AMN Healthcare Stock Market Value

AMN
 Stock
  

USD 123.88  1.73  1.42%   

AMN Healthcare's market value is the price at which a share of AMN Healthcare stock trades on a public exchange. It measures the collective expectations of AMN Healthcare Services investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of AMN Healthcare Services and determine expected loss or profit from investing in AMN Healthcare over a given investment horizon. Please continue to AMN Healthcare Correlation, AMN Healthcare Volatility and AMN Healthcare Alpha and Beta module to complement your research on AMN Healthcare.
Symbol


Is AMN Healthcare'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 AMN Healthcare. If investors know AMN Healthcare 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 AMN Healthcare 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
0.36
Market Capitalization
5.4 B
Quarterly Revenue Growth YOY
0.3
Return On Assets
0.15
Return On Equity
0.44
The market value of AMN Healthcare Services is measured differently than its book value, which is the value of AMN Healthcare that is recorded on the company's balance sheet. Investors also form their own opinion of AMN Healthcare's value that differs from its market value or its book value, called intrinsic value, which is AMN Healthcare'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 AMN Healthcare's market value can be influenced by many factors that don't directly affect AMN Healthcare'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 AMN Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine AMN Healthcare value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMN Healthcare'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.

AMN Healthcare '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 AMN Healthcare'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 AMN Healthcare.
0.00
11/04/2022
No Change 0.00  0.0 
In 30 days
12/04/2022
0.00
If you would invest  0.00  in AMN Healthcare on November 4, 2022 and sell it all today you would earn a total of 0.00 from holding AMN Healthcare Services or generate 0.0% return on investment in AMN Healthcare over 30 days. AMN Healthcare is related to or competes with ABIOMED, Abbott Laboratories, Aethlon Medical, Align Technology, and AngioDynamics. AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services to hospitals and healthcare ... More

AMN Healthcare 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 AMN Healthcare'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 AMN Healthcare Services upside and downside potential and time the market with a certain degree of confidence.

AMN Healthcare Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for AMN Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMN Healthcare's standard deviation. In reality, there are many statistical measures that can use AMN Healthcare historical prices to predict the future AMN Healthcare's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of AMN Healthcare'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 AMN Healthcare in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
117.65120.44123.23
Details
Intrinsic
Valuation
LowReal ValueHigh
115.15117.94134.37
Details
7 Analysts
Consensus
LowTarget PriceHigh
81.00127.17145.00
Details
Earnings
Estimates (4)
LowProjected EPSHigh
7.367.658.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AMN Healthcare. Your research has to be compared to or analyzed against AMN Healthcare's peers to derive any actionable benefits. When done correctly, AMN Healthcare'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 AMN Healthcare Services.

AMN Healthcare Services Backtested Returns

AMN Healthcare appears to be very steady, given 3 months investment horizon. AMN Healthcare Services secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had 0.12% of return per unit of return volatility over the last 3 months. Our approach to 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-eight technical indicators for AMN Healthcare Services, which you can use to evaluate the future volatility of the firm. Please makes use of AMN Healthcare's Risk Adjusted Performance of 0.1772, mean deviation of 1.99, and Semi Deviation of 2.66 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, AMN Healthcare holds a performance score of 9. The firm shows a Beta (market volatility) of 0.7349, which signifies possible diversification benefits within a given portfolio. Let's try to break down what AMN Healthcare's beta means in this case. As returns on the market increase, AMN Healthcare returns are expected to increase less than the market. However, during the bear market, the loss on holding AMN Healthcare will be expected to be smaller as well. Although it is vital to follow AMN Healthcare Services historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The approach to 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 reviewing AMN Healthcare Services technical indicators, you can today evaluate if the expected return of 0.33% will be sustainable into the future. Please makes use of AMN Healthcare Services total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power to make a quick decision on whether AMN Healthcare price patterns will revert.

Auto-correlation

    
  0.44  

Average predictability

AMN Healthcare Services has average predictability. Overlapping area represents the amount of predictability between AMN Healthcare time series from 4th of November 2022 to 19th of November 2022 and 19th of November 2022 to 4th of December 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 AMN Healthcare Services price movement. The serial correlation of 0.44 indicates that just about 44.0% of current AMN Healthcare price fluctuation can be explain by its past prices.
Correlation Coefficient0.44
Spearman Rank Test0.61
Residual Average0.0
Price Variance1.18

AMN Healthcare Services lagged returns against current returns

Autocorrelation, which is AMN Healthcare 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 AMN Healthcare's stock expected returns. We can calculate the autocorrelation of AMN Healthcare returns to help us make a trade decision. For example, suppose you find that AMN Healthcare 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   
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       Timeline  

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

AMN Healthcare Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in AMN Healthcare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with AMN Healthcare

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 AMN Healthcare 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 AMN Healthcare will appreciate offsetting losses from the drop in the long position's value.

Moving together with AMN Healthcare

+0.76JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to AMN Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMN Healthcare 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 AMN Healthcare - 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 AMN Healthcare Services to buy it.
The correlation of AMN Healthcare 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 AMN Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMN Healthcare Services 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 AMN Healthcare 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 AMN Healthcare Correlation, AMN Healthcare Volatility and AMN Healthcare Alpha and Beta module to complement your research on AMN Healthcare. You can also try Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running AMN Healthcare Services price analysis, check to measure AMN Healthcare'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 AMN Healthcare is operating at the current time. Most of AMN Healthcare's value examination focuses on studying past and present price action to predict the probability of AMN Healthcare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move AMN Healthcare's price. Additionally, you may evaluate how the addition of AMN Healthcare to your portfolios can decrease your overall portfolio volatility.
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AMN Healthcare 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 AMN Healthcare technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AMN Healthcare 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...