Alta Equipment Financials
ALTG-PA Preferred Stock | USD 25.47 0.25 0.97% |
Alta |
Understanding current and past Alta Equipment Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Alta Equipment's financial statements are interrelated, with each one affecting the others. For example, an increase in Alta Equipment's assets may result in an increase in income on the income statement.
Please note, the presentation of Alta Equipment's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Alta Equipment's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Alta Equipment's management manipulating its earnings.
Alta Equipment Preferred Stock Summary
Alta Equipment competes with Triton International, Babcock Wilcox, Triton International, and Triton International. Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan. Alta Equipment operates under Rental Leasing Services classification in the United States and is traded on NYQ Exchange. It employs 2250 people.Specialization | Industrials, Rental & Leasing Services |
Instrument | USA Preferred Stock View All |
Exchange | New York Stock Exchange |
CUSIP | 02128L205 |
Location | Michigan; U.S.A |
Business Address | 13211 Merriman Road, |
Sector | Machinery |
Industry | Industrials |
Benchmark | Dow Jones Industrial |
Website | www.altaequipment.com |
Phone | 248 449 6700 |
Currency | USD - US Dollar |
Alta Equipment Key Financial Ratios
Alta Equipment's financial ratios allow both analysts and investors to convert raw data from Alta Equipment's financial statements into concise, actionable information that can be used to evaluate the performance of Alta Equipment over time and compare it to other companies across industries.Return On Equity | 0.0848 | ||||
Return On Asset | 0.0251 | ||||
Number Of Shares Shorted | 227 | ||||
Beta | 1.57 | ||||
Z Score | 1.71 |
Alta Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alta Equipment's current stock value. Our valuation model uses many indicators to compare Alta Equipment value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alta Equipment competition to find correlations between indicators driving Alta Equipment's intrinsic value. More Info.Alta Equipment Group is number one stock in return on equity category among its peers. It is rated fourth in return on asset category among its peers reporting about 0.30 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Alta Equipment Group is roughly 3.38 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Alta Equipment by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Alta Equipment's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Alta Equipment Group Systematic Risk
Alta Equipment's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alta Equipment volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Alta Equipment Group correlated with the market. If Beta is less than 0 Alta Equipment generally moves in the opposite direction as compared to the market. If Alta Equipment Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alta Equipment Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alta Equipment is generally in the same direction as the market. If Beta > 1 Alta Equipment moves generally in the same direction as, but more than the movement of the benchmark.
Alta Equipment November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alta Equipment help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alta Equipment Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alta Equipment Group based on widely used predictive technical indicators. In general, we focus on analyzing Alta Preferred Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alta Equipment's daily price indicators and compare them against related drivers.
Downside Deviation | 0.4534 | |||
Information Ratio | (0.21) | |||
Maximum Drawdown | 1.99 | |||
Value At Risk | (0.78) | |||
Potential Upside | 0.7649 |
Complementary Tools for Alta Preferred Stock analysis
When running Alta Equipment's price analysis, check to measure Alta Equipment'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 Alta Equipment is operating at the current time. Most of Alta Equipment's value examination focuses on studying past and present price action to predict the probability of Alta Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alta Equipment's price. Additionally, you may evaluate how the addition of Alta Equipment to your portfolios can decrease your overall portfolio volatility.
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