Altair Competitors

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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Altair Engineering's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Altair Engineering in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
56.1158.6161.11
Details
Intrinsic
Valuation
LowReal ValueHigh
52.1072.6975.19
Details
7 Analysts
Consensus
LowTarget PriceHigh
80.0088.2095.00
Details
Earnings
Estimates (3)
LowProjected EPSHigh
0.130.230.28
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Altair Engineering. Your research has to be compared to or analyzed against Altair Engineering's peers to derive any actionable benefits. When done correctly, Altair Engineering's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Altair Engineering.

Altair Engineering Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Altair Engineering and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Altair and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Altair Engineering does not affect the price movement of the other competitor.
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Altair Engineering Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Altair Engineering stock performing well and Altair Engineering company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Altair Engineering's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
SBUX 1.89  0.28  0.11  0.17  2.13  0.1 (1.92)  4.12 (4.21)  14.93 
IBM 1.20  0.03  0.02  0.04  1.80  0.0228 (1.13)  2.10 (2.48)  8.93 
PG 1.26 (0.09)  0.00 (0.16)  0.00 (0.0494)  0.00  2.29 (2.67)  9.21 
KO 1.02  0.03  0.02  0.03  1.64  0.0236 (1.02)  2.14 (1.96)  10.05 
BAC 1.54 (0.10)  0.00 (0.09)  0.00 (0.0476)  0.00  3.38 (3.07)  9.79 
XOM 2.10  0.06  0.02  0.05  2.98  0.0228 (1.93)  3.97 (4.21)  11.86 
T 1.15 (0.04)  0.00 (0.08)  0.00 (0.0233)  0.00  2.20 (2.45)  10.81 
AXP 1.89 (0.09)  0.00 (0.08)  0.00 (0.0398)  0.00  3.79 (3.84)  9.74 
WMT 1.49 (0.25)  0.00 (0.45)  0.00 (0.10)  0.00  2.50 (3.78)  12.76 

Cross Equities Net Income Analysis

Compare Altair Engineering and related stocks such as Starbucks Corp, International Business, Procter Gamble, Coca-Cola, Bank Of America, Exxon Mobil Corp, ATT Inc, American Express, and Walmart Net Income Over Time
Select Fundamental

2010201120122013201420152016201720182019202020212022
SBUX2.9 B2.9 B2.9 B2.9 B2.9 B2.9 B2.9 B4.2 B4.2 B4.2 B4.2 B4.5 B4.9 B
IBM15.9 B15.9 B16.6 B16.5 B12 B13.2 B11.9 B5.8 B8.7 B9.4 B5.6 B5.7 B7.7 B
PG12.7 B10.8 B11.3 B11.6 BB10.5 B15.3 B9.8 B3.9 B13 B14.3 B16.5 B15 B
KO8.6 B8.6 BB8.6 B7.1 B7.4 B6.5 B1.2 B6.4 B8.9 B7.7 B9.8 B8.3 B
BAC1.4 B1.4 B4.2 B11.4 B5.5 B15.9 B17.8 B18.2 B28.1 B27.4 B17.9 B32 B26.3 B
XOM30.5 B41.1 B44.9 B32.6 B32.5 B16.1 B7.8 B19.7 B20.8 B14.3 B(22.4 B)23 B24.7 B
T19.9 B3.9 B7.3 B18.2 B6.2 B13.3 B13 B29.4 B19.4 B13.9 B(5.2 B)20.1 B16.2 B
AXP4.9 B4.9 B4.5 B5.4 B5.9 B5.2 B5.4 B2.7 B6.9 B6.8 B3.1 B8.1 B7.3 B
WMT14.3 B15.7 B17 B16 B16.4 B14.7 B13.6 B9.9 B6.7 B14.9 B13.5 B13.7 B15.3 B

Altair Engineering and related stocks such as Starbucks Corp, International Business, Procter Gamble, Coca-Cola, Bank Of America, Exxon Mobil Corp, ATT Inc, American Express, and Walmart Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Altair Engineering financial statement analysis. It represents the amount of money remaining after all of Altair Engineering operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Altair Engineering Competitive Analysis

The better you understand Altair Engineering competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Altair Engineering's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Altair Engineering's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ALTRSBUXIBMPGKOBACXOMTAXPWMT
 4.91 
 57.89 
Altair
 1.32 
 85.73 
Starbucks
 0.64 
 132.48 
International
 0.0484 
 144.72 
Procter
 0.46 
 63.38 
Coca Cola
 1.68 
 33.96 
B of A
 1.45 
 88.45 
Exxon
 0.44 
 18.35 
ATT
 0.41 
 157.51 
American
 0.80 
 126.58 
Walmart
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Stock Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
Trade Advice
(90 Days Macroaxis Advice)
Number of Shares Shorted
Shares Owned by Insiders
Current Ratio
Profit Margin
EBITDA
Operating Margin
Current Valuation
Cash Flow from Operations
Retained Earnings
Current Asset
Five Year Return
Beta
Price to Book
Shares Outstanding
Total Debt
Return On Equity
Price to Earning
Z Score
Shares Owned by Institutions
Return On Asset
Book Value Per Share
Cash and Equivalents
Price to Earnings To Growth
Current Liabilities
Total Asset
Short Ratio
Last Dividend Paid
Price to Sales
Market Capitalization
Cash per Share
Net Income
Earnings Per Share
Debt to Equity
Revenue
Working Capital
Gross Profit
Day Typical Price
Accumulation Distribution
Market Facilitation Index
Daily Balance Of Power
Rate Of Daily Change
Day Median Price
Price Action Indicator
Coefficient Of Variation
Mean Deviation
Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Kurtosis
Potential Upside
Treynor Ratio
Maximum Drawdown
Variance
Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Altair Engineering Competition Performance Charts

Complement your Altair Engineering position

In addition to having Altair Engineering in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Public companies that diversify risk by investing across different stocks, funds, or indexes. The ETFs theme has 20 constituents at this time.
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Please continue to Altair Engineering Correlation with its peers. Note that the Altair Engineering information on this page should be used as a complementary analysis to other Altair Engineering's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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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.
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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 YOY
-0.28
Market Capitalization
4.7 B
Quarterly Revenue Growth YOY
0.064
Return On Assets
0.0106
Return On Equity
-0.0229
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.
ALTR
 Stock
  

USD 57.89  2.99  4.91%   

Altair Engineering competes with Starbucks Corp, International Business, Procter Gamble, Coca Cola, and B of A; as well as few others. The company conducts business under Technology sector and is part of Software—Infrastructure industry. Analyzing Altair Engineering competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Altair Engineering to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Altair Engineering competition on your existing holdings. Please continue to Altair Engineering Correlation with its peers.
  
Altair Engineering Return on Investment is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Return on Investment of 1.75. As of 08/07/2022, Return on Invested Capital is likely to grow to 0.14, while Return on Average Assets are likely to drop (0.009711) . Altair Engineering Current Assets are relatively stable at the moment as compared to the past year. Altair Engineering reported last year Current Assets of 588.22 Million. As of 08/07/2022, Tax Assets is likely to grow to about 21.7 M, while Assets Non Current are likely to drop slightly above 481.1 M.