Altair Competitors
| 8A2 Stock | EUR 100.00 1.00 0.99% |
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Altair Engineering Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Altair Engineering and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Altair and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Altair Engineering does not affect the price movement of the other competitor.
| 0.01 | -0.07 | -0.14 | 0.16 | 0.74 | SDP | ||
| 0.01 | 0.9 | 0.19 | 0.1 | 0.19 | IC1B | ||
| -0.07 | 0.9 | 0.1 | -0.08 | 0.15 | MEL | ||
| -0.14 | 0.19 | 0.1 | 0.07 | -0.11 | 9FM | ||
| 0.16 | 0.1 | -0.08 | 0.07 | -0.07 | T6W | ||
| 0.74 | 0.19 | 0.15 | -0.11 | -0.07 | PD0 | ||
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High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Altair Stock performing well and Altair Engineering Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Altair Engineering's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SDP | 1.53 | (0.10) | (0.02) | 0.05 | 1.50 | 3.51 | 11.59 | |||
| IC1B | 1.35 | 0.50 | 0.16 | (1.77) | 1.36 | 2.86 | 14.21 | |||
| MEL | 1.01 | 0.13 | 0.00 | (1.47) | 1.15 | 2.53 | 6.59 | |||
| 9FM | 0.85 | 0.04 | (0.04) | 0.48 | 1.29 | 1.71 | 9.22 | |||
| T6W | 1.83 | 0.13 | 0.00 | (0.47) | 1.98 | 2.94 | 14.13 | |||
| PD0 | 1.64 | (0.06) | 0.03 | 0.09 | 1.57 | 4.21 | 12.73 |
Altair Engineering Competitive Analysis
The better you understand Altair Engineering competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Altair Engineering's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Altair Engineering's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Altair Engineering Competition Performance Charts
Five steps to successful analysis of Altair Engineering Competition
Altair Engineering's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Altair Engineering in relation to its competition. Altair Engineering's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Altair Engineering in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Altair Engineering's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Altair Engineering, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Altair Engineering position
In addition to having Altair Engineering in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies specializing in air services and air delivery. The Air theme has 42 constituents at this time.
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Additional Information and Resources on Investing in Altair Stock
When determining whether Altair Engineering is a strong investment it is important to analyze Altair Engineering's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Altair Engineering's future performance. For an informed investment choice regarding Altair Stock, refer to the following important reports:Check out Altair Engineering Correlation with its peers. For more detail on how to invest in Altair Stock please use our How to Invest in Altair Engineering guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.