ALR Technologies Announces Second Generation GluCurve Pet ... - GlobeNewswire
| ALRTF Stock | 0.01 0 11.76% |
Roughly 56% of all ALR Technologies' stockholders are looking to take a long position. The analysis of current outlook of investing in ALR Technologies suggests that some traders are interested regarding ALR Technologies' prospects. The current market sentiment, together with ALR Technologies' historical and current headlines, can help investors time the market. In addition, many technical investors use ALR Technologies stock news signals to limit their universe of possible portfolio assets.
ALR Technologies otc stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of ALR daily returns and investor perception about the current price of ALR Technologies as well as its diversification or hedging effects on your existing portfolios.
ALR |
ALR Technologies Announces Second Generation GluCurve Pet ... GlobeNewswire
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ALR Technologies Fundamental Analysis
We analyze ALR Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ALR Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ALR Technologies based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
ALR Technologies is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
ALR Technologies Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ALR Technologies otc stock to make a market-neutral strategy. Peer analysis of ALR Technologies could also be used in its relative valuation, which is a method of valuing ALR Technologies by comparing valuation metrics with similar companies.
Peers
ALR Technologies Related Equities
| FNA | Paragon 28 | 3.20 | ||||
| ANIK | Anika Therapeutics | 3.02 | ||||
| KIDS | Orthopediatrics Corp | 2.32 | ||||
| OFIX | Orthofix Medical | 2.09 | ||||
| SGHT | Sight Sciences | 2.05 | ||||
| AORT | Artivion | 1.62 | ||||
| CNMD | CONMED | 1.20 | ||||
| GKOS | Glaukos Corp | 0.67 | ||||
| AVNS | Avanos Medical | 0.10 | ||||
| LIVN | LivaNova PLC | 0.04 |
Complementary Tools for ALR OTC Stock analysis
When running ALR Technologies' price analysis, check to measure ALR Technologies' 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 ALR Technologies is operating at the current time. Most of ALR Technologies' value examination focuses on studying past and present price action to predict the probability of ALR Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALR Technologies' price. Additionally, you may evaluate how the addition of ALR Technologies to your portfolios can decrease your overall portfolio volatility.
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