Allego Inc Stock Market Value
| ALLG Stock | USD 2.55 0.01 0.39% |
| Symbol | Allego |
Allego Inc Price To Book Ratio
Is Automotive Parts & Equipment space 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 Allego. If investors know Allego 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 Allego listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.46) | Revenue Per Share 0.542 | Quarterly Revenue Growth (0.20) | Return On Assets (0.09) | Return On Equity (7.60) |
The market value of Allego Inc is measured differently than its book value, which is the value of Allego that is recorded on the company's balance sheet. Investors also form their own opinion of Allego's value that differs from its market value or its book value, called intrinsic value, which is Allego'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 Allego's market value can be influenced by many factors that don't directly affect Allego'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 Allego's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allego is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allego'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.
Allego '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 Allego's 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 Allego.
| 06/23/2024 |
| 09/21/2024 |
If you would invest 0.00 in Allego on June 23, 2024 and sell it all today you would earn a total of 0.00 from holding Allego Inc or generate 0.0% return on investment in Allego over 90 days. Allego is related to or competes with Lear, Autoliv, American Axle, Dorman Products, Fox Factory, Motorcar Parts, and Stoneridge. Allego N.V. operates as an electric vehicle charging company More
Allego 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 Allego's 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 Allego Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.64 | |||
| Information Ratio | 0.0899 | |||
| Maximum Drawdown | 107.57 | |||
| Value At Risk | (13.47) | |||
| Potential Upside | 13.64 |
Allego Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allego's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allego's standard deviation. In reality, there are many statistical measures that can use Allego historical prices to predict the future Allego's volatility.| Risk Adjusted Performance | 0.0896 | |||
| Jensen Alpha | 1.37 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.1249 | |||
| Treynor Ratio | (2.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allego's 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.
Allego Inc Backtested Returns
Allego is dangerous given 3 months investment horizon. Allego Inc secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.38% are justified by taking the suggested risk. Use Allego Downside Deviation of 9.64, mean deviation of 6.41, and Risk Adjusted Performance of 0.0896 to evaluate company specific risk that cannot be diversified away. Allego holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Allego are expected to decrease at a much lower rate. During the bear market, Allego is likely to outperform the market. Use Allego total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Allego.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Allego Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Allego time series from 23rd of June 2024 to 7th of August 2024 and 7th of August 2024 to 21st of September 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 Allego Inc price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Allego price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Allego Inc lagged returns against current returns
Autocorrelation, which is Allego 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 Allego's stock expected returns. We can calculate the autocorrelation of Allego returns to help us make a trade decision. For example, suppose you find that Allego 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 |
Allego 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 Allego stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allego stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allego stock over time.
Current vs Lagged Prices |
| Timeline |
Allego Lagged Returns
When evaluating Allego's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allego stock have on its future price. Allego 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, Allego autocorrelation shows the relationship between Allego stock current value and its past values and can show if there is a momentum factor associated with investing in Allego Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Allego Stock
When determining whether Allego Inc is a strong investment it is important to analyze Allego's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allego's future performance. For an informed investment choice regarding Allego Stock, refer to the following important reports:Check out Allego Correlation, Allego Volatility and Allego Alpha and Beta module to complement your research on Allego. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Allego 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.