American Express Stock Market Value

AXP Stock  USD 227.75  3.29  1.47%   
American Express' market value is the price at which a share of American Express trades on a public exchange. It measures the collective expectations of American Express investors about its performance. American Express is selling at 227.75 as of the 28th of March 2024; that is 1.47 percent up since the beginning of the trading day. The stock's last reported lowest price was 225.14.
With this module, you can estimate the performance of a buy and hold strategy of American Express and determine expected loss or profit from investing in American Express over a given investment horizon. Check out American Express Correlation, American Express Volatility and American Express Alpha and Beta module to complement your research on American Express.
To learn how to invest in American Stock, please use our How to Invest in American Express guide.
Symbol

American Express Price To Book Ratio

Is American Express' 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 American Express. If investors know American 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 American Express 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
0.263
Dividend Share
2.4
Earnings Share
11.2
Revenue Per Share
75.635
Quarterly Revenue Growth
0.092
The market value of American Express is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Express' value that differs from its market value or its book value, called intrinsic value, which is American Express' 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 American Express' market value can be influenced by many factors that don't directly affect American Express' 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 American Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if American Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Express' 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.

American Express '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 American Express' 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 American Express.
0.00
04/03/2023
No Change 0.00  0.0 
In 11 months and 27 days
03/28/2024
0.00
If you would invest  0.00  in American Express on April 3, 2023 and sell it all today you would earn a total of 0.00 from holding American Express or generate 0.0% return on investment in American Express over 360 days. American Express is related to or competes with Visa, Diamond Hill, Nocturne Acquisition, Mountain I, Mountain Crest, Monterey Capital, and Mountain Crest. American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-r... More

American Express 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 American Express' 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 American Express upside and downside potential and time the market with a certain degree of confidence.

American Express Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for American Express' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Express' standard deviation. In reality, there are many statistical measures that can use American Express historical prices to predict the future American Express' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Express' 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.
Hype
Prediction
LowEstimatedHigh
226.43227.75229.07
Details
Intrinsic
Valuation
LowRealHigh
217.40218.72250.53
Details
Naive
Forecast
LowNextHigh
227.64228.97230.29
Details
30 Analysts
Consensus
LowTargetHigh
166.02182.44202.51
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as American Express. Your research has to be compared to or analyzed against American Express' peers to derive any actionable benefits. When done correctly, American Express' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in American Express.

American Express Backtested Returns

American Express appears to be very steady, given 3 months investment horizon. American Express secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for American Express, which you can use to evaluate the volatility of the firm. Please makes use of American Express' risk adjusted performance of 0.1494, and Mean Deviation of 0.85 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, American Express holds a performance score of 19. The firm shows a Beta (market volatility) of 1.15, which signifies a somewhat significant risk relative to the market. American Express returns are very sensitive to returns on the market. As the market goes up or down, American Express is expected to follow. Please check American Express' maximum drawdown, and the relationship between the information ratio and expected short fall , to make a quick decision on whether American Express' price patterns will revert.

Auto-correlation

    
  0.11  

Insignificant predictability

American Express has insignificant predictability. Overlapping area represents the amount of predictability between American Express time series from 3rd of April 2023 to 30th of September 2023 and 30th of September 2023 to 28th of March 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 American Express price movement. The serial correlation of 0.11 indicates that less than 11.0% of current American Express price fluctuation can be explain by its past prices.
Correlation Coefficient0.11
Spearman Rank Test0.04
Residual Average0.0
Price Variance755.03

American Express lagged returns against current returns

Autocorrelation, which is American Express 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 American Express' stock expected returns. We can calculate the autocorrelation of American Express returns to help us make a trade decision. For example, suppose you find that American Express 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  

American Express 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 American Express stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Express stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Express stock over time.
   Current vs Lagged Prices   
       Timeline  

American Express Lagged Returns

When evaluating American Express' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Express stock have on its future price. American Express 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, American Express autocorrelation shows the relationship between American Express stock current value and its past values and can show if there is a momentum factor associated with investing in American Express.
   Regressed Prices   
       Timeline  

Pair Trading with American Express

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 American Express 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 American Express will appreciate offsetting losses from the drop in the long position's value.

Moving together with American Stock

  0.9V Visa Class A Sell-off TrendPairCorr
  0.73BK Bank of New York Fiscal Quarter End 31st of March 2024 PairCorr
  0.95MA Mastercard Financial Report 25th of April 2024 PairCorr
  0.88TW Tradeweb Markets Financial Report 25th of April 2024 PairCorr

Moving against American Stock

  0.91WAVS Western AcquisitionPairCorr
  0.89MBCN Middlefield Banc Fiscal Quarter End 31st of March 2024 PairCorr
  0.86MCBC Macatawa Bank Fiscal Quarter End 31st of March 2024 PairCorr
  0.77DHIL Diamond Hill InvestmentPairCorr
  0.7ORGN Origin Materials Financial Report 8th of May 2024 PairCorr
The ability to find closely correlated positions to American Express could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Express 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 American Express - 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 American Express to buy it.
The correlation of American Express 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 American Express moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Express 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 American Express 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 American Express 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 American 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 American Express Stock. Highlighted below are key reports to facilitate an investment decision about American Express Stock:
Check out American Express Correlation, American Express Volatility and American Express Alpha and Beta module to complement your research on American Express.
To learn how to invest in American Stock, please use our How to Invest in American Express guide.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for American Stock analysis

When running American Express' price analysis, check to measure American Express' 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 American Express is operating at the current time. Most of American Express' value examination focuses on studying past and present price action to predict the probability of American Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Express' price. Additionally, you may evaluate how the addition of American Express to your portfolios can decrease your overall portfolio volatility.
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American Express 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.
A focus of American Express technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of American Express trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...