Alpha Star Acquisition Stock Market Value
| ALSA Stock | USD 11.85 0.04 0.34% |
| Symbol | Alpha |
Alpha Star Acquisition Price To Book Ratio
Is Asset Management & Custody Banks 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 Alpha Star. If investors know Alpha 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 Alpha Star 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 (0.09) | Earnings Share (1.08) | Return On Assets (0) |
The market value of Alpha Star Acquisition is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Star's value that differs from its market value or its book value, called intrinsic value, which is Alpha Star'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 Alpha Star's market value can be influenced by many factors that don't directly affect Alpha Star'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 Alpha Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Star'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.
Alpha Star '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 Alpha Star'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 Alpha Star.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Alpha Star on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Alpha Star Acquisition or generate 0.0% return on investment in Alpha Star over 360 days. Alpha Star is related to or competes with Alpha One, SCOR PK, SPACE, T Rowe, Ampleforth, and Ionet. Alpha Star Acquisition Corporation does not have significant operations More
Alpha Star 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 Alpha Star'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 Alpha Star Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.64 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 2.06 |
Alpha Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Star's standard deviation. In reality, there are many statistical measures that can use Alpha Star historical prices to predict the future Alpha Star's volatility.| Risk Adjusted Performance | 0.0151 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0191 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alpha Star'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.
Alpha Star Acquisition Backtested Returns
At this point, Alpha Star is very steady. Alpha Star Acquisition secures Sharpe Ratio (or Efficiency) of 0.0483, which signifies that the company had a 0.0483% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alpha Star Acquisition, which you can use to evaluate the volatility of the firm. Please confirm Alpha Star's Risk Adjusted Performance of 0.0151, mean deviation of 0.4748, and Downside Deviation of 1.59 to double-check if the risk estimate we provide is consistent with the expected return of 0.0283%. Alpha Star has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alpha Star's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alpha Star is expected to be smaller as well. Alpha Star Acquisition right now shows a risk of 0.59%. Please confirm Alpha Star Acquisition downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Alpha Star Acquisition will be following its price patterns.
Auto-correlation | 0.27 |
Poor predictability
Alpha Star Acquisition has poor predictability. Overlapping area represents the amount of predictability between Alpha Star time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Alpha Star Acquisition price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Alpha Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Alpha Star Acquisition lagged returns against current returns
Autocorrelation, which is Alpha Star 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 Alpha Star's stock expected returns. We can calculate the autocorrelation of Alpha Star returns to help us make a trade decision. For example, suppose you find that Alpha Star 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 |
Alpha Star 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 Alpha Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Star stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Star Lagged Returns
When evaluating Alpha Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Star stock have on its future price. Alpha Star 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, Alpha Star autocorrelation shows the relationship between Alpha Star stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Star Acquisition.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Alpha Star Acquisition is a strong investment it is important to analyze Alpha Star'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 Alpha Star's future performance. For an informed investment choice regarding Alpha Stock, refer to the following important reports:Check out Alpha Star Correlation, Alpha Star Volatility and Alpha Star Alpha and Beta module to complement your research on Alpha Star. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Alpha Star 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.