Advanced Micro Devices Stock Market Value

AMD Stock  USD 179.59  1.72  0.97%   
Advanced Micro's market value is the price at which a share of Advanced Micro trades on a public exchange. It measures the collective expectations of Advanced Micro Devices investors about its performance. Advanced Micro is trading at 179.59 as of the 28th of March 2024, a 0.97 percent increase since the beginning of the trading day. The stock's lowest day price was 175.4.
With this module, you can estimate the performance of a buy and hold strategy of Advanced Micro Devices and determine expected loss or profit from investing in Advanced Micro over a given investment horizon. Check out Advanced Micro Correlation, Advanced Micro Volatility and Advanced Micro Alpha and Beta module to complement your research on Advanced Micro.
Symbol

Advanced Micro Devices Price To Book Ratio

Is Advanced Micro'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 Advanced Micro. If investors know Advanced 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 Advanced Micro 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
48.693
Earnings Share
0.53
Revenue Per Share
14.052
Quarterly Revenue Growth
0.102
Return On Assets
0.0037
The market value of Advanced Micro Devices is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Micro's value that differs from its market value or its book value, called intrinsic value, which is Advanced Micro'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 Advanced Micro's market value can be influenced by many factors that don't directly affect Advanced Micro'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 Advanced Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advanced Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Micro'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.

Advanced Micro '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 Advanced Micro'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 Advanced Micro.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Advanced Micro on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Advanced Micro Devices or generate 0.0% return on investment in Advanced Micro over 720 days. Advanced Micro is related to or competes with Vishay Intertechnology, Transphorm Technology, ON Semiconductor, Rocky Brands, Church Dwight, Qorvo, and Microchip Technology. Advanced Micro Devices, Inc. operates as a semiconductor company worldwide More

Advanced Micro 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 Advanced Micro'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 Advanced Micro Devices upside and downside potential and time the market with a certain degree of confidence.

Advanced Micro Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Micro's standard deviation. In reality, there are many statistical measures that can use Advanced Micro historical prices to predict the future Advanced Micro's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Advanced Micro'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.
Hype
Prediction
LowEstimatedHigh
175.34178.72182.10
Details
Intrinsic
Valuation
LowRealHigh
149.30152.68197.55
Details
Naive
Forecast
LowNextHigh
154.89158.27161.65
Details
47 Analysts
Consensus
LowTargetHigh
117.49129.11143.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Advanced Micro. Your research has to be compared to or analyzed against Advanced Micro's peers to derive any actionable benefits. When done correctly, Advanced Micro's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Advanced Micro Devices.

Advanced Micro Devices Backtested Returns

Advanced Micro appears to be very steady, given 3 months investment horizon. Advanced Micro Devices secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Advanced Micro Devices, which you can use to evaluate the volatility of the firm. Please makes use of Advanced Micro's Downside Deviation of 2.51, mean deviation of 2.39, and Risk Adjusted Performance of 0.0814 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advanced Micro holds a performance score of 8. The firm shows a Beta (market volatility) of 1.3, 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, Advanced Micro will likely underperform. Please check Advanced Micro's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Advanced Micro's price patterns will revert.

Auto-correlation

    
  0.06  

Virtually no predictability

Advanced Micro Devices has virtually no predictability. Overlapping area represents the amount of predictability between Advanced Micro time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Advanced Micro Devices price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Advanced Micro price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test-0.32
Residual Average0.0
Price Variance972.17

Advanced Micro Devices lagged returns against current returns

Autocorrelation, which is Advanced Micro 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 Advanced Micro's stock expected returns. We can calculate the autocorrelation of Advanced Micro returns to help us make a trade decision. For example, suppose you find that Advanced Micro 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  

Advanced Micro 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 Advanced Micro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Micro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Micro stock over time.
   Current vs Lagged Prices   
       Timeline  

Advanced Micro Lagged Returns

When evaluating Advanced Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Micro stock have on its future price. Advanced Micro 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, Advanced Micro autocorrelation shows the relationship between Advanced Micro stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Micro Devices.
   Regressed Prices   
       Timeline  

Pair Trading with Advanced Micro

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 Advanced Micro 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 Advanced Micro will appreciate offsetting losses from the drop in the long position's value.

Moving against Advanced Stock

  0.89MX MagnaChip Semiconductor Financial Report 1st of May 2024 PairCorr
  0.84U Unity Software Financial Report 8th of May 2024 PairCorr
  0.8WISA WiSA TechnologiesPairCorr
  0.75WOLF Wolfspeed Financial Report 24th of April 2024 PairCorr
  0.75NVTS Navitas Semiconductor Financial Report 20th of May 2024 PairCorr
The ability to find closely correlated positions to Advanced Micro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Micro 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 Advanced Micro - 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 Advanced Micro Devices to buy it.
The correlation of Advanced Micro 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 Advanced Micro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Micro Devices 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 Advanced Micro 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.
Pair CorrelationCorrelation Matching
When determining whether Advanced Micro Devices is a strong investment it is important to analyze Advanced Micro's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Advanced Micro's future performance. For an informed investment choice regarding Advanced Stock, refer to the following important reports:

Complementary Tools for Advanced Stock analysis

When running Advanced Micro's price analysis, check to measure Advanced Micro'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 Advanced Micro is operating at the current time. Most of Advanced Micro's value examination focuses on studying past and present price action to predict the probability of Advanced Micro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Micro's price. Additionally, you may evaluate how the addition of Advanced Micro to your portfolios can decrease your overall portfolio volatility.
Global Correlations
Find global opportunities by holding instruments from different markets
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Advanced Micro 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.
A focus of Advanced Micro technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Advanced Micro trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...