Ametek Inc Stock Market Value

AME Stock  USD 183.72  2.05  1.13%   
Ametek's market value is the price at which a share of Ametek trades on a public exchange. It measures the collective expectations of Ametek Inc investors about its performance. Ametek is trading at 183.72 as of the 28th of March 2024, a 1.13 percent increase since the beginning of the trading day. The stock's lowest day price was 181.79.
With this module, you can estimate the performance of a buy and hold strategy of Ametek Inc and determine expected loss or profit from investing in Ametek over a given investment horizon. Check out Ametek Correlation, Ametek Volatility and Ametek Alpha and Beta module to complement your research on Ametek.
Symbol

Ametek Inc Price To Book Ratio

Is Ametek'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 Ametek. If investors know Ametek 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 Ametek 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
0.113
Dividend Share
1
Earnings Share
5.68
Revenue Per Share
28.618
Quarterly Revenue Growth
0.065
The market value of Ametek Inc is measured differently than its book value, which is the value of Ametek that is recorded on the company's balance sheet. Investors also form their own opinion of Ametek's value that differs from its market value or its book value, called intrinsic value, which is Ametek'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 Ametek's market value can be influenced by many factors that don't directly affect Ametek'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 Ametek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ametek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ametek'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.

Ametek '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 Ametek'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 Ametek.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Ametek on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ametek Inc or generate 0.0% return on investment in Ametek over 30 days. Ametek is related to or competes with Barnes, Babcock Wilcox, Crane, General Electric, Hillenbrand, Ingersoll Rand, and Parker Hannifin. AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide More

Ametek 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 Ametek'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 Ametek Inc upside and downside potential and time the market with a certain degree of confidence.

Ametek Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ametek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ametek's standard deviation. In reality, there are many statistical measures that can use Ametek historical prices to predict the future Ametek's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ametek'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.
Hype
Prediction
LowEstimatedHigh
183.00183.93184.86
Details
Intrinsic
Valuation
LowRealHigh
151.02151.95202.09
Details
Naive
Forecast
LowNextHigh
183.29184.23185.16
Details
16 Analysts
Consensus
LowTargetHigh
157.85173.46192.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ametek. Your research has to be compared to or analyzed against Ametek's peers to derive any actionable benefits. When done correctly, Ametek's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ametek Inc.

Ametek Inc Backtested Returns

We consider Ametek very steady. Ametek Inc secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ametek Inc, which you can use to evaluate the volatility of the firm. Please confirm Ametek's mean deviation of 0.6291, and Risk Adjusted Performance of 0.1158 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Ametek has a performance score of 15 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.97, which signifies possible diversification benefits within a given portfolio. Ametek returns are very sensitive to returns on the market. As the market goes up or down, Ametek is expected to follow. Ametek Inc right now shows a risk of 0.93%. Please confirm Ametek Inc treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Ametek Inc will be following its price patterns.

Auto-correlation

    
  0.29  

Poor predictability

Ametek Inc has poor predictability. Overlapping area represents the amount of predictability between Ametek time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Ametek Inc price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Ametek price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test0.46
Residual Average0.0
Price Variance1.3

Ametek Inc lagged returns against current returns

Autocorrelation, which is Ametek 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 Ametek's stock expected returns. We can calculate the autocorrelation of Ametek returns to help us make a trade decision. For example, suppose you find that Ametek 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  

Ametek 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 Ametek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ametek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ametek stock over time.
   Current vs Lagged Prices   
       Timeline  

Ametek Lagged Returns

When evaluating Ametek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ametek stock have on its future price. Ametek 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, Ametek autocorrelation shows the relationship between Ametek stock current value and its past values and can show if there is a momentum factor associated with investing in Ametek Inc.
   Regressed Prices   
       Timeline  

Ametek Investors Sentiment

The influence of Ametek'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 Ametek. 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 Ametek's public news can be used to forecast risks associated with an investment in Ametek. The trend in average sentiment can be used to explain how an investor holding Ametek can time the market purely based on public headlines and social activities around Ametek Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ametek'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 Ametek'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 Ametek's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ametek.
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 Ametek 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, Ametek's short interest history, or implied volatility extrapolated from Ametek options trading.

Pair Trading with Ametek

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 Ametek 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 Ametek will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ametek Stock

  0.92B Barnes Group Financial Report 25th of April 2024 PairCorr
  0.82CR Crane Company Symbol ChangePairCorr
  0.98GE General Electric Fiscal Quarter End 31st of March 2024 PairCorr
  0.7HI Hillenbrand Financial Report 13th of May 2024 PairCorr

Moving against Ametek Stock

  0.95NMHI Natures Miracle HoldingPairCorr
  0.74RR Richtech Robotics ClassPairCorr
The ability to find closely correlated positions to Ametek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ametek 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 Ametek - 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 Ametek Inc to buy it.
The correlation of Ametek 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 Ametek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ametek Inc 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 Ametek 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.
Pair CorrelationCorrelation Matching
When determining whether Ametek Inc is a strong investment it is important to analyze Ametek's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ametek's future performance. For an informed investment choice regarding Ametek Stock, refer to the following important reports:
Check out Ametek Correlation, Ametek Volatility and Ametek Alpha and Beta module to complement your research on Ametek.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Ametek's price analysis, check to measure Ametek'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 Ametek is operating at the current time. Most of Ametek's value examination focuses on studying past and present price action to predict the probability of Ametek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ametek's price. Additionally, you may evaluate how the addition of Ametek to your portfolios can decrease your overall portfolio volatility.
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Ametek 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.
A focus of Ametek technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ametek trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...