Amtd Idea Group Stock Market Value
| AMTD Stock | USD 1.71 0.01 0.59% |
| Symbol | AMTD |
AMTD IDEA Group Price To Book Ratio
Is AMTD IDEA'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 AMTD IDEA. If investors know AMTD 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 AMTD IDEA 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 (0.49) | Earnings Share 2.97 | Revenue Per Share 27.353 | Quarterly Revenue Growth 1.192 | Return On Assets 0.1119 |
The market value of AMTD IDEA Group is measured differently than its book value, which is the value of AMTD that is recorded on the company's balance sheet. Investors also form their own opinion of AMTD IDEA's value that differs from its market value or its book value, called intrinsic value, which is AMTD IDEA'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 AMTD IDEA's market value can be influenced by many factors that don't directly affect AMTD IDEA'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 AMTD IDEA's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMTD IDEA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMTD IDEA'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.
AMTD IDEA '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 AMTD IDEA'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 AMTD IDEA.
| 02/18/2024 |
| 04/18/2024 |
If you would invest 0.00 in AMTD IDEA on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding AMTD IDEA Group or generate 0.0% return on investment in AMTD IDEA over 60 days. AMTD IDEA is related to or competes with Northern Trust, Invesco Plc, Franklin Resources, T Rowe, State Street, SEI Investments, and Principal Financial. AMTD IDEA Group, an investment holding company, engages in investment banking activities in Hong Kong, Mainland China, t... More
AMTD IDEA 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 AMTD IDEA'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 AMTD IDEA Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.76 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.89 |
AMTD IDEA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMTD IDEA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMTD IDEA's standard deviation. In reality, there are many statistical measures that can use AMTD IDEA historical prices to predict the future AMTD IDEA's volatility.| Risk Adjusted Performance | 0.0029 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AMTD IDEA'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.
AMTD IDEA Group Backtested Returns
We consider AMTD IDEA very risky. AMTD IDEA Group secures Sharpe Ratio (or Efficiency) of 0.0162, which signifies that the company had a 0.0162% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for AMTD IDEA Group, which you can use to evaluate the volatility of the firm. Please confirm AMTD IDEA's mean deviation of 1.79, and Risk Adjusted Performance of 0.0029 to double-check if the risk estimate we provide is consistent with the expected return of 0.0425%. AMTD IDEA has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AMTD IDEA's returns are expected to increase less than the market. However, during the bear market, the loss of holding AMTD IDEA is expected to be smaller as well. AMTD IDEA Group currently shows a risk of 2.62%. Please confirm AMTD IDEA Group skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if AMTD IDEA Group will be following its price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
AMTD IDEA Group has virtually no predictability. Overlapping area represents the amount of predictability between AMTD IDEA time series from 18th of February 2024 to 19th of March 2024 and 19th of March 2024 to 18th 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 AMTD IDEA Group price movement. The serial correlation of 0.01 indicates that just 1.0% of current AMTD IDEA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AMTD IDEA Group lagged returns against current returns
Autocorrelation, which is AMTD IDEA 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 AMTD IDEA's stock expected returns. We can calculate the autocorrelation of AMTD IDEA returns to help us make a trade decision. For example, suppose you find that AMTD IDEA 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 |
AMTD IDEA 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 AMTD IDEA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMTD IDEA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMTD IDEA stock over time.
Current vs Lagged Prices |
| Timeline |
AMTD IDEA Lagged Returns
When evaluating AMTD IDEA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMTD IDEA stock have on its future price. AMTD IDEA 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, AMTD IDEA autocorrelation shows the relationship between AMTD IDEA stock current value and its past values and can show if there is a momentum factor associated with investing in AMTD IDEA Group.
Regressed Prices |
| Timeline |
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 AMTD IDEA 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, AMTD IDEA's short interest history, or implied volatility extrapolated from AMTD IDEA options trading.
Pair Trading with AMTD IDEA
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 AMTD IDEA 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 AMTD IDEA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AMTD IDEA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMTD IDEA 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 AMTD IDEA - 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 AMTD IDEA Group to buy it.
The correlation of AMTD IDEA 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 AMTD IDEA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMTD IDEA Group 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 AMTD IDEA 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 AMTD IDEA Correlation, AMTD IDEA Volatility and AMTD IDEA Alpha and Beta module to complement your research on AMTD IDEA. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for AMTD Stock analysis
When running AMTD IDEA's price analysis, check to measure AMTD IDEA'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 AMTD IDEA is operating at the current time. Most of AMTD IDEA's value examination focuses on studying past and present price action to predict the probability of AMTD IDEA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMTD IDEA's price. Additionally, you may evaluate how the addition of AMTD IDEA to your portfolios can decrease your overall portfolio volatility.
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AMTD IDEA 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.