Alamo Group Stock Market Value
| ALG Stock | USD 199.95 2.06 1.04% |
| 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 (0.22) | Dividend Share 1 | Earnings Share 9.93 | Revenue Per Share 138.895 | Quarterly Revenue Growth (0.04) |
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.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alamo on June 3, 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 180 days. Alamo is related to or competes with Hyster Yale, Columbus McKinnon, AGCO, Titan International, Lindsay, Shyft, and Manitex International. 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.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0152 | |||
| Maximum Drawdown | 12.98 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.41 |
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 | 0.0686 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.019 | |||
| Treynor Ratio | 0.0968 |
Alamo Group Backtested Returns
Alamo appears to be very steady, given 3 months investment horizon. Alamo Group secures Sharpe Ratio (or Efficiency) of 0.0964, which signifies that the company had a 0.0964% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Alamo Group, which you can use to evaluate the volatility of the firm. Please makes use of Alamo's mean deviation of 1.44, and Risk Adjusted Performance of 0.0686 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alamo holds a performance score of 7. The firm shows a Beta (market volatility) of 1.65, 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. Please check Alamo's semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to make a quick decision on whether Alamo's price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Alamo Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Alamo time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 -0.13 indicates that less than 13.0% of current Alamo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 92.99 |
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 |
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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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.