Altisource Portfolio Solutions Stock Market Value
| ASPS Stock | USD 1.97 0.10 5.35% |
| Symbol | Altisource |
Altisource Portfolio Price To Book Ratio
Is Altisource Portfolio'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 Altisource Portfolio. If investors know Altisource 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 Altisource Portfolio 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 (0.10) | Earnings Share (2.51) | Revenue Per Share 6.471 | Quarterly Revenue Growth (0.02) | Return On Assets (0.06) |
The market value of Altisource Portfolio is measured differently than its book value, which is the value of Altisource that is recorded on the company's balance sheet. Investors also form their own opinion of Altisource Portfolio's value that differs from its market value or its book value, called intrinsic value, which is Altisource Portfolio'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 Altisource Portfolio's market value can be influenced by many factors that don't directly affect Altisource Portfolio'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 Altisource Portfolio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altisource Portfolio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altisource Portfolio'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.
Altisource Portfolio '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 Altisource Portfolio'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 Altisource Portfolio.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Altisource Portfolio on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Altisource Portfolio Solutions or generate 0.0% return on investment in Altisource Portfolio over 30 days. Altisource Portfolio is related to or competes with New England, Marcus Millichap, FirstService Corp, Maui Land, Re Max, Frp Holdings, and Anywhere Real. Altisource Portfolio Solutions S.A. operates as an integrated service provider and marketplace for the real estate and m... More
Altisource Portfolio 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 Altisource Portfolio'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 Altisource Portfolio Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 25.04 | |||
| Value At Risk | (7.53) | |||
| Potential Upside | 5.35 |
Altisource Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altisource Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altisource Portfolio's standard deviation. In reality, there are many statistical measures that can use Altisource Portfolio historical prices to predict the future Altisource Portfolio's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | 2.7 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altisource Portfolio'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.
Altisource Portfolio Backtested Returns
Altisource Portfolio secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Altisource Portfolio Solutions exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altisource Portfolio's Mean Deviation of 3.49, standard deviation of 4.56, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Altisource Portfolio are expected to decrease at a much lower rate. During the bear market, Altisource Portfolio is likely to outperform the market. Altisource Portfolio has an expected return of -0.51%. Please make sure to confirm Altisource Portfolio treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Altisource Portfolio performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Altisource Portfolio Solutions has excellent reverse predictability. Overlapping area represents the amount of predictability between Altisource Portfolio time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th 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 Altisource Portfolio price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Altisource Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Altisource Portfolio lagged returns against current returns
Autocorrelation, which is Altisource Portfolio 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 Altisource Portfolio's stock expected returns. We can calculate the autocorrelation of Altisource Portfolio returns to help us make a trade decision. For example, suppose you find that Altisource Portfolio 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 |
Altisource Portfolio 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 Altisource Portfolio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altisource Portfolio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altisource Portfolio stock over time.
Current vs Lagged Prices |
| Timeline |
Altisource Portfolio Lagged Returns
When evaluating Altisource Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altisource Portfolio stock have on its future price. Altisource Portfolio 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, Altisource Portfolio autocorrelation shows the relationship between Altisource Portfolio stock current value and its past values and can show if there is a momentum factor associated with investing in Altisource Portfolio Solutions.
Regressed Prices |
| Timeline |
Pair Trading with Altisource Portfolio
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 Altisource Portfolio 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 Altisource Portfolio will appreciate offsetting losses from the drop in the long position's value.Moving together with Altisource Stock
| 0.7 | UK | Ucommune International | PairCorr |
| 0.89 | ZG | Zillow Group Financial Report 1st of May 2024 | PairCorr |
| 0.86 | DOUG | Douglas Elliman Financial Report 9th of May 2024 | PairCorr |
Moving against Altisource Stock
| 0.84 | BHM | Bluerock Homes Trust | PairCorr |
| 0.46 | FOR | Forestar Group Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to Altisource Portfolio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altisource Portfolio 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 Altisource Portfolio - 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 Altisource Portfolio Solutions to buy it.
The correlation of Altisource Portfolio 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 Altisource Portfolio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altisource Portfolio 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 Altisource Portfolio 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 Altisource Portfolio Correlation, Altisource Portfolio Volatility and Altisource Portfolio Alpha and Beta module to complement your research on Altisource Portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Altisource Stock analysis
When running Altisource Portfolio's price analysis, check to measure Altisource Portfolio'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 Altisource Portfolio is operating at the current time. Most of Altisource Portfolio's value examination focuses on studying past and present price action to predict the probability of Altisource Portfolio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altisource Portfolio's price. Additionally, you may evaluate how the addition of Altisource Portfolio to your portfolios can decrease your overall portfolio volatility.
| CEOs Directory Screen CEOs from public companies around the world | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |
Altisource Portfolio 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.