Allegheny Competitors
| ATI Stock | USD 133.57 4.90 3.81% |
Allegheny Technologies vs ITT Correlation
Average diversification
The correlation between Allegheny Technologies Incorpo and ITT is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allegheny Technologies Incorpo and ITT in the same portfolio, assuming nothing else is changed.
Moving together with Allegheny Stock
| 0.88 | B | Barrick Mining Symbol Change | PairCorr |
| 0.96 | AA | Alcoa Corp | PairCorr |
| 0.97 | AP | Ampco Pittsburgh | PairCorr |
| 0.85 | AU | AngloGold Ashanti plc | PairCorr |
| 0.87 | HL | Hecla Mining | PairCorr |
Moving against Allegheny Stock
The Allegheny Technologies' current Return On Tangible Assets is estimated to increase to 0.10. The Allegheny Technologies' current Return On Capital Employed is estimated to increase to 0.19. As of now, Allegheny Technologies' Other Assets are decreasing as compared to previous years. The Allegheny Technologies' current Net Tangible Assets is estimated to increase to about 1.1 B, while Total Assets are projected to decrease to under 4.7 B.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allegheny Technologies' 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.
Allegheny Technologies Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Allegheny Technologies 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 Allegheny 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 Allegheny Technologies does not affect the price movement of the other competitor.
Risk-Adjusted Indicators
There is a big difference between Allegheny Stock performing well and Allegheny Technologies 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 Allegheny Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CRS | 2.05 | 0.20 | 0.08 | 0.30 | 2.37 | 5.30 | 13.86 | |||
| MLI | 1.31 | 0.06 | 0.02 | 0.14 | 2.78 | 2.23 | 13.77 | |||
| GGG | 0.88 | 0.13 | 0.09 | 0.22 | 1.06 | 2.51 | 6.74 | |||
| LECO | 1.32 | 0.27 | 0.19 | 0.24 | 1.29 | 3.71 | 7.77 | |||
| RBC | 1.00 | 0.27 | 0.21 | 0.31 | 0.77 | 3.01 | 6.18 | |||
| NDSN | 0.87 | 0.28 | 0.28 | 0.37 | 0.53 | 2.48 | 4.63 | |||
| WSO | 1.41 | 0.13 | 0.12 | 0.17 | 1.18 | 4.09 | 7.55 | |||
| AVY | 0.92 | 0.09 | 0.06 | 0.20 | 0.94 | 2.57 | 6.45 | |||
| IEX | 1.01 | 0.28 | 0.29 | 0.39 | 0.53 | 2.68 | 6.54 | |||
| ITT | 1.18 | 0.11 | 0.05 | 0.22 | 1.48 | 2.39 | 7.90 |
Cross Equities Net Income Analysis
Compare Allegheny Technologies and related stocks such as Carpenter Technology, Mueller Industries, and Graco Inc Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CRS | 9.8 M | 121.2 M | 146.1 M | 132.8 M | 58.7 M | 11.3 M | 47 M | 188.5 M | 167 M | 1.5 M | (229.6 M) | (49.1 M) | 56.4 M | 186.5 M | 376 M | 432.4 M | 454 M |
| MLI | 56.7 M | 86.3 M | 82.4 M | 172.6 M | 101.6 M | 87.9 M | 99.7 M | 85.6 M | 104.5 M | 101 M | 139.5 M | 468.5 M | 658.3 M | 602.9 M | 604.9 M | 765.2 M | 803.5 M |
| GGG | 4 M | 142.3 M | 149.1 M | 210.8 M | 225.6 M | 345.7 M | 40.7 M | 252.4 M | 341.1 M | 343.9 M | 330.5 M | 439.9 M | 460.6 M | 506.5 M | 486.1 M | 521.8 M | 547.9 M |
| LECO | 48 M | 217.2 M | 257.4 M | 293.8 M | 254.7 M | 127.5 M | 198.4 M | 247.5 M | 287.1 M | 293.1 M | 206.1 M | 276.6 M | 472.2 M | 545.2 M | 466.1 M | 536 M | 562.8 M |
| RBC | 3.6 M | 50 M | 56.3 M | 60.2 M | 58.2 M | 63.9 M | 70.6 M | 87.1 M | 105.2 M | 120.3 M | 90.1 M | 54.7 M | 166.7 M | 209.9 M | 246.2 M | 283.1 M | 297.3 M |
| NDSN | 9.7 M | 224.8 M | 221.8 M | 246.8 M | 211.1 M | 271.8 M | 295.8 M | 377.4 M | 337.1 M | 249.5 M | 454.4 M | 513.1 M | 487.5 M | 467.3 M | 484.5 M | 557.1 M | 585 M |
| WSO | 1000 K | 90.5 M | 103.3 M | 127.7 M | 151.4 M | 172.9 M | 182.8 M | 208.2 M | 242.9 M | 245.9 M | 269.6 M | 418.9 M | 601.2 M | 536.3 M | 536.3 M | 616.7 M | 647.6 M |
| AVY | 48.3 M | 190.1 M | 215.4 M | 215.8 M | 248.9 M | 274.3 M | 320.7 M | 281.8 M | 467.4 M | 303.6 M | 555.9 M | 740.1 M | 757.1 M | 503 M | 704.9 M | 688 M | 722.4 M |
| IEX | 10.7 M | 193.9 M | 37.6 M | 255.2 M | 279.4 M | 282.8 M | 271.1 M | 337.3 M | 410.6 M | 425.5 M | 377.8 M | 449.4 M | 586.9 M | 596.1 M | 505 M | 483.2 M | 507.4 M |
| ITT | 1 B | (130 M) | 125.4 M | 488.5 M | 184.5 M | 351.8 M | 186.1 M | 113.5 M | 333.7 M | 325.1 M | 72.5 M | 316.3 M | 367 M | 410.5 M | 518.3 M | 488 M | 340.1 M |
Allegheny Technologies and related stocks such as Carpenter Technology, Mueller Industries, and Graco Inc Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Allegheny Technologies financial statement analysis. It represents the amount of money remaining after all of Allegheny Technologies Incorporated operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Allegheny Technologies Competitive Analysis
The better you understand Allegheny Technologies competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Allegheny Technologies' 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 Allegheny Technologies' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Allegheny Technologies Competition Performance Charts
Five steps to successful analysis of Allegheny Technologies Competition
Allegheny Technologies' 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 Allegheny Technologies in relation to its competition. Allegheny Technologies' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Allegheny Technologies 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 Allegheny Technologies' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Allegheny Technologies, 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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Check out Allegheny Technologies Correlation with its peers. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is there potential for Metals & Mining market expansion? Will Allegheny introduce new products? Factors like these will boost the valuation of Allegheny Technologies. If investors know Allegheny will grow in the future, the company's valuation will be higher. Understanding fair value requires weighing current performance against future potential. All the valuation information about Allegheny Technologies 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 (0.27) | Earnings Share 2.85 | Revenue Per Share | Quarterly Revenue Growth 0.004 | Return On Assets |
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' true underlying value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Because Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Allegheny Technologies' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Allegheny Technologies represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Allegheny Technologies' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.