Amdocs Stock Market Value
DOX Stock | USD 86.13 1.02 1.20% |
Symbol | Amdocs |
Amdocs Price To Book Ratio
Is Amdocs' 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 Amdocs. If investors know Amdocs 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 Amdocs 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 0.18 | Dividend Share 1.74 | Earnings Share 4.68 | Revenue Per Share 41.665 | Quarterly Revenue Growth 0.05 |
The market value of Amdocs is measured differently than its book value, which is the value of Amdocs that is recorded on the company's balance sheet. Investors also form their own opinion of Amdocs' value that differs from its market value or its book value, called intrinsic value, which is Amdocs' 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 Amdocs' market value can be influenced by many factors that don't directly affect Amdocs' 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 Amdocs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Amdocs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amdocs' 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.
Amdocs '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 Amdocs' 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 Amdocs.
01/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in Amdocs on January 21, 2024 and sell it all today you would earn a total of 0.00 from holding Amdocs or generate 0.0% return on investment in Amdocs over 90 days. Amdocs is related to or competes with CyberArk Software, F5 Networks, Qualys, VeriSign, Evertec, Consensus Cloud, and Global Blue. Amdocs Limited, through its subsidiaries, provides software and services worldwide More
Amdocs 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 Amdocs' 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 Amdocs upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.14) | |||
Maximum Drawdown | 5.66 | |||
Value At Risk | (1.87) | |||
Potential Upside | 1.58 |
Amdocs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amdocs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amdocs' standard deviation. In reality, there are many statistical measures that can use Amdocs historical prices to predict the future Amdocs' volatility.Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.20) | |||
Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amdocs' 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.
Amdocs Backtested Returns
Amdocs secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Amdocs exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amdocs' mean deviation of 0.7898, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.17, 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, Amdocs will likely underperform. Amdocs has an expected return of -0.11%. Please make sure to confirm Amdocs treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Amdocs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Amdocs has below average predictability. Overlapping area represents the amount of predictability between Amdocs time series from 21st of January 2024 to 6th of March 2024 and 6th of March 2024 to 20th 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 Amdocs price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Amdocs price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.38 | |
Spearman Rank Test | 0.48 | |
Residual Average | 0.0 | |
Price Variance | 6.74 |
Amdocs lagged returns against current returns
Autocorrelation, which is Amdocs 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 Amdocs' stock expected returns. We can calculate the autocorrelation of Amdocs returns to help us make a trade decision. For example, suppose you find that Amdocs 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 |
Amdocs 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 Amdocs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amdocs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amdocs stock over time.
Current vs Lagged Prices |
Timeline |
Amdocs Lagged Returns
When evaluating Amdocs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amdocs stock have on its future price. Amdocs 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, Amdocs autocorrelation shows the relationship between Amdocs stock current value and its past values and can show if there is a momentum factor associated with investing in Amdocs.
Regressed Prices |
Timeline |
Amdocs Investors Sentiment
The influence of Amdocs' 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 Amdocs. 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 Amdocs' public news can be used to forecast risks associated with an investment in Amdocs. The trend in average sentiment can be used to explain how an investor holding Amdocs can time the market purely based on public headlines and social activities around Amdocs. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Amdocs' 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 Amdocs' 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 Amdocs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Amdocs.
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 Amdocs 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, Amdocs' short interest history, or implied volatility extrapolated from Amdocs options trading.
Pair Trading with Amdocs
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 Amdocs 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 Amdocs will appreciate offsetting losses from the drop in the long position's value.Moving against Amdocs Stock
0.74 | NN | Nextnav Acquisition Corp Tech Boost | PairCorr |
0.69 | EGIO | Edgio Inc Downward Rally | PairCorr |
0.59 | GB | Global Blue Group Downward Rally | PairCorr |
0.55 | VERI | Veritone Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Amdocs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amdocs 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 Amdocs - 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 Amdocs to buy it.
The correlation of Amdocs 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 Amdocs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amdocs 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 Amdocs 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 Amdocs Correlation, Amdocs Volatility and Amdocs Alpha and Beta module to complement your research on Amdocs. For more information on how to buy Amdocs Stock please use our How to Invest in Amdocs guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Amdocs Stock analysis
When running Amdocs' price analysis, check to measure Amdocs' 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 Amdocs is operating at the current time. Most of Amdocs' value examination focuses on studying past and present price action to predict the probability of Amdocs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amdocs' price. Additionally, you may evaluate how the addition of Amdocs to your portfolios can decrease your overall portfolio volatility.
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Amdocs 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.