Alamo Group Stock Technical Analysis
ALG Stock | USD 204.85 1.76 0.85% |
As of the 19th of April, Alamo shows the risk adjusted performance of 0.0162, and Mean Deviation of 1.46. Alamo Group technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, 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 were able to break down and interpolate nineteen technical drivers for Alamo Group, which can be compared to its peers. Please confirm Alamo Group jensen alpha, semi variance, and the relationship between the standard deviation and value at risk to decide if Alamo Group is priced correctly, providing market reflects its regular price of 204.85 per share. Given that Alamo has jensen alpha of (0.09), we suggest you to validate Alamo Group's prevailing market performance to make sure the company can sustain itself at a future point.
Alamo Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Alamo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlamoAlamo |
Alamo Analyst Consensus
Target Price | Advice | # of Analysts | |
217.4 | Strong Buy | 4 | Odds |
Most Alamo analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Alamo stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Alamo Group, talking to its executives and customers, or listening to Alamo conference calls.
Alamo 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.
Alamo Group Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Alamo Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Alamo Group Trend Analysis
Use this graph to draw trend lines for Alamo Group. You can use it to identify possible trend reversals for Alamo as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alamo price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Alamo Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Alamo Group applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that Alamo Group will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 0.98, which is the sum of squared deviations for the predicted Alamo price change compared to its average price change.About Alamo Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Alamo Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Alamo Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Alamo Group price pattern first instead of the macroeconomic environment surrounding Alamo Group. By analyzing Alamo's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Alamo's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Alamo specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.003804 | 0.005083 | 0.004185 | 0.003976 | Price To Sales Ratio | 1.31 | 1.11 | 1.48 | 1.56 |
Alamo April 19, 2024 Technical Indicators
Most technical analysis of Alamo help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Alamo from various momentum indicators to cycle indicators. When you analyze Alamo charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0162 | |||
Market Risk Adjusted Performance | 0.0201 | |||
Mean Deviation | 1.46 | |||
Semi Deviation | 2.4 | |||
Downside Deviation | 2.45 | |||
Coefficient Of Variation | 6548.18 | |||
Standard Deviation | 1.93 | |||
Variance | 3.73 | |||
Information Ratio | (0.02) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.16) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | 0.0101 | |||
Maximum Drawdown | 9.47 | |||
Value At Risk | (3.45) | |||
Potential Upside | 2.26 | |||
Downside Variance | 6.02 | |||
Semi Variance | 5.77 | |||
Expected Short fall | (1.30) | |||
Skewness | (1.22) | |||
Kurtosis | 1.88 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alamo 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 bureau of economic analysis. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Alamo Stock analysis
When running Alamo's price analysis, check to measure Alamo'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 Alamo is operating at the current time. Most of Alamo's value examination focuses on studying past and present price action to predict the probability of Alamo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alamo's price. Additionally, you may evaluate how the addition of Alamo to your portfolios can decrease your overall portfolio volatility.
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Is Alamo'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 Alamo. If investors know Alamo 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 Alamo 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 0.078 | Dividend Share 0.88 | Earnings Share 11.36 | Revenue Per Share 141.749 | Quarterly Revenue Growth 0.08 |
The market value of Alamo Group is measured differently than its book value, which is the value of Alamo that is recorded on the company's balance sheet. Investors also form their own opinion of Alamo's value that differs from its market value or its book value, called intrinsic value, which is Alamo'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 Alamo's market value can be influenced by many factors that don't directly affect Alamo'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 Alamo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alamo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alamo'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.