Allegro Microsystems Stock Market Value
| ALGM Stock | USD 24.84 1.13 4.77% |
| Symbol | Allegro |
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegro Microsystems. If investors know Allegro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegro Microsystems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Allegro Microsystems is measured differently than its book value, which is the value of Allegro that is recorded on the company's balance sheet. Investors also form their own opinion of Allegro Microsystems' value that differs from its market value or its book value, called intrinsic value, which is Allegro Microsystems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegro Microsystems' market value can be influenced by many factors that don't directly affect Allegro Microsystems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegro Microsystems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegro Microsystems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegro Microsystems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Allegro Microsystems 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Allegro Microsystems' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Allegro Microsystems.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Allegro Microsystems on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Allegro Microsystems or generate 0.0% return on investment in Allegro Microsystems over 30 days. Allegro Microsystems is related to or competes with Synaptics Incorporated, Microchip Technology, Qorvo, Monolithic Power, Lattice Semiconductor, ON Semiconductor, and NXP Semiconductors. Allegro MicroSystems, Inc. designs, develops, manufactures, and markets sensor integrated circuits and application-speci... More
Allegro Microsystems Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Allegro Microsystems' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Allegro Microsystems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.1235 | |||
| Maximum Drawdown | 13.48 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.77 |
Allegro Microsystems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allegro Microsystems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allegro Microsystems' standard deviation. In reality, there are many statistical measures that can use Allegro Microsystems historical prices to predict the future Allegro Microsystems' volatility.| Risk Adjusted Performance | 0.1187 | |||
| Jensen Alpha | 0.3771 | |||
| Total Risk Alpha | 0.3221 | |||
| Sortino Ratio | 0.1173 | |||
| Treynor Ratio | 0.4773 |
Allegro Microsystems Backtested Returns
Allegro Microsystems appears to be not too volatile, given 3 months investment horizon. Allegro Microsystems secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Allegro Microsystems, which you can use to evaluate the volatility of the firm. Please makes use of Allegro Microsystems' Downside Deviation of 3.18, mean deviation of 2.45, and Risk Adjusted Performance of 0.1187 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allegro Microsystems holds a performance score of 10. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allegro Microsystems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Allegro Microsystems is expected to be smaller as well. Please check Allegro Microsystems' total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Allegro Microsystems' price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Allegro Microsystems has below average predictability. Overlapping area represents the amount of predictability between Allegro Microsystems time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Allegro Microsystems price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Allegro Microsystems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Allegro Microsystems lagged returns against current returns
Autocorrelation, which is Allegro Microsystems stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Allegro Microsystems' stock expected returns. We can calculate the autocorrelation of Allegro Microsystems returns to help us make a trade decision. For example, suppose you find that Allegro Microsystems has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Allegro Microsystems regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Allegro Microsystems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allegro Microsystems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allegro Microsystems stock over time.
Current vs Lagged Prices |
| Timeline |
Allegro Microsystems Lagged Returns
When evaluating Allegro Microsystems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allegro Microsystems stock have on its future price. Allegro Microsystems autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Allegro Microsystems autocorrelation shows the relationship between Allegro Microsystems stock current value and its past values and can show if there is a momentum factor associated with investing in Allegro Microsystems.
Regressed Prices |
| Timeline |
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Allegro Microsystems 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.