Alamo Group Stock Market Value
| ALG Stock | USD 185.91 3.31 1.81% |
| Symbol | Alamo |
Alamo Group Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment space 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 (0.11) | Dividend Share 1.04 | Earnings Share 9.63 | Revenue Per Share | 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.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Alamo on December 15, 2024 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 90 days. Alamo is related to or competes with Hyster Yale, Columbus McKinnon, AGCO, Titan International, Lindsay, Shyft, and Gencor Industries. 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 | 0.0282 | |||
| Maximum Drawdown | 7.08 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 1.96 |
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 | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.1303 | |||
| Treynor Ratio | (0.94) |
Alamo Group Backtested Returns
Alamo Group secures Sharpe Ratio (or Efficiency) of -0.0553, which signifies that the company had a -0.0553 % return per unit of standard deviation over the last 3 months. Alamo Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alamo's mean deviation of 1.03, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alamo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alamo is expected to be smaller as well. At this point, Alamo Group has a negative expected return of -0.0798%. Please make sure to confirm Alamo's maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Alamo Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Alamo Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Alamo time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. 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 -0.12 indicates that less than 12.0% of current Alamo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 15.06 |
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 |
Currently Active Assets on Macroaxis
When determining whether Alamo Group is a strong investment it is important to analyze Alamo's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alamo's future performance. For an informed investment choice regarding Alamo Stock, refer to the following important reports:Check out Alamo Correlation, Alamo Volatility and Alamo Alpha and Beta module to complement your research on Alamo. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.