Atkore Stock Performance

ATKR -  USA Stock  

USD 71.85  0.60  0.84%

The firm shows a Beta (market volatility) of 2.159, which signifies a somewhat significant risk relative to the market. Let's try to break down what Atkore's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Atkore will likely underperform. Even though it is essential to pay attention to Atkore Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Atkore Inc exposes twenty-one different technical indicators, which can help you to evaluate its performance. Atkore Inc has an expected return of -0.12%. Please be advised to confirm Atkore Inc information ratio, as well as the relationship between the potential upside and kurtosis to decide if Atkore Inc performance from the past will be repeated at some point in the near future.

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 Atkore Performance
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Over the last 90 days Atkore Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest weak performance, the Stock's forward-looking signals remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the enterprise retail investors. ...more

Atkore Price Channel

Quick Ratio2.26
Fifty Two Week Low20.42
Target High Price97.00
Fifty Two Week High90.08
Target Low Price87.00

Atkore Relative Risk vs. Return Landscape

If you would invest  7,834  in Atkore Inc on April 29, 2021 and sell it today you would lose (709.00)  from holding Atkore Inc or give up 9.05% of portfolio value over 90 days. Atkore Inc is currently does not generate positive expected returns and assumes 2.3992% risk (volatility on return distribution) over the 90 days horizon. In different words, 20% of stocks are less volatile than Atkore, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Atkore is expected to under-perform the market. In addition to that, the company is 3.2 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of volatility.

Atkore Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Atkore's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Atkore Inc, and traders can use it to determine the average amount a Atkore's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0519

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Negative ReturnsATKR
Estimated Market Risk
 2.4
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 20 %
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2020
Expected Return
 -0.12
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 -0.05
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Based on monthly moving average Atkore is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Atkore by adding it to a well-diversified portfolio.

About Atkore Performance

To evaluate Atkore Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Atkore generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Atkore Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Atkore Inc stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Atkore's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Effect of Exchange Rate Changes on Cash1.1 M1.2 M
Return on Investment 19.08  15.18 
Return on Average Assets 0.12  0.11 
Return on Average Equity 0.55  0.54 
Return on Invested Capital 0.19  0.17 
Return on Sales 0.16  0.17 
Atkore Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions in the United States and internationally. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois. Atkore operates under Electrical Equipment Parts classification in the United States and is traded on New York Stock Exchange. It employs 3256 people.

Things to note about Atkore Inc

Checking the ongoing alerts about Atkore for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Atkore Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Atkore Alerts

Equity Alerts and Improvement Suggestions

Atkore Inc generates negative expected return over the last 90 days
Over 100.0% of the company shares are held by institutions such as insurance companies
Latest headline from markets.businessinsider.com: Atkore International, Inc. -- Moodys announces completion of a periodic review of ratings of Atkore Inc. - Markets Insider
Please continue to Trending Equities. Note that the Atkore Inc information on this page should be used as a complementary analysis to other Atkore'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Atkore Inc price analysis, check to measure Atkore'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 Atkore is operating at the current time. Most of Atkore's value examination focuses on studying past and present price action to predict the probability of Atkore's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Atkore's price. Additionally, you may evaluate how the addition of Atkore to your portfolios can decrease your overall portfolio volatility.
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The market value of Atkore Inc is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore's value that differs from its market value or its book value, called intrinsic value, which is Atkore'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 Atkore's market value can be influenced by many factors that don't directly affect Atkore Inc underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atkore's value and its price as these two are different measures arrived at by different means. Investors typically determine Atkore value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore'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.