Alamo Stock Market Value

ALG
 Stock
  

USD 147.64  0.92  0.63%   

Alamo's market value is the price at which a share of Alamo stock trades on a public exchange. It measures the collective expectations of Alamo Group investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Alamo Group and determine expected loss or profit from investing in Alamo over a given investment horizon. Please continue to Alamo Correlation, Alamo Volatility and Alamo Alpha and Beta module to complement your research on Alamo.
Symbol


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.

Alamo '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 Alamo'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 Alamo.
0.00
12/09/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/29/2022
0.00
If you would invest  0.00  in Alamo on December 9, 2020 and sell it all today you would earn a total of 0.00 from holding Alamo Group or generate 0.0% return on investment in Alamo over 720 days. Alamo is related to or competes with Deere, Caterpillar, PACCAR, Daimler Truck, and Epiroc Aktiebolag. Alamo Group Inc. designs, manufactures, distributes, and services vegetation management and infrastructure maintenance e... More

Alamo 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 Alamo'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 Alamo Group upside and downside potential and time the market with a certain degree of confidence.

Alamo Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alamo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alamo's standard deviation. In reality, there are many statistical measures that can use Alamo historical prices to predict the future Alamo's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Alamo's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Alamo in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
145.48147.36149.24
Details
Intrinsic
Valuation
LowReal ValueHigh
139.34141.22161.39
Details
Naive
Forecast
LowNext ValueHigh
150.63152.50154.38
Details
2 Analysts
Consensus
LowTarget PriceHigh
150.00168.00186.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alamo. Your research has to be compared to or analyzed against Alamo's peers to derive any actionable benefits. When done correctly, Alamo's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Alamo Group.

Alamo Group Backtested Returns

Alamo appears to be very steady, given 3 months investment horizon. Alamo Group secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had 0.11% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Alamo Group, which you can use to evaluate the future volatility of the firm. Please makes use of Alamo's mean deviation of 1.4, and Risk Adjusted Performance of 0.1041 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Alamo holds a performance score of 8. The firm shows a Beta (market volatility) of 0.7937, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Alamo's beta means in this case. As returns on the market increase, Alamo returns are expected to increase less than the market. However, during the bear market, the loss on holding Alamo will be expected to be smaller as well. Although it is important to respect Alamo Group historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Alamo Group technical indicators, you can presently evaluate if the expected return of 0.21% will be sustainable into the future. Please makes use of Alamo Group sortino ratio, semi variance, and the relationship between the information ratio and value at risk to make a quick decision on whether Alamo price patterns will revert.

Auto-correlation

    
  0.02  

Virtually no predictability

Alamo Group has virtually no predictability. Overlapping area represents the amount of predictability between Alamo time series from 9th of December 2020 to 4th of December 2021 and 4th of December 2021 to 29th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alamo Group price movement. The serial correlation of 0.02 indicates that only 2.0% of current Alamo price fluctuation can be explain by its past prices.
Correlation Coefficient0.02
Spearman Rank Test0.02
Residual Average0.0
Price Variance164.3

Alamo Group lagged returns against current returns

Autocorrelation, which is Alamo 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 Alamo's stock expected returns. We can calculate the autocorrelation of Alamo returns to help us make a trade decision. For example, suppose you find that Alamo stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Alamo 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 Alamo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alamo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alamo stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Alamo Lagged Returns

When evaluating Alamo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alamo stock have on its future price. Alamo 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, Alamo autocorrelation shows the relationship between Alamo stock current value and its past values and can show if there is a momentum factor associated with investing in Alamo Group.
   Regressed Prices   
Share
       Timeline  

Alamo Investors Sentiment

The influence of Alamo's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alamo. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Alamo's public news can be used to forecast risks associated with investment in Alamo. The trend in average sentiment can be used to explain how an investor holding Alamo can time the market purely based on public headlines and social activities around Alamo Group. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Alamo's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alamo's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alamo's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alamo.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alamo in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alamo's short interest history, or implied volatility extrapolated from Alamo options trading.

Pair Trading with Alamo

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 Alamo 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 Alamo will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alamo

+0.88APAApa Corp Potential GrowthPairCorr
+0.93AZOAutozone Earnings Call  This WeekPairCorr
+0.65GEOGeo Group Normal TradingPairCorr
+0.85JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
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.
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.
Correlation analysis and pair trading evaluation for Alamo 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.
Pair CorrelationCorrelation Matching
Please continue to Alamo Correlation, Alamo Volatility and Alamo Alpha and Beta module to complement your research on Alamo. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for analysis

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.
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Alamo 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.
A focus of Alamo technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alamo trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...