Allegheny Technologies Incorporated Stock Market Value
| ATI Stock | USD 60.12 0.51 0.84% |
| Symbol | Allegheny |
Allegheny Technologies Price To Book Ratio
Is Metals & Mining 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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 (0.07) | Earnings Share 2.6 | Revenue Per Share 33.577 | Quarterly Revenue Growth 0.025 | Return On Assets 0.0557 |
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.
Allegheny Technologies '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 Allegheny Technologies' 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 Allegheny Technologies.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Allegheny Technologies on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Allegheny Technologies Incorporated or generate 0.0% return on investment in Allegheny Technologies over 30 days. Allegheny Technologies is related to or competes with Worthington Industries, ESAB Corp, Insteel Industries, Northwest Pipe, Carpenter Technology, Gulf Island, and Ryerson Holding. ATI Inc. manufactures and sells specialty materials and components worldwide More
Allegheny Technologies 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 Allegheny Technologies' 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 Allegheny Technologies Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 13.98 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 3.0 |
Allegheny Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allegheny Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allegheny Technologies' standard deviation. In reality, there are many statistical measures that can use Allegheny Technologies historical prices to predict the future Allegheny Technologies' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allegheny Technologies' 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.
Allegheny Technologies Backtested Returns
Allegheny Technologies is very steady at the moment. Allegheny Technologies secures Sharpe Ratio (or Efficiency) of 0.0096, which signifies that the company had a 0.0096% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Allegheny Technologies Incorporated, which you can use to evaluate the volatility of the firm. Please confirm Allegheny Technologies' Standard Deviation of 2.32, risk adjusted performance of (0.03), and Mean Deviation of 1.52 to double-check if the risk estimate we provide is consistent with the expected return of 0.0217%. The firm shows a Beta (market volatility) of 1.82, 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, Allegheny Technologies will likely underperform. Allegheny Technologies right now shows a risk of 2.26%. Please confirm Allegheny Technologies kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Allegheny Technologies will be following its price patterns.
Auto-correlation | 0.88 |
Very good predictability
Allegheny Technologies Incorporated has very good predictability. Overlapping area represents the amount of predictability between Allegheny Technologies time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Allegheny Technologies price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Allegheny Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 2.48 |
Allegheny Technologies lagged returns against current returns
Autocorrelation, which is Allegheny Technologies 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 Allegheny Technologies' stock expected returns. We can calculate the autocorrelation of Allegheny Technologies returns to help us make a trade decision. For example, suppose you find that Allegheny Technologies 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 |
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Allegheny Technologies 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 Allegheny Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allegheny Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allegheny Technologies stock over time.
Current vs Lagged Prices |
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Allegheny Technologies Lagged Returns
When evaluating Allegheny Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allegheny Technologies stock have on its future price. Allegheny Technologies 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, Allegheny Technologies autocorrelation shows the relationship between Allegheny Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Allegheny Technologies Incorporated.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' 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 Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:Check out Allegheny Technologies Correlation, Allegheny Technologies Volatility and Allegheny Technologies Alpha and Beta module to complement your research on Allegheny Technologies. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Allegheny Technologies 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.