Manhattan Associates Stock Market Value
| MANH Stock | USD 228.84 0.30 0.13% |
| Symbol | Manhattan |
Manhattan Associates Price To Book Ratio
Is Application Software space 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 Manhattan Associates. If investors know Manhattan 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 Manhattan Associates listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 3.07 | Revenue Per Share 15.603 | Quarterly Revenue Growth 0.166 | Return On Assets 0.2285 | Return On Equity 0.9108 |
The market value of Manhattan Associates is measured differently than its book value, which is the value of Manhattan that is recorded on the company's balance sheet. Investors also form their own opinion of Manhattan Associates' value that differs from its market value or its book value, called intrinsic value, which is Manhattan Associates' 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 Manhattan Associates' market value can be influenced by many factors that don't directly affect Manhattan Associates' 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 Manhattan Associates' value and its price as these two are different measures arrived at by different means. Investors typically determine if Manhattan Associates is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manhattan Associates' 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.
Manhattan Associates '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 Manhattan Associates' 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 Manhattan Associates.
| 05/18/2024 |
| 06/17/2024 |
If you would invest 0.00 in Manhattan Associates on May 18, 2024 and sell it all today you would earn a total of 0.00 from holding Manhattan Associates or generate 0.0% return on investment in Manhattan Associates over 30 days. Manhattan Associates is related to or competes with Skkynet Cloud, BYND Cannasoft, Glimpse, and Ipsidy. Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains,... More
Manhattan Associates 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 Manhattan Associates' 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 Manhattan Associates upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.78 |
Manhattan Associates Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manhattan Associates' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manhattan Associates' standard deviation. In reality, there are many statistical measures that can use Manhattan Associates historical prices to predict the future Manhattan Associates' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Manhattan Associates' 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.
Manhattan Associates Backtested Returns
Manhattan Associates has Sharpe Ratio of -0.0638, which conveys that the firm had a -0.0638% return per unit of risk over the last 3 months. Manhattan Associates exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Manhattan Associates' Standard Deviation of 2.02, mean deviation of 1.36, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.39, which conveys 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, Manhattan Associates will likely underperform. At this point, Manhattan Associates has a negative expected return of -0.13%. Please make sure to verify Manhattan Associates' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Manhattan Associates performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Manhattan Associates has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Manhattan Associates time series from 18th of May 2024 to 2nd of June 2024 and 2nd of June 2024 to 17th of June 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 Manhattan Associates price movement. The serial correlation of -0.71 indicates that around 71.0% of current Manhattan Associates price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 29.17 |
Manhattan Associates lagged returns against current returns
Autocorrelation, which is Manhattan Associates 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 Manhattan Associates' stock expected returns. We can calculate the autocorrelation of Manhattan Associates returns to help us make a trade decision. For example, suppose you find that Manhattan Associates 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 |
Manhattan Associates 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 Manhattan Associates stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manhattan Associates stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manhattan Associates stock over time.
Current vs Lagged Prices |
| Timeline |
Manhattan Associates Lagged Returns
When evaluating Manhattan Associates' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manhattan Associates stock have on its future price. Manhattan Associates 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, Manhattan Associates autocorrelation shows the relationship between Manhattan Associates stock current value and its past values and can show if there is a momentum factor associated with investing in Manhattan Associates.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| QUAL | iShares MSCI USA | |
| CGDV | Capital Group Dividend | |
| SCHG | Schwab Large Cap Growth | |
| XMMO | Invesco SP MidCap | |
| TCSG | TCS Group Holding |
Additional Information and Resources on Investing in Manhattan Stock
When determining whether Manhattan Associates offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Manhattan Associates' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Manhattan Associates Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Manhattan Associates Stock:Check out Manhattan Associates Correlation, Manhattan Associates Volatility and Manhattan Associates Alpha and Beta module to complement your research on Manhattan Associates. For more detail on how to invest in Manhattan Stock please use our How to Invest in Manhattan Associates guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Manhattan Associates 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.