Alleghany Story

Y -- USA Stock  

Quarterly Earning Report: November 5, 2019  

Macroaxis News
By Ellen Johnson
Today article will break down Alleghany. I will look into why we are still optimistic in anticipation of a recovery. Alleghany follows market closely. The returns on investing in Alleghany and the market returns of the last few months appear uncorrelated. The appearance of strong basic indicators of the company suggests short term price swing for investors of the company. What is Alleghany Target Price Odds to finish over Current Price? Based on normal probability distribution, the odds of Alleghany to move above current price in 30 days from now is about 29.58%. The Alleghany Corporation probability density function shows the probability of Alleghany Stock to fall within a particular range of prices over 30 days . Taking into account the 30 trading days horizon, Alleghany Corporation has beta of -0.0307 . This means as returns on benchmark increase, returns on holding Alleghany are expected to decrease at a much smaller rate. During bear market, however, Alleghany Corporation is likely to outperform the market. Additionally, the company has an alpha of 0.1726 implying that it can potentially generate 0.1726% excess return over Russell 2000 after adjusting for the inherited market risk (beta).
Will Alleghany go out of hand in October

Alleghany average rating is Buy from 3 analysts. As of 14 of September Alleghany shows Downside Deviation of 1.32, Risk Adjusted Performance of 0.1594 and Mean Deviation of 0.9299. In respect to Fundamental Indicators, Macroaxis technical analysis interface gives you tools to check existing technical drivers of Alleghany as well as the relationship between them. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Alleghany Corporation which can be compared to its rivals. Please confirm Alleghany Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to decide if Alleghany is priced correctly providing market reflects its regular price of 771.57 per share. Given that Alleghany has Jensen Alpha of 0.1726, we suggest you validate Alleghany Corporation prevailing market performance to make sure the company can sustain itself at future point.

The modest gains experienced by current holders of Alleghany may raise some interest from investors as it closed today at a share price of 764.89 on 0 in trading volume. The company executives have been quite successful with maneuvering the stock at opportune times to take advantage of all market conditions in August. The stock standard deviation of daily returns for 30 days (very short) investing horizon is currently 1.3731. The below-average Stock volatility is a good sign for a longer term investment options and for buy-and-hold investors. Alleghany defends 130.26x cash per share. Alleghany is selling at 771.57. That is 0.24 percent up. Started trading at 771.57. Alleghany Return on Average Equity is decreasing over the last 5 years. The previous year value of Alleghany Return on Average Equity was 0.0388. Also, Alleghany Average Equity is increasing over the last 4 years. The current value of Alleghany Average Equity is 5,333,119,368.

 2008 2009 2018 2019 (projected)
Alleghany Cost of Revenue 363,890,000  4,574,417,000  4,116,975,300  2,863,744,053 
Alleghany Consolidated Income 162,378,000  460,664,000  414,597,600  348,570,737 

All things considered, we see that Alleghany Follows market closely. The company is fairly valued with low probability of financial unrest within the next 24 months. Our final buy/sell advice on the company is Strong Hold.

Alleghany Competition Technical Indicators

At Risk
 1.04  0.18  0.13  0.21  1.27  0.13 (1.03)  1.92 (2.22)  9.01 
 0.95  0.01  0.01 (0.01)  1.34  0.0096 (0.83)  1.94 (1.99)  4.99 
 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
 1.35 (0.12)  0.00 (0.10)  0.00 (0.06)  0.00  2.42 (2.97)  11.41 
 0.61  0.08  0.10  0.13  0.78  0.11 (0.59)  1.56 (1.29)  3.71 
 0.91 (0.11)  0.00 (0.15)  0.00 (0.09)  0.00  1.46 (2.08)  4.61 
 0.86  0.07  0.07  0.08  1.02  0.07 (0.88)  1.99 (1.93)  5.45 
 0.37  0.02  0.09 (1.90)  0.32  0.0496 (0.52)  0.63 (0.70)  1.61 
 0.96  0.01  0.01 (0.01)  1.49  0.0081 (0.91)  2.08 (2.19)  8.26 
 4.04  1.17  0.06  2.60  5.50  0.12 (15.98)  10.65 (5.47)  61.79 

Acquisition by Hart Robert M of 4976 shares of Alleghany subject to Rule 16b-3

Alleghany Corporation insider trading alert for grant of common stock by Hart Robert M, SVP General Counsel and Sec., on October 13, 2019. This event was filed by Alleghany Corp with SEC on 2008-02-27. Statement of changes in beneficial ownership - SEC Form 4 [view details]   

About Contributor

Ellen Johnson
   Ellen Johnson is a Member of Macroaxs Editorial Board. Ellen covers public companies in North America focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management. View Profile
This story should be regarded as informational only and should not be considered as solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Alleghany Corporation. Please refer to our Terms of Use for any information regarding our disclosure principles.

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Sale by Burns John J Jr of 100 shares of Alleghany
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Filed transaction by Alleghany Corp director. General open market or private sale of non-derivative or derivative security
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Acquisition by John Sennott of 1840 shares of Alleghany subject to Rule 16b-3
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Filed transaction by Alleghany Corp officer. Grant, award or other acquisition pursuant to Rule 16b-3
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Sale by Burns John J Jr of 1100 shares of Alleghany
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Filed transaction by Alleghany Corp director. General open market or private sale of non-derivative or derivative security

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Price to Earnings To Growth

Price to Earnings To Growth Comparative Analysis

  Price to Earnings To Growth 
      Alleghany Comparables 
Alleghany is rated below average in price to earnings to growth category among related companies. PEG Ratio indicates potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate.Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates future growth of a firm. The low PEG ratio usually implies that equity instrument is undervalued; where as PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
See also Alleghany Hype Analysis, Alleghany Correlation and Alleghany Performance. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.