Altair Engineering Stock Price on May 12, 2022
| ALTR Stock | USD 83.78 1.56 1.90% |
If you're considering investing in Altair Stock, it is important to understand the factors that can impact its price. As of today, the current price of Altair Engineering stands at 83.78, as last reported on the 24th of April, with the highest price reaching 83.86 and the lowest price hitting 82.40 during the day. Altair Engineering secures Sharpe Ratio (or Efficiency) of -0.0064, which signifies that the company had a -0.0064% return per unit of risk over the last 3 months. Altair Engineering exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altair Engineering's Mean Deviation of 1.46, standard deviation of 1.96, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide.
Altair Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Altair |
Sharpe Ratio = -0.0064
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Estimated Market Risk
| 1.98 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Altair Engineering is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Altair Engineering by adding Altair Engineering to a well-diversified portfolio.
Altair Engineering Valuation on May 12, 2022
It is possible to determine the worth of Altair Engineering on a given historical date. On May 12, 2022 Altair was worth 49.31 at the beginning of the trading date compared to the closed value of 50.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Altair Engineering stock. Still, in general, we apply an absolute valuation method to find Altair Engineering's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Altair Engineering where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Altair Engineering's related companies.
| Open | High | Low | Close | Volume | |
| 50.74 | 52.01 | 49.93 | 50.11 | 295,400 | |
05/12/2022 | 49.31 | 51.93 | 48.86 | 50.84 | 479,300 |
| 51.74 | 53.89 | 51.02 | 53.07 | 492,700 |
| Backtest Altair Engineering | | | Altair Engineering History | | | Altair Engineering Valuation | Previous | Next |
Altair Engineering Trading Date Momentum on May 12, 2022
| On May 13 2022 Altair Engineering was traded for 53.07 at the closing time. The top price for the day was 53.89 and the lowest listed price was 51.02 . The trading volume for the day was 492.7 K. The trading history from May 13, 2022 was a factor to the next trading day price gain. The overall trading delta against the next closing price was 4.39% . The overall trading delta against the current closing price is 2.32% . |
Altair Engineering Fundamentals Correlations and Trends
By evaluating Altair Engineering's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Altair Engineering's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Altair financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Altair Engineering Stock history
Altair Engineering investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Altair is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Altair Engineering will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Altair Engineering stock prices may prove useful in developing a viable investing in Altair Engineering
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.
Altair Engineering Stock Technical Analysis
Altair Engineering technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Altair Engineering Period Price Range
Low | May 12, 2022
| High |
49.31 | 50.84 |
Altair Engineering April 24, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Altair Engineering's price direction in advance. Along with the technical and fundamental analysis of Altair Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Altair to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.47 |
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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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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.
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.