Altair Engineering Stock Performance
| ALTR Stock | USD 83.45 0.33 0.39% |
The firm shows a Beta (market volatility) of 2.0, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Altair Engineering will likely underperform. Altair Engineering has an expected return of -0.0144%. Please make sure to confirm Altair Engineering treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Altair Engineering performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Altair Engineering has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Altair Engineering is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors. ...more
| Begin Period Cash Flow | 317 M |
Altair |
Altair Engineering Relative Risk vs. Return Landscape
If you would invest 8,524 in Altair Engineering on January 26, 2024 and sell it today you would lose (179.00) from holding Altair Engineering or give up 2.1% of portfolio value over 90 days. Altair Engineering is currently does not generate positive expected returns and assumes 2.0001% risk (volatility on return distribution) over the 90 days horizon. In different words, 17% 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. Expected Return |
| Risk |
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 = -0.0072
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Estimated Market Risk
| 2.0 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 Fundamentals Growth
Altair Stock prices reflect investors' perceptions of the future prospects and financial health of Altair Engineering, and Altair Engineering fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Altair Stock performance.
| Return On Equity | -0.0139 | ||||
| Return On Asset | 0.0029 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 6.78 B | ||||
| Shares Outstanding | 56.95 M | ||||
| Price To Earning | 29.59 X | ||||
| Price To Book | 9.59 X | ||||
| Price To Sales | 11.13 X | ||||
| Revenue | 612.7 M | ||||
| EBITDA | 56.22 M | ||||
| Cash And Equivalents | 416.14 M | ||||
| Cash Per Share | 5.20 X | ||||
| Total Debt | 338.83 M | ||||
| Debt To Equity | 0.59 % | ||||
| Book Value Per Share | 8.67 X | ||||
| Cash Flow From Operations | 127.31 M | ||||
| Earnings Per Share | (0.11) X | ||||
| Total Asset | 1.36 B | ||||
| Retained Earnings | (130.5 M) | ||||
| Current Asset | 3.29 B | ||||
| Current Liabilities | 575.31 M | ||||
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 performance evaluation
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 generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 612.7 M. Net Loss for the year was (8.93 M) with profit before overhead, payroll, taxes, and interest of 449.33 M. | |
| Over 99.0% of the company shares are held by institutions such as insurance companies |
- Analyzing Altair Engineering's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Altair Engineering's stock is overvalued or undervalued compared to its peers.
- Examining Altair Engineering's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Altair Engineering's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altair Engineering's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altair Engineering's stock. These opinions can provide insight into Altair Engineering's potential for growth and whether the stock is currently undervalued or overvalued.
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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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.