Axcelis Technologies Stock Beta
| ACLS Stock | USD 111.45 4.81 4.51% |
Axcelis Technologies fundamentals help investors to digest information that contributes to Axcelis Technologies' financial success or failures. It also enables traders to predict the movement of Axcelis Stock. The fundamental analysis module provides a way to measure Axcelis Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Axcelis Technologies stock.
Axcelis | Beta |
Axcelis Technologies Company Beta Analysis
Axcelis Technologies' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Axcelis Technologies Beta | 1.63 |
Most of Axcelis Technologies' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Axcelis Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Axcelis Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Axcelis Technologies is extremely important. It helps to project a fair market value of Axcelis Stock properly, considering its historical fundamentals such as Beta. Since Axcelis Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Axcelis Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Axcelis Technologies' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Axcelis Technologies has a Beta of 1.634. This is 54.15% higher than that of the Semiconductors & Semiconductor Equipment sector and 47.21% higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Axcelis Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Axcelis Technologies' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Axcelis Technologies could also be used in its relative valuation, which is a method of valuing Axcelis Technologies by comparing valuation metrics of similar companies.Axcelis Technologies is currently under evaluation in beta category among related companies.
Axcelis Technologies Institutional Holders
Institutional Holdings refers to the ownership stake in Axcelis Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Axcelis Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Axcelis Technologies' value.| Shares | T. Rowe Price Associates, Inc. | 2023-12-31 | 463.5 K | Norges Bank | 2023-12-31 | 440.3 K | Charles Schwab Investment Management Inc | 2023-12-31 | 431.1 K | Northern Trust Corp | 2023-12-31 | 375.6 K | Arrowstreet Capital Limited Partnership | 2023-12-31 | 341.6 K | Reinhart Mahoney Capital Management Inc | 2024-03-31 | 339.6 K | Jackson Square Partners, Llc | 2023-12-31 | 330.7 K | Qube Research & Technologies | 2023-12-31 | 328.6 K | Amvescap Plc. | 2023-12-31 | 328.4 K | Blackrock Inc | 2023-12-31 | 6.1 M | Vanguard Group Inc | 2023-12-31 | 4 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Axcelis Technologies will likely underperform.
Axcelis Fundamentals
| Return On Equity | 0.31 | ||||
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.22 % | ||||
| Operating Margin | 0.22 % | ||||
| Current Valuation | 3.15 B | ||||
| Shares Outstanding | 32.53 M | ||||
| Shares Owned By Insiders | 1.00 % | ||||
| Shares Owned By Institutions | 94.10 % | ||||
| Number Of Shares Shorted | 2.02 M | ||||
| Price To Earning | 54.37 X | ||||
| Price To Book | 3.94 X | ||||
| Price To Sales | 3.02 X | ||||
| Revenue | 1.13 B | ||||
| Gross Profit | 401.79 M | ||||
| EBITDA | 278.86 M | ||||
| Net Income | 246.26 M | ||||
| Cash And Equivalents | 185.59 M | ||||
| Cash Per Share | 8.69 X | ||||
| Total Debt | 75.89 M | ||||
| Debt To Equity | 0.1 % | ||||
| Current Ratio | 4.44 X | ||||
| Book Value Per Share | 27.66 X | ||||
| Cash Flow From Operations | 156.87 M | ||||
| Short Ratio | 3.91 X | ||||
| Earnings Per Share | 7.57 X | ||||
| Price To Earnings To Growth | 1.23 X | ||||
| Target Price | 151.0 | ||||
| Number Of Employees | 1.62 K | ||||
| Beta | 1.63 | ||||
| Market Capitalization | 3.63 B | ||||
| Total Asset | 1.28 B | ||||
| Retained Earnings | 319.51 M | ||||
| Working Capital | 794.86 M | ||||
| Current Asset | 229.96 M | ||||
| Current Liabilities | 44.37 M | ||||
| Net Asset | 1.28 B |
About Axcelis Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Axcelis Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Axcelis Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Axcelis Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Axcelis Technologies Investors Sentiment
The influence of Axcelis Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Axcelis. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Axcelis Technologies' public news can be used to forecast risks associated with an investment in Axcelis. The trend in average sentiment can be used to explain how an investor holding Axcelis can time the market purely based on public headlines and social activities around Axcelis Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Axcelis Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Axcelis Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Axcelis Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Axcelis Technologies.
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 Axcelis Technologies 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, Axcelis Technologies' short interest history, or implied volatility extrapolated from Axcelis Technologies options trading.
Pair Trading with Axcelis Technologies
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 Axcelis Technologies 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 Axcelis Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Axcelis Stock
| 0.8 | MX | MagnaChip Semiconductor | PairCorr |
| 0.63 | ON | ON Semiconductor Financial Report 6th of May 2024 | PairCorr |
Moving against Axcelis Stock
| 0.72 | MTSI | MACOM Technology Sol Fiscal Year End 14th of November 2024 | PairCorr |
| 0.64 | MU | Micron Technology Financial Report 26th of June 2024 | PairCorr |
| 0.55 | TSM | Taiwan Semiconductor Financial Report 18th of July 2024 | PairCorr |
| 0.44 | KLAC | KLA Tencor Financial Report 25th of July 2024 | PairCorr |
The ability to find closely correlated positions to Axcelis Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axcelis Technologies 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 Axcelis Technologies - 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 Axcelis Technologies to buy it.
The correlation of Axcelis Technologies 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 Axcelis Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axcelis Technologies 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 Axcelis Technologies 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 Axcelis Technologies Piotroski F Score and Axcelis Technologies Altman Z Score analysis. For more information on how to buy Axcelis Stock please use our How to Invest in Axcelis Technologies guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Axcelis Stock analysis
When running Axcelis Technologies' price analysis, check to measure Axcelis Technologies' 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 Axcelis Technologies is operating at the current time. Most of Axcelis Technologies' value examination focuses on studying past and present price action to predict the probability of Axcelis Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axcelis Technologies' price. Additionally, you may evaluate how the addition of Axcelis Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Axcelis Technologies' 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 Axcelis Technologies. If investors know Axcelis 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 Axcelis Technologies 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 0.098 | Earnings Share 7.57 | Revenue Per Share 34.491 | Quarterly Revenue Growth (0.01) | Return On Assets 0.1419 |
The market value of Axcelis Technologies is measured differently than its book value, which is the value of Axcelis that is recorded on the company's balance sheet. Investors also form their own opinion of Axcelis Technologies' value that differs from its market value or its book value, called intrinsic value, which is Axcelis Technologies' 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 Axcelis Technologies' market value can be influenced by many factors that don't directly affect Axcelis Technologies' 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 Axcelis Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Axcelis Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axcelis Technologies' 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.