May 2024 | PairCorr |
| 0.74 | ICCM | Icecure Medical Financial Report 27th of May 2024 | PairCorr |
| 0.7 | SINT | SINTX Technologies | PairCorr |
The ability to find closely correlated positions to ATRION could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATRION 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 ATRION - 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 ATRION to buy it.
The correlation of ATRION 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 ATRION moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATRION 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 ATRION 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 ATRION Correlation, ATRION Volatility and ATRION Alpha and Beta module to complement your research on ATRION. For more detail on how to invest in ATRION Stock please use our How to Invest in ATRION guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for ATRION Stock analysis
When running ATRION's price analysis, check to measure ATRION'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 ATRION is operating at the current time. Most of ATRION's value examination focuses on studying past and present price action to predict the probability of ATRION's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATRION's price. Additionally, you may evaluate how the addition of ATRION to your portfolios can decrease your overall portfolio volatility.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Stocks Directory Find actively traded stocks across global markets | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
ATRION 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.