Ata Creativity Global Stock Market Value
| AACG Stock | USD 0.97 0.09 10.23% |
| Symbol | ATA |
ATA Creativity Global Price To Book Ratio
Is ATA Creativity'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 ATA Creativity. If investors know ATA 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 ATA Creativity 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 3.119 | Earnings Share (0.15) | Revenue Per Share 7.059 | Quarterly Revenue Growth 0.065 | Return On Assets (0.06) |
The market value of ATA Creativity Global is measured differently than its book value, which is the value of ATA that is recorded on the company's balance sheet. Investors also form their own opinion of ATA Creativity's value that differs from its market value or its book value, called intrinsic value, which is ATA Creativity'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 ATA Creativity's market value can be influenced by many factors that don't directly affect ATA Creativity'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 ATA Creativity's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATA Creativity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATA Creativity'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.
ATA Creativity '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 ATA Creativity'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 ATA Creativity.
| 02/18/2024 |
| 04/18/2024 |
If you would invest 0.00 in ATA Creativity on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding ATA Creativity Global or generate 0.0% return on investment in ATA Creativity over 60 days. ATA Creativity is related to or competes with 17 Education, and Vasta PlatformLtd. ATA Creativity Global, together with its subsidiaries, provides educational services to individual students through its ... More
ATA Creativity 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 ATA Creativity'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 ATA Creativity Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 23.08 | |||
| Value At Risk | (8.96) | |||
| Potential Upside | 9.8 |
ATA Creativity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATA Creativity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATA Creativity's standard deviation. In reality, there are many statistical measures that can use ATA Creativity historical prices to predict the future ATA Creativity's volatility.| Risk Adjusted Performance | 0.007 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ATA Creativity'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.
ATA Creativity Global Backtested Returns
ATA Creativity Global retains Efficiency (Sharpe Ratio) of -0.0117, which signifies that the company had a -0.0117% return per unit of risk over the last 3 months. ATA Creativity exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ATA Creativity's variance of 24.51, and Market Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.37, 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, ATA Creativity will likely underperform. ATA Creativity Global has an expected return of -0.0591%. Please make sure to confirm ATA Creativity Global total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if ATA Creativity Global performance from the past will be repeated in the future.
Auto-correlation | -0.42 |
Modest reverse predictability
ATA Creativity Global has modest reverse predictability. Overlapping area represents the amount of predictability between ATA Creativity time series from 18th of February 2024 to 19th of March 2024 and 19th of March 2024 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 ATA Creativity Global price movement. The serial correlation of -0.42 indicates that just about 42.0% of current ATA Creativity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ATA Creativity Global lagged returns against current returns
Autocorrelation, which is ATA Creativity 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 ATA Creativity's stock expected returns. We can calculate the autocorrelation of ATA Creativity returns to help us make a trade decision. For example, suppose you find that ATA Creativity 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 |
ATA Creativity 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 ATA Creativity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATA Creativity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATA Creativity stock over time.
Current vs Lagged Prices |
| Timeline |
ATA Creativity Lagged Returns
When evaluating ATA Creativity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATA Creativity stock have on its future price. ATA Creativity 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, ATA Creativity autocorrelation shows the relationship between ATA Creativity stock current value and its past values and can show if there is a momentum factor associated with investing in ATA Creativity Global.
Regressed Prices |
| Timeline |
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 ATA Creativity 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, ATA Creativity's short interest history, or implied volatility extrapolated from ATA Creativity options trading.
Pair Trading with ATA Creativity
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 ATA Creativity 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 ATA Creativity will appreciate offsetting losses from the drop in the long position's value.Moving against ATA Stock
| 0.58 | FEDU | Four Seasons Education | PairCorr |
| 0.49 | COE | 51Talk Online Education Earnings Call This Week | PairCorr |
| 0.42 | VSTA | Vasta PlatformLtd Report 23rd of April 2024 | PairCorr |
The ability to find closely correlated positions to ATA Creativity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATA Creativity 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 ATA Creativity - 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 ATA Creativity Global to buy it.
The correlation of ATA Creativity 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 ATA Creativity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATA Creativity Global 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 ATA Creativity 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 ATA Creativity Correlation, ATA Creativity Volatility and ATA Creativity Alpha and Beta module to complement your research on ATA Creativity. Note that the ATA Creativity Global information on this page should be used as a complementary analysis to other ATA Creativity'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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for ATA Stock analysis
When running ATA Creativity's price analysis, check to measure ATA Creativity'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 ATA Creativity is operating at the current time. Most of ATA Creativity's value examination focuses on studying past and present price action to predict the probability of ATA Creativity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATA Creativity's price. Additionally, you may evaluate how the addition of ATA Creativity to your portfolios can decrease your overall portfolio volatility.
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ATA Creativity 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.