Altair Research Development vs Ebit Analysis
ALTR Stock | USD 91.08 0.22 0.24% |
Altair Engineering financial indicator trend analysis is way more than just evaluating Altair Engineering prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altair Engineering is a good investment. Please check the relationship between Altair Engineering Research Development and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.
Research Development vs Ebit
Research Development vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altair Engineering Research Development account and Ebit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Altair Engineering's Research Development and Ebit is -0.24. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Ebit in the same time period over historical financial statements of Altair Engineering, assuming nothing else is changed. The correlation between historical values of Altair Engineering's Research Development and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Altair Engineering are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Research Development i.e., Altair Engineering's Research Development and Ebit go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Research Development
Ebit
Most indicators from Altair Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altair Engineering current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.At this time, Altair Engineering's Selling General Administrative is relatively stable compared to the past year. As of 05/16/2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Issuance Of Capital Stock is likely to drop 0.00.
2022 | 2023 | 2024 (projected) | Interest Income | 4.1M | 16.9M | 17.7M | Tax Provision | 15.2M | 21.5M | 18.3M |
Altair Engineering fundamental ratios Correlations
Click cells to compare fundamentals
Altair Engineering Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altair Engineering fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 743.1M | 829.9M | 1.2B | 1.2B | 1.4B | 800.3M | |
Short Long Term Debt Total | 208.0M | 253.7M | 229.2M | 340.1M | 338.8M | 191.9M | |
Other Current Liab | 59.3M | 64.6M | 164.5M | 98.8M | 88.4M | 82.4M | |
Total Current Liabilities | 152.9M | 200.8M | 474.0M | 232.7M | 324.1M | 246.7M | |
Total Stockholder Equity | 357.1M | 379.4M | 614.0M | 569.7M | 711.3M | 746.9M | |
Other Liab | 37.2M | 37.6M | 56.6M | 72.6M | 83.5M | 50.1M | |
Net Tangible Assets | 53.9M | 38.8M | 144.0M | 13.1M | 15.0M | 10.1M | |
Property Plant And Equipment Net | 64.4M | 69.9M | 69.0M | 71.1M | 70.6M | 56.4M | |
Current Deferred Revenue | 75.4M | 86.8M | 93.2M | 113.1M | 136.4M | 108.9M | |
Net Debt | (15.1M) | 12.5M | (184.6M) | 23.9M | (128.6M) | (122.2M) | |
Retained Earnings | (82.4M) | (93.3M) | (102.1M) | (121.6M) | (130.5M) | (137.0M) | |
Accounts Payable | 8.6M | 8.6M | 6.6M | 10.4M | 9.0M | 8.3M | |
Cash | 223.1M | 241.2M | 413.7M | 316.1M | 467.5M | 490.8M | |
Non Current Assets Total | 390.7M | 443.0M | 575.1M | 677.9M | 662.9M | 427.1M | |
Non Currrent Assets Other | 9.7M | 15.1M | 19.6M | 32.7M | 34.2M | 19.0M | |
Other Assets | 25.5M | 66.0M | 36.8M | 50.1M | 45.1M | 35.7M | |
Long Term Debt | 31.4M | 178.2M | 188.7M | 305.6M | 225.9M | 147.7M | |
Cash And Short Term Investments | 223.1M | 241.2M | 413.7M | 316.1M | 467.5M | 490.8M | |
Net Receivables | 112.2M | 124.6M | 146.9M | 181.5M | 207.1M | 136.7M | |
Good Will | 233.7M | 264.5M | 370.2M | 449.0M | 458.1M | 258.5M | |
Common Stock Shares Outstanding | 71.5M | 73.2M | 76.2M | 79.5M | 80.6M | 74.4M | |
Long Term Debt Total | 31.4M | 178.2M | 188.7M | 305.6M | 351.4M | 369.0M | |
Liabilities And Stockholders Equity | 743.1M | 829.9M | 1.2B | 1.2B | 1.4B | 800.3M | |
Non Current Liabilities Total | 233.2M | 249.8M | 75.3M | 402.3M | 328.1M | 198.3M | |
Capital Surpluse | 446.6M | 474.7M | 724.2M | 721.3M | 829.5M | 420.8M | |
Inventory | 2.0M | 2.0M | 2.4M | 1.0 | 0.9 | 0.86 | |
Other Current Assets | 17.1M | 21.1M | 27.5M | 29.1M | 26.1M | 19.7M | |
Other Stockholder Equity | 444.3M | 473.9M | 723.4M | 721.3M | 864.1M | 479.2M | |
Total Liab | 386.1M | 450.5M | 549.3M | 635.0M | 652.2M | 445.1M | |
Property Plant And Equipment Gross | 64.4M | 69.9M | 69.0M | 71.1M | 125.1M | 63.1M | |
Short Long Term Debt | 430K | 30.4M | 199.7M | 81.5M | 93.7M | 98.4M | |
Total Current Assets | 352.5M | 386.9M | 588.2M | 526.8M | 700.6M | 373.3M | |
Accumulated Other Comprehensive Income | (9.5M) | (2.8M) | (9.0M) | (30.0M) | (22.3M) | (21.2M) | |
Short Term Debt | 9.6M | 40.7M | 209.6M | 10.4M | 90.3M | 47.1M | |
Intangible Assets | 67.1M | 76.1M | 99.1M | 107.6M | 83.6M | 67.0M | |
Property Plant Equipment | 64.4M | 36.3M | 69.0M | 37.5M | 43.1M | 44.5M | |
Non Current Liabilities Other | 10.0M | 61.1M | 42.9M | 41.2M | 2.2M | 2.1M | |
Retained Earnings Total Equity | (82.4M) | (93.3M) | (102.1M) | (121.6M) | (109.4M) | (114.9M) |
Pair Trading with Altair Engineering
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 Altair Engineering 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 Altair Engineering will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Altair Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altair Engineering 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 Altair Engineering - 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 Altair Engineering to buy it.
The correlation of Altair Engineering 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 Altair Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Engineering 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 Altair Engineering 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 Altair Engineering. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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When running Altair Engineering's price analysis, check to measure Altair Engineering'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 Altair Engineering is operating at the current time. Most of Altair Engineering's value examination focuses on studying past and present price action to predict the probability of Altair Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altair Engineering's price. Additionally, you may evaluate how the addition of Altair Engineering to your portfolios can decrease your overall portfolio volatility.
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Is Altair Engineering'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 Altair Engineering. If investors know Altair 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 Altair Engineering 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 0.633 | Earnings Share 0.11 | Revenue Per Share 7.631 | Quarterly Revenue Growth 0.041 | Return On Assets 0.0071 |
The market value of Altair Engineering is measured differently than its book value, which is the value of Altair that is recorded on the company's balance sheet. Investors also form their own opinion of Altair Engineering's value that differs from its market value or its book value, called intrinsic value, which is Altair Engineering'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 Altair Engineering's market value can be influenced by many factors that don't directly affect Altair Engineering'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 Altair Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altair Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altair Engineering'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.