Avangrid Stock Market Value
| AGR Stock | USD 36.24 0.20 0.55% |
| Symbol | Avangrid |
Avangrid Price To Book Ratio
Is Avangrid'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 Avangrid. If investors know Avangrid 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 Avangrid 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 1.773 | Dividend Share 1.76 | Earnings Share 2.03 | Revenue Per Share 21.481 | Quarterly Revenue Growth 0.057 |
The market value of Avangrid is measured differently than its book value, which is the value of Avangrid that is recorded on the company's balance sheet. Investors also form their own opinion of Avangrid's value that differs from its market value or its book value, called intrinsic value, which is Avangrid'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 Avangrid's market value can be influenced by many factors that don't directly affect Avangrid'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 Avangrid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avangrid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avangrid'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.
Avangrid '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 Avangrid'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 Avangrid.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Avangrid on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Avangrid or generate 0.0% return on investment in Avangrid over 330 days. Avangrid is related to or competes with Alliant Energy, CMS Energy, DTE Energy, Evergy Common, Entergy, IDACORP, and Pinnacle West. Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and r... More
Avangrid 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 Avangrid'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 Avangrid upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0611 | |||
| Maximum Drawdown | 14.12 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.71 |
Avangrid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avangrid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avangrid's standard deviation. In reality, there are many statistical measures that can use Avangrid historical prices to predict the future Avangrid's volatility.| Risk Adjusted Performance | 0.0622 | |||
| Jensen Alpha | 0.1103 | |||
| Total Risk Alpha | 0.0224 | |||
| Sortino Ratio | 0.0901 | |||
| Treynor Ratio | 0.1248 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avangrid'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.
Avangrid Backtested Returns
Avangrid appears to be very steady, given 3 months investment horizon. Avangrid secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Avangrid, which you can use to evaluate the volatility of the firm. Please makes use of Avangrid's mean deviation of 1.17, and Risk Adjusted Performance of 0.0622 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Avangrid holds a performance score of 10. The firm shows a Beta (market volatility) of 1.39, 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, Avangrid will likely underperform. Please check Avangrid's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Avangrid's price patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Avangrid has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Avangrid time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th 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 Avangrid price movement. The serial correlation of -0.71 indicates that around 71.0% of current Avangrid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 5.26 |
Avangrid lagged returns against current returns
Autocorrelation, which is Avangrid 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 Avangrid's stock expected returns. We can calculate the autocorrelation of Avangrid returns to help us make a trade decision. For example, suppose you find that Avangrid 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 |
Avangrid 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 Avangrid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avangrid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avangrid stock over time.
Current vs Lagged Prices |
| Timeline |
Avangrid Lagged Returns
When evaluating Avangrid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avangrid stock have on its future price. Avangrid 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, Avangrid autocorrelation shows the relationship between Avangrid stock current value and its past values and can show if there is a momentum factor associated with investing in Avangrid.
Regressed Prices |
| Timeline |
Avangrid Investors Sentiment
The influence of Avangrid'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 Avangrid. 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 Avangrid's public news can be used to forecast risks associated with an investment in Avangrid. The trend in average sentiment can be used to explain how an investor holding Avangrid can time the market purely based on public headlines and social activities around Avangrid. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Avangrid'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 Avangrid'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 Avangrid's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Avangrid.
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 Avangrid 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, Avangrid's short interest history, or implied volatility extrapolated from Avangrid options trading.
Pair Trading with Avangrid
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 Avangrid 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 Avangrid will appreciate offsetting losses from the drop in the long position's value.Moving together with Avangrid Stock
| 0.91 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.79 | ES | Eversource Energy Financial Report 1st of May 2024 | PairCorr |
| 0.81 | FE | FirstEnergy Earnings Call Next Week | PairCorr |
Moving against Avangrid Stock
| 0.88 | HE | Hawaiian Electric Buyout Trend | PairCorr |
| 0.44 | EDN | Empresa Distribuidora Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Avangrid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avangrid 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 Avangrid - 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 Avangrid to buy it.
The correlation of Avangrid 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 Avangrid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avangrid 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 Avangrid 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 Avangrid Correlation, Avangrid Volatility and Avangrid Alpha and Beta module to complement your research on Avangrid. To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.Note that the Avangrid information on this page should be used as a complementary analysis to other Avangrid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Avangrid Stock analysis
When running Avangrid's price analysis, check to measure Avangrid'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 Avangrid is operating at the current time. Most of Avangrid's value examination focuses on studying past and present price action to predict the probability of Avangrid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avangrid's price. Additionally, you may evaluate how the addition of Avangrid to your portfolios can decrease your overall portfolio volatility.
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities |
Avangrid 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.