Aqua Metals Stock Market Value
| AQMS Stock | USD 0.50 0 0.20% |
| Symbol | Aqua |
Aqua Metals Price To Book Ratio
Is Aqua Metals' 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 Aqua Metals. If investors know Aqua 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 Aqua Metals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.25) | Quarterly Revenue Growth (1.00) | Return On Assets (0.37) | Return On Equity (1.02) |
The market value of Aqua Metals is measured differently than its book value, which is the value of Aqua that is recorded on the company's balance sheet. Investors also form their own opinion of Aqua Metals' value that differs from its market value or its book value, called intrinsic value, which is Aqua Metals' 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 Aqua Metals' market value can be influenced by many factors that don't directly affect Aqua Metals' 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 Aqua Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aqua Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aqua Metals' 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.
Aqua Metals '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 Aqua Metals' 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 Aqua Metals.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in Aqua Metals on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding Aqua Metals or generate 0.0% return on investment in Aqua Metals over 180 days. Aqua Metals is related to or competes with LanzaTech Global, Waste Management, Clean Harbors, Casella Waste, Stericycle, Montrose Environmental, and Waste Connections. Aqua Metals, Inc. engages in the recycling of lead primarily in the United States More
Aqua Metals 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 Aqua Metals' 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 Aqua Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 40.31 | |||
| Value At Risk | (7.58) | |||
| Potential Upside | 8.33 |
Aqua Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aqua Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aqua Metals' standard deviation. In reality, there are many statistical measures that can use Aqua Metals historical prices to predict the future Aqua Metals' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aqua Metals' 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.
Aqua Metals Backtested Returns
Aqua Metals secures Sharpe Ratio (or Efficiency) of -0.0224, which signifies that the company had a -0.0224% return per unit of risk over the last 3 months. Aqua Metals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aqua Metals' Standard Deviation of 5.82, risk adjusted performance of (0.01), and Mean Deviation of 3.61 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Aqua Metals returns are very sensitive to returns on the market. As the market goes up or down, Aqua Metals is expected to follow. Aqua Metals has an expected return of -0.13%. Please make sure to confirm Aqua Metals treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Aqua Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Aqua Metals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aqua Metals time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th 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 Aqua Metals price movement. The serial correlation of -0.2 indicates that over 20.0% of current Aqua Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aqua Metals lagged returns against current returns
Autocorrelation, which is Aqua Metals 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 Aqua Metals' stock expected returns. We can calculate the autocorrelation of Aqua Metals returns to help us make a trade decision. For example, suppose you find that Aqua Metals 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 |
Aqua Metals 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 Aqua Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aqua Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aqua Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Aqua Metals Lagged Returns
When evaluating Aqua Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aqua Metals stock have on its future price. Aqua Metals 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, Aqua Metals autocorrelation shows the relationship between Aqua Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Aqua Metals.
Regressed Prices |
| Timeline |
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 Aqua Metals 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, Aqua Metals' short interest history, or implied volatility extrapolated from Aqua Metals options trading.
Pair Trading with Aqua Metals
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 Aqua Metals 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 Aqua Metals will appreciate offsetting losses from the drop in the long position's value.Moving against Aqua Stock
| 0.66 | RELX | Relx PLC ADR | PairCorr |
| 0.62 | TRI | Thomson Reuters Corp Financial Report 7th of May 2024 | PairCorr |
| 0.62 | MLKN | MillerKnoll Financial Report 10th of July 2024 | PairCorr |
| 0.51 | WM | Waste Management Earnings Call This Week | PairCorr |
| 0.5 | BTM | Bitcoin Depot Symbol Change | PairCorr |
The ability to find closely correlated positions to Aqua Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aqua Metals 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 Aqua Metals - 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 Aqua Metals to buy it.
The correlation of Aqua Metals 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 Aqua Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aqua Metals 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 Aqua Metals 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 Aqua Metals Correlation, Aqua Metals Volatility and Aqua Metals Alpha and Beta module to complement your research on Aqua Metals. For more information on how to buy Aqua Stock please use our How to Invest in Aqua Metals guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Aqua Stock analysis
When running Aqua Metals' price analysis, check to measure Aqua Metals' 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 Aqua Metals is operating at the current time. Most of Aqua Metals' value examination focuses on studying past and present price action to predict the probability of Aqua Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aqua Metals' price. Additionally, you may evaluate how the addition of Aqua Metals to your portfolios can decrease your overall portfolio volatility.
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Aqua Metals 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.