Alto Ingredients Stock Market Value
| ALTO Stock | USD 1.40 0.02 1.41% |
| Symbol | Alto |
Alto Ingredients Price To Book Ratio
Is Oil & Gas Refining & Marketing 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 Alto Ingredients. If investors know Alto 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 Alto Ingredients listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.66) | Earnings Share (0.51) | Revenue Per Share 13.684 | Quarterly Revenue Growth (0.21) | Return On Assets (0.03) |
The market value of Alto Ingredients is measured differently than its book value, which is the value of Alto that is recorded on the company's balance sheet. Investors also form their own opinion of Alto Ingredients' value that differs from its market value or its book value, called intrinsic value, which is Alto Ingredients' 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 Alto Ingredients' market value can be influenced by many factors that don't directly affect Alto Ingredients' 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 Alto Ingredients' value and its price as these two are different measures arrived at by different means. Investors typically determine if Alto Ingredients is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alto Ingredients' 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.
Alto Ingredients '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 Alto Ingredients' 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 Alto Ingredients.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alto Ingredients on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alto Ingredients or generate 0.0% return on investment in Alto Ingredients over 30 days. Alto Ingredients is related to or competes with REX American, Axalta Coating, Avantor, FutureFuel Corp, Sociedad Quimica, Albemarle Corp, and Linde Plc. Alto Ingredients, Inc. produces and markets specialty alcohols and essential ingredients in the United States More
Alto Ingredients 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 Alto Ingredients' 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 Alto Ingredients upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.72 | |||
| Information Ratio | 0.0148 | |||
| Maximum Drawdown | 47.0 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 6.79 |
Alto Ingredients Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alto Ingredients' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alto Ingredients' standard deviation. In reality, there are many statistical measures that can use Alto Ingredients historical prices to predict the future Alto Ingredients' volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | 0.1358 | |||
| Total Risk Alpha | (0.68) | |||
| Sortino Ratio | 0.0108 | |||
| Treynor Ratio | 0.362 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alto Ingredients' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alto Ingredients Backtested Returns
Alto Ingredients appears to be very risky, given 3 months investment horizon. Alto Ingredients secures Sharpe Ratio (or Efficiency) of 0.0389, which signifies that the company had a 0.0389% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alto Ingredients, which you can use to evaluate the volatility of the firm. Please makes use of Alto Ingredients' Mean Deviation of 2.77, risk adjusted performance of 0.0378, and Downside Deviation of 7.72 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alto Ingredients holds a performance score of 3. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alto Ingredients' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alto Ingredients is expected to be smaller as well. Please check Alto Ingredients' value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Alto Ingredients' price patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
Alto Ingredients has modest reverse predictability. Overlapping area represents the amount of predictability between Alto Ingredients time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alto Ingredients price movement. The serial correlation of -0.49 indicates that about 49.0% of current Alto Ingredients price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alto Ingredients lagged returns against current returns
Autocorrelation, which is Alto Ingredients 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 Alto Ingredients' stock expected returns. We can calculate the autocorrelation of Alto Ingredients returns to help us make a trade decision. For example, suppose you find that Alto Ingredients 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 |
| Timeline |
Alto Ingredients 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 Alto Ingredients stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alto Ingredients stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alto Ingredients stock over time.
Current vs Lagged Prices |
| Timeline |
Alto Ingredients Lagged Returns
When evaluating Alto Ingredients' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alto Ingredients stock have on its future price. Alto Ingredients 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, Alto Ingredients autocorrelation shows the relationship between Alto Ingredients stock current value and its past values and can show if there is a momentum factor associated with investing in Alto Ingredients.
Regressed Prices |
| Timeline |
Pair Trading with Alto Ingredients
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alto Ingredients position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alto Ingredients will appreciate offsetting losses from the drop in the long position's value.Moving against Alto Stock
| 0.59 | KOP | Koppers Holdings | PairCorr |
| 0.52 | OEC | Orion Engineered Carbons | PairCorr |
| 0.51 | NEU | NewMarket | PairCorr |
| 0.39 | ECVT | Ecovyst | PairCorr |
| 0.36 | CMT | Core Molding Technologies | PairCorr |
The ability to find closely correlated positions to Alto Ingredients could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alto Ingredients when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alto Ingredients - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alto Ingredients to buy it.
The correlation of Alto Ingredients is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alto Ingredients moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alto Ingredients moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alto Ingredients can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Alto Ingredients Correlation, Alto Ingredients Volatility and Alto Ingredients Alpha and Beta module to complement your research on Alto Ingredients. To learn how to invest in Alto Stock, please use our How to Invest in Alto Ingredients guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Alto Ingredients 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.