Allego Stock Market Value

ALLG
 Stock
  

USD 3.31  0.18  5.75%   

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


Is Allego US'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 Allego US. If investors know Allego 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 Allego US listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
837.4 M
Quarterly Revenue Growth YOY
1.05
Return On Assets
(0.77) 
Return On Equity
(211.32) 
The market value of Allego US is measured differently than its book value, which is the value of Allego that is recorded on the company's balance sheet. Investors also form their own opinion of Allego US's value that differs from its market value or its book value, called intrinsic value, which is Allego US'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 Allego US's market value can be influenced by many factors that don't directly affect Allego US'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 Allego US's value and its price as these two are different measures arrived at by different means. Investors typically determine Allego US value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allego US'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.

Allego US '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 Allego US'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 Allego US.
0.00
11/02/2022
No Change 0.00  0.0 
In 31 days
12/02/2022
0.00
If you would invest  0.00  in Allego US on November 2, 2022 and sell it all today you would earn a total of 0.00 from holding Allego US or generate 0.0% return on investment in Allego US over 30 days. Allego US is related to or competes with PT Astra, Etsy, FT Cboe, and VANGUARD SMALL-CAP. Allego N.V. operates as an electric vehicle charging company More

Allego US 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 Allego US'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 Allego US upside and downside potential and time the market with a certain degree of confidence.

Allego US Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Allego US's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allego US's standard deviation. In reality, there are many statistical measures that can use Allego US historical prices to predict the future Allego US's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Allego US'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 Allego US in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.163.1411.25
Details
Intrinsic
Valuation
LowReal ValueHigh
0.153.0911.20
Details
Naive
Forecast
LowNext ValueHigh
0.073.2611.36
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.463.294.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allego US. Your research has to be compared to or analyzed against Allego US's peers to derive any actionable benefits. When done correctly, Allego US'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 Allego US.

Allego US Backtested Returns

We consider Allego US dangerous. Allego US secures Sharpe Ratio (or Efficiency) of 0.0027, which signifies that the company had 0.0027% of return per unit of risk over the last 3 months. Our standpoint towards 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 Allego US, which you can use to evaluate the future volatility of the firm. Please confirm Allego US risk adjusted performance of 0.0054, and Mean Deviation of 5.41 to double-check if the risk estimate we provide is consistent with the expected return of 0.0216%.
The firm shows a Beta (market volatility) of 1.2715, which signifies a somewhat significant risk relative to the market. Let's try to break down what Allego's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Allego US will likely underperform. Although it is important to respect Allego US historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards 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 Allego US technical indicators, you can presently evaluate if the expected return of 0.0216% will be sustainable into the future. Allego US right now shows a risk of 8.01%. Please confirm Allego US total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power to decide if Allego US will be following its price patterns.

Auto-correlation

    
  -0.53  

Good reverse predictability

Allego US has good reverse predictability. Overlapping area represents the amount of predictability between Allego US time series from 2nd of November 2022 to 17th of November 2022 and 17th of November 2022 to 2nd of December 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 Allego US price movement. The serial correlation of -0.53 indicates that about 53.0% of current Allego US price fluctuation can be explain by its past prices.
Correlation Coefficient-0.53
Spearman Rank Test-0.24
Residual Average0.0
Price Variance0.12

Allego US lagged returns against current returns

Autocorrelation, which is Allego US 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 Allego US's stock expected returns. We can calculate the autocorrelation of Allego US returns to help us make a trade decision. For example, suppose you find that Allego US 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   
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       Timeline  

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

Allego US Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Allego US 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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Pair Trading with Allego US

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

Moving against Allego US

-0.63JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to Allego US could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allego US 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 Allego US - 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 Allego US to buy it.
The correlation of Allego US 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 Allego US moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allego US 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 Allego US 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 Allego US Correlation, Allego US Volatility and Allego US Alpha and Beta module to complement your research on Allego US. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running Allego US price analysis, check to measure Allego US'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 Allego US is operating at the current time. Most of Allego US's value examination focuses on studying past and present price action to predict the probability of Allego US's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Allego US's price. Additionally, you may evaluate how the addition of Allego US to your portfolios can decrease your overall portfolio volatility.
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Allego US 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 Allego US technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allego US 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...