Alamos Gold Stock Market Value
| AGI Stock | USD 15.05 0.11 0.74% |
| Symbol | Alamos |
Alamos Gold Price To Book Ratio
Is Alamos Gold'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 Alamos Gold. If investors know Alamos 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 Alamos Gold 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 0.192 | Dividend Share 0.1 | Earnings Share 0.53 | Revenue Per Share 2.587 | Quarterly Revenue Growth 0.098 |
The market value of Alamos Gold is measured differently than its book value, which is the value of Alamos that is recorded on the company's balance sheet. Investors also form their own opinion of Alamos Gold's value that differs from its market value or its book value, called intrinsic value, which is Alamos Gold'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 Alamos Gold's market value can be influenced by many factors that don't directly affect Alamos Gold'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 Alamos Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alamos Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alamos Gold'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.
Alamos Gold '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 Alamos Gold'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 Alamos Gold.
| 06/28/2022 |
| 04/18/2024 |
If you would invest 0.00 in Alamos Gold on June 28, 2022 and sell it all today you would earn a total of 0.00 from holding Alamos Gold or generate 0.0% return on investment in Alamos Gold over 660 days. Alamos Gold is related to or competes with Paramount Gold, Liberty Gold, International Tower, Allegiant Gold, Angold Resources, and Galiano Gold. Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc More
Alamos Gold 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 Alamos Gold'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 Alamos Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.0914 | |||
| Maximum Drawdown | 10.04 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 4.24 |
Alamos Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alamos Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alamos Gold's standard deviation. In reality, there are many statistical measures that can use Alamos Gold historical prices to predict the future Alamos Gold's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.1595 | |||
| Total Risk Alpha | 0.087 | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | 0.133 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alamos Gold'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.
Alamos Gold Backtested Returns
Alamos Gold appears to be not too volatile, given 3 months investment horizon. Alamos Gold secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Alamos Gold, which you can use to evaluate the volatility of the firm. Please makes use of Alamos Gold's mean deviation of 1.67, and Risk Adjusted Performance of 0.0809 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alamos Gold holds a performance score of 12. The firm shows a Beta (market volatility) of 1.82, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alamos Gold will likely underperform. Please check Alamos Gold's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether Alamos Gold's price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Alamos Gold has good predictability. Overlapping area represents the amount of predictability between Alamos Gold time series from 28th of June 2022 to 24th of May 2023 and 24th of May 2023 to 18th 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 Alamos Gold price movement. The serial correlation of 0.68 indicates that around 68.0% of current Alamos Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Alamos Gold lagged returns against current returns
Autocorrelation, which is Alamos Gold 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 Alamos Gold's stock expected returns. We can calculate the autocorrelation of Alamos Gold returns to help us make a trade decision. For example, suppose you find that Alamos Gold 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 |
Alamos Gold 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 Alamos Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alamos Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alamos Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Alamos Gold Lagged Returns
When evaluating Alamos Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alamos Gold stock have on its future price. Alamos Gold 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, Alamos Gold autocorrelation shows the relationship between Alamos Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Alamos Gold.
Regressed Prices |
| Timeline |
Alamos Gold Investors Sentiment
The influence of Alamos Gold's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alamos. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Alamos Gold's public news can be used to forecast risks associated with an investment in Alamos. The trend in average sentiment can be used to explain how an investor holding Alamos can time the market purely based on public headlines and social activities around Alamos Gold. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Alamos Gold's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alamos Gold's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alamos Gold's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alamos Gold.
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 Alamos Gold 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, Alamos Gold's short interest history, or implied volatility extrapolated from Alamos Gold options trading.
Pair Trading with Alamos Gold
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 Alamos Gold 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 Alamos Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Alamos Stock
| 0.93 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.91 | KALU | Kaiser Aluminum Earnings Call This Week | PairCorr |
| 0.92 | CENX | Century Aluminum Financial Report 13th of May 2024 | PairCorr |
| 0.87 | CSTM | Constellium Nv Earnings Call This Week | PairCorr |
Moving against Alamos Stock
| 0.8 | NC | NACCO Industries | PairCorr |
| 0.74 | X | United States Steel Earnings Call This Week | PairCorr |
| 0.7 | VALE | Vale SA ADR Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Alamos Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alamos Gold 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 Alamos Gold - 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 Alamos Gold to buy it.
The correlation of Alamos Gold 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 Alamos Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alamos Gold 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 Alamos Gold 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 Alamos Gold Correlation, Alamos Gold Volatility and Alamos Gold Alpha and Beta module to complement your research on Alamos Gold. For more detail on how to invest in Alamos Stock please use our How to Invest in Alamos Gold guide.Note that the Alamos Gold information on this page should be used as a complementary analysis to other Alamos Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Alamos Stock analysis
When running Alamos Gold's price analysis, check to measure Alamos Gold'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 Alamos Gold is operating at the current time. Most of Alamos Gold's value examination focuses on studying past and present price action to predict the probability of Alamos Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alamos Gold's price. Additionally, you may evaluate how the addition of Alamos Gold to your portfolios can decrease your overall portfolio volatility.
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Alamos Gold 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.