Aaon Inc Stock Market Value
| AAON Stock | USD 89.67 1.11 1.25% |
| Symbol | AAON |
AAON Inc Price To Book Ratio
Is AAON'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 AAON. If investors know AAON 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 AAON 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 (0.69) | Dividend Share 0.32 | Earnings Share 2.13 | Revenue Per Share 14.398 | Quarterly Revenue Growth 0.168 |
The market value of AAON Inc is measured differently than its book value, which is the value of AAON that is recorded on the company's balance sheet. Investors also form their own opinion of AAON's value that differs from its market value or its book value, called intrinsic value, which is AAON'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 AAON's market value can be influenced by many factors that don't directly affect AAON'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 AAON's value and its price as these two are different measures arrived at by different means. Investors typically determine if AAON is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AAON'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.
AAON '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 AAON'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 AAON.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in AAON on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding AAON Inc or generate 0.0% return on investment in AAON over 30 days. AAON is related to or competes with Johnson Controls, Masco, Carlisle Companies, Fortune Brands, Trane Technologies, Masonite International, and Janus International. AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioni... More
AAON 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 AAON'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 AAON Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.1311 | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 3.89 |
AAON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AAON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AAON's standard deviation. In reality, there are many statistical measures that can use AAON historical prices to predict the future AAON's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.211 | |||
| Total Risk Alpha | 0.0732 | |||
| Sortino Ratio | 0.1256 | |||
| Treynor Ratio | 0.2032 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AAON'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.
AAON Inc Backtested Returns
AAON appears to be very steady, given 3 months investment horizon. AAON Inc secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AAON Inc, which you can use to evaluate the volatility of the entity. Please makes use of AAON's Semi Deviation of 1.78, mean deviation of 1.65, and Coefficient Of Variation of 568.1 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AAON holds a performance score of 15. The firm shows a Beta (market volatility) of 1.79, 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, AAON will likely underperform. Please check AAON's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether AAON's price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
AAON Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between AAON time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 AAON Inc price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current AAON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
AAON Inc lagged returns against current returns
Autocorrelation, which is AAON 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 AAON's stock expected returns. We can calculate the autocorrelation of AAON returns to help us make a trade decision. For example, suppose you find that AAON 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 |
AAON 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 AAON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AAON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AAON stock over time.
Current vs Lagged Prices |
| Timeline |
AAON Lagged Returns
When evaluating AAON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AAON stock have on its future price. AAON 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, AAON autocorrelation shows the relationship between AAON stock current value and its past values and can show if there is a momentum factor associated with investing in AAON Inc.
Regressed Prices |
| Timeline |
AAON Investors Sentiment
The influence of AAON's 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 AAON. 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 AAON's public news can be used to forecast risks associated with an investment in AAON. The trend in average sentiment can be used to explain how an investor holding AAON can time the market purely based on public headlines and social activities around AAON Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
AAON's 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 AAON's 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 AAON's news discussions. The higher the estimated score, the more favorable is the investor's outlook on AAON.
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 AAON 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, AAON's short interest history, or implied volatility extrapolated from AAON options trading.
Pair Trading with AAON
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 AAON 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 AAON will appreciate offsetting losses from the drop in the long position's value.Moving together with AAON Stock
| 0.85 | NX | Quanex Building Products Financial Report 6th of June 2024 | PairCorr |
| 0.9 | TT | Trane Technologies plc Earnings Call This Week | PairCorr |
| 0.89 | DOOR | Masonite International Financial Report 13th of May 2024 | PairCorr |
| 0.7 | VKSC | Viskase Companies | PairCorr |
Moving against AAON Stock
| 0.52 | PPIH | Perma Pipe Internati Earnings Call Today | PairCorr |
| 0.42 | ROCK | Gibraltar Industries Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to AAON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AAON 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 AAON - 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 AAON Inc to buy it.
The correlation of AAON 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 AAON moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AAON Inc 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 AAON 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 AAON Correlation, AAON Volatility and AAON Alpha and Beta module to complement your research on AAON. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for AAON Stock analysis
When running AAON's price analysis, check to measure AAON'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 AAON is operating at the current time. Most of AAON's value examination focuses on studying past and present price action to predict the probability of AAON's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AAON's price. Additionally, you may evaluate how the addition of AAON to your portfolios can decrease your overall portfolio volatility.
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AAON 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.