Atn International Stock Market Value
| ATNI Stock | USD 27.62 0.29 1.06% |
| Symbol | ATN |
ATN International Price To Book Ratio
Is ATN International'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 ATN International. If investors know ATN 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 ATN International 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 (0.57) | Dividend Share 0.87 | Earnings Share (1.25) | Revenue Per Share 48.876 | Quarterly Revenue Growth 0.036 |
The market value of ATN International is measured differently than its book value, which is the value of ATN that is recorded on the company's balance sheet. Investors also form their own opinion of ATN International's value that differs from its market value or its book value, called intrinsic value, which is ATN International'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 ATN International's market value can be influenced by many factors that don't directly affect ATN International'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 ATN International's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATN International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATN International'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.
ATN International '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 ATN International'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 ATN International.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in ATN International on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding ATN International or generate 0.0% return on investment in ATN International over 30 days. ATN International is related to or competes with Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and 70082LAB3. ATN International, Inc., through its subsidiaries, provides telecommunications services More
ATN International 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 ATN International'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 ATN International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 34.4 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 3.63 |
ATN International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATN International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATN International's standard deviation. In reality, there are many statistical measures that can use ATN International historical prices to predict the future ATN International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ATN International'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.
ATN International Backtested Returns
ATN International secures Sharpe Ratio (or Efficiency) of -0.0582, which signifies that the company had a -0.0582% return per unit of return volatility over the last 3 months. ATN International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ATN International's Coefficient Of Variation of (1,457), mean deviation of 2.65, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.09, which signifies a somewhat significant risk relative to the market. ATN International returns are very sensitive to returns on the market. As the market goes up or down, ATN International is expected to follow. ATN International has an expected return of -0.3%. Please make sure to confirm ATN International kurtosis, and the relationship between the maximum drawdown and day median price , to decide if ATN International performance from the past will be repeated at future time.
Auto-correlation | 0.03 |
Virtually no predictability
ATN International has virtually no predictability. Overlapping area represents the amount of predictability between ATN International time series from 17th of March 2024 to 1st of April 2024 and 1st of April 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 ATN International price movement. The serial correlation of 0.03 indicates that only 3.0% of current ATN International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
ATN International lagged returns against current returns
Autocorrelation, which is ATN International 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 ATN International's stock expected returns. We can calculate the autocorrelation of ATN International returns to help us make a trade decision. For example, suppose you find that ATN International 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 |
ATN International 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 ATN International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATN International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATN International stock over time.
Current vs Lagged Prices |
| Timeline |
ATN International Lagged Returns
When evaluating ATN International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATN International stock have on its future price. ATN International 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, ATN International autocorrelation shows the relationship between ATN International stock current value and its past values and can show if there is a momentum factor associated with investing in ATN International.
Regressed Prices |
| Timeline |
Pair Trading with ATN International
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 ATN International 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 ATN International will appreciate offsetting losses from the drop in the long position's value.Moving together with ATN Stock
| 0.88 | BCE | BCE Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.84 | IRDM | Iridium Communications Earnings Call This Week | PairCorr |
Moving against ATN Stock
| 0.8 | SE | Sea Financial Report 21st of May 2024 | PairCorr |
| 0.6 | CURIW | CuriosityStream | PairCorr |
| 0.6 | IQ | iQIYI Inc Financial Report 21st of May 2024 | PairCorr |
| 0.59 | DJCO | Daily Journal Corp | PairCorr |
| 0.56 | VEON | VEON Report 28th of June 2024 | PairCorr |
The ability to find closely correlated positions to ATN International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATN International 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 ATN International - 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 ATN International to buy it.
The correlation of ATN International 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 ATN International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATN International 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 ATN International 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 ATN International Correlation, ATN International Volatility and ATN International Alpha and Beta module to complement your research on ATN International. For more detail on how to invest in ATN Stock please use our How to Invest in ATN International guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for ATN Stock analysis
When running ATN International's price analysis, check to measure ATN International'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 ATN International is operating at the current time. Most of ATN International's value examination focuses on studying past and present price action to predict the probability of ATN International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATN International's price. Additionally, you may evaluate how the addition of ATN International to your portfolios can decrease your overall portfolio volatility.
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ATN International 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.