Alpha Pro Tech Stock Market Value
| APT Stock | USD 4.77 0.53 10.00% |
| Symbol | Alpha |
Alpha Pro Tech Price To Book Ratio
Is Building Products 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 Pro. 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 Pro 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 (0.35) | Earnings Share 0.36 | Revenue Per Share 5.292 | Quarterly Revenue Growth (0.11) | Return On Assets 0.034 |
The market value of Alpha Pro Tech 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 Pro's value that differs from its market value or its book value, called intrinsic value, which is Alpha Pro'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 Pro's market value can be influenced by many factors that don't directly affect Alpha Pro'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 Pro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Pro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Pro'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 Pro '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 Pro'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 Pro.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Alpha Pro on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Alpha Pro Tech or generate 0.0% return on investment in Alpha Pro over 30 days. Alpha Pro is related to or competes with Trex, Quanex Building, Armstrong World, Gibraltar Industries, Apogee Enterprises, Travis Perkins, and Janus International. Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protecti... More
Alpha Pro 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 Pro'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 Pro Tech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.1 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 2.94 |
Alpha Pro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Pro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Pro's standard deviation. In reality, there are many statistical measures that can use Alpha Pro historical prices to predict the future Alpha Pro's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.86) |
Alpha Pro Tech Backtested Returns
Alpha Pro Tech secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Alpha Pro Tech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alpha Pro's Mean Deviation of 1.66, risk adjusted performance of (0.09), and Standard Deviation of 2.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alpha Pro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alpha Pro is expected to be smaller as well. At this point, Alpha Pro Tech has a negative expected return of -0.3%. Please make sure to confirm Alpha Pro's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Alpha Pro Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Alpha Pro Tech has below average predictability. Overlapping area represents the amount of predictability between Alpha Pro time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Pro Tech price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Alpha Pro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Alpha Pro Tech lagged returns against current returns
Autocorrelation, which is Alpha Pro 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 Pro's stock expected returns. We can calculate the autocorrelation of Alpha Pro returns to help us make a trade decision. For example, suppose you find that Alpha Pro 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 Pro 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 Pro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Pro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Pro stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Pro Lagged Returns
When evaluating Alpha Pro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Pro stock have on its future price. Alpha Pro 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 Pro autocorrelation shows the relationship between Alpha Pro stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Pro Tech.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alpha Stock Analysis
When running Alpha Pro's price analysis, check to measure Alpha Pro'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 Alpha Pro is operating at the current time. Most of Alpha Pro's value examination focuses on studying past and present price action to predict the probability of Alpha Pro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alpha Pro's price. Additionally, you may evaluate how the addition of Alpha Pro to your portfolios can decrease your overall portfolio volatility.