Akoustis Stock Market Value
| AKTS Stock | USD 0.74 0.03 3.90% |
| Symbol | Akoustis |
Akoustis Technologies Valuation
Is Akoustis Technologies' 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 Akoustis Technologies. If investors know Akoustis 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 Akoustis Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.95) | Revenue Per Share 0.426 | Quarterly Revenue Growth 0.601 | Return On Assets (0.27) | Return On Equity (0.67) |
The market value of Akoustis Technologies is measured differently than its book value, which is the value of Akoustis that is recorded on the company's balance sheet. Investors also form their own opinion of Akoustis Technologies' value that differs from its market value or its book value, called intrinsic value, which is Akoustis Technologies' 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 Akoustis Technologies' market value can be influenced by many factors that don't directly affect Akoustis Technologies' 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 Akoustis Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Akoustis Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akoustis Technologies' 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.
Akoustis Technologies '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 Akoustis Technologies' 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 Akoustis Technologies.
| 08/26/2023 |
| 09/25/2023 |
If you would invest 0.00 in Akoustis Technologies on August 26, 2023 and sell it all today you would earn a total of 0.00 from holding Akoustis Technologies or generate 0.0% return on investment in Akoustis Technologies over 30 days. Akoustis Technologies is related to or competes with Ubiquiti Networks, Viavi Solutions, Vislink Technologies, and DZS. Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio fr... More
Akoustis Technologies 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 Akoustis Technologies' 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 Akoustis Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 38.25 | |||
| Value At Risk | (8.37) | |||
| Potential Upside | 6.83 |
Akoustis Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akoustis Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akoustis Technologies' standard deviation. In reality, there are many statistical measures that can use Akoustis Technologies historical prices to predict the future Akoustis Technologies' volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (1.97) | |||
| Total Risk Alpha | (1.84) | |||
| Treynor Ratio | (1.13) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Akoustis Technologies' 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. Please use the tools below to analyze the current value of Akoustis Technologies in the context of predictive analytics.
Akoustis Technologies Backtested Returns
Akoustis Technologies secures Sharpe Ratio (or Efficiency) of -0.38, which signifies that the company had -0.38% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Akoustis Technologies exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Akoustis Technologies Standard Deviation of 5.55, risk adjusted performance of (0.21), and Mean Deviation of 3.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.7719, 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, Akoustis Technologies will likely underperform. Even though it is essential to pay attention to Akoustis Technologies historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Akoustis Technologies exposes fifteen different technical indicators, which can help you to evaluate its performance. Akoustis Technologies has an expected return of -2.1%. Please make sure to confirm Akoustis Technologies variance and skewness to decide if Akoustis Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Akoustis Technologies has very good predictability. Overlapping area represents the amount of predictability between Akoustis Technologies time series from 26th of August 2023 to 10th of September 2023 and 10th of September 2023 to 25th of September 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Akoustis Technologies price movement. The serial correlation of 0.8 indicates that around 80.0% of current Akoustis Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Akoustis Technologies lagged returns against current returns
Autocorrelation, which is Akoustis Technologies 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 Akoustis Technologies' stock expected returns. We can calculate the autocorrelation of Akoustis Technologies returns to help us make a trade decision. For example, suppose you find that Akoustis Technologies stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Akoustis Technologies 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 Akoustis Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akoustis Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akoustis Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Akoustis Technologies Lagged Returns
When evaluating Akoustis Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akoustis Technologies stock have on its future price. Akoustis Technologies 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, Akoustis Technologies autocorrelation shows the relationship between Akoustis Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Akoustis Technologies.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Akoustis Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Efficient Frontier Now
Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
| All Next | Launch Module |
Pair Trading with Akoustis Technologies
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 Akoustis Technologies 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 Akoustis Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Akoustis Stock
| + | 0.79 | DM | Desktop Metal | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.92 | KN | Knowles Cor | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.69 | UI | Ubiquiti Networks | Fiscal Quarter End 30th of September 2023 | PairCorr |
Moving against Akoustis Stock
| - | 0.91 | CDW | CDW Corp | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.89 | CLS | Celestica | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.67 | ITI | Iteris Inc | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.66 | FN | Fabrinet | Tech Boost | PairCorr | |
| - | 0.43 | APH | Amphenol | Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Akoustis Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akoustis Technologies 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 Akoustis Technologies - 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 Akoustis Technologies to buy it.
The correlation of Akoustis Technologies is a statistical measure of how it moves in relation to other equities. 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 Akoustis Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akoustis Technologies 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 Akoustis Technologies 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 Akoustis Technologies Correlation, Akoustis Technologies Volatility and Akoustis Technologies Alpha and Beta module to complement your research on Akoustis Technologies. For more information on how to buy Akoustis Stock please use our How to Invest in Akoustis Technologies guide. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Akoustis Stock analysis
When running Akoustis Technologies' price analysis, check to measure Akoustis Technologies' 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 Akoustis Technologies is operating at the current time. Most of Akoustis Technologies' value examination focuses on studying past and present price action to predict the probability of Akoustis Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akoustis Technologies' price. Additionally, you may evaluate how the addition of Akoustis Technologies to your portfolios can decrease your overall portfolio volatility.
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Akoustis Technologies 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.