Alta Competitors
| ALTG Stock | USD 6.61 0.33 4.76% |
Alta Equipment vs Energy Services Correlation
Weak diversification
The correlation between Alta Equipment Group and ESOA is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alta Equipment Group and ESOA in the same portfolio, assuming nothing else is changed.
Moving together with Alta Stock
| 0.8 | AL | Air Lease Sell-off Trend | PairCorr |
| 0.75 | DSGR | Distribution Solutions | PairCorr |
| 0.94 | WLFC | Willis Lease Finance | PairCorr |
| 0.9 | FTAI | FTAI Aviation Earnings Call This Week | PairCorr |
Moving against Alta Stock
The Alta Equipment's current Return On Capital Employed is estimated to increase to 0.02, while Return On Tangible Assets are forecasted to increase to (0.05). At this time, Alta Equipment's Net Tangible Assets are most likely to increase significantly in the upcoming years. The Alta Equipment's current Non Currrent Assets Other is estimated to increase to about 22 M, while Total Assets are projected to decrease to roughly 891.2 M.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alta Equipment'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.
Alta Equipment Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alta Equipment and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Alta and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Alta Equipment Group does not affect the price movement of the other competitor.
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Alta Stock performing well and Alta Equipment Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alta Equipment's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POWW | 2.47 | 0.18 | 0.07 | 0.22 | 2.82 | 6.17 | 14.96 | |||
| NVX | 3.92 | (0.53) | 0.00 | (0.08) | 0.00 | 7.92 | 33.61 | |||
| SMHI | 2.76 | 0.13 | 0.04 | 0.23 | 3.00 | 6.07 | 16.95 | |||
| SKYX | 4.76 | 0.45 | 0.14 | 0.27 | 4.03 | 11.11 | 33.38 | |||
| FCEL | 4.61 | (0.08) | 0.00 | 0.06 | 5.69 | 11.76 | 35.51 | |||
| PAMT | 3.00 | 0.15 | 0.06 | 0.18 | 3.18 | 7.34 | 17.24 | |||
| SHMD | 6.32 | 1.03 | 0.18 | 0.39 | 6.45 | 16.73 | 40.89 | |||
| CRGO | 3.42 | (0.97) | 0.00 | (0.26) | 0.00 | 7.47 | 34.36 | |||
| SPCE | 3.74 | (0.54) | 0.00 | (0.20) | 0.00 | 6.72 | 27.80 | |||
| ESOA | 2.52 | 0.37 | 0.16 | 0.35 | 2.16 | 4.67 | 11.34 |
Cross Equities Net Income Analysis
Compare Alta Equipment Group and related stocks such as Ammo Inc, Novonix Ltd ADR, and SEACOR Marine Holdings Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| POWW | 270 K | (26.2 K) | (31.3 K) | (22.6 K) | (21.9 K) | (20 K) | (333 K) | (5.1 M) | (11.7 M) | (14.6 M) | (7.8 M) | 25.9 M | (8.8 M) | (16.6 M) | (130.8 M) | (117.8 M) | (111.9 M) |
| NVX | (51.9 M) | (51.9 M) | (51.9 M) | (51.9 M) | (3.9 K) | (1.2 M) | (6.1 M) | (10.3 M) | (26.1 M) | (20 M) | (18.1 M) | (51.9 M) | (38.1 M) | (46.2 M) | (74.8 M) | (67.3 M) | (64 M) |
| SMHI | 49.7 M | 49.7 M | 49.7 M | 49.7 M | 48.1 M | (27.2 M) | (132 M) | (32.9 M) | (77.6 M) | (92.8 M) | (78.9 M) | 33.1 M | (71.7 M) | (9.3 M) | (78.1 M) | (70.3 M) | (66.8 M) |
| SKYX | (844.6 K) | (844.6 K) | (844.6 K) | (2.6 M) | (6.8 M) | (26.9 M) | (98.4 M) | (26.7 M) | (16.8 M) | (16.8 M) | (9.2 M) | (5.7 M) | (27.1 M) | (39.7 M) | (35.8 M) | (32.2 M) | (33.8 M) |
| FCEL | 100 K | (35.5 M) | (34.4 M) | (38.1 M) | (29.4 M) | (51 M) | (53.9 M) | (47.3 M) | (77.6 M) | (89.1 M) | (101 M) | (147.2 M) | (107.6 M) | (126 M) | (187.9 M) | (169.1 M) | (160.7 M) |
| PAMT | 1.5 M | (2.9 M) | 2.2 M | 5.9 M | 13.5 M | 21.4 M | 11.1 M | 38.9 M | 24 M | 7.9 M | 17.8 M | 76.5 M | 90.7 M | 18.4 M | (31.8 M) | (36.6 M) | (34.7 M) |
| SHMD | (24.5 M) | (24.5 M) | (24.5 M) | (24.5 M) | (24.5 M) | (24.5 M) | (24.5 M) | (24.5 M) | (24.5 M) | (24.5 M) | (24.5 M) | (24.5 M) | 1.6 M | 36.9 M | 36.9 M | 42.4 M | 44.5 M |
| CRGO | (14.2 M) | (14.2 M) | (14.2 M) | (14.2 M) | (14.2 M) | (14.2 M) | (14.2 M) | (14.2 M) | (14.2 M) | (14.2 M) | (14.2 M) | (16.4 M) | (24.7 M) | (65.5 M) | (22.5 M) | (20.2 M) | (21.3 M) |
| SPCE | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 11 M | (210.9 M) | (644.9 M) | (352.9 M) | (500.2 M) | (502.3 M) | (346.7 M) | (312.1 M) | (327.7 M) |
| ESOA | 87.4 K | (48.5 M) | 3.6 M | 3.6 M | 2.1 M | 3.2 M | (387.8 K) | 2.5 M | 2 M | 2.4 M | 9.1 M | 3.8 M | 7.4 M | 25.1 M | 379.7 K | 436.7 K | 836.7 K |
Alta Equipment Group and related stocks such as Ammo Inc, Novonix Ltd ADR, and SEACOR Marine Holdings Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Alta Equipment Group financial statement analysis. It represents the amount of money remaining after all of Alta Equipment Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Alta Equipment Competitive Analysis
The better you understand Alta Equipment competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alta Equipment's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Alta Equipment's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Alta Equipment Competition Performance Charts
Five steps to successful analysis of Alta Equipment Competition
Alta Equipment's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Alta Equipment Group in relation to its competition. Alta Equipment's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Alta Equipment in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Alta Equipment's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alta Equipment Group, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Can Trading Companies & Distributors industry sustain growth momentum? Does Alta have expansion opportunities? Factors like these will boost the valuation of Alta Equipment. If investors know Alta will grow in the future, the company's valuation will be higher. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Alta Equipment demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth 0.454 | Dividend Share 0.114 | Earnings Share (2.50) | Revenue Per Share | Quarterly Revenue Growth (0.06) |
The market value of Alta Equipment Group is measured differently than its book value, which is the value of Alta that is recorded on the company's balance sheet. Investors also form their own opinion of Alta Equipment's value that differs from its market value or its book value, called intrinsic value, which is Alta Equipment's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Alta Equipment's market value can be influenced by many factors that don't directly affect Alta Equipment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Alta Equipment's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Alta Equipment represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Alta Equipment's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.