Alphatec Holdings Stock Market Value
| ATEC Stock | USD 9.62 0.44 4.37% |
| Symbol | Alphatec |
Alphatec Holdings Price To Book Ratio
Is Health Care Equipment & Supplies 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 Alphatec Holdings. If investors know Alphatec 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 Alphatec Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.26) | Revenue Per Share 4.083 | Quarterly Revenue Growth 0.274 | Return On Assets (0.12) | Return On Equity (211.37) |
The market value of Alphatec Holdings is measured differently than its book value, which is the value of Alphatec that is recorded on the company's balance sheet. Investors also form their own opinion of Alphatec Holdings' value that differs from its market value or its book value, called intrinsic value, which is Alphatec Holdings' 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 Alphatec Holdings' market value can be influenced by many factors that don't directly affect Alphatec Holdings' 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 Alphatec Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Alphatec Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alphatec Holdings' 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.
Alphatec Holdings '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 Alphatec Holdings' 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 Alphatec Holdings.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alphatec Holdings on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alphatec Holdings or generate 0.0% return on investment in Alphatec Holdings over 30 days. Alphatec Holdings is related to or competes with Globus Medical, Orthofix Medical, CONMED, LivaNova PLC, Orthopediatrics Corp, Integer Holdings, and Treace Medical. Alphatec Holdings, Inc., a medical technology company, designs, develops, and advances technologies for the surgical tre... More
Alphatec Holdings 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 Alphatec Holdings' 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 Alphatec Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | 0.1445 | |||
| Maximum Drawdown | 45.41 | |||
| Value At Risk | (5.73) | |||
| Potential Upside | 8.49 |
Alphatec Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphatec Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphatec Holdings' standard deviation. In reality, there are many statistical measures that can use Alphatec Holdings historical prices to predict the future Alphatec Holdings' volatility.| Risk Adjusted Performance | 0.1356 | |||
| Jensen Alpha | 1.0 | |||
| Total Risk Alpha | 0.0395 | |||
| Sortino Ratio | 0.229 | |||
| Treynor Ratio | 4.52 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alphatec Holdings' 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.
Alphatec Holdings Backtested Returns
Alphatec Holdings appears to be slightly risky, given 3 months investment horizon. Alphatec Holdings 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. By analyzing Alphatec Holdings' technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please makes use of Alphatec Holdings' Risk Adjusted Performance of 0.1356, downside deviation of 3.96, and Mean Deviation of 3.59 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alphatec Holdings holds a performance score of 10. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alphatec Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alphatec Holdings is expected to be smaller as well. Please check Alphatec Holdings' downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Alphatec Holdings' price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Alphatec Holdings has poor predictability. Overlapping area represents the amount of predictability between Alphatec Holdings 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 Alphatec Holdings price movement. The serial correlation of 0.25 indicates that over 25.0% of current Alphatec Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Alphatec Holdings lagged returns against current returns
Autocorrelation, which is Alphatec Holdings 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 Alphatec Holdings' stock expected returns. We can calculate the autocorrelation of Alphatec Holdings returns to help us make a trade decision. For example, suppose you find that Alphatec Holdings 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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Alphatec Holdings 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 Alphatec Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphatec Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphatec Holdings stock over time.
Current vs Lagged Prices |
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Alphatec Holdings Lagged Returns
When evaluating Alphatec Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphatec Holdings stock have on its future price. Alphatec Holdings 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, Alphatec Holdings autocorrelation shows the relationship between Alphatec Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Alphatec Holdings.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Alphatec Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alphatec Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alphatec Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alphatec Holdings Stock:Check out Alphatec Holdings Correlation, Alphatec Holdings Volatility and Alphatec Holdings Alpha and Beta module to complement your research on Alphatec Holdings. For information on how to trade Alphatec Stock refer to our How to Trade Alphatec Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Alphatec Holdings 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.