Alpha Technology Group Stock Market Value
| ATGL Stock | 12.16 0.45 3.84% |
| Symbol | Alpha |
Alpha Technology Price To Book Ratio
Is IT Consulting & Other Services 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 Alpha Technology. If investors know Alpha 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 Alpha Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.08) | Revenue Per Share 0.448 | Quarterly Revenue Growth 0.087 | Return On Assets (0.10) | Return On Equity (0.25) |
The market value of Alpha Technology is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Technology's value that differs from its market value or its book value, called intrinsic value, which is Alpha Technology's 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 Alpha Technology's market value can be influenced by many factors that don't directly affect Alpha Technology's 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 Alpha Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Technology's 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.
Alpha Technology '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 Alpha Technology's 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 Alpha Technology.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Alpha Technology on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Alpha Technology Group or generate 0.0% return on investment in Alpha Technology over 30 days. Alpha Technology is related to or competes with Patterson UTI, Transocean, Delek Drilling, ICC Holdings, Nabors Industries, and NI Holdings. Alpha Technology is entity of United States More
Alpha Technology 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 Alpha Technology's 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 Alpha Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.37 | |||
| Information Ratio | 0.2025 | |||
| Maximum Drawdown | 83.4 | |||
| Value At Risk | (9.18) | |||
| Potential Upside | 49.31 |
Alpha Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Technology's standard deviation. In reality, there are many statistical measures that can use Alpha Technology historical prices to predict the future Alpha Technology's volatility.| Risk Adjusted Performance | 0.1664 | |||
| Jensen Alpha | 3.2 | |||
| Total Risk Alpha | 1.59 | |||
| Sortino Ratio | 0.5349 | |||
| Treynor Ratio | 1.0 |
Alpha Technology Backtested Returns
Alpha Technology is very risky given 3 months investment horizon. Alpha Technology secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 3.87% are justified by taking the suggested risk. Use Alpha Technology Mean Deviation of 11.24, risk adjusted performance of 0.1664, and Downside Deviation of 6.37 to evaluate company specific risk that cannot be diversified away. Alpha Technology holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.49, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alpha Technology will likely underperform. Use Alpha Technology sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Alpha Technology.
Auto-correlation | -0.02 |
Very weak reverse predictability
Alpha Technology Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Alpha Technology time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Alpha Technology price movement. The serial correlation of -0.02 indicates that only 2.0% of current Alpha Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
Alpha Technology lagged returns against current returns
Autocorrelation, which is Alpha Technology 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 Alpha Technology's stock expected returns. We can calculate the autocorrelation of Alpha Technology returns to help us make a trade decision. For example, suppose you find that Alpha Technology 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 |
Alpha Technology 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 Alpha Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Technology Lagged Returns
When evaluating Alpha Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Technology stock have on its future price. Alpha Technology 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, Alpha Technology autocorrelation shows the relationship between Alpha Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Technology Group.
Regressed Prices |
| Timeline |
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Alpha Technology 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.