American Assets Trust Stock Market Value
| AAT Stock | USD 21.28 0.29 1.38% |
| Symbol | American |
American Assets Trust Price To Book Ratio
Is American Assets' 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 Assets. 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 Assets 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 0.086 | Dividend Share 1.32 | Earnings Share 0.84 | Revenue Per Share 7.26 | Quarterly Revenue Growth 0.061 |
The market value of American Assets Trust 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 Assets' value that differs from its market value or its book value, called intrinsic value, which is American Assets' 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 Assets' market value can be influenced by many factors that don't directly affect American Assets' 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 Assets' value and its price as these two are different measures arrived at by different means. Investors typically determine if American Assets is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Assets' 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 Assets '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 Assets' 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 Assets.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in American Assets on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding American Assets Trust or generate 0.0% return on investment in American Assets over 270 days. American Assets is related to or competes with Essential Properties, Armada Hflr, CTO Realty, Brightspire Capital, Armada Hoffler, Broadstone Net, and One Liberty. American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust,... More
American Assets 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 Assets' 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 Assets Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.52 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 2.63 |
American Assets Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Assets' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Assets' standard deviation. In reality, there are many statistical measures that can use American Assets historical prices to predict the future American Assets' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Assets' 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 Assets Trust Backtested Returns
American Assets Trust secures Sharpe Ratio (or Efficiency) of -0.0583, which signifies that the company had a -0.0583% return per unit of standard deviation over the last 3 months. American Assets Trust exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Assets' mean deviation of 1.33, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.68, 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, American Assets will likely underperform. American Assets Trust has an expected return of -0.11%. Please make sure to confirm American Assets Trust maximum drawdown, and the relationship between the information ratio and accumulation distribution , to decide if American Assets Trust performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
American Assets Trust has modest predictability. Overlapping area represents the amount of predictability between American Assets time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 Assets Trust price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current American Assets price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
American Assets Trust lagged returns against current returns
Autocorrelation, which is American Assets 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 Assets' stock expected returns. We can calculate the autocorrelation of American Assets returns to help us make a trade decision. For example, suppose you find that American Assets 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 Assets 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 Assets stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Assets stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Assets stock over time.
Current vs Lagged Prices |
| Timeline |
American Assets Lagged Returns
When evaluating American Assets' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Assets stock have on its future price. American Assets 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 Assets autocorrelation shows the relationship between American Assets stock current value and its past values and can show if there is a momentum factor associated with investing in American Assets Trust.
Regressed Prices |
| Timeline |
Pair Trading with American Assets
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 Assets 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 Assets will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
| 0.77 | UE | Urban Edge Properties Financial Report 14th of May 2024 | PairCorr |
| 0.67 | BDN | Brandywine Realty Trust | PairCorr |
Moving against American Stock
| 0.72 | AHT-PI | Ashford Hospitality Trust | PairCorr |
| 0.69 | AHT-PF | Ashford Hospitality Trust | PairCorr |
| 0.63 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.62 | AHT-PH | Ashford Hospitality Trust | PairCorr |
| 0.55 | AHT-PG | Ashford Hospitality Trust | PairCorr |
The ability to find closely correlated positions to American Assets 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 Assets 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 Assets - 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 Assets Trust to buy it.
The correlation of American Assets 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 Assets moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Assets Trust 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 Assets 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 Assets Correlation, American Assets Volatility and American Assets Alpha and Beta module to complement your research on American Assets. Note that the American Assets Trust information on this page should be used as a complementary analysis to other American Assets' 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for American Stock analysis
When running American Assets' price analysis, check to measure American Assets' 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 Assets is operating at the current time. Most of American Assets' value examination focuses on studying past and present price action to predict the probability of American Assets' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Assets' price. Additionally, you may evaluate how the addition of American Assets to your portfolios can decrease your overall portfolio volatility.
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American Assets 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.