Altair Stock Market Value

ALTR
 Stock
  

USD 56.41  1.09  1.97%   

Altair Engineering's market value is the price at which a share of Altair Engineering stock trades on a public exchange. It measures the collective expectations of Altair Engineering investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Altair Engineering and determine expected loss or profit from investing in Altair Engineering over a given investment horizon. Please continue to Altair Engineering Hype Analysis, Altair Engineering Correlation, Altair Engineering Valuation, Altair Engineering Volatility, as well as analyze Altair Engineering Alpha and Beta and Altair Engineering Performance.
Symbol


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
4.4 B
Quarterly Revenue Growth YOY
0.11
Return On Assets
0.0136
Return On Equity
-0.0663
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.

Altair Engineering 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Altair Engineering's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Altair Engineering.
0.00
06/13/2022
No Change 0.00  0.0 
In 2 months and 2 days
08/12/2022
0.00
If you would invest  0.00  in Altair Engineering on June 13, 2022 and sell it all today you would earn a total of 0.00 from holding Altair Engineering or generate 0.0% return on investment in Altair Engineering over 60 days. Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulatio...More

Altair Engineering Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Altair Engineering's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Altair Engineering upside and downside potential and time the market with a certain degree of confidence.

Altair Engineering Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Altair Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altair Engineering's standard deviation. In reality, there are many statistical measures that can use Altair Engineering historical prices to predict the future Altair Engineering's volatility.
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
53.9656.5159.06
Details
Intrinsic
Valuation
LowReal ValueHigh
50.7771.9574.50
Details
Naive
Forecast
LowNext ValueHigh
51.0753.6256.17
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 Backtested Returns

We consider Altair Engineering very steady. Altair Engineering secures Sharpe Ratio (or Efficiency) of 0.0611, which signifies that the company had 0.0611% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Altair Engineering, which you can use to evaluate the future volatility of the firm. Please confirm Altair Engineering Downside Deviation of 2.49, mean deviation of 2.01, and Risk Adjusted Performance of 0.0934 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
Altair Engineering has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.2192, which signifies a somewhat significant risk relative to the market. Let's try to break down what Altair's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Altair Engineering will likely underperform. Although it is important to respect Altair Engineering historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Altair Engineering technical indicators, you can presently evaluate if the expected return of 0.16% will be sustainable into the future. Altair Engineering right now shows a risk of 2.55%. Please confirm Altair Engineering variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Altair Engineering will be following its price patterns.

Auto-correlation

    
  0.46  

Average predictability

Altair Engineering has average predictability. Overlapping area represents the amount of predictability between Altair Engineering time series from 13th of June 2022 to 13th of July 2022 and 13th of July 2022 to 12th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Altair Engineering price movement. The serial correlation of 0.46 indicates that about 46.0% of current Altair Engineering price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.07
Residual Average0.0
Price Variance10.71

Altair Engineering lagged returns against current returns

Autocorrelation, which is Altair Engineering stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Altair Engineering's stock expected returns. We can calculate the autocorrelation of Altair Engineering returns to help us make a trade decision. For example, suppose you find that Altair Engineering stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Altair Engineering regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Altair Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altair Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altair Engineering stock over time.
   Current vs Lagged Prices   
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       Timeline  

Altair Engineering Lagged Returns

When evaluating Altair Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altair Engineering stock have on its future price. Altair Engineering autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Altair Engineering autocorrelation shows the relationship between Altair Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Altair Engineering.
   Regressed Prices   
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       Timeline  

Altair Engineering Investors Sentiment

The influence of Altair Engineering's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Altair. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Altair Engineering's public news can be used to forecast risks associated with investment in Altair. The trend in average sentiment can be used to explain how an investor holding Altair can time the market purely based on public headlines and social activities around Altair Engineering. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Altair Engineering's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Altair Engineering's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Altair Engineering's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Altair Engineering.

Altair Engineering Implied Volatility

    
  20.81  
Altair Engineering's implied volatility exposes the market's sentiment of Altair Engineering stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Altair Engineering's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Altair Engineering stock will not fluctuate a lot when Altair Engineering's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Altair Engineering in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Altair Engineering's short interest history, or implied volatility extrapolated from Altair Engineering options trading.
Please continue to Altair Engineering Hype Analysis, Altair Engineering Correlation, Altair Engineering Valuation, Altair Engineering Volatility, as well as analyze Altair Engineering Alpha and Beta and 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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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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Altair Engineering technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Altair Engineering technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Altair Engineering trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...