Aerojet Stock Market Value

AJRD
 Stock
  

USD 41.21  1.27  2.99%   

Aerojet Rocketdyne's market value is the price at which a share of Aerojet Rocketdyne stock trades on a public exchange. It measures the collective expectations of Aerojet Rocketdyne Holdings investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Aerojet Rocketdyne Holdings and determine expected loss or profit from investing in Aerojet Rocketdyne over a given investment horizon. Please continue to Aerojet Rocketdyne Hype Analysis, Aerojet Rocketdyne Correlation, Aerojet Rocketdyne Valuation, Aerojet Rocketdyne Volatility, as well as analyze Aerojet Rocketdyne Alpha and Beta and Aerojet Rocketdyne Performance.
Symbol


Is Aerojet Rocketdyne'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 Aerojet Rocketdyne. If investors know Aerojet 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 Aerojet Rocketdyne 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 YOY
-0.63
Market Capitalization
3.4 B
Quarterly Revenue Growth YOY
-0.051
Return On Assets
0.0584
Return On Equity
0.27
The market value of Aerojet Rocketdyne is measured differently than its book value, which is the value of Aerojet that is recorded on the company's balance sheet. Investors also form their own opinion of Aerojet Rocketdyne's value that differs from its market value or its book value, called intrinsic value, which is Aerojet Rocketdyne'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 Aerojet Rocketdyne's market value can be influenced by many factors that don't directly affect Aerojet Rocketdyne'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 Aerojet Rocketdyne's value and its price as these two are different measures arrived at by different means. Investors typically determine Aerojet Rocketdyne value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aerojet Rocketdyne'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.

Aerojet Rocketdyne '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 Aerojet Rocketdyne'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 Aerojet Rocketdyne.
0.00
06/14/2022
No Change 0.00  0.0 
In 2 months and 1 day
08/13/2022
0.00
If you would invest  0.00  in Aerojet Rocketdyne on June 14, 2022 and sell it all today you would earn a total of 0.00 from holding Aerojet Rocketdyne Holdings or generate 0.0% return on investment in Aerojet Rocketdyne over 60 days. Aerojet Rocketdyne is related to or competes with Boeing, Alphabet, National Cinemedia, McDonalds Corp, Travelers Companies, Procter Gamble, and Johnson Johnson. Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems ...More

Aerojet Rocketdyne 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 Aerojet Rocketdyne'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 Aerojet Rocketdyne Holdings upside and downside potential and time the market with a certain degree of confidence.

Aerojet Rocketdyne Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Aerojet Rocketdyne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aerojet Rocketdyne's standard deviation. In reality, there are many statistical measures that can use Aerojet Rocketdyne historical prices to predict the future Aerojet Rocketdyne's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Aerojet Rocketdyne'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. Please use the tools below to analyze the current value of Aerojet Rocketdyne in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
40.6742.5344.39
Details
Intrinsic
Valuation
LowReal ValueHigh
38.2346.2348.09
Details
Naive
Forecast
LowNext ValueHigh
39.3041.1643.01
Details
3 Analysts
Consensus
LowTarget PriceHigh
51.0051.0051.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Aerojet Rocketdyne. Your research has to be compared to or analyzed against Aerojet Rocketdyne's peers to derive any actionable benefits. When done correctly, Aerojet Rocketdyne's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Aerojet Rocketdyne.

Aerojet Rocketdyne Backtested Returns

We consider Aerojet Rocketdyne very steady. Aerojet Rocketdyne secures Sharpe Ratio (or Efficiency) of 0.0711, which signifies that the company had 0.0711% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Aerojet Rocketdyne Holdings, which you can use to evaluate the future volatility of the firm. Please confirm Aerojet Rocketdyne Risk Adjusted Performance of 0.0903, downside deviation of 2.08, and Mean Deviation of 1.3 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%.
Aerojet Rocketdyne has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.7892, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Aerojet's beta means in this case. As returns on the market increase, Aerojet Rocketdyne returns are expected to increase less than the market. However, during the bear market, the loss on holding Aerojet Rocketdyne will be expected to be smaller as well. Although it is important to respect Aerojet Rocketdyne historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Aerojet Rocketdyne technical indicators, you can presently evaluate if the expected return of 0.13% will be sustainable into the future. Aerojet Rocketdyne right now shows a risk of 1.86%. Please confirm Aerojet Rocketdyne value at risk, and the relationship between the jensen alpha and semi variance to decide if Aerojet Rocketdyne will be following its price patterns.

Auto-correlation

    
  0.04  

Virtually no predictability

Aerojet Rocketdyne Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Aerojet Rocketdyne time series from 14th of June 2022 to 14th of July 2022 and 14th of July 2022 to 13th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aerojet Rocketdyne price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Aerojet Rocketdyne price fluctuation can be explain by its past prices.
Correlation Coefficient0.04
Spearman Rank Test0.1
Residual Average0.0
Price Variance1.57

Aerojet Rocketdyne lagged returns against current returns

Autocorrelation, which is Aerojet Rocketdyne 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 Aerojet Rocketdyne's stock expected returns. We can calculate the autocorrelation of Aerojet Rocketdyne returns to help us make a trade decision. For example, suppose you find that Aerojet Rocketdyne stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

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

Aerojet Rocketdyne Lagged Returns

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

Aerojet Rocketdyne Investors Sentiment

The influence of Aerojet Rocketdyne's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aerojet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Aerojet Rocketdyne's public news can be used to forecast risks associated with investment in Aerojet. The trend in average sentiment can be used to explain how an investor holding Aerojet can time the market purely based on public headlines and social activities around Aerojet Rocketdyne Holdings. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Aerojet Rocketdyne's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Aerojet Rocketdyne's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Aerojet Rocketdyne's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Aerojet Rocketdyne.

Aerojet Rocketdyne Implied Volatility

    
  19.4  
Aerojet Rocketdyne's implied volatility exposes the market's sentiment of Aerojet Rocketdyne Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aerojet Rocketdyne's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Aerojet Rocketdyne stock will not fluctuate a lot when Aerojet Rocketdyne's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aerojet Rocketdyne in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aerojet Rocketdyne's short interest history, or implied volatility extrapolated from Aerojet Rocketdyne options trading.

Pair Trading with Aerojet Rocketdyne

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 Aerojet Rocketdyne 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 Aerojet Rocketdyne will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aerojet Rocketdyne

0.62HEIHeico Corp Fiscal Year End 21st of December 2022 PairCorr
The ability to find closely correlated positions to Aerojet Rocketdyne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aerojet Rocketdyne 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 Aerojet Rocketdyne - 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 Aerojet Rocketdyne Holdings to buy it.
The correlation of Aerojet Rocketdyne is a statistical measure of how it moves in relation to other equities. 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 Aerojet Rocketdyne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aerojet Rocketdyne 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 Aerojet Rocketdyne 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
Please continue to Aerojet Rocketdyne Hype Analysis, Aerojet Rocketdyne Correlation, Aerojet Rocketdyne Valuation, Aerojet Rocketdyne Volatility, as well as analyze Aerojet Rocketdyne Alpha and Beta and Aerojet Rocketdyne Performance. Note that the Aerojet Rocketdyne information on this page should be used as a complementary analysis to other Aerojet Rocketdyne's 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for Aerojet Stock analysis

When running Aerojet Rocketdyne price analysis, check to measure Aerojet Rocketdyne'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 Aerojet Rocketdyne is operating at the current time. Most of Aerojet Rocketdyne's value examination focuses on studying past and present price action to predict the probability of Aerojet Rocketdyne's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aerojet Rocketdyne's price. Additionally, you may evaluate how the addition of Aerojet Rocketdyne to your portfolios can decrease your overall portfolio volatility.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Aerojet Rocketdyne 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 Aerojet Rocketdyne technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Aerojet Rocketdyne 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...