Altair Stock Technical Analysis

ALTR
 Stock
  

USD 55.73  1.55  2.86%   

As of the 26th of June, Altair Engineering shows the mean deviation of 2.0, and Risk Adjusted Performance of (0.11). Altair Engineering technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Altair Engineering, which can be compared to its rivals. 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 is priced correctly, providing market reflects its regular price of 55.73 per share. Given that Altair Engineering has jensen alpha of (0.034805), we suggest you to validate Altair Engineering's prevailing market performance to make sure the company can sustain itself at a future point.
  
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Altair Engineering Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Altair, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Altair
Altair Engineering's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Altair Engineering Analyst Consensus

Target PriceAdvice# of Analysts
88.2Buy5Odds
Altair Engineering current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Altair analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Altair stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Altair Engineering, talking to its executives and customers, or listening to Altair conference calls.
Altair Analyst Advice Details
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...

Altair Engineering Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Altair Engineering volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Altair Engineering Trend Analysis

Use this graph to draw trend lines for Altair Engineering. You can use it to identify possible trend reversals for Altair Engineering as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Altair Engineering price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Altair Engineering Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Altair Engineering applied against its price change over selected period. The best fit line has a slop of   -0.16  , which may suggest that Altair Engineering market price will keep on failing further. It has 122 observation points and a regression sum of squares at 980.78, which is the sum of squared deviations for the predicted Altair Engineering price change compared to its average price change.

About Altair Engineering Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Altair Engineering on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Altair Engineering based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Altair Engineering stock first instead of the macroeconomic environment surrounding Altair Engineering. By analyzing Altair Engineering's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Altair Engineering's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Altair Engineering specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2021 2022 (projected)
Long Term Debt to Equity0.50.450.35
Interest Coverage1.291.021.05

Altair Engineering June 26, 2022 Technical Indicators

Most technical analysis of Altair help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Altair from various momentum indicators to cycle indicators. When you analyze Altair charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Please continue to Trending Equities. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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.
Quarterly Earnings Growth YOY
-0.28
Market Capitalization
4.4 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.