Air Products And Stock Market Value
| APD Stock | USD 331.83 2.95 0.90% |
| Symbol | Air |
Air Products Price To Book Ratio
Is Industrial Gases space 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 Air Products. If investors know Air 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 Air Products 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 1.81 | Dividend Share 7.06 | Earnings Share 17.26 | Revenue Per Share 54.385 | Quarterly Revenue Growth (0) |
The market value of Air Products is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Products' value that differs from its market value or its book value, called intrinsic value, which is Air Products' 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 Air Products' market value can be influenced by many factors that don't directly affect Air Products' 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 Air Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Products' 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.
Air Products '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 Air Products' 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 Air Products.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Air Products on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Air Products and or generate 0.0% return on investment in Air Products over 30 days. Air Products is related to or competes with PPG Industries, Ecolab, Sherwin Williams, LyondellBasell Industries, RPM International, Eastman Chemical, and Sociedad Quimica. Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related service... More
Air Products 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 Air Products' 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 Air Products and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9629 | |||
| Information Ratio | 0.1171 | |||
| Maximum Drawdown | 10.91 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.9 |
Air Products Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Products' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Products' standard deviation. In reality, there are many statistical measures that can use Air Products historical prices to predict the future Air Products' volatility.| Risk Adjusted Performance | 0.161 | |||
| Jensen Alpha | 0.2674 | |||
| Total Risk Alpha | 0.0596 | |||
| Sortino Ratio | 0.1842 | |||
| Treynor Ratio | 1.17 |
Air Products Backtested Returns
Air Products appears to be very steady, given 3 months investment horizon. Air Products secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Air Products and, which you can use to evaluate the volatility of the firm. Please makes use of Air Products' Mean Deviation of 0.9141, risk adjusted performance of 0.161, and Downside Deviation of 0.9629 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Air Products holds a performance score of 14. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Air Products' returns are expected to increase less than the market. However, during the bear market, the loss of holding Air Products is expected to be smaller as well. Please check Air Products' sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Air Products' price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Air Products and has very good reverse predictability. Overlapping area represents the amount of predictability between Air Products time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 Air Products price movement. The serial correlation of -0.69 indicates that around 69.0% of current Air Products price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 61.03 |
Air Products lagged returns against current returns
Autocorrelation, which is Air Products 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 Air Products' stock expected returns. We can calculate the autocorrelation of Air Products returns to help us make a trade decision. For example, suppose you find that Air Products 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 |
Air Products 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 Air Products stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air Products stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air Products stock over time.
Current vs Lagged Prices |
| Timeline |
Air Products Lagged Returns
When evaluating Air Products' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air Products stock have on its future price. Air Products 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, Air Products autocorrelation shows the relationship between Air Products stock current value and its past values and can show if there is a momentum factor associated with investing in Air Products and.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Air Products is a strong investment it is important to analyze Air Products' 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 Air Products' future performance. For an informed investment choice regarding Air Stock, refer to the following important reports:Check out Air Products Correlation, Air Products Volatility and Air Products Alpha and Beta module to complement your research on Air Products. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Air Products 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.