Applied Industrial Technologies Stock Market Value
| AIT Stock | USD 273.90 6.59 2.35% |
| Symbol | Applied |
Applied Industrial Price To Book Ratio
Is Trading Companies & Distributors 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 Applied Industrial. If investors know Applied 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 Applied Industrial 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 (0.01) | Dividend Share 1.46 | Earnings Share 9.81 | Revenue Per Share 116.155 | Quarterly Revenue Growth 0.003 |
The market value of Applied Industrial is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied Industrial's value that differs from its market value or its book value, called intrinsic value, which is Applied Industrial'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 Applied Industrial's market value can be influenced by many factors that don't directly affect Applied Industrial'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 Applied Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied Industrial'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.
Applied Industrial '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 Applied Industrial'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 Applied Industrial.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Applied Industrial on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Applied Industrial Technologies or generate 0.0% return on investment in Applied Industrial over 90 days. Applied Industrial is related to or competes with Global Industrial, Core Main, BlueLinx Holdings, DXP Enterprises, WESCO International, and Ferguson Plc. Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions... More
Applied Industrial 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 Applied Industrial'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 Applied Industrial Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.1546 | |||
| Maximum Drawdown | 15.15 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 3.17 |
Applied Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Applied Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Applied Industrial's standard deviation. In reality, there are many statistical measures that can use Applied Industrial historical prices to predict the future Applied Industrial's volatility.| Risk Adjusted Performance | 0.1682 | |||
| Jensen Alpha | 0.202 | |||
| Total Risk Alpha | 0.1243 | |||
| Sortino Ratio | 0.2853 | |||
| Treynor Ratio | 0.2059 |
Applied Industrial Backtested Returns
Applied Industrial appears to be very steady, given 3 months investment horizon. Applied Industrial secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. By analyzing Applied Industrial's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Applied Industrial's Risk Adjusted Performance of 0.1682, mean deviation of 1.36, and Downside Deviation of 1.21 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Applied Industrial holds a performance score of 19. The firm shows a Beta (market volatility) of 2.23, 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, Applied Industrial will likely underperform. Please check Applied Industrial's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Applied Industrial's price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Applied Industrial Technologies has good predictability. Overlapping area represents the amount of predictability between Applied Industrial time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Applied Industrial price movement. The serial correlation of 0.75 indicates that around 75.0% of current Applied Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 403.61 |
Applied Industrial lagged returns against current returns
Autocorrelation, which is Applied Industrial 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 Applied Industrial's stock expected returns. We can calculate the autocorrelation of Applied Industrial returns to help us make a trade decision. For example, suppose you find that Applied Industrial 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 |
Applied Industrial 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 Applied Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Applied Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Applied Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Applied Industrial Lagged Returns
When evaluating Applied Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Applied Industrial stock have on its future price. Applied Industrial 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, Applied Industrial autocorrelation shows the relationship between Applied Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Applied Industrial Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Applied Stock Analysis
When running Applied Industrial's price analysis, check to measure Applied Industrial'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 Applied Industrial is operating at the current time. Most of Applied Industrial's value examination focuses on studying past and present price action to predict the probability of Applied Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Industrial's price. Additionally, you may evaluate how the addition of Applied Industrial to your portfolios can decrease your overall portfolio volatility.