American Tower Corp Stock Market Value
| AMT Stock | USD 178.12 1.08 0.60% |
| Symbol | American |
American Tower Corp Price To Book Ratio
Is American Tower'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 American Tower. If investors know American 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 American Tower 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 (0.30) | Dividend Share 6.45 | Earnings Share 3.17 | Revenue Per Share 23.911 | Quarterly Revenue Growth 0.03 |
The market value of American Tower Corp is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Tower's value that differs from its market value or its book value, called intrinsic value, which is American Tower'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 American Tower's market value can be influenced by many factors that don't directly affect American Tower'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 American Tower's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Tower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Tower'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.
American Tower '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 American Tower'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 American Tower.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in American Tower on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding American Tower Corp or generate 0.0% return on investment in American Tower over 30 days. American Tower is related to or competes with Digital Realty, Equinix, SBA Communications, Iron Mountain, Crown Castle, Hannon Armstrong, and Gaming Leisure. American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of m... More
American Tower 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 American Tower'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 American Tower Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.41 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 2.18 |
American Tower Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Tower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Tower's standard deviation. In reality, there are many statistical measures that can use American Tower historical prices to predict the future American Tower's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Tower'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.
American Tower Corp Backtested Returns
American Tower Corp 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. American Tower Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Tower's mean deviation of 1.06, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.9, which signifies possible diversification benefits within a given portfolio. American Tower returns are very sensitive to returns on the market. As the market goes up or down, American Tower is expected to follow. American Tower Corp has an expected return of -0.2%. Please make sure to confirm American Tower Corp jensen alpha, as well as the relationship between the skewness and day median price , to decide if American Tower Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
American Tower Corp has weak reverse predictability. Overlapping area represents the amount of predictability between American Tower time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 American Tower Corp price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current American Tower price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 23.8 |
American Tower Corp lagged returns against current returns
Autocorrelation, which is American Tower 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 American Tower's stock expected returns. We can calculate the autocorrelation of American Tower returns to help us make a trade decision. For example, suppose you find that American Tower 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 |
American Tower 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 American Tower stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Tower stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Tower stock over time.
Current vs Lagged Prices |
| Timeline |
American Tower Lagged Returns
When evaluating American Tower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Tower stock have on its future price. American Tower 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, American Tower autocorrelation shows the relationship between American Tower stock current value and its past values and can show if there is a momentum factor associated with investing in American Tower Corp.
Regressed Prices |
| Timeline |
Pair Trading with American Tower
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 American Tower 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 American Tower will appreciate offsetting losses from the drop in the long position's value.Moving against American Stock
| 0.57 | AHT-PG | Ashford Hospitality Trust | PairCorr |
The ability to find closely correlated positions to American Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Tower 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 American Tower - 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 American Tower Corp to buy it.
The correlation of American Tower 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 American Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Tower Corp 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 American Tower 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 American Tower Correlation, American Tower Volatility and American Tower Alpha and Beta module to complement your research on American Tower. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for American Stock analysis
When running American Tower's price analysis, check to measure American Tower'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 American Tower is operating at the current time. Most of American Tower's value examination focuses on studying past and present price action to predict the probability of American Tower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Tower's price. Additionally, you may evaluate how the addition of American Tower to your portfolios can decrease your overall portfolio volatility.
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American Tower 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.