Alkami Technology Stock Market Value
| ALKT Stock | USD 31.54 0.37 1.19% |
| Symbol | Alkami |
Alkami Technology Price To Book Ratio
Is Application Software space 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 Alkami Technology. If investors know Alkami 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 Alkami Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.54) | Revenue Per Share 3.084 | Quarterly Revenue Growth 0.249 | Return On Assets (0.08) | Return On Equity (0.16) |
The market value of Alkami Technology is measured differently than its book value, which is the value of Alkami that is recorded on the company's balance sheet. Investors also form their own opinion of Alkami Technology's value that differs from its market value or its book value, called intrinsic value, which is Alkami Technology'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 Alkami Technology's market value can be influenced by many factors that don't directly affect Alkami Technology'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 Alkami Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alkami Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alkami Technology'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.
Alkami Technology '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 Alkami Technology'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 Alkami Technology.
| 08/31/2024 |
| 09/30/2024 |
If you would invest 0.00 in Alkami Technology on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alkami Technology or generate 0.0% return on investment in Alkami Technology over 30 days. Alkami Technology is related to or competes with Agilysys, ADEIA P, Paycor HCM, Paylocity Holdng, Powerschool Holdings, Clearwater Analytics, and Workiva. Alkami Technology, Inc. offers a cloud-based digital banking platform in the United States More
Alkami Technology 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 Alkami Technology'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 Alkami Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0514 | |||
| Maximum Drawdown | 12.78 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 4.27 |
Alkami Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alkami Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alkami Technology's standard deviation. In reality, there are many statistical measures that can use Alkami Technology historical prices to predict the future Alkami Technology's volatility.| Risk Adjusted Performance | 0.0864 | |||
| Jensen Alpha | 0.041 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0488 | |||
| Treynor Ratio | 0.1344 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alkami Technology'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.
Alkami Technology Backtested Returns
Currently, Alkami Technology is very steady. Alkami Technology secures Sharpe Ratio (or Efficiency) of 0.0377, which signifies that the company had a 0.0377% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alkami Technology, which you can use to evaluate the volatility of the firm. Please confirm Alkami Technology's Mean Deviation of 1.92, risk adjusted performance of 0.0864, and Downside Deviation of 2.7 to double-check if the risk estimate we provide is consistent with the expected return of 0.0953%. Alkami Technology has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.81, 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, Alkami Technology will likely underperform. Alkami Technology right now shows a risk of 2.52%. Please confirm Alkami Technology potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Alkami Technology will be following its price patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
Alkami Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Alkami Technology time series from 31st of August 2024 to 15th of September 2024 and 15th of September 2024 to 30th of September 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 Alkami Technology price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Alkami Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Alkami Technology lagged returns against current returns
Autocorrelation, which is Alkami Technology 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 Alkami Technology's stock expected returns. We can calculate the autocorrelation of Alkami Technology returns to help us make a trade decision. For example, suppose you find that Alkami Technology 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 |
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Alkami Technology 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 Alkami Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alkami Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alkami Technology stock over time.
Current vs Lagged Prices |
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Alkami Technology Lagged Returns
When evaluating Alkami Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alkami Technology stock have on its future price. Alkami Technology 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, Alkami Technology autocorrelation shows the relationship between Alkami Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Alkami Technology.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Alkami Stock Analysis
When running Alkami Technology's price analysis, check to measure Alkami Technology'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 Alkami Technology is operating at the current time. Most of Alkami Technology's value examination focuses on studying past and present price action to predict the probability of Alkami Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkami Technology's price. Additionally, you may evaluate how the addition of Alkami Technology to your portfolios can decrease your overall portfolio volatility.