Ametek Inc Stock Market Value
| AME Stock | USD 179.85 1.99 1.12% |
| Symbol | Ametek |
Ametek Inc Price To Book Ratio
Is Ametek'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 Ametek. If investors know Ametek 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 Ametek 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 0.113 | Dividend Share 1 | Earnings Share 5.67 | Revenue Per Share 28.618 | Quarterly Revenue Growth 0.065 |
The market value of Ametek Inc is measured differently than its book value, which is the value of Ametek that is recorded on the company's balance sheet. Investors also form their own opinion of Ametek's value that differs from its market value or its book value, called intrinsic value, which is Ametek'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 Ametek's market value can be influenced by many factors that don't directly affect Ametek'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 Ametek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ametek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ametek'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.
Ametek '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 Ametek'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 Ametek.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Ametek on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Ametek Inc or generate 0.0% return on investment in Ametek over 30 days. Ametek is related to or competes with Dover, Parker Hannifin, Pentair PLC, Illinois Tool, Smith AO, Cummins, and Ingersoll Rand. AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide More
Ametek 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 Ametek'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 Ametek Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7216 | |||
| Information Ratio | 0.0637 | |||
| Maximum Drawdown | 4.53 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 1.61 |
Ametek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ametek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ametek's standard deviation. In reality, there are many statistical measures that can use Ametek historical prices to predict the future Ametek's volatility.| Risk Adjusted Performance | 0.1052 | |||
| Jensen Alpha | 0.0663 | |||
| Total Risk Alpha | 0.0225 | |||
| Sortino Ratio | 0.077 | |||
| Treynor Ratio | 0.1559 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ametek'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.
Ametek Inc Backtested Returns
We consider Ametek very steady. Ametek Inc secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Ametek Inc, which you can use to evaluate the volatility of the firm. Please confirm Ametek's risk adjusted performance of 0.1052, and Mean Deviation of 0.6283 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Ametek has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Ametek returns are very sensitive to returns on the market. As the market goes up or down, Ametek is expected to follow. Ametek Inc right now shows a risk of 0.87%. Please confirm Ametek Inc treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Ametek Inc will be following its price patterns.
Auto-correlation | 0.66 |
Good predictability
Ametek Inc has good predictability. Overlapping area represents the amount of predictability between Ametek time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Ametek Inc price movement. The serial correlation of 0.66 indicates that around 66.0% of current Ametek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Ametek Inc lagged returns against current returns
Autocorrelation, which is Ametek 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 Ametek's stock expected returns. We can calculate the autocorrelation of Ametek returns to help us make a trade decision. For example, suppose you find that Ametek 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 |
Ametek 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 Ametek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ametek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ametek stock over time.
Current vs Lagged Prices |
| Timeline |
Ametek Lagged Returns
When evaluating Ametek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ametek stock have on its future price. Ametek 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, Ametek autocorrelation shows the relationship between Ametek stock current value and its past values and can show if there is a momentum factor associated with investing in Ametek Inc.
Regressed Prices |
| Timeline |
Pair Trading with Ametek
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 Ametek 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 Ametek will appreciate offsetting losses from the drop in the long position's value.Moving together with Ametek Stock
| 0.84 | B | Barnes Group Earnings Call Today | PairCorr |
| 0.76 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.76 | HI | Hillenbrand Earnings Call This Week | PairCorr |
| 0.96 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
Moving against Ametek Stock
| 0.78 | ATS | ATS Corporation | PairCorr |
| 0.62 | RR | Richtech Robotics Class | PairCorr |
The ability to find closely correlated positions to Ametek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ametek 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 Ametek - 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 Ametek Inc to buy it.
The correlation of Ametek 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 Ametek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ametek 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 Ametek 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 Ametek Correlation, Ametek Volatility and Ametek Alpha and Beta module to complement your research on Ametek. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Ametek Stock analysis
When running Ametek's price analysis, check to measure Ametek'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 Ametek is operating at the current time. Most of Ametek's value examination focuses on studying past and present price action to predict the probability of Ametek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ametek's price. Additionally, you may evaluate how the addition of Ametek to your portfolios can decrease your overall portfolio volatility.
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Ametek 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.