ALTAIR Competitors

Stocks . Germany . 
Stock . ALTAIR RES INC
90AA Stock  EUR 0.0005  0.00  0.00%   
ALTAIR RES INC competes with SLR Investment, WisdomTree Investments, PennyMac Mortgage, APPLIED MATERIALS, and EAGLE MATERIALS; as well as few others. The company operates under Basic Materials sector and is part of Other Industrial Metals & Mining industry. Analyzing ALTAIR RES competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of ALTAIR RES to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out ALTAIR RES Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of ALTAIR RES competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
0.000.00050.00
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Intrinsic
Valuation
LowRealHigh
0.000.00040.00
Details
Naive
Forecast
LowNextHigh
0.00050.00050.0005
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.00050.00050.0005
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as ALTAIR RES. Your research has to be compared to or analyzed against ALTAIR RES's peers to derive any actionable benefits. When done correctly, ALTAIR RES's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ALTAIR RES INC.

ALTAIR RES Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ALTAIR RES 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 RES INC does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
1WT
+ 0.88
ZSL
CH5
+ 0.86
ZSL
CH5
+ 0.86
1WT
CH5
+ 0.78
E5M
E5M
+ 0.72
1WT
E5M
+ 0.67
8PM
  
High negative correlations   
751
- 0.58
ZSL
751
- 0.57
1WT
751
- 0.51
E5M
EZM
- 0.45
751
AP2
- 0.43
ZSL
751
- 0.34
CH5

Risk-Adjusted Indicators

There is a big difference between ALTAIR Stock performing well and ALTAIR RES 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 RES'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.
All Fundamental Data

ALTAIR RES Competitive Analysis

The better you understand ALTAIR RES competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ALTAIR RES'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 RES'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
90AA ZSL 1WT 8PM AP2 E5M CH5 751 EZM
 0.00 
 0.0005 
ALTAIR
 0.19 
 15.48 
SLR
 6.27 
 11.69 
WisdomTree
 1.59 
 12.80 
PennyMac
 0.60 
 168.02 
APPLIED
 2.01 
 304.00 
EAGLE
 1.61 
 126.00 
Chesapeake
 0.44 
 4.52 
Algonquin
 2.78 
 8.14 
Compagnie
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Somewhat reliable
Somewhat reliable
Market Performance
(90 Days Performance)
Very Weak
Good
Good
OK
Very Weak
Solid
Solid
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Above Average
Low
Low
Low
Quite High
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Over Valued
Fairly Valued
Fairly Valued
Under Valued
Under Valued
Fairly Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Sell
Hold
Cautious Hold
Hold
Strong Hold
Strong Buy
Sell
Strong Sell
Current Ratio
0.03
1.08
1.93
9.6
N/A
N/A
0.3
1.29
0.9
Net Asset
N/A
2.54 B
1.03 B
13.92 B
26.73 B
2.58 B
2.22 B
16.79 B
6.34 B
Profit Margin
N/A
0.0343
0.17
N/A
N/A
N/A
0.13
0.0145
0.0197
EBITDA
(227.22 K)
N/A
56.11 M
N/A
8.27 B
634.82 M
222.95 M
754.75 M
708.84 M
Operating Margin
N/A
0.68
0.2
-0.43
N/A
N/A
0.21
0.18
0.0296
Current Valuation
N/A
911.73 M
814.64 M
12.79 B
90.2 B
5.81 B
2.73 B
11.96 B
2.9 B
Price To Book
N/A
0.8
2.34
0.86
7.68
4.37
2.53
0.93
0.96
Five Year Return
N/A
7.28
N/A
10.16
N/A
N/A
1.32
4.25
1.71
Beta
3.64
1.14
1.45
1.35
N/A
N/A
0.63
0.31
1.98
Number Of Employees
6
6
273
23
N/A
N/A
1.03 K
3.44 K
40.5 K
Shares Outstanding
56.67 M
54.77 M
146.52 M
88.89 M
N/A
N/A
17.74 M
683.44 M
144.19 M
Cash Flow From Operations
(181.57 K)
91.06 M
55.09 M
1.78 B
5.4 B
517.17 M
158.88 M
157.47 M
544.92 M
Annual Yield
N/A
0.11
0.02
0.12
0.0147
0.0078
0.0166
0.0903
0.0164
Total Debt
12 K
593.27 M
147.02 M
4.77 B
5.46 B
938.26 M
578.39 M
5.85 B
1.16 B
Return On Equity
N/A
0.0059
0.12
-0.0339
N/A
N/A
0.11
-0.0105
0.0453
Z Score
33.0
0.6
3.0
N/A
13.2
3.6
1.8
N/A
2.2
Return On Asset
-1.93
0.0298
0.0363
-0.0053
N/A
N/A
0.0416
0.0168
0.0186
Book Value Per Share
-0.037
18.37
2.13
15.99
N/A
N/A
46.94
7.58
14.46
Total Asset
N/A
2.54 B
1.03 B
13.92 B
26.73 B
2.58 B
2.22 B
16.79 B
6.34 B
Debt To Equity
N/A
64.0
44.2
328.9
N/A
N/A
118.9
91.6
88.4
Target Price
N/A
20.07
7.02
20.89
N/A
N/A
130.57
N/A
N/A
Last Dividend Paid
N/A
1.64
0.12
1.81
N/A
N/A
2.09
0.7
0.39
Shares Owned By Institutions
N/A
34.61
76.58
70.98
N/A
N/A
75.37
50.13
17.34
Market Capitalization
663.31 K
761.34 M
810.92 M
1.09 B
122.11 B
5.93 B
2.08 B
4.75 B
2.51 B
Price To Earning
N/A
10.44
44.81
8.46
N/A
N/A
23.46
26.34
6.49
Price To Earnings To Growth
N/A
N/A
N/A
N/A
3.75
N/A
2.68
N/A
N/A
Price To Sales
N/A
4.75
2.38
33.07
3.7
2.61
2.96
1.8
0.26
Net Income
(628.14 K)
18.34 M
50.68 M
(73.29 M)
6.53 B
374.25 M
89.8 M
264.86 M
126.37 M
Earnings Per Share
-0.029
0.13
0.31
-1.37
N/A
N/A
4.76
0.07
0.6
Shares Owned By Insiders
0.97
7.38
25.51
0.95
N/A
N/A
3.04
0.071
62.13
Revenue
N/A
28.32 M
301.35 M
103.11 M
25.79 B
1.86 B
680.7 M
2.29 B
7.23 B
Cash And Equivalents
12.43 K
258.76 M
88.71 M
257.25 M
N/A
N/A
7.97 M
85.32 M
862.65 M
Cash Per Share
N/A
6.12
0.58
3.76
N/A
N/A
0.49
0.17
5.9
Gross Profit
N/A
139.35 M
131.03 M
(321.2 M)
N/A
N/A
240.4 M
864.25 M
958 M
Day Typical Price
5.0E-4
15.48
11.59
12.8
167.81
302.0
125.0
4.52
8.07
Accumulation Distribution
N/A
N/A
0.0265
N/A
0.0042
0.0197
0.0238
0.0175
0.027
Market Facilitation Index
N/A
N/A
0.31
N/A
0.7
6.0
3.0
0.08
0.22
Daily Balance Of Power
0.0
9.2 T
2.225806
9.2 T
1.428571
1.0
0.6667
0.25
1.0
Period Momentum Indicator
N/A
0.03
0.69
0.2
1.0
6.0
2.0
0.02
0.22
Rate Of Daily Change
1.0
1.0
1.06
1.02
1.01
1.02
1.02
1.0
1.03
Day Median Price
5.0E-4
15.48
11.54
12.8
167.71
301.0
124.5
4.52
8.03
Price Action Indicator
N/A
0.015
0.5
0.1
0.81
6.0
2.5
0.01
0.22
Coefficient Of Variation
N/A
545.86
547.95
882.72
(9,340)
523.78
456.17
(3,217)
(13,751)
Mean Deviation
N/A
0.9001
1.8
0.6139
1.74
1.41
1.07
1.13
2.14
Jensen Alpha
N/A
0.271
0.3981
0.0473
(0.21)
0.1985
0.2883
(0.1)
0.0223
Total Risk Alpha
N/A
0.0257
0.061
(0.05)
(0.45)
0.0636
0.0805
(0.28)
(0.47)
Sortino Ratio
N/A
0.0984
0.1303
(0.02)
N/A
0.1363
0.1194
N/A
N/A
Downside Variance
N/A
1.14
7.05
1.98
N/A
3.78
2.31
N/A
N/A
Standard Deviation
N/A
1.28
2.6
0.8746
2.65
2.06
1.41
1.46
2.84
Kurtosis
N/A
3.49
2.32
0.9381
5.15
6.12
2.0
0.2627
0.7544
Potential Upside
N/A
1.87
5.41
1.59
3.57
3.67
2.48
2.03
4.67
Treynor Ratio
N/A
(0.56)
0.8274
0.2528
(0.03)
0.2458
3.09
(0.17)
0.0687
Maximum Drawdown
N/A
6.48
14.71
4.01
16.86
11.83
8.11
6.65
14.48
Variance
N/A
1.63
6.77
0.765
7.02
4.25
2.0
2.13
8.08
Market Risk Adjusted Performance
N/A
(0.55)
0.8374
0.2628
(0.02)
0.2558
3.1
(0.16)
0.0787
Risk Adjusted Performance
N/A
0.144
0.1465
0.0878
(0)
0.1522
0.1721
(0.02)
0.0018
Skewness
N/A
1.2
0.2515
(0.52)
(1.48)
1.35
0.6241
(0.24)
0.4386
Semi Deviation
N/A
0.7095
1.96
0.6617
N/A
1.35
0.895
N/A
N/A
Information Ratio
N/A
0.0823
0.133
(0.03)
(0.06)
0.1285
0.1282
(0.12)
(0.05)
Value At Risk
N/A
(1.30)
(4.15)
(1.56)
(2.82)
(2.90)
(1.83)
(2.63)
(5.09)
Expected Short fall
N/A
(1.04)
(1.91)
(1.06)
N/A
(1.89)
(1.49)
N/A
N/A
Downside Deviation
N/A
1.07
2.65
1.41
N/A
1.94
1.52
N/A
N/A
Semi Variance
N/A
0.5034
3.85
0.4378
N/A
1.82
0.8011
N/A
N/A

ALTAIR RES Competition Performance Charts

Five steps to successful analysis of ALTAIR RES Competition

ALTAIR RES'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 RES INC in relation to its competition. ALTAIR RES's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of ALTAIR RES 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 RES's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ALTAIR RES INC, 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.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your ALTAIR RES position

In addition to having ALTAIR RES 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.

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Broad Debt ETFs Theme
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Other Information on Investing in ALTAIR Stock

ALTAIR RES financial ratios help investors to determine whether ALTAIR Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ALTAIR with respect to the benefits of owning ALTAIR RES security.
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