Altisource Asset Management Stock Market Value
| AAMC Stock | USD 3.01 0.08 2.59% |
| Symbol | Altisource |
Altisource Asset Man Price To Book Ratio
Is Altisource Asset'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 Altisource Asset. If investors know Altisource 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 Altisource Asset 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 (0.98) | Earnings Share (11.12) | Revenue Per Share 1.082 | Quarterly Revenue Growth (0.97) | Return On Assets (0.25) |
The market value of Altisource Asset Man is measured differently than its book value, which is the value of Altisource that is recorded on the company's balance sheet. Investors also form their own opinion of Altisource Asset's value that differs from its market value or its book value, called intrinsic value, which is Altisource Asset'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 Altisource Asset's market value can be influenced by many factors that don't directly affect Altisource Asset'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 Altisource Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altisource Asset is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altisource Asset'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.
Altisource Asset '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 Altisource Asset'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 Altisource Asset.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Altisource Asset on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Altisource Asset Management or generate 0.0% return on investment in Altisource Asset over 30 days. Altisource Asset is related to or competes with Anywhere Real, Opendoor Technologies, Re Max, Redfin Corp, Marcus Millichap, Frp Holdings, and Maui Land. Altisource Asset Management Corporation is an alternative lending company that provides liquidity and capital to under-s... More
Altisource Asset 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 Altisource Asset'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 Altisource Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 26.98 | |||
| Value At Risk | (7.76) | |||
| Potential Upside | 8.11 |
Altisource Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altisource Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altisource Asset's standard deviation. In reality, there are many statistical measures that can use Altisource Asset historical prices to predict the future Altisource Asset's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | 9.9 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altisource Asset'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.
Altisource Asset Man Backtested Returns
Altisource Asset Man secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Altisource Asset Management exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altisource Asset's Risk Adjusted Performance of (0.06), standard deviation of 5.46, and Mean Deviation of 4.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0598, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Altisource Asset are expected to decrease at a much lower rate. During the bear market, Altisource Asset is likely to outperform the market. Altisource Asset Man has an expected return of -0.69%. Please make sure to confirm Altisource Asset Man accumulation distribution, and the relationship between the potential upside and day median price , to decide if Altisource Asset Man performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Altisource Asset Management has insignificant reverse predictability. Overlapping area represents the amount of predictability between Altisource Asset time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Altisource Asset Man price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Altisource Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Altisource Asset Man lagged returns against current returns
Autocorrelation, which is Altisource Asset 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 Altisource Asset's stock expected returns. We can calculate the autocorrelation of Altisource Asset returns to help us make a trade decision. For example, suppose you find that Altisource Asset 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 |
Altisource Asset 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 Altisource Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altisource Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altisource Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Altisource Asset Lagged Returns
When evaluating Altisource Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altisource Asset stock have on its future price. Altisource Asset 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, Altisource Asset autocorrelation shows the relationship between Altisource Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Altisource Asset Management.
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 Altisource Asset 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, Altisource Asset's short interest history, or implied volatility extrapolated from Altisource Asset options trading.
Pair Trading with Altisource Asset
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 Altisource Asset 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 Altisource Asset will appreciate offsetting losses from the drop in the long position's value.Moving together with Altisource Stock
| 0.88 | KW | Kennedy Wilson Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.79 | CBL | CBL Associates Properties | PairCorr |
Moving against Altisource Stock
| 0.86 | CG | Carlyle Group Financial Report 2nd of May 2024 | PairCorr |
| 0.84 | C | Citigroup Financial Report 12th of July 2024 | PairCorr |
| 0.84 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
| 0.83 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
| 0.82 | BHM | Bluerock Homes Trust | PairCorr |
The ability to find closely correlated positions to Altisource Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altisource Asset 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 Altisource Asset - 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 Altisource Asset Management to buy it.
The correlation of Altisource Asset 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 Altisource Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altisource Asset Man 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 Altisource Asset 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 Altisource Asset Correlation, Altisource Asset Volatility and Altisource Asset Alpha and Beta module to complement your research on Altisource Asset. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Altisource Stock analysis
When running Altisource Asset's price analysis, check to measure Altisource Asset'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 Altisource Asset is operating at the current time. Most of Altisource Asset's value examination focuses on studying past and present price action to predict the probability of Altisource Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altisource Asset's price. Additionally, you may evaluate how the addition of Altisource Asset to your portfolios can decrease your overall portfolio volatility.
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Altisource Asset 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.