Alliance Resource Partners Stock Market Value
| ARLP Stock | USD 28.23 0.27 0.97% |
| Symbol | Alliance |
Alliance Resource Price To Book Ratio
Is Oil, Gas & Consumable Fuels 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 Alliance Resource. If investors know Alliance 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 Alliance Resource 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 (0.44) | Dividend Share 2.8 | Earnings Share 3.52 | Revenue Per Share 19.448 | Quarterly Revenue Growth (0.04) |
The market value of Alliance Resource is measured differently than its book value, which is the value of Alliance that is recorded on the company's balance sheet. Investors also form their own opinion of Alliance Resource's value that differs from its market value or its book value, called intrinsic value, which is Alliance Resource'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 Alliance Resource's market value can be influenced by many factors that don't directly affect Alliance Resource'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 Alliance Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliance Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliance Resource'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.
Alliance Resource '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 Alliance Resource'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 Alliance Resource.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alliance Resource on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alliance Resource Partners or generate 0.0% return on investment in Alliance Resource over 30 days. Alliance Resource is related to or competes with Peabody Energy, Natural Resource, Hallador Energy, NACCO Industries, Consol Energy, Indo Tambangraya, and Adaro Energy. Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utiliti... More
Alliance Resource 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 Alliance Resource'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 Alliance Resource Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.1257 | |||
| Maximum Drawdown | 7.48 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 2.38 |
Alliance Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliance Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliance Resource's standard deviation. In reality, there are many statistical measures that can use Alliance Resource historical prices to predict the future Alliance Resource's volatility.| Risk Adjusted Performance | 0.1823 | |||
| Jensen Alpha | 0.2377 | |||
| Total Risk Alpha | 0.0748 | |||
| Sortino Ratio | 0.1211 | |||
| Treynor Ratio | 0.7223 |
Alliance Resource Backtested Returns
Alliance Resource appears to be very steady, given 3 months investment horizon. Alliance Resource secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alliance Resource Partners, which you can use to evaluate the volatility of the firm. Please makes use of Alliance Resource's Downside Deviation of 1.33, risk adjusted performance of 0.1823, and Mean Deviation of 0.8889 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alliance Resource holds a performance score of 22. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alliance Resource's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alliance Resource is expected to be smaller as well. Please check Alliance Resource's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Alliance Resource's price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
Alliance Resource Partners has modest predictability. Overlapping area represents the amount of predictability between Alliance Resource time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Alliance Resource price movement. The serial correlation of 0.51 indicates that about 51.0% of current Alliance Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Alliance Resource lagged returns against current returns
Autocorrelation, which is Alliance Resource 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 Alliance Resource's stock expected returns. We can calculate the autocorrelation of Alliance Resource returns to help us make a trade decision. For example, suppose you find that Alliance Resource 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 |
Alliance Resource 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 Alliance Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliance Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliance Resource stock over time.
Current vs Lagged Prices |
| Timeline |
Alliance Resource Lagged Returns
When evaluating Alliance Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliance Resource stock have on its future price. Alliance Resource 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, Alliance Resource autocorrelation shows the relationship between Alliance Resource stock current value and its past values and can show if there is a momentum factor associated with investing in Alliance Resource Partners.
Regressed Prices |
| Timeline |
Pair Trading with Alliance Resource
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alliance Resource position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alliance Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Alliance Stock
| 0.87 | NC | NACCO Industries | PairCorr |
| 0.71 | BTU | Peabody Energy Corp | PairCorr |
| 0.89 | NRP | Natural Resource Partners | PairCorr |
| 0.9 | HNRG | Hallador Energy | PairCorr |
Moving against Alliance Stock
| 0.72 | BP | BP PLC ADR | PairCorr |
| 0.71 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.67 | DINO | HF Sinclair Corp | PairCorr |
| 0.66 | E | Eni SpA ADR | PairCorr |
| 0.43 | TK | Teekay | PairCorr |
The ability to find closely correlated positions to Alliance Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alliance Resource when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alliance Resource - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alliance Resource Partners to buy it.
The correlation of Alliance Resource is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alliance Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alliance Resource moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alliance Resource can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Alliance Stock Analysis
When running Alliance Resource's price analysis, check to measure Alliance Resource'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 Alliance Resource is operating at the current time. Most of Alliance Resource's value examination focuses on studying past and present price action to predict the probability of Alliance Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alliance Resource's price. Additionally, you may evaluate how the addition of Alliance Resource to your portfolios can decrease your overall portfolio volatility.