Amn Healthcare Services Stock Market Value
| AMN Stock | USD 56.95 0.65 1.15% |
| Symbol | AMN |
AMN Healthcare Services Price To Book Ratio
Is AMN Healthcare'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 AMN Healthcare. If investors know AMN 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 AMN Healthcare 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 (0.83) | Earnings Share 5.36 | Revenue Per Share 96.731 | Quarterly Revenue Growth (0.27) | Return On Assets 0.0733 |
The market value of AMN Healthcare Services is measured differently than its book value, which is the value of AMN that is recorded on the company's balance sheet. Investors also form their own opinion of AMN Healthcare's value that differs from its market value or its book value, called intrinsic value, which is AMN Healthcare'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 AMN Healthcare's market value can be influenced by many factors that don't directly affect AMN Healthcare'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 AMN Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMN Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMN Healthcare'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.
AMN Healthcare '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 AMN Healthcare'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 AMN Healthcare.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in AMN Healthcare on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding AMN Healthcare Services or generate 0.0% return on investment in AMN Healthcare over 60 days. AMN Healthcare is related to or competes with Certara, HealthStream, Evolent Health, Streamline Health, Definitive Healthcare, Simulations Plus, and Agiliti. AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services to hospitals and healthcare ... More
AMN Healthcare 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 AMN Healthcare'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 AMN Healthcare Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 25.02 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 3.53 |
AMN Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMN Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMN Healthcare's standard deviation. In reality, there are many statistical measures that can use AMN Healthcare historical prices to predict the future AMN Healthcare's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AMN Healthcare'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.
AMN Healthcare Services Backtested Returns
AMN Healthcare Services secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of return volatility over the last 3 months. AMN Healthcare Services exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AMN Healthcare's Risk Adjusted Performance of (0.06), mean deviation of 2.25, and Coefficient Of Variation of (973.85) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.82, 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, AMN Healthcare will likely underperform. AMN Healthcare Services has an expected return of -0.38%. Please make sure to confirm AMN Healthcare Services treynor ratio, as well as the relationship between the kurtosis and day median price , to decide if AMN Healthcare Services performance from the past will be repeated in the future.
Auto-correlation | -0.47 |
Modest reverse predictability
AMN Healthcare Services has modest reverse predictability. Overlapping area represents the amount of predictability between AMN Healthcare time series from 19th of February 2024 to 20th of March 2024 and 20th of March 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 AMN Healthcare Services price movement. The serial correlation of -0.47 indicates that about 47.0% of current AMN Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 9.41 |
AMN Healthcare Services lagged returns against current returns
Autocorrelation, which is AMN Healthcare 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 AMN Healthcare's stock expected returns. We can calculate the autocorrelation of AMN Healthcare returns to help us make a trade decision. For example, suppose you find that AMN Healthcare 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 |
AMN Healthcare 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 AMN Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMN Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMN Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
AMN Healthcare Lagged Returns
When evaluating AMN Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMN Healthcare stock have on its future price. AMN Healthcare 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, AMN Healthcare autocorrelation shows the relationship between AMN Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in AMN Healthcare Services.
Regressed Prices |
| Timeline |
Pair Trading with AMN Healthcare
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 AMN Healthcare 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 AMN Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with AMN Stock
| 0.75 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
Moving against AMN Stock
| 0.81 | ELMD | Electromed | PairCorr |
| 0.74 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
| 0.73 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.67 | HIMS | Hims Hers Health Financial Report 13th of May 2024 | PairCorr |
| 0.62 | HOLX | Hologic Financial Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to AMN Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMN Healthcare 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 AMN Healthcare - 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 AMN Healthcare Services to buy it.
The correlation of AMN Healthcare 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 AMN Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMN Healthcare Services 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 AMN Healthcare 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 AMN Healthcare Correlation, AMN Healthcare Volatility and AMN Healthcare Alpha and Beta module to complement your research on AMN Healthcare. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for AMN Stock analysis
When running AMN Healthcare's price analysis, check to measure AMN Healthcare'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 AMN Healthcare is operating at the current time. Most of AMN Healthcare's value examination focuses on studying past and present price action to predict the probability of AMN Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMN Healthcare's price. Additionally, you may evaluate how the addition of AMN Healthcare to your portfolios can decrease your overall portfolio volatility.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
AMN Healthcare 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.