Altair Stock Market Value

ALTR
 Stock
  

USD 52.07  0.43  0.82%   

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
Backtest


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
4.2 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.

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
07/12/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
07/02/2022
0.00
If you would invest  0.00  in Altair Engineering on July 12, 2020 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 720 days. Altair Engineering is related to or competes with Black Knight, Travelers Companies, Cisco Systems, Coca Cola, Pfizer, Hp, and Walmart. 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
49.4752.0454.61
Details
Intrinsic
Valuation
LowReal ValueHigh
46.8661.5464.11
Details
Naive
Forecast
LowNext ValueHigh
50.8253.3955.97
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

Altair Engineering secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had -0.12% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Altair Engineering exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Altair Engineering risk adjusted performance of (0.19), and Mean Deviation of 1.98 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.0425, 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-one different technical indicators, which can help you to evaluate its performance. Altair Engineering has an expected return of -0.31%. Please be advised to confirm Altair Engineering variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Altair Engineering performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.73  

Almost perfect reverse predictability

Altair Engineering has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Altair Engineering time series from 12th of July 2020 to 7th of July 2021 and 7th of July 2021 to 2nd of July 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 -0.73 indicates that around 73.0% of current Altair Engineering price fluctuation can be explain by its past prices.
Correlation Coefficient-0.73
Spearman Rank Test-0.76
Residual Average0.0
Price Variance71.86

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.

Altair Engineering Implied Volatility

    
  61.33  
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.

Current Sentiment - ALTR

Altair Engineering Investor Sentiment

Most of Macroaxis users are presently bullish on Altair Engineering. What is your sentiment towards investing in Altair Engineering? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Altair Engineering

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altair Engineering position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altair Engineering will appreciate offsetting losses from the drop in the long position's value.

Altair Engineering Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Altair Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altair Engineering when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altair Engineering - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altair Engineering to buy it.
The correlation of Altair Engineering is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altair Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Engineering moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altair Engineering can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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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...