Azek Company Stock Market Value
| AZEK Stock | USD 53.12 0.86 1.65% |
| Symbol | Azek |
Azek Company Price To Book Ratio
Is Building Products 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 Azek. If investors know Azek 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 Azek 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 0.478 | Earnings Share 1.04 | Revenue Per Share 10.094 | Quarterly Revenue Growth 0.121 | Return On Assets 0.0603 |
The market value of Azek Company is measured differently than its book value, which is the value of Azek that is recorded on the company's balance sheet. Investors also form their own opinion of Azek's value that differs from its market value or its book value, called intrinsic value, which is Azek'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 Azek's market value can be influenced by many factors that don't directly affect Azek'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 Azek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azek'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.
Azek '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 Azek'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 Azek.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Azek on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Azek Company or generate 0.0% return on investment in Azek over 360 days. Azek is related to or competes with Louisiana Pacific, Masco, Fortune Brands, Trane Technologies, Quanex Building, Apogee Enterprises, and Beacon Roofing. The AZEK Company Inc. engages in designing, manufacturing, and selling building products for residential, commercial, an... More
Azek 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 Azek'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 Azek Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.1357 | |||
| Maximum Drawdown | 8.77 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.48 |
Azek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azek's standard deviation. In reality, there are many statistical measures that can use Azek historical prices to predict the future Azek's volatility.| Risk Adjusted Performance | 0.1691 | |||
| Jensen Alpha | 0.243 | |||
| Total Risk Alpha | 0.0726 | |||
| Sortino Ratio | 0.1406 | |||
| Treynor Ratio | 0.3789 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Azek'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.
Azek Company Backtested Returns
Azek appears to be very steady, given 3 months investment horizon. Azek Company secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Azek Company, which you can use to evaluate the volatility of the firm. Please makes use of Azek's mean deviation of 1.34, and Risk Adjusted Performance of 0.1691 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Azek holds a performance score of 18. The firm shows a Beta (market volatility) of 0.97, which signifies possible diversification benefits within a given portfolio. Azek returns are very sensitive to returns on the market. As the market goes up or down, Azek is expected to follow. Please check Azek's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Azek's price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Azek Company has virtually no predictability. Overlapping area represents the amount of predictability between Azek time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Azek Company price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Azek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 7.02 |
Azek Company lagged returns against current returns
Autocorrelation, which is Azek 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 Azek's stock expected returns. We can calculate the autocorrelation of Azek returns to help us make a trade decision. For example, suppose you find that Azek 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 |
Azek 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 Azek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azek stock over time.
Current vs Lagged Prices |
| Timeline |
Azek Lagged Returns
When evaluating Azek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azek stock have on its future price. Azek 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, Azek autocorrelation shows the relationship between Azek stock current value and its past values and can show if there is a momentum factor associated with investing in Azek Company.
Regressed Prices |
| Timeline |
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Azek 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.