Axt Inc Stock Market Value
| AXTI Stock | USD 2.04 0.02 0.99% |
| Symbol | AXT |
AXT Inc Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 AXT. If investors know AXT 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 AXT 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 (0.57) | Earnings Share (0.23) | Revenue Per Share 2.201 | Quarterly Revenue Growth 0.362 | Return On Assets (0.02) |
The market value of AXT Inc is measured differently than its book value, which is the value of AXT that is recorded on the company's balance sheet. Investors also form their own opinion of AXT's value that differs from its market value or its book value, called intrinsic value, which is AXT'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 AXT's market value can be influenced by many factors that don't directly affect AXT'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 AXT's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXT'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.
AXT '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 AXT'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 AXT.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in AXT on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding AXT Inc or generate 0.0% return on investment in AXT over 30 days. AXT is related to or competes with Veeco Instruments, Ichor Holdings, IPG Photonics, Nova, Ultra Clean, Amtech Systems, and Cohu. AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates More
AXT 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 AXT'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 AXT Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 38.81 | |||
| Value At Risk | (5.98) | |||
| Potential Upside | 6.36 |
AXT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXT's standard deviation. In reality, there are many statistical measures that can use AXT historical prices to predict the future AXT's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AXT'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.
AXT Inc Backtested Returns
AXT Inc secures Sharpe Ratio (or Efficiency) of -0.0341, which signifies that the company had a -0.0341% return per unit of risk over the last 3 months. AXT Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AXT's risk adjusted performance of (0.03), and Mean Deviation of 3.45 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.68, 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, AXT will likely underperform. At this point, AXT Inc has a negative expected return of -0.17%. Please make sure to confirm AXT's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if AXT Inc performance from the past will be repeated at future time.
Auto-correlation | -0.3 |
Weak reverse predictability
AXT Inc has weak reverse predictability. Overlapping area represents the amount of predictability between AXT 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 AXT Inc price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current AXT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
AXT Inc lagged returns against current returns
Autocorrelation, which is AXT 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 AXT's stock expected returns. We can calculate the autocorrelation of AXT returns to help us make a trade decision. For example, suppose you find that AXT 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 |
AXT 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 AXT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXT stock over time.
Current vs Lagged Prices |
| Timeline |
AXT Lagged Returns
When evaluating AXT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXT stock have on its future price. AXT 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, AXT autocorrelation shows the relationship between AXT stock current value and its past values and can show if there is a momentum factor associated with investing in AXT Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether AXT Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AXT's 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 Axt Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Axt Inc Stock:Check out AXT Correlation, AXT Volatility and AXT Alpha and Beta module to complement your research on AXT. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
AXT 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.