Antero Resources Corp Stock Market Value
| AR Stock | USD 33.80 0.41 1.23% |
| Symbol | Antero |
Antero Resources Corp Price To Book Ratio
Is Antero Resources' 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 Antero Resources. If investors know Antero 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 Antero Resources 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 (0.83) | Earnings Share 0.21 | Revenue Per Share 14.301 | Quarterly Revenue Growth (0.13) | Return On Assets 0.0096 |
The market value of Antero Resources Corp is measured differently than its book value, which is the value of Antero that is recorded on the company's balance sheet. Investors also form their own opinion of Antero Resources' value that differs from its market value or its book value, called intrinsic value, which is Antero Resources' 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 Antero Resources' market value can be influenced by many factors that don't directly affect Antero Resources' 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 Antero Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Antero Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Antero Resources' 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.
Antero Resources '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 Antero Resources' 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 Antero Resources.
| 02/27/2024 |
| 04/27/2024 |
If you would invest 0.00 in Antero Resources on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Antero Resources Corp or generate 0.0% return on investment in Antero Resources over 60 days. Antero Resources is related to or competes with Empire Petroleum, SandRidge Energy, Dorchester Minerals, Vista Oil, Vivakor, and Vital Energy. Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces... More
Antero Resources 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 Antero Resources' 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 Antero Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.2276 | |||
| Maximum Drawdown | 13.54 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 5.12 |
Antero Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Antero Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Antero Resources' standard deviation. In reality, there are many statistical measures that can use Antero Resources historical prices to predict the future Antero Resources' volatility.| Risk Adjusted Performance | 0.1723 | |||
| Jensen Alpha | 0.5117 | |||
| Total Risk Alpha | 0.3245 | |||
| Sortino Ratio | 0.3518 | |||
| Treynor Ratio | 0.4105 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Antero Resources' 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.
Antero Resources Corp Backtested Returns
Antero Resources appears to be very steady, given 3 months investment horizon. Antero Resources Corp secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27% return per unit of risk over the last 3 months. By analyzing Antero Resources' technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Antero Resources' Downside Deviation of 1.58, risk adjusted performance of 0.1723, and Mean Deviation of 1.6 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Antero Resources holds a performance score of 21. The firm shows a Beta (market volatility) of 1.54, 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, Antero Resources will likely underperform. Please check Antero Resources' semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Antero Resources' price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Antero Resources Corp has very good predictability. Overlapping area represents the amount of predictability between Antero Resources time series from 27th of February 2024 to 28th of March 2024 and 28th of March 2024 to 27th 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 Antero Resources Corp price movement. The serial correlation of 0.82 indicates that around 82.0% of current Antero Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.29 |
Antero Resources Corp lagged returns against current returns
Autocorrelation, which is Antero Resources 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 Antero Resources' stock expected returns. We can calculate the autocorrelation of Antero Resources returns to help us make a trade decision. For example, suppose you find that Antero Resources 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 |
Antero Resources 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 Antero Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Antero Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Antero Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Antero Resources Lagged Returns
When evaluating Antero Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Antero Resources stock have on its future price. Antero Resources 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, Antero Resources autocorrelation shows the relationship between Antero Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Antero Resources Corp.
Regressed Prices |
| Timeline |
Pair Trading with Antero Resources
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 Antero Resources 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 Antero Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Antero Stock
| 0.92 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.89 | SD | SandRidge Energy | PairCorr |
| 0.93 | SM | SM Energy | PairCorr |
Moving against Antero Stock
| 0.73 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Antero Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Antero Resources 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 Antero Resources - 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 Antero Resources Corp to buy it.
The correlation of Antero Resources 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 Antero Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Antero Resources Corp 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 Antero Resources 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 Antero Resources Correlation, Antero Resources Volatility and Antero Resources Alpha and Beta module to complement your research on Antero Resources. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Antero Stock analysis
When running Antero Resources' price analysis, check to measure Antero Resources' 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 Antero Resources is operating at the current time. Most of Antero Resources' value examination focuses on studying past and present price action to predict the probability of Antero Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Antero Resources' price. Additionally, you may evaluate how the addition of Antero Resources to your portfolios can decrease your overall portfolio volatility.
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Antero Resources 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.