American Tower Corp Stock Price on February 21, 2024
| AMT Stock | USD 191.34 2.79 1.44% |
If you're considering investing in American Stock, it is important to understand the factors that can impact its price. As of today, the current price of American Tower stands at 191.34, as last reported on the 22nd of May, with the highest price reaching 194.24 and the lowest price hitting 190.22 during the day. We consider American Tower very steady. American Tower Corp secures Sharpe Ratio (or Efficiency) of 0.034, which signifies that the company had a 0.034% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for American Tower Corp, which you can use to evaluate the volatility of the firm. Please confirm American Tower's risk adjusted performance of 0.0259, and Mean Deviation of 1.19 to double-check if the risk estimate we provide is consistent with the expected return of 0.0537%.
American Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
American |
Sharpe Ratio = 0.034
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Estimated Market Risk
| 1.58 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average American Tower is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of American Tower by adding it to a well-diversified portfolio.
American Tower Valuation on February 21, 2024
It is possible to determine the worth of American Tower on a given historical date. On February 21, 2024 American was worth 189.22 at the beginning of the trading date compared to the closed value of 186.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of American Tower stock. Still, in general, we apply an absolute valuation method to find American Tower's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of American Tower where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against American Tower's related companies.
| Open | High | Low | Close | Volume | |
| 187.09 | 188.71 | 185.77 | 186.72 | 2,241,019 | |
02/21/2024 | 189.22 | 189.66 | 186.54 | 186.54 | 1,863,180 |
| 189.01 | 189.01 | 185.61 | 186.34 | 2,149,718 |
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American Tower Trading Date Momentum on February 21, 2024
| On February 22 2024 American Tower Corp was traded for 186.34 at the closing time. Highest American Tower's price during the trading hours was 189.01 and the lowest price during the day was 185.61 . The net volume was 2.1 M. The overall trading history on the 22nd of February contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.11% . The overall trading delta to current price is 7.98% . |
American Tower Corp Fundamentals Correlations and Trends
By evaluating American Tower's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among American Tower's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. American financial account trend analysis is a perfect complement when working with valuation or volatility modules.About American Tower Stock history
American Tower investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for American is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in American Tower Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing American Tower stock prices may prove useful in developing a viable investing in American Tower
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com. American Tower operates under REITSpecialty classification in the United States and is traded on New York Stock Exchange. It employs 6378 people.
American Tower Stock Technical Analysis
American Tower 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.
Price Boundaries
American Tower Period Price Range
Low | February 21, 2024
| High |
189.22 | 186.54 |
American Tower May 22, 2024 Market Strength
Market strength indicators help investors to evaluate how American Tower stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading American Tower shares will generate the highest return on investment. By undertsting and applying American Tower stock market strength indicators, traders can identify American Tower Corp entry and exit signals to maximize returns
| Accumulation Distribution | 30650.22 | |||
| Daily Balance Of Power | (0.86) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 188.1 | |||
| Day Typical Price | 187.58 | |||
| Price Action Indicator | (2.90) | |||
| Period Momentum Indicator | 4.8 | |||
| Relative Strength Index | 57.03 |
American Tower Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for American Tower's price direction in advance. Along with the technical and fundamental analysis of American Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of American to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0259 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0393 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Tower Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for American Stock analysis
When running American Tower's price analysis, check to measure American Tower'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 American Tower is operating at the current time. Most of American Tower's value examination focuses on studying past and present price action to predict the probability of American Tower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Tower's price. Additionally, you may evaluate how the addition of American Tower to your portfolios can decrease your overall portfolio volatility.
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Is American Tower'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 American Tower. 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 Tower listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of American Tower Corp 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 Tower's value that differs from its market value or its book value, called intrinsic value, which is American Tower'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 American Tower's market value can be influenced by many factors that don't directly affect American Tower'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 American Tower's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Tower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Tower'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.