Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.25, read 2026-10-24
Ethical does not pass the values gate
Price34.76 USD
Fair value40.00
Ethical score30.0/100
Our investment reviews on this name
2026-07-02Read Markdown36.44-4.6% to today ✓First review on file: Markdown
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
AllianceBernstein Holding L.P. holds its Markdown at $34.76. The statistical read favours the sellers, held for 128 days.
As held on the ledger · 2026-10-15
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 128 days
Price at the screen
$34.76
Valuation
10.15 trailing · 9.09 forward price to earnings
Values screen
FAIL· score 30.0
Beta
0.77
The Workings
Five Screens, Shown in Full
Does not pass. Prohibited keyword in sector/industry: financial services
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Prohibited keyword in sector/industry: financial services
Fail
Debt load
Excluded
Below 33%
Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
Excluded
Below 33%
Interest-bearing cash and securities are of assets, above the one-third limit.
Fail
Receivables
Excluded
Below 49%
Money owed to the company is of assets, above the 49% limit.
Fail
Revenue purity
Excluded
Below 5%
of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
AllianceBernstein Holding L.P. does not clear the screen at the business-activity stage. It operates in conventional financial services, which the screen treats as interest-based, so the financial ratios are not the deciding factor here.
Read as at 2026-10-27. It updates when the underlying figures move, and past reads are kept below.
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Fair value range in USD, drawn from the 2026-10-15 screen. The gold marker is the market price at the same screen. A 15.1% margin of safety to the base estimate.
Third-party analyst targets: 7 covering, consensus Hold. The average target sits +9% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-15 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Asset managers trip our ethical red line
Every time a pension or family office hands over capital to be looked after, the fees flow through structures like AllianceBernstein. Yet the firm sits squarely inside financial services, a sector our screen rules out on principle. That single filter overrides the 9.7 times forward earnings and the 19 percent return on equity the numbers display.
The business itself shows modest growth potential and a slim margin of safety to our internal value, with analysts clustered around a hold rating near the current price. Profit margins sit at zero and the moat remains undefined, leaving little to offset the ethical block. We therefore pass without further valuation debate.
Currency moves, fee pressure and market swings add ordinary sector risk, but the ethical failure alone is decisive here. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
AB trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-27Markdown$34.76+0.0%Entry 18
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-26Markdown$34.76+0.0%Entry 17
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Markdown$34.76+0.0%Entry 16
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-24Markdown$34.76+0.0%Entry 15
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-23Markdown$34.76+0.0%Entry 14
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-22Markdown$34.76+0.0%Entry 13
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-21Markdown$34.76+0.0%Entry 12
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-20Markdown$34.76+0.0%Entry 11
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-18Markdown$34.76-3.0%Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 3.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39.
2026-10-11Markdown$35.82+0.0%Entry 9
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are down 0%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (7 analysts) rates it hold, with a mean price target of $39.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.