Altus Power Etf Fundamentals
| AMPS Etf | USD 3.68 0.14 3.66% |
Altus Power fundamentals help investors to digest information that contributes to Altus Power's financial success or failures. It also enables traders to predict the movement of Altus Etf. The fundamental analysis module provides a way to measure Altus Power'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 Altus Power etf.
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Altus Power ETF Price To Earning Analysis
Altus Power's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Altus Power Price To Earning | 15.90 X |
Most of Altus Power's fundamental indicators, such as Price To Earning, 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, Altus Power is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Altus Power has a Price To Earning of 15.9 times. This is much higher than that of the Electric Utilities family and significantly higher than that of the Utilities category. The price to earning for all United States etfs is notably lower than that of the firm.
Altus Power Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Altus Power's current stock value. Our valuation model uses many indicators to compare Altus Power value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Altus Power competition to find correlations between indicators driving Altus Power's intrinsic value. More Info.Altus Power is third largest ETF in price to earning as compared to similar ETFs. It is rated below average in price to book as compared to similar ETFs fabricating about 0.09 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Altus Power is roughly 10.56 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Altus Power by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Altus Power's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Altus Power's earnings, one of the primary drivers of an investment's value.Altus Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Altus Power's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Altus Power could also be used in its relative valuation, which is a method of valuing Altus Power by comparing valuation metrics of similar companies.Altus Power is currently under evaluation in price to earning as compared to similar ETFs.
Fund Asset Allocation for Altus Power
The fund consists of 96.33% investments in fixed income securities, with the rest of funds allocated in various types of exotic instruments.Asset allocation divides Altus Power's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Altus Fundamentals
| Return On Equity | -0.0526 | ||||
| Return On Asset | 0.0088 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | (0.06) % | ||||
| Current Valuation | 1.88 B | ||||
| Shares Outstanding | 159.88 M | ||||
| Shares Owned By Insiders | 49.13 % | ||||
| Shares Owned By Institutions | 53.35 % | ||||
| Number Of Shares Shorted | 8.26 M | ||||
| Price To Earning | 15.90 X | ||||
| Price To Book | 1.51 X | ||||
| Price To Sales | 4.34 X | ||||
| Revenue | 155.16 M | ||||
| Gross Profit | 83.63 M | ||||
| EBITDA | 78.09 M | ||||
| Net Income | (9.36 M) | ||||
| Cash And Equivalents | 290.89 M | ||||
| Cash Per Share | 1.83 X | ||||
| Total Debt | 1.39 B | ||||
| Debt To Equity | 1.44 % | ||||
| Current Ratio | 9.66 X | ||||
| Book Value Per Share | 2.81 X | ||||
| Cash Flow From Operations | 79.36 M | ||||
| Short Ratio | 6.10 X | ||||
| Earnings Per Share | (0.06) X | ||||
| Target Price | 8.13 | ||||
| Number Of Employees | 93 | ||||
| Beta | 0.88 | ||||
| Market Capitalization | 610.72 M | ||||
| Total Asset | 2.24 B | ||||
| Retained Earnings | (55.27 M) | ||||
| Working Capital | 122.29 M | ||||
| Year To Date Return | (2.44) % | ||||
| One Year Return | 4.04 % | ||||
| Three Year Return | 4.76 % | ||||
| Net Asset | 2.24 B | ||||
| Bond Positions Weight | 96.33 % |
About Altus Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Altus Power's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altus Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altus Power based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.Altus Power, Inc., a clean electrification company, originates, develops, owns, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. Altus Power is listed under UtilitiesRenewable in the United States and is traded on New York Stock Exchange exchange.
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 Altus Power 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, Altus Power's short interest history, or implied volatility extrapolated from Altus Power options trading.
Pair Trading with Altus Power
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 Altus Power 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 Altus Power will appreciate offsetting losses from the drop in the long position's value.Moving against Altus Etf
| 0.57 | WAVE | Eco Wave Power | PairCorr |
| 0.55 | CEG | Constellation Energy Corp Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Altus Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altus Power 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 Altus Power - 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 Altus Power to buy it.
The correlation of Altus Power 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 Altus Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altus Power 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 Altus Power 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 Altus Power Piotroski F Score and Altus Power Altman Z Score analysis. For more information on how to buy Altus Etf please use our How to Invest in Altus Power guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of Altus Power is measured differently than its book value, which is the value of Altus that is recorded on the company's balance sheet. Investors also form their own opinion of Altus Power's value that differs from its market value or its book value, called intrinsic value, which is Altus Power'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 Altus Power's market value can be influenced by many factors that don't directly affect Altus Power'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 Altus Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altus Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altus Power'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.