Altair Stock Alpha and Beta Analysis


USD 56.16  0.32  0.57%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Altair Engineering. It also helps investors analyze the systematic and unsystematic risks associated with investing in Altair Engineering over a specified time horizon. Remember, high Altair Engineering's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please continue to Altair Engineering Backtesting, Altair Engineering Valuation, Altair Engineering Correlation, Altair Engineering Hype Analysis, Altair Engineering Volatility, Altair Engineering History and analyze Altair Engineering Performance.
Please note that although Altair Engineering alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Altair Engineering did 0.14  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Altair Engineering stock's relative risk over its benchmark. Altair Engineering has a beta of 1.24  . 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.
Altair Engineering Book Value per Share is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Book Value per Share of 8.05. As of 08/11/2022, Enterprise Value over EBIT is likely to grow to 537.32, while Enterprise Value is likely to drop slightly above 4.9 B.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Altair Engineering Quarterly Book Value per Share


Altair Engineering Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Altair Engineering market risk premium is the additional return an investor will receive from holding Altair Engineering long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Altair Engineering. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Altair Engineering's performance over market.
α0.14   β1.24
90 days against DJI

Altair Engineering expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Altair Engineering's Buy-and-hold return. Our buy-and-hold chart shows how Altair Engineering performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Altair Engineering Market Price Analysis

Market price analysis indicators help investors to evaluate how Altair Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altair Engineering shares will generate the highest return on investment. By understating and applying Altair Engineering stock market price indicators, traders can identify Altair Engineering position entry and exit signals to maximize returns.

Altair Engineering Return and Market Media

The median price of Altair Engineering for the period between Fri, May 13, 2022 and Thu, Aug 11, 2022 is 52.91 with a coefficient of variation of 5.1. The daily time series for the period is distributed with a sample standard deviation of 2.73, arithmetic mean of 53.46, and mean deviation of 2.2. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
Exercise or conversion by Maitra Raoul of 1644 shares of Alt...05/18/2022
Exercise or conversion by Schramm Uwe of 934 shares of Altai...05/27/2022
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Financial Statements06/24/2022
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Acquisition by Marraccini Jeffrey of 145 shares of Altair En...07/18/2022
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About Altair Engineering Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Altair Engineering has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2021 2022 (projected)
Long Term Debt to Equity0.50.450.35
Interest Coverage1.291.021.05

Altair Engineering Upcoming Company Events

As portrayed in its financial statements, the presentation of Altair Engineering's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Altair Engineering's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Altair Engineering's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Altair Engineering. Please utilize our Beneish M Score to check the likelihood of Altair Engineering's management manipulating its earnings.
Upcoming Quarterly Report24th of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End24th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Please continue to Altair Engineering Backtesting, Altair Engineering Valuation, Altair Engineering Correlation, Altair Engineering Hype Analysis, Altair Engineering Volatility, Altair Engineering History and analyze 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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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...