Alpha Competitors
| ATGL Stock | 19.49 0.51 2.55% |
Alpha Technology vs ReposiTrak Correlation
Very good diversification
The correlation between Alpha Technology Group and TRAK is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Technology Group and TRAK in the same portfolio, assuming nothing else is changed.
Moving against Alpha Stock
| 0.51 | CD | Chaince Digital Holdings Symbol Change | PairCorr |
| 0.51 | CN6 | BII Railway Transpor | PairCorr |
| 0.48 | ETHZ | ETHZilla Symbol Change | PairCorr |
| 0.46 | CCR | Credit Clear | PairCorr |
| 0.44 | MASK | 3 E Network | PairCorr |
Alpha Technology Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alpha Technology 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 Alpha 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 Alpha Technology does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alpha Stock performing well and Alpha Technology 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 Alpha Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PAYS | 1.95 | (0.60) | 0.00 | (0.37) | 0.00 | 4.16 | 14.90 | |||
| KLTR | 3.46 | (0.17) | 0.00 | (0.06) | 0.00 | 8.16 | 32.77 | |||
| DGXX | 5.65 | (1.26) | 0.00 | 15.39 | 0.00 | 11.18 | 46.52 | |||
| SMRT | 2.36 | 0.34 | 0.13 | 0.72 | 2.10 | 5.75 | 21.69 | |||
| EGHT | 3.50 | 0.73 | 0.22 | 0.37 | 2.80 | 5.70 | 34.75 | |||
| AZ | 3.73 | (0.32) | 0.00 | (0.09) | 0.00 | 7.60 | 25.03 | |||
| PDYN | 5.09 | (0.38) | 0.00 | (0.09) | 0.00 | 13.72 | 34.34 | |||
| ALTS | 5.92 | (0.53) | 0.00 | (0.18) | 0.00 | 12.42 | 49.03 | |||
| TCX | 2.52 | 0.12 | 0.04 | 0.16 | 2.78 | 5.31 | 16.41 | |||
| TRAK | 1.72 | (0.62) | 0.00 | (0.49) | 0.00 | 2.57 | 9.90 |
Cross Equities Net Income Analysis
Compare Alpha Technology and related stocks such as Paysign, Kaltura, and Digi Power X Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAYS | (8.3 K) | 215.3 K | 1.8 M | 611.7 K | 2.6 M | (2.4 M) | 1.4 M | 1.8 M | 2.6 M | 7.5 M | (9.1 M) | (2.7 M) | 1 M | 6.5 M | 3.8 M | 4.4 M | 4.6 M |
| KLTR | (15.6 M) | (15.6 M) | (15.6 M) | (15.6 M) | (15.6 M) | (15.6 M) | (15.6 M) | (15.6 M) | (15.6 M) | (15.6 M) | (58.8 M) | (59.4 M) | (68.5 M) | (46.4 M) | (31.3 M) | (28.2 M) | (29.6 M) |
| DGXX | (2.7 K) | (2.7 K) | (2.7 K) | (2.7 K) | (2.7 K) | (2.7 K) | (2.7 K) | (2.7 K) | (28.9 M) | (270 K) | (5.2 M) | (3.1 M) | 4.3 M | 4.3 M | (6.8 M) | (7.8 M) | (8.2 M) |
| SMRT | 401 K | 401 K | 401 K | 401 K | 401 K | 401 K | 401 K | (24.3 M) | (6.2 M) | (33.5 M) | (37.1 M) | (72 M) | (96.3 M) | (34.6 M) | (33.6 M) | (30.3 M) | (31.8 M) |
| EGHT | (13.6 M) | 69.2 M | 13.9 M | 2.5 M | 1.9 M | (5.1 M) | (4.8 M) | (104.5 M) | (88.7 M) | (172.4 M) | (165.6 M) | (175.4 M) | (67.6 M) | (67.6 M) | (27.2 M) | (24.5 M) | (25.7 M) |
| AZ | (321 K) | (321 K) | (321 K) | (321 K) | (321 K) | (321 K) | (321 K) | (321 K) | (103.9 K) | (2.9 M) | (6 M) | (39.2 M) | (16.6 M) | (16.1 M) | (17 M) | (15.3 M) | (16.1 M) |
| PDYN | (18 M) | (18 M) | (18 M) | (18 M) | (18 M) | (18 M) | (18 M) | (18 M) | (18 M) | (18 M) | (20.9 M) | (81.5 M) | (157.1 M) | (115.6 M) | (72.6 M) | (65.4 M) | (68.6 M) |
| TCX | (13.8 M) | 6.2 M | 4.4 M | 4.2 M | 6.4 M | 11.4 M | 16.1 M | 22.3 M | 17.1 M | 15.4 M | 5.8 M | 3.4 M | (27.6 M) | (96.2 M) | (109.9 M) | (98.9 M) | (93.9 M) |
| TRAK | (249.6 K) | (858.7 K) | (654.1 K) | (3.1 M) | (6.6 M) | 666.5 K | 3.8 M | 3.4 M | 3.9 M | 1.6 M | 4.1 M | 4 M | 5.6 M | 6 M | 7 M | 8 M | 8.4 M |
Alpha Technology and related stocks such as Paysign, Kaltura, and Digi Power X Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Alpha Technology financial statement analysis. It represents the amount of money remaining after all of Alpha Technology Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Alpha Technology Competitive Analysis
The better you understand Alpha Technology competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alpha Technology'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 Alpha Technology'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 |
Alpha Technology Competition Performance Charts
Five steps to successful analysis of Alpha Technology Competition
Alpha Technology'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 Alpha Technology in relation to its competition. Alpha Technology's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Alpha Technology 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 Alpha Technology's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alpha Technology, 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.
Complement your Alpha Technology position
In addition to having Alpha Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Books Thematic Idea Now
Books
Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Books Theme or any other thematic opportunities.
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Check out Alpha Technology Correlation with its peers. You can also try the 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.
Is IT Consulting & Other Services space 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 Alpha Technology. If investors know Alpha 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. Comprehensive Alpha Technology assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Earnings Share (0.53) | Revenue Per Share | Quarterly Revenue Growth (0.31) | Return On Assets | Return On Equity |
Investors evaluate Alpha Technology using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Alpha Technology's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Alpha Technology's market price to deviate significantly from intrinsic value.
Understanding that Alpha Technology's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Alpha Technology represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, Alpha Technology's market price signifies the transaction level at which participants voluntarily complete trades.