Alpha Return On Equity from 2010 to 2024
| ALSAR Stock | USD 0.11 0.01 8.33% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.05321098 | Current Value 0.0559 | Quarterly Volatility 0.01926546 |
Check Alpha Star financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alpha Star's main balance sheet or income statement drivers, such as , as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 1.14. Alpha financial statements analysis is a perfect complement when working with Alpha Star Valuation or Volatility modules.
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Latest Alpha Star's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Alpha Star Acquisition over the last few years. Return on Equity is the amount of Alpha Star Acquisition net income returned as a percentage of Alpha Star equity. Return on equity measures Alpha Star profitability by revealing how much profit Alpha Star Acquisition generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Alpha Star's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Alpha Star's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.0 | 10 Years Trend |
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Return On Equity |
| Timeline |
Alpha Return On Equity Regression Statistics
| Arithmetic Mean | 0.01 | |
| Geometric Mean | 0 | |
| Coefficient Of Variation | 264.67 | |
| Mean Deviation | 0.01 | |
| Median | (0.0005) | |
| Standard Deviation | 0.02 | |
| Sample Variance | 0.0004 | |
| Range | 0.0564 | |
| R-Value | 0.62 | |
| Mean Square Error | 0.0002 | |
| R-Squared | 0.38 | |
| Significance | 0.01 | |
| Slope | 0 | |
| Total Sum of Squares | 0.01 |
Alpha Return On Equity History
About Alpha Star Financial Statements
Alpha Star shareholders use historical fundamental indicators, such as Return On Equity, to determine how well the company is positioned to perform in the future. Although Alpha Star investors may analyze each financial statement separately, they are all interrelated. The changes in Alpha Star's assets and liabilities, for example, are also reflected in the revenues and expenses on on Alpha Star's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.05 | 0.06 |
Pair Trading with Alpha Star
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 Alpha Star 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 Alpha Star will appreciate offsetting losses from the drop in the long position's value.Moving against Alpha Stock
| 0.53 | AC | Associated Capital | PairCorr |
| 0.52 | DB | Deutsche Bank AG Normal Trading | PairCorr |
| 0.49 | TW | Tradeweb Markets | PairCorr |
| 0.46 | LU | Lufax Holding | PairCorr |
| 0.4 | AB | AllianceBernstein | PairCorr |
The ability to find closely correlated positions to Alpha Star could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha Star 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 Alpha Star - 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 Alpha Star Acquisition to buy it.
The correlation of Alpha Star is a statistical measure of how it moves in relation to other instruments. 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 Alpha Star moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha Star Acquisition 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 Alpha Star 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.Additional Tools for Alpha Stock Analysis
When running Alpha Star's price analysis, check to measure Alpha Star'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 Alpha Star is operating at the current time. Most of Alpha Star's value examination focuses on studying past and present price action to predict the probability of Alpha Star's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alpha Star's price. Additionally, you may evaluate how the addition of Alpha Star to your portfolios can decrease your overall portfolio volatility.