Alliance Global Net Income vs. Market Capitalization
| AGI Stock | 9.00 0.19 2.07% |
For Alliance Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alliance Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alliance Global Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alliance Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alliance Global Group over time as well as its relative position and ranking within its peers.
Alliance |
Alliance Global Group Market Capitalization vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Alliance Global's current stock value. Our valuation model uses many indicators to compare Alliance Global value to that of its competitors to determine the firm's financial worth. Alliance Global Group is rated fourth in net income category among its peers. It also is rated fourth in market capitalization category among its peers creating about 2.13 of Market Capitalization per Net Income. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Alliance Global's earnings, one of the primary drivers of an investment's value.Alliance Market Capitalization vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Alliance Global |
| = | 28.08 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Alliance Global |
| = | 59.7 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Alliance Market Capitalization vs Competition
Alliance Global Group is rated fourth in market capitalization category among its peers. Market capitalization of Industrial Conglomerates industry is presently estimated at about 1.62 Trillion. Alliance Global holds roughly 59.7 Billion in market capitalization claiming about 4% of equities under Industrial Conglomerates industry.
Alliance Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Alliance Global. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Alliance Global position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Alliance Global's important profitability drivers and their relationship over time.
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Use Alliance Global in pair-trading
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 Alliance Global 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 Alliance Global will appreciate offsetting losses from the drop in the long position's value.Alliance Global Pair Trading
Alliance Global Group Pair Trading Analysis
The ability to find closely correlated positions to Alliance Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alliance Global 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 Alliance Global - 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 Alliance Global Group to buy it.
The correlation of Alliance Global 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 Alliance Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alliance Global Group 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 Alliance Global 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.Use Investing Themes to Complement your Alliance Global position
In addition to having Alliance Global in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Pharmaceutical Products Thematic Idea Now
Pharmaceutical Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Pharmaceutical Products theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Pharmaceutical Products Theme or any other thematic opportunities.
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Other Information on Investing in Alliance Stock
To fully project Alliance Global's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alliance Global Group at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alliance Global's income statement, its balance sheet, and the statement of cash flows.