Altair Stock Performance

ALTR
 Stock
  

USD 44.22  0.73  1.62%   

The firm shows a Beta (market volatility) of 1.1296, which signifies a somewhat significant risk relative to the market. Let's try to break down what Altair's beta means in this case. Altair Engineering returns are very sensitive to returns on the market. As the market goes up or down, Altair Engineering is expected to follow. Even though it is essential to pay attention to Altair Engineering historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Altair Engineering exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Altair Engineering has an expected return of -0.27%. Please be advised to confirm Altair Engineering value at risk, as well as the relationship between the skewness and day median price to decide if Altair Engineering performance from the past will be repeated at some point in the near future.
  
Altair Performance
0 of 100
Over the last 90 days Altair Engineering has generated negative risk-adjusted returns adding no value to investors with long positions. Even with unsteady performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in November 2022. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors. ...more

Altair Price Channel

Quick Ratio1.24
Fifty Two Week Low44.15
Target High Price77.00
Fifty Two Week High82.96
Target Low Price41.00

Altair Engineering Relative Risk vs. Return Landscape

If you would invest  5,347  in Altair Engineering on July 4, 2022 and sell it today you would lose (925.00)  from holding Altair Engineering or give up 17.3% of portfolio value over 90 days. Altair Engineering is currently does not generate positive expected returns and assumes 2.1124% risk (volatility on return distribution) over the 90 days horizon. In different words, 18% of stocks are less volatile than Altair, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Altair Engineering is expected to under-perform the market. In addition to that, the company is 1.86 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of volatility.

Altair Engineering Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Altair Engineering's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Altair Engineering, and traders can use it to determine the average amount a Altair Engineering's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1277

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small Returns
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative ReturnsALTR
Estimated Market Risk
 2.11
  actual daily
 
 18 %
of total potential
 
1818
Expected Return
 -0.27
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.13
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Altair Engineering is performing at about 0% of its full potential. 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 it to a well-diversified portfolio.

About Altair Engineering Performance

To evaluate Altair Engineering Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Altair Engineering generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Altair Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Altair Engineering market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Altair's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about Altair Engineering

Checking the ongoing alerts about Altair Engineering for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Altair Engineering help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Altair Engineering Alerts

Equity Alerts and Improvement Suggestions

Altair Engineering generated a negative expected return over the last 90 days
The company reported the previous year's revenue of 541.8 M. Net Loss for the year was (11.63 M) with profit before overhead, payroll, taxes, and interest of 403.54 M.
Over 99.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.nasdaq.com: ACM vs. ALTR Which Stock Is the Better Value Option - Nasdaq
Please continue to Trending Equities. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Complementary Tools for analysis

When running Altair Engineering 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 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.
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
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 Altair Engineering value 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.