Alta Equipment Group Stock Market Value
| ALTG Stock | USD 7.37 0.02 0.27% |
| Symbol | Alta |
Alta Equipment Group Price To Book Ratio
Is Trading Companies & Distributors 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 Alta Equipment. If investors know Alta 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 Alta Equipment 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 0.454 | Dividend Share 0.228 | Earnings Share (1.71) | Revenue Per Share | Quarterly Revenue Growth (0.04) |
The market value of Alta Equipment Group is measured differently than its book value, which is the value of Alta that is recorded on the company's balance sheet. Investors also form their own opinion of Alta Equipment's value that differs from its market value or its book value, called intrinsic value, which is Alta Equipment'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 Alta Equipment's market value can be influenced by many factors that don't directly affect Alta Equipment'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 Alta Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alta Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alta Equipment'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.
Alta Equipment '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 Alta Equipment'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 Alta Equipment.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in Alta Equipment on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Alta Equipment Group or generate 0.0% return on investment in Alta Equipment over 30 days. Alta Equipment is related to or competes with PROG Holdings, GATX, McGrath RentCorp, Custom Truck, Mega Matrix, FTAI Aviation, and HE Equipment. Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States More
Alta Equipment 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 Alta Equipment'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 Alta Equipment Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.61 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 5.7 |
Alta Equipment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alta Equipment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alta Equipment's standard deviation. In reality, there are many statistical measures that can use Alta Equipment historical prices to predict the future Alta Equipment's volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alta Equipment'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.
Alta Equipment Group Backtested Returns
At this point, Alta Equipment is somewhat reliable. Alta Equipment Group secures Sharpe Ratio (or Efficiency) of 0.0374, which signifies that the company had a 0.0374 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Alta Equipment Group, which you can use to evaluate the volatility of the firm. Please confirm Alta Equipment's Standard Deviation of 3.36, risk adjusted performance of (0.0005), and Mean Deviation of 2.56 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Alta Equipment has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.83, 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, Alta Equipment will likely underperform. Alta Equipment Group right now shows a risk of 3.01%. Please confirm Alta Equipment Group skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Alta Equipment Group will be following its price patterns.
Auto-correlation | -0.52 |
Good reverse predictability
Alta Equipment Group has good reverse predictability. Overlapping area represents the amount of predictability between Alta Equipment time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th of February 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 Alta Equipment Group price movement. The serial correlation of -0.52 indicates that about 52.0% of current Alta Equipment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Alta Equipment Group lagged returns against current returns
Autocorrelation, which is Alta Equipment 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 Alta Equipment's stock expected returns. We can calculate the autocorrelation of Alta Equipment returns to help us make a trade decision. For example, suppose you find that Alta Equipment 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 |
Alta Equipment 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 Alta Equipment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alta Equipment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alta Equipment stock over time.
Current vs Lagged Prices |
| Timeline |
Alta Equipment Lagged Returns
When evaluating Alta Equipment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alta Equipment stock have on its future price. Alta Equipment 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, Alta Equipment autocorrelation shows the relationship between Alta Equipment stock current value and its past values and can show if there is a momentum factor associated with investing in Alta Equipment Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Alta Equipment Group is a strong investment it is important to analyze Alta Equipment'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 Alta Equipment's future performance. For an informed investment choice regarding Alta Stock, refer to the following important reports:Check out Alta Equipment Correlation, Alta Equipment Volatility and Alta Equipment Alpha and Beta module to complement your research on Alta Equipment. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Alta Equipment 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.