Axt Inc Stock Market Value
| AXTI Stock | USD 3.86 0.07 1.78% |
| Symbol | AXT |
AXT Inc Price To Book Ratio
Is AXT'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 AXT. If investors know AXT 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 AXT 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) | Earnings Share (0.39) | Revenue Per Share 1.849 | Quarterly Revenue Growth 0.169 | Return On Assets (0.04) |
The market value of AXT Inc is measured differently than its book value, which is the value of AXT that is recorded on the company's balance sheet. Investors also form their own opinion of AXT's value that differs from its market value or its book value, called intrinsic value, which is AXT'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 AXT's market value can be influenced by many factors that don't directly affect AXT'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 AXT's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXT'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.
AXT '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 AXT'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 AXT.
| 11/09/2023 |
| 05/07/2024 |
If you would invest 0.00 in AXT on November 9, 2023 and sell it all today you would earn a total of 0.00 from holding AXT Inc or generate 0.0% return on investment in AXT over 180 days. AXT is related to or competes with Sunrun, and Sunnova Energy. AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates More
AXT 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 AXT'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 AXT Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.78 | |||
| Information Ratio | 0.1012 | |||
| Maximum Drawdown | 104.25 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 17.36 |
AXT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXT's standard deviation. In reality, there are many statistical measures that can use AXT historical prices to predict the future AXT's volatility.| Risk Adjusted Performance | 0.0768 | |||
| Jensen Alpha | 0.8691 | |||
| Total Risk Alpha | 0.0286 | |||
| Sortino Ratio | 0.1484 | |||
| Treynor Ratio | 0.2266 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AXT'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.
AXT Inc Backtested Returns
AXT is dangerous given 3 months investment horizon. AXT Inc 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. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.31% are justified by taking the suggested risk. Use AXT risk adjusted performance of 0.0768, and Mean Deviation of 6.1 to evaluate company specific risk that cannot be diversified away. AXT holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 5.39, 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, AXT will likely underperform. Use AXT value at risk, as well as the relationship between the skewness and day median price , to analyze future returns on AXT.
Auto-correlation | 0.10 |
Insignificant predictability
AXT Inc has insignificant predictability. Overlapping area represents the amount of predictability between AXT time series from 9th of November 2023 to 7th of February 2024 and 7th of February 2024 to 7th of May 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 AXT Inc price movement. The serial correlation of 0.1 indicates that less than 10.0% of current AXT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
AXT Inc lagged returns against current returns
Autocorrelation, which is AXT 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 AXT's stock expected returns. We can calculate the autocorrelation of AXT returns to help us make a trade decision. For example, suppose you find that AXT 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 |
AXT 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 AXT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXT stock over time.
Current vs Lagged Prices |
| Timeline |
AXT Lagged Returns
When evaluating AXT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXT stock have on its future price. AXT 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, AXT autocorrelation shows the relationship between AXT stock current value and its past values and can show if there is a momentum factor associated with investing in AXT Inc.
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 AXT 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, AXT's short interest history, or implied volatility extrapolated from AXT options trading.
Pair Trading with AXT
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 AXT 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 AXT will appreciate offsetting losses from the drop in the long position's value.Moving together with AXT Stock
| 0.69 | ENTG | Entegris Financial Report 9th of May 2024 | PairCorr |
Moving against AXT Stock
| 0.58 | VLN | Valens Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to AXT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AXT 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 AXT - 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 AXT Inc to buy it.
The correlation of AXT 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 AXT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AXT Inc 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 AXT 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 AXT Correlation, AXT Volatility and AXT Alpha and Beta module to complement your research on AXT. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for AXT Stock analysis
When running AXT's price analysis, check to measure AXT'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 AXT is operating at the current time. Most of AXT's value examination focuses on studying past and present price action to predict the probability of AXT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AXT's price. Additionally, you may evaluate how the addition of AXT to your portfolios can decrease your overall portfolio volatility.
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AXT 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.