Audiocodes Stock Market Value
| AUDC Stock | USD 11.05 0.07 0.63% |
| Symbol | AudioCodes |
AudioCodes Price To Book Ratio
Is AudioCodes' 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 AudioCodes. If investors know AudioCodes 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 AudioCodes 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 (0.50) | Dividend Share 0.36 | Earnings Share 0.28 | Revenue Per Share 7.783 | Quarterly Revenue Growth (0.10) |
The market value of AudioCodes is measured differently than its book value, which is the value of AudioCodes that is recorded on the company's balance sheet. Investors also form their own opinion of AudioCodes' value that differs from its market value or its book value, called intrinsic value, which is AudioCodes' 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 AudioCodes' market value can be influenced by many factors that don't directly affect AudioCodes' 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 AudioCodes' value and its price as these two are different measures arrived at by different means. Investors typically determine if AudioCodes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AudioCodes' 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.
AudioCodes '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 AudioCodes' 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 AudioCodes.
| 11/06/2023 |
| 05/04/2024 |
If you would invest 0.00 in AudioCodes on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding AudioCodes or generate 0.0% return on investment in AudioCodes over 180 days. AudioCodes is related to or competes with Pixelworks, Valens, CEVA, QuickLogic, Navitas Semiconductor, MagnaChip Semiconductor, and MaxLinear. AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplac... More
AudioCodes 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 AudioCodes' 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 AudioCodes upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 3.77 |
AudioCodes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AudioCodes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AudioCodes' standard deviation. In reality, there are many statistical measures that can use AudioCodes historical prices to predict the future AudioCodes' volatility.| Risk Adjusted Performance | 0.0167 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.015 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AudioCodes' 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.
AudioCodes Backtested Returns
AudioCodes secures Sharpe Ratio (or Efficiency) of -0.0337, which signifies that the company had a -0.0337% return per unit of standard deviation over the last 3 months. AudioCodes exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AudioCodes' mean deviation of 1.95, and Risk Adjusted Performance of 0.0167 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.01, 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, AudioCodes will likely underperform. AudioCodes has an expected return of -0.0936%. Please make sure to confirm AudioCodes treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if AudioCodes performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
AudioCodes has poor reverse predictability. Overlapping area represents the amount of predictability between AudioCodes time series from 6th of November 2023 to 4th of February 2024 and 4th of February 2024 to 4th of May 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 AudioCodes price movement. The serial correlation of -0.4 indicates that just about 40.0% of current AudioCodes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
AudioCodes lagged returns against current returns
Autocorrelation, which is AudioCodes 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 AudioCodes' stock expected returns. We can calculate the autocorrelation of AudioCodes returns to help us make a trade decision. For example, suppose you find that AudioCodes 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 |
AudioCodes 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 AudioCodes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AudioCodes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AudioCodes stock over time.
Current vs Lagged Prices |
| Timeline |
AudioCodes Lagged Returns
When evaluating AudioCodes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AudioCodes stock have on its future price. AudioCodes 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, AudioCodes autocorrelation shows the relationship between AudioCodes stock current value and its past values and can show if there is a momentum factor associated with investing in AudioCodes.
Regressed Prices |
| Timeline |
Pair Trading with AudioCodes
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 AudioCodes 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 AudioCodes will appreciate offsetting losses from the drop in the long position's value.Moving together with AudioCodes Stock
| 0.74 | ZEPP | Zepp Health Corp | PairCorr |
Moving against AudioCodes Stock
| 0.77 | RCAT | Red Cat Holdings | PairCorr |
| 0.45 | GB | Global Blue Group | PairCorr |
The ability to find closely correlated positions to AudioCodes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AudioCodes 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 AudioCodes - 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 AudioCodes to buy it.
The correlation of AudioCodes 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 AudioCodes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AudioCodes 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 AudioCodes 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.Check out AudioCodes Correlation, AudioCodes Volatility and AudioCodes Alpha and Beta module to complement your research on AudioCodes. For information on how to trade AudioCodes Stock refer to our How to Trade AudioCodes Stock guide.Note that the AudioCodes information on this page should be used as a complementary analysis to other AudioCodes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for AudioCodes Stock analysis
When running AudioCodes' price analysis, check to measure AudioCodes' 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 AudioCodes is operating at the current time. Most of AudioCodes' value examination focuses on studying past and present price action to predict the probability of AudioCodes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AudioCodes' price. Additionally, you may evaluate how the addition of AudioCodes to your portfolios can decrease your overall portfolio volatility.
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AudioCodes 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.