Altair Net Cash Flow from Operations from 2010 to 2024
| ALTR Stock | USD 80.56 0.58 0.71% |
Check Altair Engineering financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altair main balance sheet or income statement drivers, such as Tax Provision of 18.3 M, Interest Income of 17.7 M or Depreciation And Amortization of 23.6 M, as well as many exotic indicators such as Price To Sales Ratio of 11.62, Dividend Yield of 0.0198 or PTB Ratio of 10.01. Altair financial statements analysis is a perfect complement when working with Altair Engineering Valuation or Volatility modules.
Altair | Net Cash Flow from Operations |
About Altair Engineering Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Altair Engineering income statement, its balance sheet, and the statement of cash flows. Altair Engineering investors use historical funamental indicators, such as Altair Engineering's Net Cash Flow from Operations, to determine how well the company is positioned to perform in the future. Although Altair Engineering investors may use each financial statement separately, they are all related. The changes in Altair Engineering's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Altair Engineering's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Altair Engineering Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Altair Engineering. Please read more on our technical analysis and fundamental analysis pages.
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan. Altair Engineering operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 3050 people.
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.Moving together with Altair Stock
| 0.63 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Altair Stock
| 0.52 | SQ | Block Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.44 | DTSS | Datasea | PairCorr |
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 the analysis of Altair Engineering Correlation against competitors. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Altair Stock analysis
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 7.602 | Quarterly Revenue Growth 0.069 | Return On Assets 0.0029 |
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.