Altair Engineering Stock Forecast - Accumulation Distribution
| ALTR Stock | USD 81.47 0.28 0.34% |
Altair Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Altair Engineering stock prices and determine the direction of Altair Engineering's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Altair Engineering's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Altair Engineering's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Altair Engineering's systematic risk associated with finding meaningful patterns of Altair Engineering fundamentals over time.
Check out Historical Fundamental Analysis of Altair Engineering to cross-verify your projections. Altair |
Open Interest Against 2024-05-17 Altair Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Altair Engineering's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Altair Engineering's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Altair Engineering stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Altair Engineering's open interest, investors have to compare it to Altair Engineering's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Altair Engineering is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Altair. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Altair Engineering cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Altair Engineering's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Altair Engineering's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Altair Engineering is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Altair Engineering to determine if accumulation or reduction is taking place in the market. This value is adjusted by Altair Engineering trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 3109.75 | 6100.26 |
| Check Altair Engineering Volatility | Backtest Altair Engineering | Trend Details |
Altair Engineering Trading Date Momentum
| On April 25 2024 Altair Engineering was traded for 83.18 at the closing time. The top price for the day was 83.45 and the lowest listed price was 82.01 . The trading volume for the day was 369.1 K. The trading history from April 25, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.32% . The overall trading delta against the current closing price is 0.61% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Altair Engineering to competition |
Other Forecasting Options for Altair Engineering
For every potential investor in Altair, whether a beginner or expert, Altair Engineering's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Altair Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Altair. Basic forecasting techniques help filter out the noise by identifying Altair Engineering's price trends.View Altair Engineering Related Equities
| Risk & Return | Correlation |
Altair Engineering Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Altair Engineering's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Altair Engineering's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Altair Engineering Market Strength Events
Market strength indicators help investors to evaluate how Altair Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altair Engineering shares will generate the highest return on investment. By undertsting and applying Altair Engineering stock market strength indicators, traders can identify Altair Engineering entry and exit signals to maximize returns.
Altair Engineering Risk Indicators
The analysis of Altair Engineering's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Altair Engineering's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting altair stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.47 | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.81 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Altair Engineering Investors Sentiment
The influence of Altair Engineering's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Altair. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Altair Engineering's public news can be used to forecast risks associated with an investment in Altair. The trend in average sentiment can be used to explain how an investor holding Altair can time the market purely based on public headlines and social activities around Altair Engineering. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Altair Engineering's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Altair Engineering's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Altair Engineering's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Altair Engineering.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Altair Engineering in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Altair Engineering's short interest history, or implied volatility extrapolated from Altair Engineering options trading.
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
| 0.68 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Altair Stock
| 0.51 | DTSS | Datasea | PairCorr |
| 0.47 | GB | Global Blue Group | PairCorr |
| 0.46 | NN | Nextnav Acquisition Corp Financial Report 8th of May 2024 | PairCorr |
| 0.45 | SQ | Block Inc | 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 Historical Fundamental Analysis of Altair Engineering to cross-verify your projections. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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 7.631 | Quarterly Revenue Growth 0.041 | Return On Assets 0.0104 |
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.