Aaon Stock Market Value

AAON
 Stock
  

USD 54.07  0.46  0.84%   

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


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.
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.

Aaon '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 Aaon'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 Aaon.
0.00
08/26/2022
No Change 0.00  0.0 
In 31 days
09/25/2022
0.00
If you would invest  0.00  in Aaon on August 26, 2022 and sell it all today you would earn a total of 0.00 from holding Aaon Inc or generate 0.0% return on investment in Aaon over 30 days. Aaon is related to or competes with BUSHVELD MINERALS. AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioni... More

Aaon 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 Aaon'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 Aaon Inc upside and downside potential and time the market with a certain degree of confidence.

Aaon Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Aaon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aaon's standard deviation. In reality, there are many statistical measures that can use Aaon historical prices to predict the future Aaon's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Aaon'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 Aaon in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
51.9554.0856.21
Details
Intrinsic
Valuation
LowReal ValueHigh
48.6663.5365.66
Details
Naive
Forecast
LowNext ValueHigh
52.1154.2456.37
Details
1 Analysts
Consensus
LowTarget PriceHigh
70.0070.0070.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Aaon. Your research has to be compared to or analyzed against Aaon's peers to derive any actionable benefits. When done correctly, Aaon'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 Aaon Inc.

Aaon Inc Backtested Returns

We consider Aaon very steady. Aaon Inc secures Sharpe Ratio (or Efficiency) of 0.0135, which signifies that the company had 0.0135% 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-eight technical indicators for Aaon Inc, which you can use to evaluate the future volatility of the firm. Please confirm Aaon Inc Mean Deviation of 1.79, risk adjusted performance of 0.0651, and Downside Deviation of 1.99 to double-check if the risk estimate we provide is consistent with the expected return of 0.0287%.
Aaon has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.2342, which signifies a somewhat significant risk relative to the market. Let's try to break down what Aaon'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, Aaon will likely underperform. Although it is important to respect Aaon Inc 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 Aaon Inc technical indicators, you can presently evaluate if the expected return of 0.0287% will be sustainable into the future. Aaon Inc right now shows a risk of 2.13%. Please confirm Aaon Inc semi variance, and the relationship between the treynor ratio and daily balance of power to decide if Aaon Inc will be following its price patterns.

Auto-correlation

    
  -0.1  

Very weak reverse predictability

Aaon Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Aaon time series from 26th of August 2022 to 10th of September 2022 and 10th of September 2022 to 25th 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 Aaon Inc price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Aaon price fluctuation can be explain by its past prices.
Correlation Coefficient-0.1
Spearman Rank Test-0.06
Residual Average0.0
Price Variance2.81

Aaon Inc lagged returns against current returns

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

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

Aaon Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aaon 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 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 together with Aaon

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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 Aaon Correlation, Aaon Volatility and Aaon Alpha and Beta module to complement your research on Aaon. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for analysis

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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Aaon 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 Aaon technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Aaon 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...