Andretti Acquisition Corp Stock Market Value
| POLEW Stock | 0.16 0.03 23.08% |
| Symbol | Andretti |
Is Trading 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 Andretti Acquisition. If investors know Andretti 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 Andretti Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Andretti Acquisition Corp is measured differently than its book value, which is the value of Andretti that is recorded on the company's balance sheet. Investors also form their own opinion of Andretti Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Andretti Acquisition'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 Andretti Acquisition's market value can be influenced by many factors that don't directly affect Andretti Acquisition'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 Andretti Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Andretti Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Andretti Acquisition'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.
Andretti Acquisition '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 Andretti Acquisition'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 Andretti Acquisition.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Andretti Acquisition on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Andretti Acquisition Corp or generate 0.0% return on investment in Andretti Acquisition over 30 days. Andretti Acquisition is related to or competes with Western Digital, Broadstone Net, Comstock Holding, Valneva SE, Paysafe, Radcom, and Black Hills. Andretti Acquisition is entity of United States More
Andretti Acquisition 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 Andretti Acquisition'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 Andretti Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.32 | |||
| Information Ratio | 0.1688 | |||
| Maximum Drawdown | 116.32 | |||
| Value At Risk | (21.43) | |||
| Potential Upside | 70.0 |
Andretti Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andretti Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andretti Acquisition's standard deviation. In reality, there are many statistical measures that can use Andretti Acquisition historical prices to predict the future Andretti Acquisition's volatility.| Risk Adjusted Performance | 0.1341 | |||
| Jensen Alpha | 4.21 | |||
| Total Risk Alpha | 2.16 | |||
| Sortino Ratio | 0.2596 | |||
| Treynor Ratio | (1.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Andretti Acquisition'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.
Andretti Acquisition Corp Backtested Returns
Andretti Acquisition is out of control given 3 months investment horizon. Andretti Acquisition Corp secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 4.04% are justified by taking the suggested risk. Use Andretti Acquisition risk adjusted performance of 0.1341, and Mean Deviation of 14.73 to evaluate company specific risk that cannot be diversified away. Andretti Acquisition holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.15, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Andretti Acquisition are expected to decrease by larger amounts. On the other hand, during market turmoil, Andretti Acquisition is expected to outperform it. Use Andretti Acquisition sortino ratio, as well as the relationship between the semi variance and rate of daily change , to analyze future returns on Andretti Acquisition.
Auto-correlation | 0.17 |
Very weak predictability
Andretti Acquisition Corp has very weak predictability. Overlapping area represents the amount of predictability between Andretti Acquisition time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Andretti Acquisition Corp price movement. The serial correlation of 0.17 indicates that over 17.0% of current Andretti Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Andretti Acquisition Corp lagged returns against current returns
Autocorrelation, which is Andretti Acquisition 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 Andretti Acquisition's stock expected returns. We can calculate the autocorrelation of Andretti Acquisition returns to help us make a trade decision. For example, suppose you find that Andretti Acquisition 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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Andretti Acquisition 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 Andretti Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andretti Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andretti Acquisition stock over time.
Current vs Lagged Prices |
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Andretti Acquisition Lagged Returns
When evaluating Andretti Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andretti Acquisition stock have on its future price. Andretti Acquisition 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, Andretti Acquisition autocorrelation shows the relationship between Andretti Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Andretti Acquisition Corp.
Regressed Prices |
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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.Additional Tools for Andretti Stock Analysis
When running Andretti Acquisition's price analysis, check to measure Andretti Acquisition'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 Andretti Acquisition is operating at the current time. Most of Andretti Acquisition's value examination focuses on studying past and present price action to predict the probability of Andretti Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andretti Acquisition's price. Additionally, you may evaluate how the addition of Andretti Acquisition to your portfolios can decrease your overall portfolio volatility.