Advanced Energy Industries Stock Market Value
| AEIS Stock | USD 92.84 0.26 0.28% |
| Symbol | Advanced |
Advanced Energy Indu Price To Book Ratio
Is Advanced Energy'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 Advanced Energy. If investors know Advanced 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 Advanced Energy 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 (0.14) | Dividend Share 0.4 | Earnings Share 3.46 | Revenue Per Share 44.178 | Quarterly Revenue Growth (0.17) |
The market value of Advanced Energy Indu is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Energy's value that differs from its market value or its book value, called intrinsic value, which is Advanced Energy'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 Advanced Energy's market value can be influenced by many factors that don't directly affect Advanced Energy'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 Advanced Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advanced Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Energy'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.
Advanced Energy '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 Advanced Energy'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 Advanced Energy.
| 10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in Advanced Energy on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Advanced Energy Industries or generate 0.0% return on investment in Advanced Energy over 180 days. Advanced Energy is related to or competes with Hayward Holdings, Hollysys Automation, Enersys, Espey Mfg, Hubbell, NVent Electric, and Powell Industries. Advanced Energy Industries, Inc. designs, manufactures, sells, and supports precision power conversion, measurement, and... More
Advanced Energy 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 Advanced Energy'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 Advanced Energy Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.16 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 3.23 |
Advanced Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Energy's standard deviation. In reality, there are many statistical measures that can use Advanced Energy historical prices to predict the future Advanced Energy's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Advanced Energy'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.
Advanced Energy Indu Backtested Returns
Advanced Energy Indu secures Sharpe Ratio (or Efficiency) of -0.0897, which signifies that the company had a -0.0897% return per unit of risk over the last 3 months. Advanced Energy Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Advanced Energy's Mean Deviation of 1.61, standard deviation of 2.08, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.14, 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, Advanced Energy will likely underperform. Advanced Energy Indu has an expected return of -0.19%. Please make sure to confirm Advanced Energy Indu treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Advanced Energy Indu performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Advanced Energy Industries has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Advanced Energy time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th 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 Advanced Energy Indu price movement. The serial correlation of -0.75 indicates that around 75.0% of current Advanced Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 17.09 |
Advanced Energy Indu lagged returns against current returns
Autocorrelation, which is Advanced Energy 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 Advanced Energy's stock expected returns. We can calculate the autocorrelation of Advanced Energy returns to help us make a trade decision. For example, suppose you find that Advanced Energy 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 |
Advanced Energy 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 Advanced Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Energy Lagged Returns
When evaluating Advanced Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Energy stock have on its future price. Advanced Energy 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, Advanced Energy autocorrelation shows the relationship between Advanced Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Energy Industries.
Regressed Prices |
| Timeline |
Advanced Energy Investors Sentiment
The influence of Advanced Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Advanced. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Advanced Energy's public news can be used to forecast risks associated with an investment in Advanced. The trend in average sentiment can be used to explain how an investor holding Advanced can time the market purely based on public headlines and social activities around Advanced Energy Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Advanced Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Advanced Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Advanced Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Advanced Energy.
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 Advanced Energy 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, Advanced Energy's short interest history, or implied volatility extrapolated from Advanced Energy options trading.
Pair Trading with Advanced Energy
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 Advanced Energy 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 Advanced Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Advanced Stock
| 0.74 | MX | MagnaChip Semiconductor Potential Growth | PairCorr |
| 0.77 | INTC | Intel Earnings Call Tomorrow | PairCorr |
Moving against Advanced Stock
| 0.72 | GDDY | Godaddy Financial Report 2nd of May 2024 | PairCorr |
| 0.44 | SQ | Block Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.41 | AVNW | Aviat Networks Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Advanced Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Energy 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 Advanced Energy - 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 Advanced Energy Industries to buy it.
The correlation of Advanced Energy 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 Advanced Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Energy Indu 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 Advanced Energy 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 Advanced Energy Correlation, Advanced Energy Volatility and Advanced Energy Alpha and Beta module to complement your research on Advanced Energy. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Advanced Stock analysis
When running Advanced Energy's price analysis, check to measure Advanced Energy'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 Advanced Energy is operating at the current time. Most of Advanced Energy's value examination focuses on studying past and present price action to predict the probability of Advanced Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Energy's price. Additionally, you may evaluate how the addition of Advanced Energy to your portfolios can decrease your overall portfolio volatility.
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Advanced Energy 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.