Atlassian Corp Plc Stock Market Value
| TEAM Stock | USD 199.01 0.43 0.22% |
| Symbol | Atlassian |
Atlassian Corp Plc Price To Book Ratio
Is Atlassian Corp'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 Atlassian Corp. If investors know Atlassian 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 Atlassian Corp 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 1.722 | Earnings Share (1.49) | Revenue Per Share 15.106 | Quarterly Revenue Growth 0.215 | Return On Assets (0.03) |
The market value of Atlassian Corp Plc is measured differently than its book value, which is the value of Atlassian that is recorded on the company's balance sheet. Investors also form their own opinion of Atlassian Corp's value that differs from its market value or its book value, called intrinsic value, which is Atlassian Corp'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 Atlassian Corp's market value can be influenced by many factors that don't directly affect Atlassian Corp'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 Atlassian Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlassian Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlassian Corp'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.
Atlassian Corp '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 Atlassian Corp'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 Atlassian Corp.
| 04/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Atlassian Corp on April 1, 2023 and sell it all today you would earn a total of 0.00 from holding Atlassian Corp Plc or generate 0.0% return on investment in Atlassian Corp over 390 days. Atlassian Corp is related to or competes with Workday, Salesforce, Intuit, Snowflake, Trade Desk, ServiceNow, and Unity Software. Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products wo... More
Atlassian Corp 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 Atlassian Corp'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 Atlassian Corp Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 17.9 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 3.05 |
Atlassian Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlassian Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlassian Corp's standard deviation. In reality, there are many statistical measures that can use Atlassian Corp historical prices to predict the future Atlassian Corp's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlassian Corp'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.
Atlassian Corp Plc Backtested Returns
Atlassian Corp Plc 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. Atlassian Corp Plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlassian Corp's Mean Deviation of 1.89, standard deviation of 2.82, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.67, 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, Atlassian Corp will likely underperform. Atlassian Corp Plc has an expected return of -0.31%. Please make sure to confirm Atlassian Corp Plc potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Atlassian Corp Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Atlassian Corp Plc has weak predictability. Overlapping area represents the amount of predictability between Atlassian Corp time series from 1st of April 2023 to 13th of October 2023 and 13th of October 2023 to 25th 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 Atlassian Corp Plc price movement. The serial correlation of 0.21 indicates that over 21.0% of current Atlassian Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 482.92 |
Atlassian Corp Plc lagged returns against current returns
Autocorrelation, which is Atlassian Corp 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 Atlassian Corp's stock expected returns. We can calculate the autocorrelation of Atlassian Corp returns to help us make a trade decision. For example, suppose you find that Atlassian Corp 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 |
Atlassian Corp 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 Atlassian Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlassian Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlassian Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Atlassian Corp Lagged Returns
When evaluating Atlassian Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlassian Corp stock have on its future price. Atlassian Corp 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, Atlassian Corp autocorrelation shows the relationship between Atlassian Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Atlassian Corp Plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Atlassian Corp Plc is a strong investment it is important to analyze Atlassian Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Atlassian Corp's future performance. For an informed investment choice regarding Atlassian Stock, refer to the following important reports:Check out Atlassian Corp Correlation, Atlassian Corp Volatility and Atlassian Corp Alpha and Beta module to complement your research on Atlassian Corp. Note that the Atlassian Corp Plc information on this page should be used as a complementary analysis to other Atlassian Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Atlassian Stock analysis
When running Atlassian Corp's price analysis, check to measure Atlassian Corp'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 Atlassian Corp is operating at the current time. Most of Atlassian Corp's value examination focuses on studying past and present price action to predict the probability of Atlassian Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlassian Corp's price. Additionally, you may evaluate how the addition of Atlassian Corp to your portfolios can decrease your overall portfolio volatility.
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Atlassian Corp 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.