Alphatec Holdings Correlations
| ATEC Stock | USD 12.51 0.68 5.16% |
The correlation of Alphatec Holdings 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 Alphatec Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alphatec Holdings 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.
Weak diversification
The correlation between Alphatec Holdings and NYA is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphatec Holdings and NYA in the same portfolio, assuming nothing else is changed.
Alphatec |
The ability to find closely correlated positions to Alphatec Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alphatec Holdings 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 Alphatec Holdings - 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 Alphatec Holdings to buy it.
Moving together with Alphatec Stock
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Moving against Alphatec Stock
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| 0.7 | GCTK | GlucoTrack | PairCorr |
| 0.58 | COO | Cooper Companies Financial Report 6th of June 2024 | PairCorr |
| 0.49 | VMD | Viemed Healthcare Downward Rally | PairCorr |
| 0.85 | HIMS | Hims Hers Health Financial Report 13th of May 2024 | PairCorr |
| 0.8 | TNDM | Tandem Diabetes Care Financial Report 1st of May 2024 | PairCorr |
| 0.77 | SNDA | Sonida Senior Living | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Alphatec Stock performing well and Alphatec Holdings Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alphatec Holdings' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Be your own money manager
Our tools can tell you how much better you can do entering a position in Alphatec Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Alphatec Holdings Corporate Directors
Alphatec Holdings corporate directors refer to members of an Alphatec Holdings board of directors. The board of directors generally takes responsibility for the Alphatec Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Alphatec Holdings' board members must vote for the resolution. The Alphatec Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Foster | Director | Profile | |
| David Mowry | Independent Director | Profile | |
| Karen McGinnis | Independent Director | Profile | |
| Rohit Desai | Independent Director | Profile |
Already Invested in Alphatec Holdings?
The danger of trading Alphatec Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alphatec Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alphatec Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alphatec Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Alphatec Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alphatec Holdings' 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 Alphatec Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alphatec Holdings Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alphatec Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Alphatec Stock refer to our How to Trade Alphatec Stock guide.Note that the Alphatec Holdings information on this page should be used as a complementary analysis to other Alphatec Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Alphatec Holdings' price analysis, check to measure Alphatec Holdings' 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 Alphatec Holdings is operating at the current time. Most of Alphatec Holdings' value examination focuses on studying past and present price action to predict the probability of Alphatec Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alphatec Holdings' price. Additionally, you may evaluate how the addition of Alphatec Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Alphatec Holdings' 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 Alphatec Holdings. If investors know Alphatec 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 Alphatec Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.54) | Revenue Per Share 3.978 | Quarterly Revenue Growth 0.302 | Return On Assets (0.14) | Return On Equity (4.12) |
The market value of Alphatec Holdings is measured differently than its book value, which is the value of Alphatec that is recorded on the company's balance sheet. Investors also form their own opinion of Alphatec Holdings' value that differs from its market value or its book value, called intrinsic value, which is Alphatec Holdings' 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 Alphatec Holdings' market value can be influenced by many factors that don't directly affect Alphatec Holdings' 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 Alphatec Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Alphatec Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alphatec Holdings' 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.