Ameresco Stock Market Value
| AMRC Stock | USD 20.98 0.31 1.46% |
| Symbol | Ameresco |
Ameresco Price To Book Ratio
Is Ameresco'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 Ameresco. If investors know Ameresco 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 Ameresco 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 0.856 | Earnings Share 1.17 | Revenue Per Share 26.364 | Quarterly Revenue Growth 0.331 | Return On Assets 0.0161 |
The market value of Ameresco is measured differently than its book value, which is the value of Ameresco that is recorded on the company's balance sheet. Investors also form their own opinion of Ameresco's value that differs from its market value or its book value, called intrinsic value, which is Ameresco'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 Ameresco's market value can be influenced by many factors that don't directly affect Ameresco'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 Ameresco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ameresco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ameresco'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.
Ameresco '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 Ameresco'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 Ameresco.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Ameresco on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ameresco or generate 0.0% return on investment in Ameresco over 30 days. Ameresco is related to or competes with TPI Composites, Hannon Armstrong, Atkore International, Daqo New, and Sunnova Energy. Ameresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply sol... More
Ameresco 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 Ameresco'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 Ameresco upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.94 | |||
| Value At Risk | (7.32) | |||
| Potential Upside | 7.94 |
Ameresco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ameresco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ameresco's standard deviation. In reality, there are many statistical measures that can use Ameresco historical prices to predict the future Ameresco's volatility.| Risk Adjusted Performance | 0.0085 | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ameresco'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.
Ameresco Backtested Returns
Ameresco secures Sharpe Ratio (or Efficiency) of -0.0057, which signifies that the company had a -0.0057% return per unit of standard deviation over the last 3 months. Ameresco exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ameresco's mean deviation of 3.81, and Risk Adjusted Performance of 0.0085 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.89, 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, Ameresco will likely underperform. Ameresco has an expected return of -0.0263%. Please make sure to confirm Ameresco potential upside, day median price, and the relationship between the total risk alpha and accumulation distribution , to decide if Ameresco performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Ameresco has virtually no predictability. Overlapping area represents the amount of predictability between Ameresco time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 Ameresco price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Ameresco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.61 |
Ameresco lagged returns against current returns
Autocorrelation, which is Ameresco 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 Ameresco's stock expected returns. We can calculate the autocorrelation of Ameresco returns to help us make a trade decision. For example, suppose you find that Ameresco 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 |
Ameresco 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 Ameresco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ameresco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ameresco stock over time.
Current vs Lagged Prices |
| Timeline |
Ameresco Lagged Returns
When evaluating Ameresco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ameresco stock have on its future price. Ameresco 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, Ameresco autocorrelation shows the relationship between Ameresco stock current value and its past values and can show if there is a momentum factor associated with investing in Ameresco.
Regressed Prices |
| Timeline |
Ameresco Investors Sentiment
The influence of Ameresco'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 Ameresco. 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 Ameresco's public news can be used to forecast risks associated with an investment in Ameresco. The trend in average sentiment can be used to explain how an investor holding Ameresco can time the market purely based on public headlines and social activities around Ameresco. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ameresco'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 Ameresco'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 Ameresco's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ameresco.
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 Ameresco 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, Ameresco's short interest history, or implied volatility extrapolated from Ameresco options trading.
Pair Trading with Ameresco
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 Ameresco 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 Ameresco will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ameresco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ameresco 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 Ameresco - 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 Ameresco to buy it.
The correlation of Ameresco 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 Ameresco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ameresco 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 Ameresco 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 Ameresco Correlation, Ameresco Volatility and Ameresco Alpha and Beta module to complement your research on Ameresco. For information on how to trade Ameresco Stock refer to our How to Trade Ameresco Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Ameresco Stock analysis
When running Ameresco's price analysis, check to measure Ameresco'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 Ameresco is operating at the current time. Most of Ameresco's value examination focuses on studying past and present price action to predict the probability of Ameresco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ameresco's price. Additionally, you may evaluate how the addition of Ameresco to your portfolios can decrease your overall portfolio volatility.
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Ameresco 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.