Aaon Return on Average Equity Trend from 2010 to 2022

AAON
 Stock
  

USD 61.72  0.67  1.10%   

Aaon Return on Average Equity yearly trend continues to be quite stable with very little volatility. Return on Average Equity may rise above 0.17 this year. From the period between 2010 and 2022, Aaon, Return on Average Equity regression line of its data series had standard deviation of 0.05 and standard deviation of  0.05. Aaon Earning Before Interest and Taxes EBIT is quite stable at the moment as compared to the past year. The company's current value of Earning Before Interest and Taxes EBIT is estimated at 73.85 Million. Operating Income is expected to rise to about 73.8 M this year, although the value of Direct Expenses will most likely fall to about 326.5 M.
  
Check Aaon financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aaon main balance sheet or income statement drivers, such as Direct Expenses of 326.5 M, Consolidated Income of 57.8 M or Cost of Revenue of 375.4 M, as well as many exotic indicators such as Interest Coverage of 387, Long Term Debt to Equity of 0.0767 or Calculated Tax Rate of 15.46. Aaon financial statements analysis is a perfect complement when working with Aaon Valuation or Volatility modules. It can also supplement Aaon's financial leverage analysis and stock options assessment as well as various Aaon Technical models . Please continue to the analysis of Aaon Correlation against competitors.

Aaon Return on Average Equity Breakdown

Showing smoothed Return on Average Equity of Aaon Inc with missing and latest data points interpolated. Return on equity measures a corporation's profitability by calculating the amount of Net Income Common Stock returned as a percentage of [EquityAvg].Aaon's Return on Average Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Aaon's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 14.17 %10 Years Trend
Increasing
Very volatile
   Return on Average Equity   
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       Timeline  

Aaon Return on Average Equity Regression Statistics

Arithmetic Mean 0.20
Geometric Mean 0.19
Coefficient Of Variation 26.46
Mean Deviation 0.044704
Median 0.21
Standard Deviation 0.05
Sample Variance 0.002801
Range 0.15
R-Value 0.12
Mean Square Error 0.003014
R-Squared 0.013816
Significance 0.70
Slope 0.001597
Total Sum of Squares 0.033615

Aaon Return on Average Equity History

2012 0.21
2013 0.24
2014 0.25
2016 0.27
2018 0.17
2019 0.2
2021 0.14

About Aaon Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Aaon income statement, its balance sheet, and the statement of cash flows. Aaon investors use historical funamental indicators, such as Aaon's Return on Average Equity, to determine how well the company is positioned to perform in the future. Although Aaon investors may use each financial statement separately, they are all related. The changes in Aaon's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Aaon's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Aaon Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Aaon. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Equity 0.14  0.17 
Average Assets538.5 M453.5 M
Average Equity405.8 M342.6 M
Invested Capital Average351.7 M305.5 M
AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company was incorporated in 1987 and is based in Tulsa, Oklahoma. Aaon operates under Building Products Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 2881 people.

Aaon Investors Sentiment

The influence of Aaon'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 Aaon. 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 Aaon's public news can be used to forecast risks associated with investment in Aaon. The trend in average sentiment can be used to explain how an investor holding Aaon can time the market purely based on public headlines and social activities around Aaon Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Aaon'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 Aaon'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 Aaon's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Aaon.

Aaon Implied Volatility

    
  37.44  
Aaon's implied volatility exposes the market's sentiment of Aaon Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aaon'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 Aaon stock will not fluctuate a lot when Aaon'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 Aaon 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, Aaon's short interest history, or implied volatility extrapolated from Aaon options trading.

Pair Trading with Aaon

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

Moving against Aaon

0.67ARCHArch Resources Normal TradingPairCorr
The ability to find closely correlated positions to Aaon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aaon 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 Aaon - 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 Aaon Inc to buy it.
The correlation of Aaon 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 Aaon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aaon Inc 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 Aaon 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 the analysis of Aaon Correlation against competitors. Note that the Aaon Inc information on this page should be used as a complementary analysis to other Aaon'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Aaon Inc price analysis, check to measure Aaon'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 Aaon is operating at the current time. Most of Aaon's value examination focuses on studying past and present price action to predict the probability of Aaon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aaon's price. Additionally, you may evaluate how the addition of Aaon to your portfolios can decrease your overall portfolio volatility.
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Is Aaon'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 Aaon. If investors know Aaon 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 Aaon 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
-0.21
Market Capitalization
3.2 B
Quarterly Revenue Growth YOY
0.45
Return On Assets
0.0681
Return On Equity
0.13
The market value of Aaon Inc is measured differently than its book value, which is the value of Aaon that is recorded on the company's balance sheet. Investors also form their own opinion of Aaon's value that differs from its market value or its book value, called intrinsic value, which is Aaon'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 Aaon's market value can be influenced by many factors that don't directly affect Aaon'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 Aaon's value and its price as these two are different measures arrived at by different means. Investors typically determine Aaon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aaon'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.