Axon Enterprise Stock Market Value

AXON
 Stock
  

USD 115.69  2.45  2.16%   

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


Is Axon Enterprise'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 Axon Enterprise. If investors know Axon Enterprise 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 Axon Enterprise listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Axon Enterprise is measured differently than its book value, which is the value of Axon Enterprise that is recorded on the company's balance sheet. Investors also form their own opinion of Axon Enterprise's value that differs from its market value or its book value, called intrinsic value, which is Axon Enterprise'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 Axon Enterprise's market value can be influenced by many factors that don't directly affect Axon Enterprise'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 Axon Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine Axon Enterprise value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axon Enterprise'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.

Axon Enterprise '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 Axon Enterprise'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 Axon Enterprise.
0.00
08/29/2022
No Change 0.00  0.0 
In 31 days
09/28/2022
0.00
If you would invest  0.00  in Axon Enterprise on August 29, 2022 and sell it all today you would earn a total of 0.00 from holding Axon Enterprise or generate 0.0% return on investment in Axon Enterprise over 30 days. Axon Enterprise is related to or competes with Microsoft Corp. Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices under the TASER brand in the United Sta... More

Axon Enterprise 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 Axon Enterprise'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 Axon Enterprise upside and downside potential and time the market with a certain degree of confidence.

Axon Enterprise Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Axon Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axon Enterprise's standard deviation. In reality, there are many statistical measures that can use Axon Enterprise historical prices to predict the future Axon Enterprise's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Axon Enterprise'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 Axon Enterprise in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
112.94115.90118.86
Details
Intrinsic
Valuation
LowReal ValueHigh
104.12146.21149.17
Details
Naive
Forecast
LowNext ValueHigh
110.17113.12116.08
Details
8 Analysts
Consensus
LowTarget PriceHigh
180.00218.90250.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Axon Enterprise. Your research has to be compared to or analyzed against Axon Enterprise's peers to derive any actionable benefits. When done correctly, Axon Enterprise'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 Axon Enterprise.

Axon Enterprise Backtested Returns

Axon Enterprise appears to be very steady, given 3 months investment horizon. Axon Enterprise secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had 0.13% 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 Axon Enterprise, which you can use to evaluate the future volatility of the firm. Please makes use of Axon Enterprise's Risk Adjusted Performance of 0.1265, mean deviation of 2.15, and Downside Deviation of 2.33 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Axon Enterprise holds a performance score of 9. The firm shows a Beta (market volatility) of 1.4112, which signifies a somewhat significant risk relative to the market. Let's try to break down what Axon Enterprise's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Axon Enterprise will likely underperform. Although it is vital to follow Axon Enterprise historical returns, it is good to be conservative about what you can do with the information regarding equity 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 Axon Enterprise technical indicators, you can presently evaluate if the expected return of 0.39% will be sustainable into the future. Please makes use of Axon Enterprise coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to make a quick decision on whether Axon Enterprise price patterns will revert.

Auto-correlation

    
  -0.73  

Almost perfect reverse predictability

Axon Enterprise has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Axon Enterprise time series from 29th of August 2022 to 13th of September 2022 and 13th of September 2022 to 28th of September 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 Axon Enterprise price movement. The serial correlation of -0.73 indicates that around 73.0% of current Axon Enterprise price fluctuation can be explain by its past prices.
Correlation Coefficient-0.73
Spearman Rank Test-0.59
Residual Average0.0
Price Variance10.02

Axon Enterprise lagged returns against current returns

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

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

Axon Enterprise Lagged Returns

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

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 Axon Enterprise 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, Axon Enterprise's short interest history, or implied volatility extrapolated from Axon Enterprise options trading.

Pair Trading with Axon Enterprise

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 Axon Enterprise 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 Axon Enterprise will appreciate offsetting losses from the drop in the long position's value.

Moving together with Axon Enterprise

+0.85AAPLApple Inc Fiscal Year End 27th of October 2022 PairCorr
The ability to find closely correlated positions to Axon Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axon Enterprise 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 Axon Enterprise - 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 Axon Enterprise to buy it.
The correlation of Axon Enterprise 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 Axon Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axon Enterprise 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 Axon Enterprise 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 Axon Enterprise Correlation, Axon Enterprise Volatility and Axon Enterprise Alpha and Beta module to complement your research on Axon Enterprise. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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