Atlas Corp Preferred Stock Market Value

ATCO-PD Preferred Stock  USD 25.15  0.10  0.40%   
Atlas Corp's market value is the price at which a share of Atlas Corp trades on a public exchange. It measures the collective expectations of Atlas Corp investors about its performance. Atlas Corp is trading at 25.15 as of the 22nd of December 2024, a 0.4% down since the beginning of the trading day. The preferred stock's lowest day price was 25.15.
With this module, you can estimate the performance of a buy and hold strategy of Atlas Corp and determine expected loss or profit from investing in Atlas Corp over a given investment horizon. Check out Atlas Corp Correlation, Atlas Corp Volatility and Atlas Corp Alpha and Beta module to complement your research on Atlas Corp.
For information on how to trade Atlas Preferred Stock refer to our How to Trade Atlas Preferred Stock guide.
Symbol

Please note, there is a significant difference between Atlas Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlas Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlas 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.

Atlas 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 Atlas Corp's preferred 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 Atlas Corp.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in Atlas Corp on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Atlas Corp or generate 0.0% return on investment in Atlas Corp over 60 days. Atlas Corp is related to or competes with Atlas Corp, Costamare, Costamare, Thrivent High, Morningstar Unconstrained, Via Renewables, and T Rowe. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships More

Atlas 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 Atlas Corp's preferred 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 Atlas Corp upside and downside potential and time the market with a certain degree of confidence.

Atlas Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Corp's standard deviation. In reality, there are many statistical measures that can use Atlas Corp historical prices to predict the future Atlas Corp's volatility.
Hype
Prediction
LowEstimatedHigh
24.6925.1525.61
Details
Intrinsic
Valuation
LowRealHigh
23.6424.1027.67
Details
Naive
Forecast
LowNextHigh
24.6825.1425.59
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.9925.1825.37
Details

Atlas Corp Backtested Returns

At this point, Atlas Corp is very steady. Atlas Corp secures Sharpe Ratio (or Efficiency) of 0.0414, which signifies that the company had a 0.0414% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Atlas Corp, which you can use to evaluate the volatility of the firm. Please confirm Atlas Corp's Downside Deviation of 0.507, risk adjusted performance of 0.0154, and Mean Deviation of 0.3563 to double-check if the risk estimate we provide is consistent with the expected return of 0.0189%. Atlas Corp has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0286, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atlas Corp are expected to decrease at a much lower rate. During the bear market, Atlas Corp is likely to outperform the market. Atlas Corp right now shows a risk of 0.46%. Please confirm Atlas Corp jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Atlas Corp will be following its price patterns.

Auto-correlation

    
  0.29  

Poor predictability

Atlas Corp has poor predictability. Overlapping area represents the amount of predictability between Atlas Corp time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd of December 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 Atlas Corp price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Atlas Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test0.16
Residual Average0.0
Price Variance0.01

Atlas Corp lagged returns against current returns

Autocorrelation, which is Atlas Corp preferred 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 Atlas Corp's preferred stock expected returns. We can calculate the autocorrelation of Atlas Corp returns to help us make a trade decision. For example, suppose you find that Atlas Corp has exhibited high autocorrelation historically, and you observe that the preferred 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  

Atlas 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 Atlas Corp preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Corp preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Corp preferred stock over time.
   Current vs Lagged Prices   
       Timeline  

Atlas Corp Lagged Returns

When evaluating Atlas Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Corp preferred stock have on its future price. Atlas 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, Atlas Corp autocorrelation shows the relationship between Atlas Corp preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Corp.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Atlas Preferred Stock

Atlas Corp financial ratios help investors to determine whether Atlas Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Atlas with respect to the benefits of owning Atlas Corp security.