Altra Industrial Motion Stock Short Ratio
AIMCDelisted Stock | USD 61.98 0.00 0.00% |
Altra Industrial Motion fundamentals help investors to digest information that contributes to Altra Industrial's financial success or failures. It also enables traders to predict the movement of Altra Stock. The fundamental analysis module provides a way to measure Altra Industrial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Altra Industrial stock.
Altra |
Altra Short Ratio Analysis
Altra Industrial's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Altra Industrial Short Ratio | 4.20 X |
Most of Altra Industrial's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Altra Industrial Motion is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
CompetitionBased on the latest financial disclosure, Altra Industrial Motion has a Short Ratio of 4.2 times. This is 19.85% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The short ratio for all United States stocks is 5.0% lower than that of the firm.
Altra Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Altra Industrial's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Altra Industrial could also be used in its relative valuation, which is a method of valuing Altra Industrial by comparing valuation metrics of similar companies.Altra Industrial is currently under evaluation in short ratio category among related companies.
Altra Fundamentals
Return On Equity | 0.0637 | |||
Return On Asset | 0.0414 | |||
Profit Margin | 0.07 % | |||
Operating Margin | 0.13 % | |||
Current Valuation | 4.77 B | |||
Shares Outstanding | 65.36 M | |||
Shares Owned By Insiders | 1.30 % | |||
Shares Owned By Institutions | 95.61 % | |||
Number Of Shares Shorted | 6.3 M | |||
Price To Earning | 28.96 X | |||
Price To Book | 2.03 X | |||
Price To Sales | 1.99 X | |||
Revenue | 1.95 B | |||
Gross Profit | 692.9 M | |||
EBITDA | 335 M | |||
Net Income | 127 M | |||
Cash And Equivalents | 192.9 M | |||
Cash Per Share | 2.96 X | |||
Total Debt | 1.02 B | |||
Debt To Equity | 0.58 % | |||
Current Ratio | 2.32 X | |||
Book Value Per Share | 30.67 X | |||
Cash Flow From Operations | 125 M | |||
Short Ratio | 4.20 X | |||
Earnings Per Share | 1.94 X | |||
Price To Earnings To Growth | 1.16 X | |||
Target Price | 56.17 | |||
Number Of Employees | 9.31 K | |||
Beta | 2.15 | |||
Market Capitalization | 4.05 B | |||
Total Asset | 3.68 B | |||
Retained Earnings | 255.01 M | |||
Working Capital | 182.81 M | |||
Current Asset | 287.16 M | |||
Current Liabilities | 104.35 M | |||
Z Score | 1.8 | |||
Annual Yield | 0.01 % | |||
Five Year Return | 1.41 % | |||
Net Asset | 3.68 B | |||
Last Dividend Paid | 0.35 |
About Altra Industrial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Altra Industrial Motion's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altra Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altra Industrial Motion based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in various motion-related applications, and high-volume manufacturing and non-manufacturing processes. Altra Industrial Motion Corp. was incorporated in 2004 and is headquartered in Braintree, Massachusetts. Altra Indtl operates under Specialty Industrial Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 9000 people.
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 Altra Industrial 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, Altra Industrial's short interest history, or implied volatility extrapolated from Altra Industrial options trading.
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 together with Altra Stock
0.62 | CICHF | China Construction Bank | PairCorr |
0.78 | GE | General Electric Fiscal Quarter End 31st of March 2024 | PairCorr |
Moving against Altra Stock
0.84 | BA | Boeing Fiscal Quarter End 31st of March 2024 | PairCorr |
0.78 | INTC | Intel Aggressive Push | PairCorr |
0.71 | MMM | 3M Company Fiscal Quarter End 31st of March 2024 | PairCorr |
0.64 | PFE | Pfizer Inc Fiscal Quarter End 31st of March 2024 | PairCorr |
0.49 | AA | Alcoa Corp Fiscal Quarter End 31st of March 2024 | 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.
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