Sinem McDonald - Alta Equipment Director Reporting
| ALTG Stock | USD 8.85 0.35 4.12% |
Insider
Sinem McDonald is Director Reporting of Alta Equipment Group
| Phone | 248 449 6700 |
| Web | https://www.altg.com |
Alta Equipment Management Efficiency
The company has return on total asset (ROA) of 0.0176 % which means that it generated a profit of $0.0176 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0291) %, meaning that it created substantial loss on money invested by shareholders. Alta Equipment's management efficiency ratios could be used to measure how well Alta Equipment manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | -0.0291 | ||||
| Return On Asset | 0.0176 |
Alta Equipment Group Leadership Team
Elected by the shareholders, the Alta Equipment's board of directors comprises two types of representatives: Alta Equipment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alta. The board's role is to monitor Alta Equipment's management team and ensure that shareholders' interests are well served. Alta Equipment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alta Equipment's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Shribman, Director | ||
| Andrew Studdert, Independent Director | ||
| Jeff Hoover, Chief Counsel | ||
| Ryan Greenawalt, Chairman of the Board, Chief Executive Officer | ||
| Sinem McDonald, Director Reporting | ||
| Craig Brubaker, Chief Officer | ||
| Andrew Rundle, Director Finance | ||
| Zachary Savas, Independent Director | ||
| Alan Hammersley, President NITCO | ||
| Jason Dammeyer, Director Accounting | ||
| Paul Ivankovics, Vice Resources | ||
| Robert Chiles, President Division | ||
| Katherine White, Independent Director | ||
| Anthony Colucci, Chief Financial Officer | ||
| Bob Kohler, President Group |
Alta Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Alta Equipment a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.0291 | ||||
| Return On Asset | 0.0176 | ||||
| Profit Margin | (0) % | ||||
| Operating Margin | (0) % | ||||
| Current Valuation | 1.49 B | ||||
| Shares Outstanding | 33.15 M | ||||
| Shares Owned By Insiders | 21.08 % | ||||
| Shares Owned By Institutions | 65.39 % | ||||
| Number Of Shares Shorted | 1.61 M | ||||
| Price To Earning | 211.67 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alta Equipment in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alta Equipment's short interest history, or implied volatility extrapolated from Alta Equipment options trading.
Pair Trading with Alta Equipment
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 Alta Equipment 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 Alta Equipment will appreciate offsetting losses from the drop in the long position's value.Moving against Alta Stock
| 0.55 | WLFC | Willis Lease Finance | PairCorr |
The ability to find closely correlated positions to Alta Equipment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alta Equipment 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 Alta Equipment - 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 Alta Equipment Group to buy it.
The correlation of Alta Equipment 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 Alta Equipment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alta Equipment 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 Alta Equipment 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alta Equipment Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Alta Stock analysis
When running Alta Equipment's price analysis, check to measure Alta Equipment'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 Alta Equipment is operating at the current time. Most of Alta Equipment's value examination focuses on studying past and present price action to predict the probability of Alta Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alta Equipment's price. Additionally, you may evaluate how the addition of Alta Equipment to your portfolios can decrease your overall portfolio volatility.
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Is Alta Equipment'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 Alta Equipment. 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 Equipment 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 Equipment 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 Equipment's value that differs from its market value or its book value, called intrinsic value, which is Alta Equipment'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 Equipment's market value can be influenced by many factors that don't directly affect Alta Equipment'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 Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alta Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alta Equipment'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.