Altair Total Liab vs Capital Surpluse Analysis

ALTR Stock

USD 81.41 0.96 1.19%

Altair Engineering financial indicator trend analysis is way more than just evaluating Altair Engineering prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altair Engineering is a good investment. Please check the relationship between Altair Engineering Total Liab and its Capital Surpluse accounts. 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.

Total Liab vs Capital Surpluse

Total Liab vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altair Engineering Total Liab account and Capital Surpluse. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Altair Engineering's Total Liab and Capital Surpluse is 0.89. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Altair Engineering, assuming nothing else is changed. The correlation between historical values of Altair Engineering's Total Liab and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Altair Engineering are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Total Liab i.e., Altair Engineering's Total Liab and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Capital Surpluse

Most indicators from Altair Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altair Engineering current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, Altair Engineering's Selling General Administrative is relatively stable compared to the past year. As of 05/02/2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Issuance Of Capital Stock is likely to drop 0.00.

	2022	2023	2024 (projected)
Interest Income	4.1M	16.9M	17.7M
Tax Provision	15.2M	21.5M	18.3M

Interest Income Tax Provision

Altair Engineering fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Total Assets		0.92	0.83	0.76	0.94	0.71	0.81	0.95	0.29	-0.76	-0.49	0.77	0.92	0.99	0.89	-0.38	0.91	0.92	0.97	0.99	-0.04	0.92	0.9	0.72	0.98	-0.83
Short Long Term Debt Total	0.92		0.63	0.6	0.8	0.76	0.61	0.92	0.3	-0.51	-0.3	0.8	0.84	0.91	0.74	-0.06	0.93	0.84	0.89	0.89	-0.26	0.79	0.89	0.89	0.84	-0.8
Other Current Liab	0.83	0.63		0.94	0.8	0.48	0.89	0.76	0.2	-0.86	-0.48	0.41	0.79	0.81	0.71	-0.47	0.81	0.79	0.75	0.81	-0.03	0.75	0.74	0.27	0.84	-0.74
Total Current Liabilities	0.76	0.6	0.94		0.71	0.56	0.75	0.68	0.37	-0.86	-0.45	0.23	0.77	0.7	0.61	-0.28	0.75	0.77	0.69	0.7	-0.24	0.59	0.73	0.2	0.74	-0.74
Total Stockholder Equity	0.94	0.8	0.8	0.71		0.57	0.82	0.9	0.24	-0.85	-0.57	0.76	0.97	0.94	0.85	-0.52	0.79	0.97	0.92	0.94	0.04	0.95	0.92	0.61	0.93	-0.83
Other Liab	0.71	0.76	0.48	0.56	0.57		0.23	0.54	0.56	-0.39	-0.25	0.48	0.63	0.68	0.68	0.11	0.69	0.63	0.77	0.68	-0.55	0.49	0.73	0.7	0.61	-0.66
Net Tangible Assets	0.81	0.61	0.89	0.75	0.82	0.23		0.84	-0.08	-0.82	-0.39	0.55	0.76	0.81	0.63	-0.62	0.74	0.76	0.69	0.81	0.31	0.85	0.66	0.29	0.86	-0.62
Property Plant And Equipment Net	0.95	0.92	0.76	0.68	0.9	0.54	0.84		0.21	-0.7	-0.45	0.76	0.89	0.94	0.77	-0.34	0.9	0.89	0.89	0.93	0.05	0.89	0.87	0.73	0.92	-0.8
Current Deferred Revenue	0.29	0.3	0.2	0.37	0.24	0.56	-0.08	0.21		-0.31	-0.71	-0.05	0.35	0.23	0.48	0.04	0.18	0.35	0.44	0.23	-0.3	0.02	0.35	0.31	0.25	-0.4
Net Debt	-0.76	-0.51	-0.86	-0.86	-0.85	-0.39	-0.82	-0.7	-0.31		0.64	-0.34	-0.85	-0.72	-0.68	0.64	-0.58	-0.85	-0.72	-0.73	-0.12	-0.73	-0.74	-0.17	-0.79	0.66
Retained Earnings	-0.49	-0.3	-0.48	-0.45	-0.57	-0.25	-0.39	-0.45	-0.71	0.64		-0.24	-0.56	-0.46	-0.71	0.56	-0.24	-0.56	-0.59	-0.49	-0.24	-0.43	-0.44	-0.24	-0.55	0.48
Accounts Payable	0.77	0.8	0.41	0.23	0.76	0.48	0.55	0.76	-0.05	-0.34	-0.24		0.67	0.83	0.72	-0.31	0.68	0.67	0.77	0.83	0.1	0.86	0.69	0.84	0.76	-0.56
Cash	0.92	0.84	0.79	0.77	0.97	0.63	0.76	0.89	0.35	-0.85	-0.56	0.67		0.89	0.78	-0.39	0.82	1.0	0.89	0.88	-0.13	0.85	0.97	0.62	0.88	-0.85
Non Current Assets Total	0.99	0.91	0.81	0.7	0.94	0.68	0.81	0.94	0.23	-0.72	-0.46	0.83	0.89		0.9	-0.4	0.9	0.89	0.97	1.0	0.0	0.95	0.88	0.74	0.98	-0.83
Non Currrent Assets Other	0.89	0.74	0.71	0.61	0.85	0.68	0.63	0.77	0.48	-0.68	-0.71	0.72	0.78	0.9		-0.47	0.68	0.78	0.95	0.92	0.09	0.85	0.74	0.66	0.92	-0.76
Other Assets	-0.38	-0.06	-0.47	-0.28	-0.52	0.11	-0.62	-0.34	0.04	0.64	0.56	-0.31	-0.39	-0.4	-0.47		-0.12	-0.39	-0.37	-0.43	-0.74	-0.55	-0.22	0.05	-0.51	0.06
Long Term Debt	0.91	0.93	0.81	0.75	0.79	0.69	0.74	0.9	0.18	-0.58	-0.24	0.68	0.82	0.9	0.68	-0.12		0.82	0.82	0.87	-0.26	0.77	0.87	0.71	0.84	-0.78
Cash And Short Term Investments	0.92	0.84	0.79	0.77	0.97	0.63	0.76	0.89	0.35	-0.85	-0.56	0.67	1.0	0.89	0.78	-0.39	0.82		0.89	0.88	-0.13	0.85	0.97	0.62	0.88	-0.85
Net Receivables	0.97	0.89	0.75	0.69	0.92	0.77	0.69	0.89	0.44	-0.72	-0.59	0.77	0.89	0.97	0.95	-0.37	0.82	0.89		0.97	-0.05	0.89	0.88	0.76	0.96	-0.83
Good Will	0.99	0.89	0.81	0.7	0.94	0.68	0.81	0.93	0.23	-0.73	-0.49	0.83	0.88	1.0	0.92	-0.43	0.87	0.88	0.97		0.04	0.96	0.86	0.72	0.99	-0.81
Common Stock Total Equity	-0.04	-0.26	-0.03	-0.24	0.04	-0.55	0.31	0.05	-0.3	-0.12	-0.24	0.1	-0.13	0.0	0.09	-0.74	-0.26	-0.13	-0.05	0.04		0.21	-0.3	-0.2	0.13	0.33
Common Stock Shares Outstanding	0.92	0.79	0.75	0.59	0.95	0.49	0.85	0.89	0.02	-0.73	-0.43	0.86	0.85	0.95	0.85	-0.55	0.77	0.85	0.89	0.96	0.21		0.8	0.63	0.95	-0.74
Long Term Debt Total	0.9	0.89	0.74	0.73	0.92	0.73	0.66	0.87	0.35	-0.74	-0.44	0.69	0.97	0.88	0.74	-0.22	0.87	0.97	0.88	0.86	-0.3	0.8		0.71	0.82	-0.86
Non Current Liabilities Total	0.72	0.89	0.27	0.2	0.61	0.7	0.29	0.73	0.31	-0.17	-0.24	0.84	0.62	0.74	0.66	0.05	0.71	0.62	0.76	0.72	-0.2	0.63	0.71		0.64	-0.6
Capital Surpluse	0.98	0.84	0.84	0.74	0.93	0.61	0.86	0.92	0.25	-0.79	-0.55	0.76	0.88	0.98	0.92	-0.51	0.84	0.88	0.96	0.99	0.13	0.95	0.82	0.64		-0.78
Inventory	-0.83	-0.8	-0.74	-0.74	-0.83	-0.66	-0.62	-0.8	-0.4	0.66	0.48	-0.56	-0.85	-0.83	-0.76	0.06	-0.78	-0.85	-0.83	-0.81	0.33	-0.74	-0.86	-0.6	-0.78

Click cells to compare fundamentals

Altair Engineering Account Relationship Matchups

Altair Engineering fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	743.1M	829.9M	1.2B	1.2B	1.4B	800.3M
Short Long Term Debt Total	208.0M	253.7M	229.2M	340.1M	338.8M	191.9M
Other Current Liab	59.3M	64.6M	164.5M	98.8M	88.4M	82.4M
Total Current Liabilities	152.9M	200.8M	474.0M	232.7M	324.1M	246.7M
Total Stockholder Equity	357.1M	379.4M	614.0M	569.7M	711.3M	746.9M
Other Liab	37.2M	37.6M	56.6M	72.6M	83.5M	50.1M
Net Tangible Assets	53.9M	38.8M	144.0M	13.1M	15.0M	10.1M
Property Plant And Equipment Net	64.4M	69.9M	69.0M	71.1M	70.6M	56.4M
Current Deferred Revenue	75.4M	86.8M	93.2M	113.1M	136.4M	108.9M
Net Debt	(15.1M)	12.5M	(184.6M)	23.9M	(128.6M)	(122.2M)
Retained Earnings	(82.4M)	(93.3M)	(102.1M)	(121.6M)	(130.5M)	(137.0M)
Accounts Payable	8.6M	8.6M	6.6M	10.4M	9.0M	8.3M
Cash	223.1M	241.2M	413.7M	316.1M	467.5M	490.8M
Non Current Assets Total	390.7M	443.0M	575.1M	677.9M	662.9M	427.1M
Non Currrent Assets Other	9.7M	15.1M	19.6M	32.7M	34.2M	19.0M
Other Assets	25.5M	66.0M	36.8M	50.1M	45.1M	35.7M
Long Term Debt	31.4M	178.2M	188.7M	305.6M	225.9M	147.7M
Cash And Short Term Investments	223.1M	241.2M	413.7M	316.1M	467.5M	490.8M
Net Receivables	112.2M	124.6M	146.9M	181.5M	207.1M	136.7M
Good Will	233.7M	264.5M	370.2M	449.0M	458.1M	258.5M
Common Stock Shares Outstanding	71.5M	73.2M	76.2M	79.5M	80.6M	74.4M
Long Term Debt Total	31.4M	178.2M	188.7M	305.6M	351.4M	369.0M
Liabilities And Stockholders Equity	743.1M	829.9M	1.2B	1.2B	1.4B	800.3M
Non Current Liabilities Total	233.2M	249.8M	75.3M	402.3M	328.1M	198.3M
Capital Surpluse	446.6M	474.7M	724.2M	721.3M	829.5M	420.8M
Inventory	2.0M	2.0M	2.4M	1.0	0.9	0.86
Other Current Assets	17.1M	21.1M	27.5M	29.1M	26.1M	19.7M
Other Stockholder Equity	444.3M	473.9M	723.4M	721.3M	864.1M	479.2M
Total Liab	386.1M	450.5M	549.3M	635.0M	652.2M	445.1M
Property Plant And Equipment Gross	64.4M	69.9M	69.0M	71.1M	125.1M	63.1M
Short Long Term Debt	430K	30.4M	199.7M	81.5M	93.7M	98.4M
Total Current Assets	352.5M	386.9M	588.2M	526.8M	700.6M	373.3M
Accumulated Other Comprehensive Income	(9.5M)	(2.8M)	(9.0M)	(30.0M)	(22.3M)	(21.2M)
Short Term Debt	9.6M	40.7M	209.6M	10.4M	90.3M	47.1M
Intangible Assets	67.1M	76.1M	99.1M	107.6M	83.6M	67.0M
Property Plant Equipment	64.4M	36.3M	69.0M	37.5M	43.1M	44.5M
Non Current Liabilities Other	10.0M	61.1M	42.9M	41.2M	2.2M	2.1M
Retained Earnings Total Equity	(82.4M)	(93.3M)	(102.1M)	(121.6M)	(109.4M)	(114.9M)

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

0.67

SentinelOne Financial Report 6th of June 2024

Pair Corr

Moving against Altair Stock

0.5	SQ	Block Inc	Pair Corr
0.5	DTSS	Datasea	Pair Corr
0.44	NN	Nextnav Acquisition Corp Financial Report 8th of May 2024	Pair Corr
0.42	GB	Global Blue Group	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Altair Engineering is a strong investment it is important to analyze Altair Engineering's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Altair Engineering's future performance. For an informed investment choice regarding Altair Stock, refer to the following important reports:

How To Invest In Altair

Details

Is Altair Stock a good investment?

Details

What is Altair Engineering's Net Worth?

Details

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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 Volatility Analysis module to get historical volatility and risk analysis based on 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

7.602

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.

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Altair Total Liab vs Capital Surpluse Analysis

Total Liab vs Capital Surpluse

Total Liab vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Total Liab

Capital Surpluse

Altair Engineering fundamental ratios Correlations

Altair Engineering Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altair Engineering fundamental ratios Accounts

Pair Trading with Altair Engineering

Moving together with Altair Stock

Moving against Altair Stock

Complementary Tools for Altair Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.99	Total Assets
Capital Surpluse	+ 0.99	Good Will
Capital Surpluse	+ 0.98	Total Assets

Inventory	- 0.86	Long Term Debt Total
Net Debt	- 0.86	Total Current Liabilities
Net Debt	- 0.86	Other Current Liab
Inventory	- 0.85	Cash And Short Term Investments
Inventory	- 0.85	Cash
Cash And Short Term Investments	- 0.85	Net Debt