Alta Equipment Group Stock Alpha and Beta Analysis
| ALTG Stock | USD 5.40 0.47 8.01% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Alta Equipment Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Alta Equipment over a specified time horizon. Remember, high Alta Equipment's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Alta Equipment's market risk premium analysis include:
Beta 1.98 | Alpha (0.32) | Risk 3.4 | Sharpe Ratio (0.17) | Expected Return (0.59) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Alta Equipment Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Alta Equipment market risk premium is the additional return an investor will receive from holding Alta Equipment long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Alta Equipment. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Alta Equipment's performance over market.| α | -0.32 | β | 1.98 |
Alta Equipment expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Alta Equipment's Buy-and-hold return. Our buy-and-hold chart shows how Alta Equipment performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Alta Equipment Market Price Analysis
Market price analysis indicators help investors to evaluate how Alta Equipment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alta Equipment shares will generate the highest return on investment. By understating and applying Alta Equipment stock market price indicators, traders can identify Alta Equipment position entry and exit signals to maximize returns.
Alta Equipment Return and Market Media
The median price of Alta Equipment for the period between Thu, Nov 28, 2024 and Wed, Feb 26, 2025 is 7.23 with a coefficient of variation of 7.61. The daily time series for the period is distributed with a sample standard deviation of 0.54, arithmetic mean of 7.13, and mean deviation of 0.43. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Alta Equipment dividend paid on 29th of November 2024 | 11/29/2024 |
1 | Specialty Equipment Distributors Stocks Q3 Results Benchmarking SiteOne | 12/05/2024 |
2 | Acquisition by Zachary Savas of 5000 shares of Alta Equipment at 14.1782 subject to Rule 16b-3 | 12/06/2024 |
3 | Disposition of 350 shares by Mill Road Capital Iii, L.p. of Alta Equipment at 10.0 subject to Rule 16b-3 | 12/16/2024 |
4 | Disposition of tradable shares by Mill Road Capital Iii, L.p. of Alta Equipment at 10.0 subject to Rule 16b-3 | 12/17/2024 |
5 | Disposition of 206 shares by Mill Road Capital Iii, L.p. of Alta Equipment at 10.0 subject to Rule 16b-3 | 12/19/2024 |
6 | Is Billion Dollar Hedge Fund Voss Capital Crazy About Alta Equipment Group | 12/24/2024 |
7 | Shareholders May Not Overlook Alta Equipment Group Insiders Selling US681k In Stock | 01/16/2025 |
8 | Disposition of 237 shares by Mill Road Capital Iii, L.p. of Alta Equipment at 10.0 subject to Rule 16b-3 | 01/17/2025 |
9 | 3 Reasons to Sell ALTG and 1 Stock to Buy Instead | 01/21/2025 |
10 | Acquisition by Zachary Savas of 5000 shares of Alta Equipment at 14.25 subject to Rule 16b-3 | 02/06/2025 |
11 | Acquisition by Daniel Shribman of 6814 shares of Alta Equipment subject to Rule 16b-3 | 02/11/2025 |
12 | Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2024 Financial Results Release, Conference Call and Webcast | 02/21/2025 |
About Alta Equipment Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Alta or other stocks. Alpha measures the amount that position in Alta Equipment Group has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2022 | 2023 | 2024 | 2025 (projected) | Dividend Yield | 0.0158 | 0.0264 | 0.0238 | 0.0127 | Price To Sales Ratio | 0.27 | 0.21 | 0.25 | 0.35 |
Alta Equipment Upcoming Company Events
As portrayed in its financial statements, the presentation of Alta Equipment's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Alta Equipment's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Alta Equipment's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Alta Equipment. Please utilize our Beneish M Score to check the likelihood of Alta Equipment's management manipulating its earnings.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Alta Equipment Backtesting, Alta Equipment Valuation, Alta Equipment Correlation, Alta Equipment Hype Analysis, Alta Equipment Volatility, Alta Equipment History and analyze Alta Equipment Performance. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.