Amedisys Stock Market Value
| AMED Stock | USD 91.24 0.84 0.93% |
| Symbol | Amedisys |
Amedisys Price To Book Ratio
Is Amedisys' 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 Amedisys. If investors know Amedisys 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 Amedisys 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 (0.40) | Earnings Share (0.30) | Revenue Per Share 68.603 | Quarterly Revenue Growth 0.016 | Return On Assets 0.0598 |
The market value of Amedisys is measured differently than its book value, which is the value of Amedisys that is recorded on the company's balance sheet. Investors also form their own opinion of Amedisys' value that differs from its market value or its book value, called intrinsic value, which is Amedisys' 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 Amedisys' market value can be influenced by many factors that don't directly affect Amedisys' 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 Amedisys' value and its price as these two are different measures arrived at by different means. Investors typically determine if Amedisys is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amedisys' 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.
Amedisys '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 Amedisys' 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 Amedisys.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Amedisys on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Amedisys or generate 0.0% return on investment in Amedisys over 270 days. Amedisys is related to or competes with Acadia Healthcare, Addus HomeCare, Encompass Health, Ensign, Option Care, Universal Health, and Surgery Partners. Amedisys, Inc., together with its subsidiaries, provides healthcare services in the United States More
Amedisys 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 Amedisys' 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 Amedisys upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 2.07 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.5889 |
Amedisys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amedisys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amedisys' standard deviation. In reality, there are many statistical measures that can use Amedisys historical prices to predict the future Amedisys' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amedisys' 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.
Amedisys Backtested Returns
Amedisys secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of standard deviation over the last 3 months. Amedisys exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amedisys' mean deviation of 0.3225, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amedisys' returns are expected to increase less than the market. However, during the bear market, the loss of holding Amedisys is expected to be smaller as well. Amedisys has an expected return of -0.0633%. Please make sure to confirm Amedisys potential upside, day median price, and the relationship between the total risk alpha and accumulation distribution , to decide if Amedisys performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Amedisys has insignificant reverse predictability. Overlapping area represents the amount of predictability between Amedisys 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 Amedisys price movement. The serial correlation of -0.18 indicates that over 18.0% of current Amedisys price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Amedisys lagged returns against current returns
Autocorrelation, which is Amedisys 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 Amedisys' stock expected returns. We can calculate the autocorrelation of Amedisys returns to help us make a trade decision. For example, suppose you find that Amedisys 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 |
Amedisys 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 Amedisys stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amedisys stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amedisys stock over time.
Current vs Lagged Prices |
| Timeline |
Amedisys Lagged Returns
When evaluating Amedisys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amedisys stock have on its future price. Amedisys 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, Amedisys autocorrelation shows the relationship between Amedisys stock current value and its past values and can show if there is a momentum factor associated with investing in Amedisys.
Regressed Prices |
| Timeline |
Pair Trading with Amedisys
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 Amedisys 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 Amedisys will appreciate offsetting losses from the drop in the long position's value.Moving together with Amedisys Stock
| 0.75 | DH | Definitive Healthcare Financial Report 2nd of May 2024 | PairCorr |
| 0.84 | GH | Guardant Health Upward Rally | PairCorr |
| 0.75 | FIGS | Figs Inc Financial Report 2nd of May 2024 | PairCorr |
Moving against Amedisys Stock
| 0.83 | GCTK | GlucoTrack | PairCorr |
| 0.75 | WGS | GeneDx Holdings Corp Earnings Call This Week | PairCorr |
| 0.55 | RCM | R1 RCM Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.49 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
The ability to find closely correlated positions to Amedisys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amedisys 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 Amedisys - 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 Amedisys to buy it.
The correlation of Amedisys 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 Amedisys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amedisys 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 Amedisys 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 Amedisys Correlation, Amedisys Volatility and Amedisys Alpha and Beta module to complement your research on Amedisys. For information on how to trade Amedisys Stock refer to our How to Trade Amedisys Stock guide.Note that the Amedisys information on this page should be used as a complementary analysis to other Amedisys' 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Amedisys Stock analysis
When running Amedisys' price analysis, check to measure Amedisys' 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 Amedisys is operating at the current time. Most of Amedisys' value examination focuses on studying past and present price action to predict the probability of Amedisys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amedisys' price. Additionally, you may evaluate how the addition of Amedisys to your portfolios can decrease your overall portfolio volatility.
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Amedisys 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.