Antero Midstream Partners Stock Market Value
| AM Stock | USD 13.82 0.17 1.25% |
| Symbol | Antero |
Antero Midstream Partners Price To Book Ratio
Is Antero Midstream's industry 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 Antero Midstream. If investors know Antero 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 Antero Midstream 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 0.232 | Dividend Share 0.9 | Earnings Share 0.77 | Revenue Per Share 2.321 | Quarterly Revenue Growth 0.072 |
The market value of Antero Midstream Partners is measured differently than its book value, which is the value of Antero that is recorded on the company's balance sheet. Investors also form their own opinion of Antero Midstream's value that differs from its market value or its book value, called intrinsic value, which is Antero Midstream'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 Antero Midstream's market value can be influenced by many factors that don't directly affect Antero Midstream'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 Antero Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Antero Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Antero Midstream'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.
Antero Midstream '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 Antero Midstream'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 Antero Midstream.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in Antero Midstream on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Antero Midstream Partners or generate 0.0% return on investment in Antero Midstream over 180 days. Antero Midstream is related to or competes with EnLink Midstream, Western Midstream, Plains GP, Plains All, Hess Midstream, MPLX LP, and Enterprise Products. Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure More
Antero Midstream 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 Antero Midstream'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 Antero Midstream Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9207 | |||
| Information Ratio | 0.1144 | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 2.26 |
Antero Midstream Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Antero Midstream's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Antero Midstream's standard deviation. In reality, there are many statistical measures that can use Antero Midstream historical prices to predict the future Antero Midstream's volatility.| Risk Adjusted Performance | 0.1094 | |||
| Jensen Alpha | 0.1527 | |||
| Total Risk Alpha | 0.0833 | |||
| Sortino Ratio | 0.157 | |||
| Treynor Ratio | 0.2363 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Antero Midstream'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.
Antero Midstream Partners Backtested Returns
Antero Midstream appears to be very steady, given 3 months investment horizon. Antero Midstream Partners secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Antero Midstream Partners, which you can use to evaluate the volatility of the firm. Please makes use of Antero Midstream's Mean Deviation of 0.86, downside deviation of 0.9207, and Risk Adjusted Performance of 0.1094 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Antero Midstream holds a performance score of 13. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Antero Midstream returns are very sensitive to returns on the market. As the market goes up or down, Antero Midstream is expected to follow. Please check Antero Midstream's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Antero Midstream's price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Antero Midstream Partners has very weak reverse predictability. Overlapping area represents the amount of predictability between Antero Midstream time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 2024 to 19th of April 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 Antero Midstream Partners price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Antero Midstream price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Antero Midstream Partners lagged returns against current returns
Autocorrelation, which is Antero Midstream 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 Antero Midstream's stock expected returns. We can calculate the autocorrelation of Antero Midstream returns to help us make a trade decision. For example, suppose you find that Antero Midstream 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 |
Antero Midstream 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 Antero Midstream stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Antero Midstream stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Antero Midstream stock over time.
Current vs Lagged Prices |
| Timeline |
Antero Midstream Lagged Returns
When evaluating Antero Midstream's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Antero Midstream stock have on its future price. Antero Midstream 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, Antero Midstream autocorrelation shows the relationship between Antero Midstream stock current value and its past values and can show if there is a momentum factor associated with investing in Antero Midstream Partners.
Regressed Prices |
| Timeline |
Antero Midstream Investors Sentiment
The influence of Antero Midstream's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Antero. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Antero Midstream's public news can be used to forecast risks associated with an investment in Antero. The trend in average sentiment can be used to explain how an investor holding Antero can time the market purely based on public headlines and social activities around Antero Midstream Partners. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Antero Midstream's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Antero Midstream's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Antero Midstream's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Antero Midstream.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Antero Midstream in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Antero Midstream's short interest history, or implied volatility extrapolated from Antero Midstream options trading.
Pair Trading with Antero Midstream
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Antero Midstream position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Antero Midstream will appreciate offsetting losses from the drop in the long position's value.Moving together with Antero Stock
| 0.96 | ET | Energy Transfer LP Financial Report 7th of May 2024 | PairCorr |
Moving against Antero Stock
| 0.82 | TK | Teekay | PairCorr |
| 0.68 | PBT | Permian Basin Royalty | PairCorr |
| 0.62 | EURN | Euronav NV Financial Report 9th of May 2024 | PairCorr |
| 0.62 | FLNG | FLEX LNG Financial Report 21st of May 2024 | PairCorr |
| 0.58 | CQP | Cheniere Energy Partners Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Antero Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Antero Midstream when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Antero Midstream - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Antero Midstream Partners to buy it.
The correlation of Antero Midstream is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Antero Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Antero Midstream Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Antero Midstream can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Antero Midstream Correlation, Antero Midstream Volatility and Antero Midstream Alpha and Beta module to complement your research on Antero Midstream. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Antero Stock analysis
When running Antero Midstream's price analysis, check to measure Antero Midstream'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 Antero Midstream is operating at the current time. Most of Antero Midstream's value examination focuses on studying past and present price action to predict the probability of Antero Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Antero Midstream's price. Additionally, you may evaluate how the addition of Antero Midstream to your portfolios can decrease your overall portfolio volatility.
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Antero Midstream 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.