Alta Global Group Stock Market Value
| MMA Stock | 1.78 0.11 6.59% |
| Symbol | Alta |
Is Financial 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 Alta Global. If investors know Alta 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 Alta Global 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 Alta Global Group is measured differently than its book value, which is the value of Alta that is recorded on the company's balance sheet. Investors also form their own opinion of Alta Global's value that differs from its market value or its book value, called intrinsic value, which is Alta Global'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 Alta Global's market value can be influenced by many factors that don't directly affect Alta Global'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 Alta Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alta Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alta Global'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.
Alta Global '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 Alta Global'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 Alta Global.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alta Global on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alta Global Group or generate 0.0% return on investment in Alta Global over 30 days. Alta Global is related to or competes with Arrow Financial, Encore Capital, Compania Cervecerias, AmTrust Financial, Fomento Economico, LithiumBank Resources, and Monster Beverage. Alta Global is entity of United States. It is traded as Stock on NYSE MKT exchange. More
Alta Global 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 Alta Global'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 Alta Global Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 38.87 | |||
| Value At Risk | (12.61) | |||
| Potential Upside | 13.26 |
Alta Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alta Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alta Global's standard deviation. In reality, there are many statistical measures that can use Alta Global historical prices to predict the future Alta Global's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.93) | |||
| Treynor Ratio | 0.6511 |
Alta Global Group Backtested Returns
Alta Global Group secures Sharpe Ratio (or Efficiency) of -0.0834, which signifies that the company had a -0.0834% return per unit of risk over the last 3 months. Alta Global Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alta Global's Risk Adjusted Performance of (0.05), standard deviation of 8.14, and Mean Deviation of 6.13 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.02, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Alta Global are expected to decrease slowly. On the other hand, during market turmoil, Alta Global is expected to outperform it slightly. At this point, Alta Global Group has a negative expected return of -0.68%. Please make sure to confirm Alta Global's daily balance of power, and the relationship between the skewness and day typical price , to decide if Alta Global Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Alta Global Group has very weak predictability. Overlapping area represents the amount of predictability between Alta Global 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 Alta Global Group price movement. The serial correlation of 0.19 indicates that over 19.0% of current Alta Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Alta Global Group lagged returns against current returns
Autocorrelation, which is Alta Global 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 Alta Global's stock expected returns. We can calculate the autocorrelation of Alta Global returns to help us make a trade decision. For example, suppose you find that Alta Global 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 |
Alta Global 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 Alta Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alta Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alta Global stock over time.
Current vs Lagged Prices |
| Timeline |
Alta Global Lagged Returns
When evaluating Alta Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alta Global stock have on its future price. Alta Global 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, Alta Global autocorrelation shows the relationship between Alta Global stock current value and its past values and can show if there is a momentum factor associated with investing in Alta Global Group.
Regressed Prices |
| Timeline |
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 Alta Global Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alta Global's 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 Alta Global Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alta Global Group Stock:Check out Alta Global Correlation, Alta Global Volatility and Alta Global Alpha and Beta module to complement your research on Alta Global. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Alta Global 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.