Altair Stock Probability of Future Stock Price Finishing Over 56.95

ALTR
 Stock
  

USD 56.95  0.94  1.62%   

Altair Engineering's future price is the expected price of Altair Engineering instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Altair Engineering performance during a given time horizon utilizing its historical volatility. As of 08/08/2022, Price to Book Value is likely to grow to 10.28, while Price to Earnings Ratio are likely to drop (661.29) .
  
Altair Engineering's implied volatility is one of the determining factors in the pricing options written on Altair Engineering. Implied volatility approximates the future value of Altair Engineering based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Altair Engineering over a specific time period. For example, 2022-08-19 CALL at $55.0 is a CALL option contract on Altair Engineering's common stock with a strick price of 55.0 expiring on 2022-08-19. The contract was last traded on 2022-08-01 at 10:53:45 for $5.1 and, as of today, has 11 days remaining before the expiration. The option is currently trading at a bid price of $2.0, and an ask price of $5.0. The implied volatility as of the 8th of August is 61.305. View All Altair options

Closest to current price Altair long CALL Option Payoff at Expiration

Please continue to Altair Engineering Backtesting, Altair Engineering Valuation, Altair Engineering Correlation, Altair Engineering Hype Analysis, Altair Engineering Volatility, Altair Engineering History as well as Altair Engineering Performance. Please specify Altair Engineering time horizon, a valid symbol (red box) and a target price (blue box) you would like Altair Engineering odds to be computed.

Altair Engineering Target Price Odds to finish over 56.95

The tendency of Altair Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 56.95 90 days 56.95 
about 9.55
Based on a normal probability distribution, the odds of Altair Engineering to move above the current price in 90 days from now is about 9.55 (This Altair Engineering probability density function shows the probability of Altair Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.27 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Altair Engineering will likely underperform. Additionally The company has an alpha of 0.1236, implying that it can generate a 0.12 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Altair Engineering Price Density   
       Price  

Predictive Modules for Altair Engineering

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Altair Engineering. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
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
54.5957.1859.77
Details
Intrinsic
Valuation
LowReal ValueHigh
51.2672.1174.70
Details
Naive
Forecast
LowNext ValueHigh
56.5059.1061.69
Details
7 Analysts
Consensus
LowTarget PriceHigh
80.0088.2095.00
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 Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Altair Engineering is not an exception. The market had few large corrections towards the Altair Engineering's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Altair Engineering, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Altair Engineering within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.12
β
Beta against DOW1.27
σ
Overall volatility
2.70
Ir
Information ratio 0.040229

Altair Engineering Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Altair Engineering for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Altair Engineering can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Altair Engineering is unlikely to experience financial distress in the next 2 years
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.marketscreener.com: ALTAIR ENGINEERING INC. Managements Discussion and Analysis of Financial Condition and Results of Operations - Marketscreener.com

Altair Engineering Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Altair Stock often depends not only on the future outlook of the current and potential Altair Engineering's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Altair Engineering's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out3.42%
Short Percent Of Float6.36%
Float Shares42.49M
Average Daily Volume Last 10 Day219.21k
Shares Short Prior Month2.71M
Average Daily Volume In Three Month388.08k
Date Short Interest15th of July 2022

Altair Engineering Technical Analysis

Altair Engineering's future price can be derived by breaking down and analyzing its technical indicators over time. Altair Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Altair Engineering. In general, you should focus on analyzing Altair Stock price patterns and their correlations with different microeconomic environments and drivers.

Altair Engineering Predictive Forecast Models

Altair Engineering time-series forecasting models is one of many Altair Engineering's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Altair Engineering's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

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. Our 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

Altair Engineering Alerts and Suggestions

Altair Engineering is unlikely to experience financial distress in the next 2 years
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.marketscreener.com: ALTAIR ENGINEERING INC. Managements Discussion and Analysis of Financial Condition and Results of Operations - Marketscreener.com
Please continue to Altair Engineering Backtesting, Altair Engineering Valuation, Altair Engineering Correlation, Altair Engineering Hype Analysis, Altair Engineering Volatility, Altair Engineering History as well as Altair Engineering Performance. 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Altair Stock 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.
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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 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.