Agilent Story

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A -- USA Stock  

USD 100.37  0.45  0.45%

It appears Agilent will continue to recover much faster as its share price surged up 0.14% today. This firm's current daily volatility is 1.48 percent, with a beta of 0.54 and an alpha of 0.13 over DOW. As many millenniums are trying to avoid measuring and control, it makes sense to go over Agilent a little further and try to understand its current market patterns. We will analyze why Agilent investors may still consider a stake in the business.
Published over three weeks ago
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What does a current Agilent volatility slip mean for investors?
Agilent has accumulated roughly 1.32 B in cash with 810 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.29. Macroaxis provides advice on Agilent to complement and cross-verify current analyst consensus on Agilent. Our investment recommendation engine determines the company's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon.
Investing in Agilent, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Agilent along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

How important is Agilent's Liquidity

Agilent financial leverage refers to using borrowed capital as a funding source to finance Agilent ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Agilent financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Agilent's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Agilent, but it might be worth checking our own buy vs. sell analysis

Agilent Correlation with Peers

Investors in Agilent can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Agilent. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Agilent and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Agilent is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Agilent for more details

Exercise or conversion by Dominique Grau of 6485 shares of Agilent subject to Rule 16b-3

Legal trades by Agilent insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Agilent insider trading alert for exercise of employee stock option (right to buy) by Dominique Grau, Senior Vice President, on 1st of September 2020. This event was filed by Agilent Technologies Inc with SEC on 2020-09-01. Statement of changes in beneficial ownership - SEC Form 4. Dominique Grau currently serves as senior vice president - human resources of Agilent [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

What is driving Agilent Investor Appetite?

Agilent appears to be very steady, given 1 month investment horizon. Agilent secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had 0.2% of return per unit of risk over the last month. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Agilent, which you can use to evaluate future volatility of the firm. Please makes use of Agilent Downside Deviation of 1.64, risk adjusted performance of 0.2876, and Mean Deviation of 1.04 to double-check if our risk estimates are consistent with your expectations.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Will Agilent pull back in September 2020?

The potential upside is down to 2.54 as of today. As of the 18th of August 2020, Agilent shows the Risk Adjusted Performance of 0.2876, mean deviation of 1.04, and Downside Deviation of 1.64. Agilent technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Agilent, which can be compared to its rivals. Please confirm Agilent coefficient of variation, jensen alpha, potential upside, as well as the relationship between the variance and maximum drawdown to decide if Agilent is priced correctly, providing market reflects its regular price of 97.51 per share. Given that Agilent has jensen alpha of 0.1346, we suggest you to validate Agilent's prevailing market performance to make sure the company can sustain itself at a future point.

Our Conclusion on Agilent

Whereas some companies under the diagnostics & research industry are still a bit expensive, Agilent may offer a potential longer-term growth to investors. To conclude, as of the 18th of August 2020, our analysis shows that Agilent follows the market closely. The company is overvalued and projects low probability of distress for the next 2 years. However, our final 30 days buy-sell recommendation on the company is Strong Buy.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Agilent. Please refer to our Terms of Use for any information regarding our disclosure principles.

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