Atlantica Sustainable Infrastructure Stock Market Value
AY Stock | USD 18.48 0.30 1.65% |
Symbol | Atlantica |
Atlantica Sustainable Price To Book Ratio
Is Atlantica Sustainable'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 Atlantica Sustainable. If investors know Atlantica 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 Atlantica Sustainable 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 1.224 | Dividend Share 1.78 | Earnings Share 0.37 | Revenue Per Share 9.509 | Quarterly Revenue Growth 0.009 |
The market value of Atlantica Sustainable is measured differently than its book value, which is the value of Atlantica that is recorded on the company's balance sheet. Investors also form their own opinion of Atlantica Sustainable's value that differs from its market value or its book value, called intrinsic value, which is Atlantica Sustainable'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 Atlantica Sustainable's market value can be influenced by many factors that don't directly affect Atlantica Sustainable'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 Atlantica Sustainable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlantica Sustainable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlantica Sustainable'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.
Atlantica Sustainable '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 Atlantica Sustainable'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 Atlantica Sustainable.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Atlantica Sustainable on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Atlantica Sustainable Infrastructure or generate 0.0% return on investment in Atlantica Sustainable over 30 days. Atlantica Sustainable is related to or competes with Excelerate Energy, Verde Clean, ReNew Energy, Eco Wave, Enlight Renewable, Energy Vault, and Fluence Energy. Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, ... More
Atlantica Sustainable 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 Atlantica Sustainable'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 Atlantica Sustainable Infrastructure upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.21) | |||
Maximum Drawdown | 6.45 | |||
Value At Risk | (2.78) | |||
Potential Upside | 2.7 |
Atlantica Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlantica Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlantica Sustainable's standard deviation. In reality, there are many statistical measures that can use Atlantica Sustainable historical prices to predict the future Atlantica Sustainable's volatility.Risk Adjusted Performance | (0.06) | |||
Jensen Alpha | (0.34) | |||
Total Risk Alpha | (0.54) | |||
Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlantica Sustainable'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.
Atlantica Sustainable Backtested Returns
Atlantica Sustainable secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Atlantica Sustainable Infrastructure exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlantica Sustainable's Standard Deviation of 1.54, mean deviation of 1.15, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.18, 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, Atlantica Sustainable will likely underperform. Atlantica Sustainable has an expected return of -0.18%. Please make sure to confirm Atlantica Sustainable maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Atlantica Sustainable performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Atlantica Sustainable Infrastructure has very good predictability. Overlapping area represents the amount of predictability between Atlantica Sustainable time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th 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 Atlantica Sustainable price movement. The serial correlation of 0.84 indicates that around 84.0% of current Atlantica Sustainable price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.84 | |
Spearman Rank Test | 0.71 | |
Residual Average | 0.0 | |
Price Variance | 0.2 |
Atlantica Sustainable lagged returns against current returns
Autocorrelation, which is Atlantica Sustainable 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 Atlantica Sustainable's stock expected returns. We can calculate the autocorrelation of Atlantica Sustainable returns to help us make a trade decision. For example, suppose you find that Atlantica Sustainable 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 |
Atlantica Sustainable 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 Atlantica Sustainable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlantica Sustainable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlantica Sustainable stock over time.
Current vs Lagged Prices |
Timeline |
Atlantica Sustainable Lagged Returns
When evaluating Atlantica Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlantica Sustainable stock have on its future price. Atlantica Sustainable 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, Atlantica Sustainable autocorrelation shows the relationship between Atlantica Sustainable stock current value and its past values and can show if there is a momentum factor associated with investing in Atlantica Sustainable Infrastructure.
Regressed Prices |
Timeline |
Pair Trading with Atlantica Sustainable
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 Atlantica Sustainable 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 Atlantica Sustainable will appreciate offsetting losses from the drop in the long position's value.Moving together with Atlantica Stock
0.91 | RNWWW | ReNew Energy Global | PairCorr |
0.88 | ELIQ | Electriq Power Holdings Symbol Change | PairCorr |
Moving against Atlantica Stock
0.74 | BEP-PA | Brookfield Renewable | PairCorr |
0.72 | CEG | Constellation Energy Corp Sell-off Trend | PairCorr |
0.67 | VGAS | Verde Clean Fuels | PairCorr |
0.65 | ELLO | Ellomay Capital Earnings Call Today | PairCorr |
0.49 | HTOO | Fusion Fuel Green Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Atlantica Sustainable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlantica Sustainable 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 Atlantica Sustainable - 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 Atlantica Sustainable Infrastructure to buy it.
The correlation of Atlantica Sustainable 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 Atlantica Sustainable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlantica Sustainable 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 Atlantica Sustainable 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 Atlantica Sustainable Correlation, Atlantica Sustainable Volatility and Atlantica Sustainable Alpha and Beta module to complement your research on Atlantica Sustainable. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Atlantica Stock analysis
When running Atlantica Sustainable's price analysis, check to measure Atlantica Sustainable'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 Atlantica Sustainable is operating at the current time. Most of Atlantica Sustainable's value examination focuses on studying past and present price action to predict the probability of Atlantica Sustainable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlantica Sustainable's price. Additionally, you may evaluate how the addition of Atlantica Sustainable to your portfolios can decrease your overall portfolio volatility.
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Atlantica Sustainable 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.