Alight Inc Stock Market Value
| ALIT Stock | USD 6.11 0.20 3.38% |
| Symbol | Alight |
Is Human Resource & Employment Services 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 Alight. If investors know Alight 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 Alight 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 Alight Inc is measured differently than its book value, which is the value of Alight that is recorded on the company's balance sheet. Investors also form their own opinion of Alight's value that differs from its market value or its book value, called intrinsic value, which is Alight'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 Alight's market value can be influenced by many factors that don't directly affect Alight'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 Alight's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alight is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alight'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.
Alight '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 Alight'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 Alight.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Alight on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Alight Inc or generate 0.0% return on investment in Alight over 90 days. Alight is related to or competes with Paycor HCM, Appfolio, Agilysys, Clearwater Analytics, Descartes Systems, Alkami Technology, and ADEIA P. Alight, Inc. operates as a cloud-based provider of integrated digital human capital and business solutions worldwide More
Alight 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 Alight'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 Alight Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.87 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 2.81 |
Alight Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alight's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alight's standard deviation. In reality, there are many statistical measures that can use Alight historical prices to predict the future Alight's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 5.09 |
Alight Inc Backtested Returns
Alight Inc secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of risk over the last 3 months. Alight Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alight's Risk Adjusted Performance of (0.10), mean deviation of 1.38, and Standard Deviation of 1.76 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.045, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alight are expected to decrease at a much lower rate. During the bear market, Alight is likely to outperform the market. At this point, Alight Inc has a negative expected return of -0.22%. Please make sure to confirm Alight's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Alight Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Alight Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Alight 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 Alight Inc price movement. The serial correlation of -0.47 indicates that about 47.0% of current Alight price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Alight Inc lagged returns against current returns
Autocorrelation, which is Alight 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 Alight's stock expected returns. We can calculate the autocorrelation of Alight returns to help us make a trade decision. For example, suppose you find that Alight 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 |
Alight 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 Alight stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alight stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alight stock over time.
Current vs Lagged Prices |
| Timeline |
Alight Lagged Returns
When evaluating Alight's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alight stock have on its future price. Alight 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, Alight autocorrelation shows the relationship between Alight stock current value and its past values and can show if there is a momentum factor associated with investing in Alight Inc.
Regressed Prices |
| Timeline |
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Additional Tools for Alight Stock Analysis
When running Alight's price analysis, check to measure Alight'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 Alight is operating at the current time. Most of Alight's value examination focuses on studying past and present price action to predict the probability of Alight's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alight's price. Additionally, you may evaluate how the addition of Alight to your portfolios can decrease your overall portfolio volatility.