Alta Equipment Group Preferred Stock Market Value
| ALTG-PA Preferred Stock | USD 25.54 0.27 1.05% |
| Symbol | Alta |
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 preferred 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.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alta Equipment on June 3, 2024 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 180 days. Alta Equipment is related to or competes with Triton International, Babcock Wilcox, Triton International, and Triton International. 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 preferred 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.
| Downside Deviation | 0.5108 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.05 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.8526 |
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 | 0.0747 | |||
| Jensen Alpha | 0.0395 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (5.60) |
Alta Equipment Group Backtested Returns
At this point, Alta Equipment is very steady. Alta Equipment Group secures Sharpe Ratio (or Efficiency) of 0.0942, which signifies that the company had a 0.0942% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alta Equipment Group, which you can use to evaluate the volatility of the firm. Please confirm Alta Equipment's Risk Adjusted Performance of 0.0747, downside deviation of 0.5108, and Mean Deviation of 0.3331 to double-check if the risk estimate we provide is consistent with the expected return of 0.0439%. Alta Equipment has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0069, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alta Equipment are expected to decrease at a much lower rate. During the bear market, Alta Equipment is likely to outperform the market. Alta Equipment Group right now shows a risk of 0.47%. Please confirm Alta Equipment Group treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Alta Equipment Group will be following its price patterns.
Auto-correlation | 0.46 |
Average predictability
Alta Equipment Group has average predictability. Overlapping area represents the amount of predictability between Alta Equipment 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 Alta Equipment Group price movement. The serial correlation of 0.46 indicates that about 46.0% of current Alta Equipment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Alta Equipment Group lagged returns against current returns
Autocorrelation, which is Alta Equipment preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alta Equipment preferred 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 preferred 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 preferred 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 preferred 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 |
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.Other Information on Investing in Alta Preferred Stock
Alta Equipment financial ratios help investors to determine whether Alta Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alta with respect to the benefits of owning Alta Equipment security.