Altra Net Cash Flow from Operations from 2010 to 2024
AIMCDelisted Stock | USD 61.98 0.00 0.00% |
Check Altra Industrial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altra main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Altra financial statements analysis is a perfect complement when working with Altra Industrial Valuation or Volatility modules.
Altra |
Pair Trading with Altra Industrial
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 Altra Industrial 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 Altra Industrial will appreciate offsetting losses from the drop in the long position's value.Moving against Altra Stock
0.75 | BA | Boeing Earnings Call This Week | PairCorr |
0.69 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
0.62 | ELGL | Element Global | PairCorr |
0.56 | MCD | McDonalds Earnings Call This Week | PairCorr |
0.56 | INTC | Intel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Altra Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altra Industrial 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 Altra Industrial - 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 Altra Industrial Motion to buy it.
The correlation of Altra Industrial 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 Altra Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altra Industrial Motion 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 Altra Industrial 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. 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Altra Stock
If you are still planning to invest in Altra Industrial Motion check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Altra Industrial's history and understand the potential risks before investing.
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Transaction History View history of all your transactions and understand their impact on performance | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |