Ampco Pittsburgh Stock Beta

AP Stock  USD 2.11  0.09  4.09%   
Ampco Pittsburgh fundamentals help investors to digest information that contributes to Ampco Pittsburgh's financial success or failures. It also enables traders to predict the movement of Ampco Stock. The fundamental analysis module provides a way to measure Ampco Pittsburgh's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ampco Pittsburgh stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Ampco Beta Analysis

Ampco Pittsburgh's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2023 2024 (projected)
Price Book Value Ratio0.880.79
Dividend Yield8.16E-47.76E-4

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Ampco Pittsburgh Beta

    
  0.67  
Most of Ampco Pittsburgh's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ampco Pittsburgh is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Ampco Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Ampco Pittsburgh is extremely important. It helps to project a fair market value of Ampco Stock properly, considering its historical fundamentals such as Beta. Since Ampco Pittsburgh's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ampco Pittsburgh's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ampco Pittsburgh's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Ampco Pittsburgh has a Beta of 0.673. This is 50.88% lower than that of the Metals & Mining sector and 55.43% lower than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.

Ampco Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ampco Pittsburgh's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ampco Pittsburgh could also be used in its relative valuation, which is a method of valuing Ampco Pittsburgh by comparing valuation metrics of similar companies.
Ampco Pittsburgh is rated below average in beta category among related companies.

Ampco Pittsburgh Institutional Holders

Institutional Holdings refers to the ownership stake in Ampco Pittsburgh that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ampco Pittsburgh's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ampco Pittsburgh's value.
Shares
Geode Capital Management, Llc2023-12-31
114.6 K
Rbf Llc2023-12-31
91 K
Hunter Associates Inc.2023-12-31
64 K
State Street Corporation2023-12-31
38.5 K
Perritt Capital Management Inc.2023-12-31
38.5 K
Northern Trust Corp2023-12-31
34.5 K
Citadel Advisors Llc2023-09-30
25.8 K
Susquehanna International Group, Llp2023-12-31
23.8 K
T. Rowe Price Associates, Inc.2023-12-31
21.6 K
Gamco Investors, Inc. Et Al2023-12-31
2.5 M
Gabelli Funds Llc2023-12-31
1.4 M
As returns on the market increase, Ampco Pittsburgh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ampco Pittsburgh is expected to be smaller as well.

Ampco Fundamentals

About Ampco Pittsburgh Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ampco Pittsburgh's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ampco Pittsburgh using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ampco Pittsburgh based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company was incorporated in 1929 and is headquartered in Carnegie, Pennsylvania. Ampco-Pittsburgh operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange. It employs 1485 people.

Pair Trading with Ampco Pittsburgh

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 Ampco Pittsburgh 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 Ampco Pittsburgh will appreciate offsetting losses from the drop in the long position's value.

Moving against Ampco Stock

  0.48GSIH General Steel HoldingsPairCorr
  0.46ESAB ESAB Corp Financial Report 7th of May 2024 PairCorr
  0.45LQMT Liquidmetal TechnologiesPairCorr
  0.41MLI Mueller IndustriesPairCorr
The ability to find closely correlated positions to Ampco Pittsburgh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ampco Pittsburgh 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 Ampco Pittsburgh - 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 Ampco Pittsburgh to buy it.
The correlation of Ampco Pittsburgh 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 Ampco Pittsburgh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ampco-Pittsburgh 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 Ampco Pittsburgh 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 Ampco-Pittsburgh is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ampco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ampco Pittsburgh Stock. Highlighted below are key reports to facilitate an investment decision about Ampco Pittsburgh Stock:
Check out Ampco Pittsburgh Piotroski F Score and Ampco Pittsburgh Altman Z Score analysis.
To learn how to invest in Ampco Stock, please use our How to Invest in Ampco Pittsburgh guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Ampco Pittsburgh's price analysis, check to measure Ampco Pittsburgh'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 Ampco Pittsburgh is operating at the current time. Most of Ampco Pittsburgh's value examination focuses on studying past and present price action to predict the probability of Ampco Pittsburgh's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ampco Pittsburgh's price. Additionally, you may evaluate how the addition of Ampco Pittsburgh to your portfolios can decrease your overall portfolio volatility.
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Is Ampco Pittsburgh'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 Ampco Pittsburgh. If investors know Ampco 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 Ampco Pittsburgh 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
(0.31)
Earnings Share
0.08
Revenue Per Share
21.529
Quarterly Revenue Growth
0.156
Return On Assets
0.0129
The market value of Ampco-Pittsburgh is measured differently than its book value, which is the value of Ampco that is recorded on the company's balance sheet. Investors also form their own opinion of Ampco Pittsburgh's value that differs from its market value or its book value, called intrinsic value, which is Ampco Pittsburgh'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 Ampco Pittsburgh's market value can be influenced by many factors that don't directly affect Ampco Pittsburgh'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 Ampco Pittsburgh's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ampco Pittsburgh is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ampco Pittsburgh'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.