Alta Equipment Stock Forecast - Day Typical Price
| ALTG Stock | USD 9.81 1.78 15.36% |
Alta Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Alta Equipment stock prices and determine the direction of Alta Equipment Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Alta Equipment's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Alta Equipment's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Alta Equipment's systematic risk associated with finding meaningful patterns of Alta Equipment fundamentals over time.
Check out Historical Fundamental Analysis of Alta Equipment to cross-verify your projections. Alta |
Open Interest Against 2024-05-17 Alta Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Alta Equipment's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Alta Equipment's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Alta Equipment stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Alta Equipment's open interest, investors have to compare it to Alta Equipment's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Alta Equipment is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Alta. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Alta Equipment cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Alta Equipment's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Alta Equipment's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 11.55 | 9.93 |
| Check Alta Equipment Volatility | Backtest Alta Equipment | Information Ratio |
Alta Equipment Trading Date Momentum
| On May 09 2024 Alta Equipment Group was traded for 9.81 at the closing time. The top price for the day was 10.92 and the lowest listed price was 9.05 . The trading volume for the day was 1.7 M. The trading history from May 9, 2024 did not affect price variability. The overall trading delta against the current closing price is 11.31% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Alta Equipment to competition |
Other Forecasting Options for Alta Equipment
For every potential investor in Alta, whether a beginner or expert, Alta Equipment's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Alta Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Alta. Basic forecasting techniques help filter out the noise by identifying Alta Equipment's price trends.Alta Equipment Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alta Equipment stock to make a market-neutral strategy. Peer analysis of Alta Equipment could also be used in its relative valuation, which is a method of valuing Alta Equipment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Alta Equipment Group Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Alta Equipment's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Alta Equipment's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Alta Equipment Market Strength Events
Market strength indicators help investors to evaluate how Alta Equipment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alta Equipment shares will generate the highest return on investment. By undertsting and applying Alta Equipment stock market strength indicators, traders can identify Alta Equipment Group entry and exit signals to maximize returns.
| Accumulation Distribution | 287975.0 | |||
| Daily Balance Of Power | (0.95) | |||
| Rate Of Daily Change | 0.85 | |||
| Day Median Price | 9.99 | |||
| Day Typical Price | 9.93 | |||
| Price Action Indicator | (1.06) | |||
| Period Momentum Indicator | (1.78) |
Alta Equipment Risk Indicators
The analysis of Alta Equipment's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Alta Equipment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alta stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.22 | |||
| Standard Deviation | 3.33 | |||
| Variance | 11.08 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alta Equipment in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alta Equipment's short interest history, or implied volatility extrapolated from Alta Equipment options trading.
Pair Trading with Alta Equipment
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 Alta Equipment 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 Alta Equipment will appreciate offsetting losses from the drop in the long position's value.Moving against Alta Stock
| 0.48 | TRTN-PE | Triton International | PairCorr |
The ability to find closely correlated positions to Alta Equipment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alta Equipment 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 Alta Equipment - 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 Alta Equipment Group to buy it.
The correlation of Alta Equipment 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 Alta Equipment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alta Equipment Group 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 Alta Equipment 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 Historical Fundamental Analysis of Alta Equipment to cross-verify your projections. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Alta Stock analysis
When running Alta Equipment's price analysis, check to measure Alta Equipment'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 Alta Equipment is operating at the current time. Most of Alta Equipment's value examination focuses on studying past and present price action to predict the probability of Alta Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alta Equipment's price. Additionally, you may evaluate how the addition of Alta Equipment to your portfolios can decrease your overall portfolio volatility.
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Is Alta Equipment'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 Alta Equipment. If investors know Alta 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 Alta Equipment 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 0.454 | Dividend Share 0.228 | Earnings Share 0.18 | Revenue Per Share 57.841 | Quarterly Revenue Growth 0.217 |
The market value of Alta Equipment Group is measured differently than its book value, which is the value of Alta that is recorded on the company's balance sheet. Investors also form their own opinion of Alta Equipment's value that differs from its market value or its book value, called intrinsic value, which is Alta Equipment'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 Alta Equipment's market value can be influenced by many factors that don't directly affect Alta Equipment'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 Alta Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alta Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alta Equipment'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.