Alexanders Stock Market Value
| ALX Stock | USD 214.85 0.00 0.00% |
| Symbol | Alexanders |
Alexanders Price To Book Ratio
Is Alexanders' 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 Alexanders. If investors know Alexanders 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 Alexanders 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 0.235 | Dividend Share 18 | Earnings Share 19.96 | Revenue Per Share 43.858 | Quarterly Revenue Growth 0.186 |
The market value of Alexanders is measured differently than its book value, which is the value of Alexanders that is recorded on the company's balance sheet. Investors also form their own opinion of Alexanders' value that differs from its market value or its book value, called intrinsic value, which is Alexanders' 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 Alexanders' market value can be influenced by many factors that don't directly affect Alexanders' 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 Alexanders' value and its price as these two are different measures arrived at by different means. Investors typically determine if Alexanders is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alexanders' 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.
Alexanders '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 Alexanders' 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 Alexanders.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Alexanders on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Alexanders or generate 0.0% return on investment in Alexanders over 90 days. Alexanders is related to or competes with Getty Realty, and Site Centers. Alexanders, Inc. is a real estate investment trust which has seven properties in the greater New York City metropolitan ... More
Alexanders 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 Alexanders' 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 Alexanders upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.53 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.47 |
Alexanders Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alexanders' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alexanders' standard deviation. In reality, there are many statistical measures that can use Alexanders historical prices to predict the future Alexanders' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alexanders' 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.
Alexanders Backtested Returns
Alexanders secures Sharpe Ratio (or Efficiency) of -0.0383, which signifies that the company had a -0.0383% return per unit of standard deviation over the last 3 months. Alexanders exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alexanders' risk adjusted performance of (0), and Mean Deviation of 1.3 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.49, 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, Alexanders will likely underperform. Alexanders has an expected return of -0.0635%. Please make sure to confirm Alexanders jensen alpha, as well as the relationship between the skewness and day typical price , to decide if Alexanders performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Alexanders has very weak reverse predictability. Overlapping area represents the amount of predictability between Alexanders time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Alexanders price movement. The serial correlation of -0.03 indicates that only 3.0% of current Alexanders price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 19.68 |
Alexanders lagged returns against current returns
Autocorrelation, which is Alexanders 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 Alexanders' stock expected returns. We can calculate the autocorrelation of Alexanders returns to help us make a trade decision. For example, suppose you find that Alexanders 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 |
Alexanders 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 Alexanders stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alexanders stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alexanders stock over time.
Current vs Lagged Prices |
| Timeline |
Alexanders Lagged Returns
When evaluating Alexanders' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alexanders stock have on its future price. Alexanders 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, Alexanders autocorrelation shows the relationship between Alexanders stock current value and its past values and can show if there is a momentum factor associated with investing in Alexanders.
Regressed Prices |
| Timeline |
Pair Trading with Alexanders
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 Alexanders 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 Alexanders will appreciate offsetting losses from the drop in the long position's value.Moving against Alexanders Stock
| 0.45 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.42 | AHT-PI | Ashford Hospitality Trust | PairCorr |
The ability to find closely correlated positions to Alexanders could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alexanders 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 Alexanders - 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 Alexanders to buy it.
The correlation of Alexanders 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 Alexanders moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alexanders 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 Alexanders 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 Alexanders Correlation, Alexanders Volatility and Alexanders Alpha and Beta module to complement your research on Alexanders. For more information on how to buy Alexanders Stock please use our How to Invest in Alexanders guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Alexanders Stock analysis
When running Alexanders' price analysis, check to measure Alexanders' 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 Alexanders is operating at the current time. Most of Alexanders' value examination focuses on studying past and present price action to predict the probability of Alexanders' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alexanders' price. Additionally, you may evaluate how the addition of Alexanders to your portfolios can decrease your overall portfolio volatility.
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Alexanders 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.