Alamos Historical Cash Flow
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
| 0.95 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
| 0.86 | DC | Dakota Gold Corp | PairCorr |
| 0.89 | NG | NovaGold Resources | PairCorr |
| 0.83 | OR | Osisko Gold Ro | PairCorr |
| 0.94 | SA | Seabridge Gold Financial Report 20th of May 2024 | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alamos Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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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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.
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.