Alliance Historical Valuation
| ARLP Stock | USD 27.96 0.21 0.75% |
Some fundamental drivers such as market cap or Alliance Resource enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Alliance Resource valuation indicators such as Working Capital of 0.0 or Enterprise Value of 1.6 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Alliance Resource's future value.
Alliance |
About Alliance Valuation Data Analysis
Valuation is the financial process of determining what Alliance Resource is worth. Alliance Resource valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Alliance Resource valuation ratios help investors to determine whether Alliance 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 Alliance with respect to the benefits of owning Alliance Resource security.
Alliance Resource Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as Alliance Resource theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Alliance Resource debt, but would also pocket its cash. Enterprise Value is more accurate representation of Alliance Resource value than its market capitalization because it takes into account all of Alliance Resource Partners existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.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
| 0.86 | NC | NACCO Industries | PairCorr |
| 0.79 | BTU | Peabody Energy Corp | PairCorr |
| 0.87 | NRP | Natural Resource Partners | PairCorr |
| 0.91 | HNRG | Hallador Energy | PairCorr |
Moving against Alliance Stock
| 0.71 | BP | BP PLC ADR | PairCorr |
| 0.7 | EC | Ecopetrol SA ADR | PairCorr |
| 0.66 | DINO | HF Sinclair Corp | PairCorr |
| 0.61 | E | Eni SpA ADR | PairCorr |
| 0.32 | DK | Delek Energy | 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.