Alta Equipment Group Preferred Stock Performance
| ALTG-PA Preferred Stock | USD 25.38 0.07 0.28% |
Alta Equipment has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0917, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alta Equipment are expected to decrease at a much lower rate. During the bear market, Alta Equipment is likely to outperform the market. Alta Equipment Group right now shows a risk of 0.62%. Please confirm Alta Equipment Group total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Alta Equipment Group will be following its price patterns.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Alta Equipment Group are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Alta Equipment is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
| Begin Period Cash Flow | 2.3 M |
Alta |
Alta Equipment Relative Risk vs. Return Landscape
If you would invest 2,503 in Alta Equipment Group on November 2, 2024 and sell it today you would earn a total of 35.00 from holding Alta Equipment Group or generate 1.4% return on investment over 90 days. Alta Equipment Group is generating 0.025% of daily returns and assumes 0.6204% volatility on return distribution over the 90 days horizon. Simply put, 5% of preferred stocks are less volatile than Alta, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Alta Equipment Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alta Equipment's investment risk. Standard deviation is the most common way to measure market volatility of preferred stocks, such as Alta Equipment Group, and traders can use it to determine the average amount a Alta Equipment's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0404
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| Negative Returns | ALTG-PA |
Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Alta Equipment is performing at about 3% of its full potential. 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 Equipment by adding it to a well-diversified portfolio.
Alta Equipment Fundamentals Growth
Alta Preferred Stock prices reflect investors' perceptions of the future prospects and financial health of Alta Equipment, and Alta Equipment fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Alta Preferred Stock performance.
| Return On Equity | 0.0848 | ||||
| Return On Asset | 0.0251 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 1.88 B | ||||
| Revenue | 1.57 B | ||||
| EBITDA | 154.4 M | ||||
| Cash And Equivalents | 500 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 921.8 M | ||||
| Debt To Equity | 5.38 % | ||||
| Book Value Per Share | 4.27 X | ||||
| Cash Flow From Operations | 26 M | ||||
| Earnings Per Share | (0.61) X | ||||
| Total Asset | 1.29 B | ||||
| Retained Earnings | (74.2 M) | ||||
About Alta Equipment Performance
By analyzing Alta Equipment's fundamental ratios, stakeholders can gain valuable insights into Alta Equipment's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Alta Equipment has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Alta Equipment has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.Things to note about Alta Equipment Group performance evaluation
Checking the ongoing alerts about Alta Equipment for important developments is a great way to find new opportunities for your next move. Preferred Stock alerts and notifications screener for Alta Equipment Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Alta Equipment Group has high likelihood to experience some financial distress in the next 2 years |
- Analyzing Alta Equipment's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Alta Equipment's stock is overvalued or undervalued compared to its peers.
- Examining Alta Equipment's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Alta Equipment's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alta Equipment's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Alta Equipment's preferred stock. These opinions can provide insight into Alta Equipment's potential for growth and whether the stock is currently undervalued or overvalued.
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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