Alta Global Group Stock Price on June 5, 2024
| MMA Stock | 1.81 0.03 1.69% |
If you're considering investing in Alta Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alta Global stands at 1.81, as last reported on the 26th of November, with the highest price reaching 1.92 and the lowest price hitting 1.80 during the day. Alta Global Group secures Sharpe Ratio (or Efficiency) of -0.0802, which signifies that the company had a -0.0802% return per unit of risk over the last 3 months. Alta Global Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alta Global's Mean Deviation of 6.13, standard deviation of 8.14, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide.
At present, Alta Global's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 11.3 M, whereas Stock Based Compensation is forecasted to decline to about 3.1 M. . Alta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alta |
Sharpe Ratio = -0.0802
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| Negative Returns | MMA |
Estimated Market Risk
| 8.16 actual daily | 72 72% of assets are less volatile |
Expected Return
| -0.65 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Alta Global is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alta Global by adding Alta Global to a well-diversified portfolio.
Enterprise Value 44.4 M | Price Sales 34.342 | Market Capitalization 35.4 M | Enterprise Value Revenue 43.2542 |
Related Headline
Monster Beverage Headline on 5th of June 2024
Disposition of 24000 shares by Thomas Kelly of Monster Bever... by Thomas Kelly
Filed transaction by Monster Beverage Corp Officer: Chief Financial Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Alta Global Valuation on June 5, 2024
It is possible to determine the worth of Alta Global on a given historical date. On June 5, 2024 Alta was worth 3.81 at the beginning of the trading date compared to the closed value of 3.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alta Global stock. Still, in general, we apply an absolute valuation method to find Alta Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alta Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alta Global's related companies.
| Open | High | Low | Close | Volume | |
| 3.83 | 4.00 | 3.75 | 3.75 | 1,300 | |
06/05/2024 | 3.81 | 3.88 | 3.61 | 3.79 | 3,700 |
| 3.87 | 3.88 | 3.50 | 3.58 | 7,232 |
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Alta Global Trading Date Momentum on June 5, 2024
| On June 06 2024 Alta Global Group was traded for 3.58 at the closing time. Highest Alta Global's price during the trading hours was 3.88 and the lowest price during the day was 3.50 . The net volume was 7.2 K. The overall trading history on the 6th of June contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 5.54% . The overall trading delta to current price is 21.37% . |
Alta Global Group Fundamentals Correlations and Trends
By evaluating Alta Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alta Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alta Global Stock history
Alta Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alta Global Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alta Global stock prices may prove useful in developing a viable investing in Alta Global
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10.3 M | 11.3 M |
Alta Global Stock Technical Analysis
Alta Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Alta Global Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Alta Global Group cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alta Global November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Alta Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alta Global shares will generate the highest return on investment. By undertsting and applying Alta Global stock market strength indicators, traders can identify Alta Global Group entry and exit signals to maximize returns
Alta Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alta Global's price direction in advance. Along with the technical and fundamental analysis of Alta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alta to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.93) | |||
| Treynor Ratio | 0.6511 |
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| Volume Indicators |
Complementary Tools for Alta Stock analysis
When running Alta Global's price analysis, check to measure Alta Global'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 Global is operating at the current time. Most of Alta Global's value examination focuses on studying past and present price action to predict the probability of Alta Global'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 Global's price. Additionally, you may evaluate how the addition of Alta Global to your portfolios can decrease your overall portfolio volatility.
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