Alpha Metallurgical Resources Stock Market Value
| AMR Stock | USD 333.00 3.50 1.06% |
| Symbol | Alpha |
Alpha Metallurgical Price To Book Ratio
Is Alpha Metallurgical'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 Alpha Metallurgical. If investors know Alpha 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 Alpha Metallurgical 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 (0.04) | Dividend Share 1.94 | Earnings Share 49.28 | Revenue Per Share 246.087 | Quarterly Revenue Growth 0.166 |
The market value of Alpha Metallurgical is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Metallurgical's value that differs from its market value or its book value, called intrinsic value, which is Alpha Metallurgical'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 Alpha Metallurgical's market value can be influenced by many factors that don't directly affect Alpha Metallurgical'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 Alpha Metallurgical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Metallurgical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Metallurgical'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.
Alpha Metallurgical '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 Alpha Metallurgical'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 Alpha Metallurgical.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Alpha Metallurgical on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Alpha Metallurgical Resources or generate 0.0% return on investment in Alpha Metallurgical over 720 days. Alpha Metallurgical is related to or competes with Warrior Met, Ramaco Resources, SunCoke Energy, American Resources, and Arch Resources. Alpha Metallurgical Resources, Inc., a mining company, produces, processes, and sells met and thermal coal in Virginia a... More
Alpha Metallurgical 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 Alpha Metallurgical'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 Alpha Metallurgical Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 30.75 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 4.03 |
Alpha Metallurgical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Metallurgical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Metallurgical's standard deviation. In reality, there are many statistical measures that can use Alpha Metallurgical historical prices to predict the future Alpha Metallurgical's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alpha Metallurgical'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.
Alpha Metallurgical Backtested Returns
Alpha Metallurgical secures Sharpe Ratio (or Efficiency) of -0.0422, which signifies that the company had a -0.0422% return per unit of risk over the last 3 months. Alpha Metallurgical Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alpha Metallurgical's Mean Deviation of 2.69, risk adjusted performance of (0.02), and Standard Deviation of 3.93 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.08, which signifies a somewhat significant risk relative to the market. Alpha Metallurgical returns are very sensitive to returns on the market. As the market goes up or down, Alpha Metallurgical is expected to follow. Alpha Metallurgical has an expected return of -0.17%. Please make sure to confirm Alpha Metallurgical potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Alpha Metallurgical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Alpha Metallurgical Resources has average predictability. Overlapping area represents the amount of predictability between Alpha Metallurgical time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 Alpha Metallurgical price movement. The serial correlation of 0.49 indicates that about 49.0% of current Alpha Metallurgical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 7297.16 |
Alpha Metallurgical lagged returns against current returns
Autocorrelation, which is Alpha Metallurgical 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 Alpha Metallurgical's stock expected returns. We can calculate the autocorrelation of Alpha Metallurgical returns to help us make a trade decision. For example, suppose you find that Alpha Metallurgical 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 |
Alpha Metallurgical 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 Alpha Metallurgical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Metallurgical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Metallurgical stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Metallurgical Lagged Returns
When evaluating Alpha Metallurgical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Metallurgical stock have on its future price. Alpha Metallurgical 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, Alpha Metallurgical autocorrelation shows the relationship between Alpha Metallurgical stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Metallurgical Resources.
Regressed Prices |
| Timeline |
Pair Trading with Alpha Metallurgical
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 Alpha Metallurgical 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 Alpha Metallurgical will appreciate offsetting losses from the drop in the long position's value.Moving together with Alpha Stock
| 0.77 | METC | Ramaco Resources Financial Report 1st of May 2024 | PairCorr |
Moving against Alpha Stock
| 0.8 | CE | Celanese Financial Report 14th of May 2024 | PairCorr |
| 0.79 | FF | FutureFuel Corp | PairCorr |
| 0.78 | OR | Osisko Gold Ro Financial Report 8th of May 2024 | PairCorr |
| 0.77 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
| 0.71 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Alpha Metallurgical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha Metallurgical 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 Alpha Metallurgical - 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 Alpha Metallurgical Resources to buy it.
The correlation of Alpha Metallurgical 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 Alpha Metallurgical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha Metallurgical 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 Alpha Metallurgical 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 Alpha Metallurgical Correlation, Alpha Metallurgical Volatility and Alpha Metallurgical Alpha and Beta module to complement your research on Alpha Metallurgical. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Alpha Stock analysis
When running Alpha Metallurgical's price analysis, check to measure Alpha Metallurgical'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 Alpha Metallurgical is operating at the current time. Most of Alpha Metallurgical's value examination focuses on studying past and present price action to predict the probability of Alpha Metallurgical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alpha Metallurgical's price. Additionally, you may evaluate how the addition of Alpha Metallurgical to your portfolios can decrease your overall portfolio volatility.
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Alpha Metallurgical 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.