Alerus Financial Corp Stock Market Value
| ALRS Stock | USD 19.99 0.17 0.86% |
| Symbol | Alerus |
Alerus Financial Corp Price To Book Ratio
Is Diversified Financial 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 Alerus Financial. If investors know Alerus 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 Alerus Financial 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 (0.42) | Dividend Share 0.78 | Earnings Share 0.17 | Revenue Per Share 8.323 | Quarterly Revenue Growth 0.009 |
The market value of Alerus Financial Corp is measured differently than its book value, which is the value of Alerus that is recorded on the company's balance sheet. Investors also form their own opinion of Alerus Financial's value that differs from its market value or its book value, called intrinsic value, which is Alerus Financial'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 Alerus Financial's market value can be influenced by many factors that don't directly affect Alerus Financial'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 Alerus Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alerus Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alerus Financial'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.
Alerus Financial '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 Alerus Financial'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 Alerus Financial.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Alerus Financial on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Alerus Financial Corp or generate 0.0% return on investment in Alerus Financial over 30 days. Alerus Financial is related to or competes with Federated Premier, Blackrock Muniyield, Diamond Hill, NXG NextGen, Federated Investors, Ares Management, and TPG. Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial... More
Alerus Financial 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 Alerus Financial'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 Alerus Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.74 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 2.67 |
Alerus Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alerus Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alerus Financial's standard deviation. In reality, there are many statistical measures that can use Alerus Financial historical prices to predict the future Alerus Financial's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.11) |
Alerus Financial Corp Backtested Returns
Alerus Financial Corp secures Sharpe Ratio (or Efficiency) of -0.0396, which signifies that the company had a -0.0396% return per unit of standard deviation over the last 3 months. Alerus Financial Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alerus Financial's risk adjusted performance of (0.04), and Mean Deviation of 1.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.63, 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, Alerus Financial will likely underperform. At this point, Alerus Financial Corp has a negative expected return of -0.1%. Please make sure to confirm Alerus Financial's total risk alpha, as well as the relationship between the skewness and day median price , to decide if Alerus Financial Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Alerus Financial Corp has good predictability. Overlapping area represents the amount of predictability between Alerus Financial time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 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 Alerus Financial Corp price movement. The serial correlation of 0.68 indicates that around 68.0% of current Alerus Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Alerus Financial Corp lagged returns against current returns
Autocorrelation, which is Alerus Financial 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 Alerus Financial's stock expected returns. We can calculate the autocorrelation of Alerus Financial returns to help us make a trade decision. For example, suppose you find that Alerus Financial 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 |
Alerus Financial 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 Alerus Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alerus Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alerus Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Alerus Financial Lagged Returns
When evaluating Alerus Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alerus Financial stock have on its future price. Alerus Financial 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, Alerus Financial autocorrelation shows the relationship between Alerus Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Alerus Financial Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alerus Stock Analysis
When running Alerus Financial's price analysis, check to measure Alerus Financial'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 Alerus Financial is operating at the current time. Most of Alerus Financial's value examination focuses on studying past and present price action to predict the probability of Alerus Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alerus Financial's price. Additionally, you may evaluate how the addition of Alerus Financial to your portfolios can decrease your overall portfolio volatility.