Alector Stock Alpha and Beta Analysis
ALEC Stock | USD 5.08 0.18 3.42% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Alector. It also helps investors analyze the systematic and unsystematic risks associated with investing in Alector over a specified time horizon. Remember, high Alector's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Alector's market risk premium analysis include:
Beta 2.49 | Alpha (0.32) | Risk 3.87 | Sharpe Ratio (0.06) | Expected Return (0.22) |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Alector |
Alector Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Alector market risk premium is the additional return an investor will receive from holding Alector long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Alector. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Alector's performance over market.α | -0.32 | β | 2.49 |
Alector expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Alector's Buy-and-hold return. Our buy-and-hold chart shows how Alector performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Alector Market Price Analysis
Market price analysis indicators help investors to evaluate how Alector stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alector shares will generate the highest return on investment. By understating and applying Alector stock market price indicators, traders can identify Alector position entry and exit signals to maximize returns.
Alector Return and Market Media
The median price of Alector for the period between Thu, Feb 1, 2024 and Wed, May 1, 2024 is 6.05 with a coefficient of variation of 8.84. The daily time series for the period is distributed with a sample standard deviation of 0.54, arithmetic mean of 6.06, and mean deviation of 0.4. The Stock received substential amount of media coverage during this period. Price Growth (%) |
Timeline |
1 | Acquisition by Richard Scheller of 8541 shares of Alector subject to Rule 16b-3 | 02/14/2024 |
2 | Alector, Inc. Q4 2023 Earnings Call Transcript | 02/28/2024 |
3 | FY2024 EPS Estimates for Alector, Inc. Reduced by Analyst | 03/01/2024 |
4 | Disposition of 10169 shares by Kenkare-mitra Sara of Alector at 6.9217 subject to Rule 16b-3 | 03/04/2024 |
5 | AXQ Capital LP Invests 124,000 in Alector, Inc. | 03/07/2024 |
6 | Jacobs Levy Equity Management Inc. Raises Holdings in Alector, Inc. - Defense World | 03/14/2024 |
7 | Acquisition by Altmeyer Mark of 41250 shares of Alector subject to Rule 16b-3 | 03/21/2024 |
8 | Acquisition by Hammond Paula of 12360 shares of Alector at 7.71 subject to Rule 16b-3 | 04/08/2024 |
9 | Shareholders in Alector have lost 75, as stock drops 12 percent this past week | 04/17/2024 |
10 | Acquisition by Polaris Venture Management Co. Vi, L.l.c. of 98533 shares of Alector subject to Rule 16b-3 | 04/26/2024 |
About Alector Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Alector or other stocks. Alpha measures the amount that position in Alector has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
2022 | 2023 | 2024 (projected) | Graham Number | 9.73 | 7.49 | 5.74 | Receivables Turnover | 51.65 | 46.48 | 48.81 |
Alector Upcoming Company Events
As portrayed in its financial statements, the presentation of Alector's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Alector's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Alector's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Alector. Please utilize our Beneish M Score to check the likelihood of Alector's management manipulating its earnings.
27th of February 2024 Upcoming Quarterly Report | View | |
2nd of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
27th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Alector
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Alector Backtesting, Alector Valuation, Alector Correlation, Alector Hype Analysis, Alector Volatility, Alector History and analyze Alector Performance. For information on how to trade Alector Stock refer to our How to Trade Alector Stock guide.Note that the Alector information on this page should be used as a complementary analysis to other Alector's 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Alector Stock analysis
When running Alector's price analysis, check to measure Alector'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 Alector is operating at the current time. Most of Alector's value examination focuses on studying past and present price action to predict the probability of Alector's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alector's price. Additionally, you may evaluate how the addition of Alector to your portfolios can decrease your overall portfolio volatility.
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