Alpha Pro Tech Stock Market Value
| APT Stock | USD 6.00 0.12 1.96% |
| Symbol | Alpha |
Alpha Pro Tech Price To Book Ratio
Is Alpha Pro's industry 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 Pro. 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 Pro 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 0.961 | Earnings Share 0.35 | Revenue Per Share 5.164 | Quarterly Revenue Growth 0.249 | Return On Assets 0.0387 |
The market value of Alpha Pro Tech 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 Pro's value that differs from its market value or its book value, called intrinsic value, which is Alpha Pro'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 Pro's market value can be influenced by many factors that don't directly affect Alpha Pro'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 Pro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Pro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Pro'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 Pro '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 Pro'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 Pro.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Alpha Pro on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Alpha Pro Tech or generate 0.0% return on investment in Alpha Pro over 30 days. Alpha Pro is related to or competes with Travis Perkins, Travis Perkins, Janus International, Interface, and Aspen Aerogels. Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protecti... More
Alpha Pro 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 Pro'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 Pro Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0661 | |||
| Maximum Drawdown | 14.58 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 5.83 |
Alpha Pro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Pro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Pro's standard deviation. In reality, there are many statistical measures that can use Alpha Pro historical prices to predict the future Alpha Pro's volatility.| Risk Adjusted Performance | 0.0629 | |||
| Jensen Alpha | 0.1795 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0735 | |||
| Treynor Ratio | 0.1941 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alpha Pro's 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.
Alpha Pro Tech Backtested Returns
Alpha Pro appears to be somewhat reliable, given 3 months investment horizon. Alpha Pro Tech secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alpha Pro Tech, which you can use to evaluate the volatility of the firm. Please makes use of Alpha Pro's Risk Adjusted Performance of 0.0629, downside deviation of 2.7, and Mean Deviation of 2.25 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alpha Pro holds a performance score of 8. The firm shows a Beta (market volatility) of 1.32, 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 Pro will likely underperform. Please check Alpha Pro's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Alpha Pro's price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Alpha Pro Tech has very weak reverse predictability. Overlapping area represents the amount of predictability between Alpha Pro time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Pro Tech price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Alpha Pro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Alpha Pro Tech lagged returns against current returns
Autocorrelation, which is Alpha Pro 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 Pro's stock expected returns. We can calculate the autocorrelation of Alpha Pro returns to help us make a trade decision. For example, suppose you find that Alpha Pro 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 Pro 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 Pro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Pro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Pro stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Pro Lagged Returns
When evaluating Alpha Pro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Pro stock have on its future price. Alpha Pro 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 Pro autocorrelation shows the relationship between Alpha Pro stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Pro Tech.
Regressed Prices |
| Timeline |
Pair Trading with Alpha Pro
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 Alpha Pro 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 Alpha Pro will appreciate offsetting losses from the drop in the long position's value.Moving together with Alpha Stock
| 0.93 | NX | Quanex Building Products Financial Report 6th of June 2024 | PairCorr |
| 0.82 | OC | Owens Corning Earnings Call This Week | PairCorr |
| 0.89 | TT | Trane Technologies plc Financial Report 1st of May 2024 | PairCorr |
| 0.72 | DOOR | Masonite International Financial Report 13th of May 2024 | PairCorr |
| 0.7 | VKSC | Viskase Companies | PairCorr |
Moving against Alpha Stock
| 0.56 | PPIH | Perma Pipe Internati Earnings Call This Week | PairCorr |
| 0.5 | ROCK | Gibraltar Industries Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Alpha Pro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha Pro 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 Alpha Pro - 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 Alpha Pro Tech to buy it.
The correlation of Alpha Pro 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 Alpha Pro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha Pro Tech 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 Alpha Pro 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 Alpha Pro Correlation, Alpha Pro Volatility and Alpha Pro Alpha and Beta module to complement your research on Alpha Pro. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Alpha Stock analysis
When running Alpha Pro's price analysis, check to measure Alpha Pro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alpha Pro is operating at the current time. Most of Alpha Pro's value examination focuses on studying past and present price action to predict the probability of Alpha Pro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alpha Pro's price. Additionally, you may evaluate how the addition of Alpha Pro to your portfolios can decrease your overall portfolio volatility.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Transaction History View history of all your transactions and understand their impact on performance |
Alpha Pro 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.