Autodesk Stock Market Value
| ADSK Stock | USD 215.00 2.93 1.34% |
| Symbol | Autodesk |
Autodesk Price To Book Ratio
Is Autodesk'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 Autodesk. If investors know Autodesk 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 Autodesk 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 (0.03) | Earnings Share 4.18 | Revenue Per Share 25.687 | Quarterly Revenue Growth 0.115 | Return On Assets 0.0729 |
The market value of Autodesk is measured differently than its book value, which is the value of Autodesk that is recorded on the company's balance sheet. Investors also form their own opinion of Autodesk's value that differs from its market value or its book value, called intrinsic value, which is Autodesk'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 Autodesk's market value can be influenced by many factors that don't directly affect Autodesk'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 Autodesk's value and its price as these two are different measures arrived at by different means. Investors typically determine if Autodesk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Autodesk'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.
Autodesk '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 Autodesk'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 Autodesk.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Autodesk on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Autodesk or generate 0.0% return on investment in Autodesk over 30 days. Autodesk is related to or competes with Intuit, Zoom Video, Snowflake, ServiceNow, Workday, C3 Ai, and Shopify. Autodesk, Inc. provides 3D design, engineering, and entertainment software and services worldwide More
Autodesk 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 Autodesk'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 Autodesk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.38 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 2.44 |
Autodesk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Autodesk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Autodesk's standard deviation. In reality, there are many statistical measures that can use Autodesk historical prices to predict the future Autodesk's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Autodesk'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.
Autodesk Backtested Returns
Autodesk secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Autodesk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Autodesk's Mean Deviation of 1.25, standard deviation of 1.71, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.51, 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, Autodesk will likely underperform. Autodesk has an expected return of -0.25%. Please make sure to confirm Autodesk skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Autodesk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
Autodesk has excellent predictability. Overlapping area represents the amount of predictability between Autodesk time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Autodesk price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Autodesk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 110.55 |
Autodesk lagged returns against current returns
Autocorrelation, which is Autodesk 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 Autodesk's stock expected returns. We can calculate the autocorrelation of Autodesk returns to help us make a trade decision. For example, suppose you find that Autodesk 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 |
Autodesk 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 Autodesk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Autodesk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Autodesk stock over time.
Current vs Lagged Prices |
| Timeline |
Autodesk Lagged Returns
When evaluating Autodesk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Autodesk stock have on its future price. Autodesk 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, Autodesk autocorrelation shows the relationship between Autodesk stock current value and its past values and can show if there is a momentum factor associated with investing in Autodesk.
Regressed Prices |
| Timeline |
Pair Trading with Autodesk
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 Autodesk 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 Autodesk will appreciate offsetting losses from the drop in the long position's value.Moving together with Autodesk Stock
| 0.71 | AI | C3 Ai Inc Tech Boost | PairCorr |
Moving against Autodesk Stock
| 0.42 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Autodesk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autodesk 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 Autodesk - 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 Autodesk to buy it.
The correlation of Autodesk 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 Autodesk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autodesk 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 Autodesk 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 Autodesk Correlation, Autodesk Volatility and Autodesk Alpha and Beta module to complement your research on Autodesk. For more information on how to buy Autodesk Stock please use our How to buy in Autodesk Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Autodesk Stock analysis
When running Autodesk's price analysis, check to measure Autodesk'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 Autodesk is operating at the current time. Most of Autodesk's value examination focuses on studying past and present price action to predict the probability of Autodesk's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Autodesk's price. Additionally, you may evaluate how the addition of Autodesk to your portfolios can decrease your overall portfolio volatility.
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Autodesk 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.