Alamo Energy Correlations
The correlation of Alamo Energy 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 Alamo Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alamo Energy Corp 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alamo Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. Alamo |
The ability to find closely correlated positions to Alamo Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alamo Energy 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 Alamo Energy - 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 Alamo Energy Corp to buy it.
Moving against Alamo Stock
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Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Alamo Stock performing well and Alamo Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alamo Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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AERN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
ATUUF | 1.32 | 0.13 | 0.03 | 0.21 | 1.66 | 5.08 | 23.47 | |||
ARET | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
BBLS | 0.99 | 0.63 | 0.00 | (0.28) | 0.00 | 0.00 | 33.33 | |||
SPRL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
PFNO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CPPXF | 65.66 | 29.21 | 0.00 | 0.64 | 0.00 | 0.00 | 2,200 | |||
BPIGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CYPE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
IPRC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alamo Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
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Alamo Energy Corporate Executives
Elected by the shareholders, the Alamo Energy's board of directors comprises two types of representatives: Alamo Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alamo. The board's role is to monitor Alamo Energy's management team and ensure that shareholders' interests are well served. Alamo Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alamo Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Donald Sebastian | CFO and Principal Accounting Officer | Profile |
Already Invested in Alamo Energy Corp?
The danger of trading Alamo Energy Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alamo Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alamo Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alamo Energy Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Alamo Energy Corp is a strong investment it is important to analyze Alamo Energy'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 Alamo Energy's future performance. For an informed investment choice regarding Alamo Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alamo Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Alamo Stock analysis
When running Alamo Energy's price analysis, check to measure Alamo Energy'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 Alamo Energy is operating at the current time. Most of Alamo Energy's value examination focuses on studying past and present price action to predict the probability of Alamo Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alamo Energy's price. Additionally, you may evaluate how the addition of Alamo Energy to your portfolios can decrease your overall portfolio volatility.
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Is Alamo Energy'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 Alamo Energy. If investors know Alamo 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 Alamo Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Revenue Growth 0.807 | Return On Assets (0.19) |
The market value of Alamo Energy Corp is measured differently than its book value, which is the value of Alamo that is recorded on the company's balance sheet. Investors also form their own opinion of Alamo Energy's value that differs from its market value or its book value, called intrinsic value, which is Alamo Energy'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 Alamo Energy's market value can be influenced by many factors that don't directly affect Alamo Energy'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 Alamo Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alamo Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alamo Energy'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.