Allegheny Technologies Incorporated Stock Price on February 22, 2024
| ATI Stock | USD 60.15 0.58 0.96% |
Below is the normalized historical share price chart for Allegheny Technologies Incorporated extending back to May 08, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Allegheny Technologies stands at 60.15, as last reported on the 13th of May 2024, with the highest price reaching 61.97 and the lowest price hitting 60.15 during the day.
If you're considering investing in Allegheny Stock, it is important to understand the factors that can impact its price. Allegheny Technologies appears to be very steady, given 3 months investment horizon. Allegheny Technologies secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. By analyzing Allegheny Technologies' technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Allegheny Technologies' Risk Adjusted Performance of 0.1635, mean deviation of 1.66, and Downside Deviation of 1.67 to double-check if our risk estimates are consistent with your expectations.
As of now, Allegheny Technologies' Stock Based Compensation To Revenue is decreasing as compared to previous years. . As of now, Allegheny Technologies' Price Earnings Ratio is increasing as compared to previous years. The Allegheny Technologies' current Price To Operating Cash Flows Ratio is estimated to increase to 71.20, while Price To Sales Ratio is projected to decrease to 0.65. Allegheny Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 29th of November 1999 | 200 Day MA 45.0328 | 50 Day MA 51.8714 | Beta 1.166 |
Allegheny |
Sharpe Ratio = 0.2362
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Estimated Market Risk
| 2.61 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Allegheny Technologies is performing at about 18% 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 Allegheny Technologies by adding it to a well-diversified portfolio.
Price Book 4.6803 | Enterprise Value Ebitda 14.3699 | Price Sales 1.5397 | Shares Float 123 M | Wall Street Target Price 65.5 |
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Allegheny Technologies Valuation on February 22, 2024
It is possible to determine the worth of Allegheny Technologies on a given historical date. On February 22, 2024 Allegheny was worth 45.74 at the beginning of the trading date compared to the closed value of 46.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Allegheny Technologies stock. Still, in general, we apply an absolute valuation method to find Allegheny Technologies' 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 Allegheny Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Allegheny Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 44.93 | 46.07 | 44.48 | 45.86 | 1,321,133 | |
02/22/2024 | 45.74 | 46.51 | 45.61 | 46.46 | 972,588 |
| 46.31 | 46.88 | 45.76 | 46.73 | 880,953 |
| Backtest Allegheny Technologies | | | Allegheny Technologies History | | | Allegheny Technologies Valuation | Previous | Next |
Allegheny Technologies Trading Date Momentum on February 22, 2024
| On February 23 2024 Allegheny Technologies Incorporated was traded for 46.73 at the closing time. Highest Allegheny Technologies's price during the trading hours was 46.88 and the lowest price during the day was 45.76 . The net volume was 881 K. The overall trading history on the 23rd of February contributed to the next trading period price growth. The overall trading delta to the next next day price was 0.58% . The overall trading delta to current price is 6.05% . |
Allegheny Technologies Fundamentals Correlations and Trends
By evaluating Allegheny Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Allegheny Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Allegheny financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Allegheny Technologies Stock history
Allegheny Technologies 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 Allegheny is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Allegheny Technologies 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 Allegheny Technologies stock prices may prove useful in developing a viable investing in Allegheny Technologies
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 150 M | 118 M | |
| Net Income Applicable To Common Shares | 117.8 M | 123.7 M |
Allegheny Technologies Quarterly Net Working Capital |
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Allegheny Technologies Stock Technical Analysis
Allegheny Technologies 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
Allegheny Technologies Period Price Range
Low | February 22, 2024
| High |
45.74 | 46.46 |
Allegheny Technologies May 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Allegheny Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allegheny Technologies shares will generate the highest return on investment. By undertsting and applying Allegheny Technologies stock market strength indicators, traders can identify Allegheny Technologies Incorporated entry and exit signals to maximize returns
| Accumulation Distribution | 18820.24 | |||
| Daily Balance Of Power | 0.8 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 46.06 | |||
| Day Typical Price | 46.19 | |||
| Price Action Indicator | 0.76 | |||
| Period Momentum Indicator | 13.69 |
Allegheny Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Allegheny Technologies' price direction in advance. Along with the technical and fundamental analysis of Allegheny Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Allegheny 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 | 0.1635 | |||
| Jensen Alpha | 0.6182 | |||
| Total Risk Alpha | 0.3405 | |||
| Sortino Ratio | 0.347 | |||
| Treynor Ratio | 1.43 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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When running Allegheny Technologies' price analysis, check to measure Allegheny Technologies' 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 Allegheny Technologies is operating at the current time. Most of Allegheny Technologies' value examination focuses on studying past and present price action to predict the probability of Allegheny Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegheny Technologies' price. Additionally, you may evaluate how the addition of Allegheny Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Allegheny Technologies' 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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 (0.20) | Earnings Share 2.69 | Revenue Per Share 32.766 | Quarterly Revenue Growth 0.005 | Return On Assets 0.056 |
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.