Amdocs Stock Market Value

DOX
 Stock
  

USD 84.45  1.14  1.37%   

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


Is Amdocs' 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 Amdocs. If investors know Amdocs 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 Amdocs 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
0.41
Market Capitalization
10.4 B
Quarterly Revenue Growth YOY
0.092
Return On Assets
0.0601
Return On Equity
0.16
The market value of Amdocs Limited is measured differently than its book value, which is the value of Amdocs that is recorded on the company's balance sheet. Investors also form their own opinion of Amdocs' value that differs from its market value or its book value, called intrinsic value, which is Amdocs' 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 Amdocs' market value can be influenced by many factors that don't directly affect Amdocs' 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 Amdocs' value and its price as these two are different measures arrived at by different means. Investors typically determine Amdocs value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amdocs' 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.

Amdocs '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 Amdocs' 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 Amdocs.
0.00
07/14/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
07/04/2022
0.00
If you would invest  0.00  in Amdocs on July 14, 2020 and sell it all today you would earn a total of 0.00 from holding Amdocs Limited or generate 0.0% return on investment in Amdocs over 720 days. Amdocs is related to or competes with Black Knight, Travelers Companies, Cisco Systems, Coca Cola, Pfizer, Hp, and Walmart. Amdocs Limited, through its subsidiaries, provides software and services worldwideMore

Amdocs 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 Amdocs' 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 Amdocs Limited upside and downside potential and time the market with a certain degree of confidence.

Amdocs Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Amdocs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amdocs' standard deviation. In reality, there are many statistical measures that can use Amdocs historical prices to predict the future Amdocs' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Amdocs' 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 Amdocs in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
82.7984.4486.09
Details
Intrinsic
Valuation
LowReal ValueHigh
76.0193.1094.75
Details
Naive
Forecast
LowNext ValueHigh
89.3791.0292.67
Details
3 Analysts
Consensus
LowTarget PriceHigh
78.0088.2099.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Amdocs. Your research has to be compared to or analyzed against Amdocs' peers to derive any actionable benefits. When done correctly, Amdocs' 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 Amdocs Limited.

Amdocs Limited Backtested Returns

We consider Amdocs very steady. Amdocs Limited secures Sharpe Ratio (or Efficiency) of 0.0349, which signifies that the company had 0.0349% of return per unit of standard deviation over the last 3 months. Our philosophy in 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 Amdocs Limited, which you can use to evaluate the future volatility of the firm. Please confirm Amdocs Limited risk adjusted performance of 0.0331, and Mean Deviation of 1.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.0578%.
Amdocs has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.7209, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Amdocs's beta means in this case. As returns on the market increase, Amdocs returns are expected to increase less than the market. However, during the bear market, the loss on holding Amdocs will be expected to be smaller as well. Although it is important to respect Amdocs Limited historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in 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 Amdocs Limited technical indicators, you can presently evaluate if the expected return of 0.0578% will be sustainable into the future. Amdocs Limited right now shows a risk of 1.65%. Please confirm Amdocs Limited potential upside, and the relationship between the jensen alpha and accumulation distribution to decide if Amdocs Limited will be following its price patterns.

Auto-correlation

    
  0.55  

Modest predictability

Amdocs Limited has modest predictability. Overlapping area represents the amount of predictability between Amdocs time series from 14th of July 2020 to 9th of July 2021 and 9th of July 2021 to 4th of July 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 Amdocs Limited price movement. The serial correlation of 0.55 indicates that about 55.0% of current Amdocs price fluctuation can be explain by its past prices.
Correlation Coefficient0.55
Spearman Rank Test0.62
Residual Average0.0
Price Variance15.35

Amdocs Limited lagged returns against current returns

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

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

Amdocs Lagged Returns

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

Amdocs Investors Sentiment

The influence of Amdocs' 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 Amdocs. 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.

Amdocs Implied Volatility

    
  33.35  
Amdocs' implied volatility exposes the market's sentiment of Amdocs Limited stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Amdocs' 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 Amdocs stock will not fluctuate a lot when Amdocs' 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 Amdocs 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, Amdocs' short interest history, or implied volatility extrapolated from Amdocs options trading.

Current Sentiment - DOX

Amdocs Limited Investor Sentiment

Greater number of Macroaxis users are currently bullish on Amdocs Limited. What is your sentiment towards investing in Amdocs Limited? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Amdocs

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

Amdocs Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Amdocs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amdocs 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 Amdocs - 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 Amdocs Limited to buy it.
The correlation of Amdocs 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 Amdocs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amdocs Limited 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 Amdocs 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
Continue to Amdocs Hype Analysis, Amdocs Correlation, Amdocs Valuation, Amdocs Volatility, as well as analyze Amdocs Alpha and Beta and Amdocs Performance. Note that the Amdocs Limited information on this page should be used as a complementary analysis to other Amdocs' 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Amdocs Stock analysis

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