Alamo Group Stock Market Value
| ALG Stock | USD 199.50 0.98 0.49% |
| Symbol | Alamo |
Alamo Group Price To Book Ratio
Is Alamo'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 Alamo. If investors know Alamo 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 Alamo 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 0.078 | Dividend Share 0.88 | Earnings Share 11.36 | Revenue Per Share 141.749 | Quarterly Revenue Growth 0.08 |
The market value of Alamo Group is measured differently than its book value, which is the value of Alamo that is recorded on the company's balance sheet. Investors also form their own opinion of Alamo's value that differs from its market value or its book value, called intrinsic value, which is Alamo'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 Alamo's market value can be influenced by many factors that don't directly affect Alamo'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 Alamo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alamo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alamo'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.
Alamo '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 Alamo'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 Alamo.
| 05/11/2022 |
| 04/30/2024 |
If you would invest 0.00 in Alamo on May 11, 2022 and sell it all today you would earn a total of 0.00 from holding Alamo Group or generate 0.0% return on investment in Alamo over 720 days. Alamo is related to or competes with AGCO, CNH Industrial, Deere, Lindsay, Ideanomics, and Lion Electric. Alamo Group Inc. designs, manufactures, distributes, and services vegetation management and infrastructure maintenance e... More
Alamo 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 Alamo'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 Alamo Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.47 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 2.26 |
Alamo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alamo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alamo's standard deviation. In reality, there are many statistical measures that can use Alamo historical prices to predict the future Alamo's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alamo'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.
Alamo Group Backtested Returns
Alamo Group secures Sharpe Ratio (or Efficiency) of -0.045, which signifies that the company had a -0.045% return per unit of standard deviation over the last 3 months. Alamo Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alamo's mean deviation of 1.45, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.8, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alamo will likely underperform. Alamo Group has an expected return of -0.0873%. Please make sure to confirm Alamo Group coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if Alamo Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Alamo Group has good predictability. Overlapping area represents the amount of predictability between Alamo time series from 11th of May 2022 to 6th of May 2023 and 6th of May 2023 to 30th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alamo Group price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Alamo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 299.63 |
Alamo Group lagged returns against current returns
Autocorrelation, which is Alamo 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 Alamo's stock expected returns. We can calculate the autocorrelation of Alamo returns to help us make a trade decision. For example, suppose you find that Alamo 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alamo 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 Alamo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alamo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alamo stock over time.
Current vs Lagged Prices |
| Timeline |
Alamo Lagged Returns
When evaluating Alamo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alamo stock have on its future price. Alamo 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, Alamo autocorrelation shows the relationship between Alamo stock current value and its past values and can show if there is a momentum factor associated with investing in Alamo Group.
Regressed Prices |
| Timeline |
Pair Trading with Alamo
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 Alamo 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 Alamo will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Alamo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alamo 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 Alamo - 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 Alamo Group to buy it.
The correlation of Alamo is a statistical measure of how it moves in relation to other instruments. 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 Alamo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alamo Group 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 Alamo 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.Check out Alamo Correlation, Alamo Volatility and Alamo Alpha and Beta module to complement your research on Alamo. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Alamo Stock analysis
When running Alamo's price analysis, check to measure Alamo'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 Alamo is operating at the current time. Most of Alamo's value examination focuses on studying past and present price action to predict the probability of Alamo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alamo's price. Additionally, you may evaluate how the addition of Alamo to your portfolios can decrease your overall portfolio volatility.
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Alamo 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.