Ameresco Stock Market Value
| AMRC Stock | USD 36.10 1.41 4.06% |
| Symbol | Ameresco |
Ameresco Price To Book Ratio
Is Construction & Engineering 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 Ameresco. If investors know Ameresco 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 Ameresco 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 0.856 | Earnings Share 1.09 | Revenue Per Share 26.847 | Quarterly Revenue Growth 0.101 | Return On Assets 0.0154 |
The market value of Ameresco is measured differently than its book value, which is the value of Ameresco that is recorded on the company's balance sheet. Investors also form their own opinion of Ameresco's value that differs from its market value or its book value, called intrinsic value, which is Ameresco'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 Ameresco's market value can be influenced by many factors that don't directly affect Ameresco'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 Ameresco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ameresco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ameresco'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.
Ameresco '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 Ameresco's 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 Ameresco.
| 04/07/2024 |
| 06/06/2024 |
If you would invest 0.00 in Ameresco on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Ameresco or generate 0.0% return on investment in Ameresco over 60 days. Ameresco is related to or competes with Comfort Systems, Topbuild Corp, Tutor Perini, and Matrix Service. Ameresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply sol... More
Ameresco 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 Ameresco's 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 Ameresco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.2455 | |||
| Maximum Drawdown | 27.57 | |||
| Value At Risk | (5.09) | |||
| Potential Upside | 6.53 |
Ameresco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ameresco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ameresco's standard deviation. In reality, there are many statistical measures that can use Ameresco historical prices to predict the future Ameresco's volatility.| Risk Adjusted Performance | 0.1667 | |||
| Jensen Alpha | 1.09 | |||
| Total Risk Alpha | 1.01 | |||
| Sortino Ratio | 0.3339 | |||
| Treynor Ratio | 0.4318 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ameresco's 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.
Ameresco Backtested Returns
Ameresco appears to be very steady, given 3 months investment horizon. Ameresco secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of standard deviation over the last 3 months. By analyzing Ameresco's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please makes use of Ameresco's mean deviation of 3.41, and Risk Adjusted Performance of 0.1667 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ameresco holds a performance score of 16. The firm shows a Beta (market volatility) of 2.64, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ameresco will likely underperform. Please check Ameresco's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Ameresco's price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Ameresco has virtually no predictability. Overlapping area represents the amount of predictability between Ameresco time series from 7th of April 2024 to 7th of May 2024 and 7th of May 2024 to 6th of June 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 Ameresco price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Ameresco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 15.76 |
Ameresco lagged returns against current returns
Autocorrelation, which is Ameresco 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 Ameresco's stock expected returns. We can calculate the autocorrelation of Ameresco returns to help us make a trade decision. For example, suppose you find that Ameresco 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 |
Ameresco 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 Ameresco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ameresco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ameresco stock over time.
Current vs Lagged Prices |
| Timeline |
Ameresco Lagged Returns
When evaluating Ameresco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ameresco stock have on its future price. Ameresco 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, Ameresco autocorrelation shows the relationship between Ameresco stock current value and its past values and can show if there is a momentum factor associated with investing in Ameresco.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Ameresco Stock
When determining whether Ameresco offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ameresco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ameresco Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ameresco Stock:Check out Ameresco Correlation, Ameresco Volatility and Ameresco Alpha and Beta module to complement your research on Ameresco. For information on how to trade Ameresco Stock refer to our How to Trade Ameresco Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Ameresco 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.