American Tower (Brazil) Market Value
| T1OW34 Stock | BRL 48.88 1.86 3.96% |
| Symbol | American |
American Tower '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 American Tower'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 American Tower.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in American Tower on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding American Tower or generate 0.0% return on investment in American Tower over 90 days. American Tower is related to or competes with Teladoc Health, Unity Software, Take Two, Capital One, Electronic Arts, CVS Health, and UnitedHealth Group. American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant c... More
American Tower 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 American Tower'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 American Tower upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.95 | |||
| Value At Risk | (4.98) | |||
| Potential Upside | 3.34 |
American Tower Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Tower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Tower's standard deviation. In reality, there are many statistical measures that can use American Tower historical prices to predict the future American Tower's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (23.02) |
American Tower Backtested Returns
American Tower secures Sharpe Ratio (or Efficiency) of -0.0317, which signifies that the company had a -0.0317% return per unit of standard deviation over the last 3 months. American Tower exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Tower's mean deviation of 1.54, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.004, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American Tower's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Tower is expected to be smaller as well. At this point, American Tower has a negative expected return of -0.0728%. Please make sure to confirm American Tower's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if American Tower performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
American Tower has very weak predictability. Overlapping area represents the amount of predictability between American Tower time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 American Tower price movement. The serial correlation of 0.18 indicates that over 18.0% of current American Tower price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 4.18 |
American Tower lagged returns against current returns
Autocorrelation, which is American Tower 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 American Tower's stock expected returns. We can calculate the autocorrelation of American Tower returns to help us make a trade decision. For example, suppose you find that American Tower 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 |
American Tower 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 American Tower stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Tower stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Tower stock over time.
Current vs Lagged Prices |
| Timeline |
American Tower Lagged Returns
When evaluating American Tower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Tower stock have on its future price. American Tower 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, American Tower autocorrelation shows the relationship between American Tower stock current value and its past values and can show if there is a momentum factor associated with investing in American Tower.
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 American Stock
American Tower financial ratios help investors to determine whether American 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 American with respect to the benefits of owning American Tower security.