Alamo Correlations

ALG
 Stock
  

USD 145.97  0.75  0.51%   

The correlation of Alamo is a statistical measure of how it moves in relation to other equities. 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 Alamo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alamo Group 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.
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The ability to find closely correlated positions to Alamo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alamo 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 Alamo - 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 Alamo Group to buy it.

Moving together with Alamo

+0.87DEDeere CompanyPairCorr
+0.85CATCaterpillarPairCorr
+0.71VLVLYVolvo Ab ADRPairCorr
+0.72VOLVFVolvo Ab ClPairCorr
+0.69VOLAFVolvo AbPairCorr
+0.85PCARPACCAR IncPairCorr
+0.77DTRUYDaimler Truck HldgPairCorr
+0.72EPOKYEpiroc Aktiebolag ADRPairCorr
+0.69DTGHFDaimler Truck HldgPairCorr
+0.82EPIAFEpiroc Aktiebolag SharePairCorr

Moving against Alamo

-0.87IMPHOImpac Mtg PfdPairCorr
-0.8AMCCFAmcor PlcPairCorr

Related Correlations

DE
CAT
PCAR
DTGHF
EPIAF
DE
0.950.950.90.94
DE
CAT
0.950.970.90.95
CAT
PCAR
0.950.970.90.95
PCAR
DTGHF
0.90.90.90.9
DTGHF
EPIAF
0.940.950.950.9
EPIAF
DE
CAT
PCAR
DTGHF
EPIAF
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PCARCAT
CATDE
PCARDE
EPIAFCAT
EPIAFPCAR
EPIAFDE
  

Alamo Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Alamo Stock performing well and Alamo company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Alamo's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alamo without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Alamo Corporate Directors

Alamo corporate directors refer to members of an Alamo board of directors. The board of directors generally takes responsibility for the Alamo's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Alamo's board members must vote for the resolution. The Alamo board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Helen Cornell - Independent DirectorProfile
Richard Parod - Independent DirectorProfile
David Grzelak - Independent DirectorProfile
Eric Etchart - Independent DirectorProfile

Invested in Alamo Group?

The danger of trading Alamo Group is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alamo is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alamo. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alamo Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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When running Alamo Group price analysis, check to measure Alamo'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 Alamo is operating at the current time. Most of Alamo's value examination focuses on studying past and present price action to predict the probability of Alamo's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alamo's price. Additionally, you may evaluate how the addition of Alamo to your portfolios can decrease your overall portfolio volatility.
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Is Alamo's industry 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 Alamo. If investors know Alamo 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 Alamo 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 YOY
0.47
Market Capitalization
1.8 B
Quarterly Revenue Growth YOY
0.09
Return On Assets
0.0657
Return On Equity
0.13
The market value of Alamo Group is measured differently than its book value, which is the value of Alamo that is recorded on the company's balance sheet. Investors also form their own opinion of Alamo's value that differs from its market value or its book value, called intrinsic value, which is Alamo'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 Alamo's market value can be influenced by many factors that don't directly affect Alamo'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 Alamo's value and its price as these two are different measures arrived at by different means. Investors typically determine Alamo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alamo'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.