Ames National Stock Market Value
| ATLO Stock | USD 19.01 0.29 1.50% |
| Symbol | Ames |
Ames National Price To Book Ratio
Is Ames National'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 Ames National. If investors know Ames 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 Ames National 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 (0.51) | Dividend Share 1.08 | Earnings Share 1.2 | Revenue Per Share 5.814 | Quarterly Revenue Growth (0.20) |
The market value of Ames National is measured differently than its book value, which is the value of Ames that is recorded on the company's balance sheet. Investors also form their own opinion of Ames National's value that differs from its market value or its book value, called intrinsic value, which is Ames National'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 Ames National's market value can be influenced by many factors that don't directly affect Ames National'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 Ames National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ames National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ames National'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.
Ames National '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 Ames National'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 Ames National.
| 02/16/2024 |
| 04/16/2024 |
If you would invest 0.00 in Ames National on February 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ames National or generate 0.0% return on investment in Ames National over 60 days. Ames National is related to or competes with Home Bancorp, and Northfield Bancorp. Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily... More
Ames National 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 Ames National'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 Ames National upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.09 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 4.05 |
Ames National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ames National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ames National's standard deviation. In reality, there are many statistical measures that can use Ames National historical prices to predict the future Ames National's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ames National'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.
Ames National Backtested Returns
We consider Ames National not too volatile. Ames National secures Sharpe Ratio (or Efficiency) of 0.0096, which signifies that the company had a 0.0096% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Ames National, which you can use to evaluate the volatility of the firm. Please confirm Ames National's mean deviation of 1.82, and Risk Adjusted Performance of (0) to double-check if the risk estimate we provide is consistent with the expected return of 0.0233%. The firm shows a Beta (market volatility) of 1.46, 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, Ames National will likely underperform. Ames National right now shows a risk of 2.43%. Please confirm Ames National total risk alpha, as well as the relationship between the skewness and day median price , to decide if Ames National will be following its price patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Ames National has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ames National time series from 16th of February 2024 to 17th of March 2024 and 17th of March 2024 to 16th 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 Ames National price movement. The serial correlation of -0.73 indicates that around 73.0% of current Ames National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Ames National lagged returns against current returns
Autocorrelation, which is Ames National 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 Ames National's stock expected returns. We can calculate the autocorrelation of Ames National returns to help us make a trade decision. For example, suppose you find that Ames National 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 |
Ames National 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 Ames National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ames National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ames National stock over time.
Current vs Lagged Prices |
| Timeline |
Ames National Lagged Returns
When evaluating Ames National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ames National stock have on its future price. Ames National 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, Ames National autocorrelation shows the relationship between Ames National stock current value and its past values and can show if there is a momentum factor associated with investing in Ames National.
Regressed Prices |
| Timeline |
Pair Trading with Ames National
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 Ames National 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 Ames National will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ames National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ames National 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 Ames National - 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 Ames National to buy it.
The correlation of Ames National 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 Ames National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ames National 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 Ames National 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 Ames National Correlation, Ames National Volatility and Ames National Alpha and Beta module to complement your research on Ames National. To learn how to invest in Ames Stock, please use our How to Invest in Ames National guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Ames Stock analysis
When running Ames National's price analysis, check to measure Ames National'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 Ames National is operating at the current time. Most of Ames National's value examination focuses on studying past and present price action to predict the probability of Ames National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ames National's price. Additionally, you may evaluate how the addition of Ames National to your portfolios can decrease your overall portfolio volatility.
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Ames National 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.