Allego Inc Chance of Future Stock Price Finishing Under 1.9
| ALLGDelisted Stock | USD 1.91 0.01 0.53% |
Allego |
Allego Target Price Odds to finish below 1.9
The tendency of Allego Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 1.90 or more in 90 days |
| 1.91 | 90 days | 1.90 | about 40.41 |
Based on a normal probability distribution, the odds of Allego to drop to $ 1.90 or more in 90 days from now is about 40.41 (This Allego Inc probability density function shows the probability of Allego Stock to fall within a particular range of prices over 90 days) . Probability of Allego Inc price to stay between $ 1.90 and its current price of $1.91 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Allego has a beta of 0.38. This suggests as returns on the market go up, Allego average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Allego Inc will be expected to be much smaller as well. Moreover Allego Inc has an alpha of 1.1378, implying that it can generate a 1.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Allego Price Density |
| Price |
Predictive Modules for Allego
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Allego Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Allego Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Allego is not an exception. The market had few large corrections towards the Allego's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Allego Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Allego within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.14 | |
β | Beta against Dow Jones | 0.38 | |
σ | Overall volatility | 0.54 | |
Ir | Information ratio | 0.07 |
Allego Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Allego for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Allego Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Allego Inc is not yet fully synchronised with the market data | |
| Allego Inc had very high historical volatility over the last 90 days | |
| Allego Inc may become a speculative penny stock | |
| Allego Inc has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 145.45 M. Net Loss for the year was (109.78 M) with profit before overhead, payroll, taxes, and interest of 25.17 M. | |
| Allego Inc currently holds about 16.31 M in cash with (45.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Over 96.0% of the company shares are held by institutions such as insurance companies |
Allego Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Allego Stock often depends not only on the future outlook of the current and potential Allego's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Allego's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 268.2 M | |
| Cash And Short Term Investments | 46.4 M |
Allego Technical Analysis
Allego's future price can be derived by breaking down and analyzing its technical indicators over time. Allego Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Allego Inc. In general, you should focus on analyzing Allego Stock price patterns and their correlations with different microeconomic environments and drivers.
Allego Predictive Forecast Models
Allego's time-series forecasting models is one of many Allego's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Allego's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Allego Inc
Checking the ongoing alerts about Allego for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Allego Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Allego Inc is not yet fully synchronised with the market data | |
| Allego Inc had very high historical volatility over the last 90 days | |
| Allego Inc may become a speculative penny stock | |
| Allego Inc has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 145.45 M. Net Loss for the year was (109.78 M) with profit before overhead, payroll, taxes, and interest of 25.17 M. | |
| Allego Inc currently holds about 16.31 M in cash with (45.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Over 96.0% of the company shares are held by institutions such as insurance companies |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Other Consideration for investing in Allego Stock
If you are still planning to invest in Allego Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Allego's history and understand the potential risks before investing.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |