Altair Engineering Correlations
| 8A2 Stock | EUR 100.00 1.00 0.99% |
The current 90-days correlation between Altair Engineering and Summit Hotel Properties is 0.16 (i.e., Average diversification). The correlation of Altair Engineering is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Altair Engineering Correlation With Market
Weak diversification
The correlation between Altair Engineering and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altair Engineering and DJI in the same portfolio, assuming nothing else is changed.
Altair |
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.
Moving together with Altair Stock
| 0.74 | MSF | Microsoft | PairCorr |
| 0.85 | SQ3 | Square Inc | PairCorr |
| 0.88 | 45C | CrowdStrike Holdings Earnings Call Today | PairCorr |
| 0.86 | PTX | Palantir Technologies | PairCorr |
Moving against Altair Stock
| 0.84 | SSU | Samsung Electronics | PairCorr |
| 0.83 | SSU | Samsung Electronics | PairCorr |
| 0.82 | SSUN | Samsung Electronics | PairCorr |
| 0.81 | SSUN | Samsung Electronics | PairCorr |
| 0.68 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.59 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.55 | BYRA | PT Bank Rakyat | PairCorr |
| 0.54 | ASJA | ASTRA INTERNATIONAL | PairCorr |
| 0.49 | ADB | Adobe Inc | PairCorr |
| 0.47 | ASJA | ASTRA INTERNATIONAL | PairCorr |
Related Correlations Analysis
| 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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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.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 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Altair Engineering without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Altair Engineering Corporate Management
Elected by the shareholders, the Altair Engineering's board of directors comprises two types of representatives: Altair Engineering inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Altair. The board's role is to monitor Altair Engineering's management team and ensure that shareholders' interests are well served. Altair Engineering's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Altair Engineering's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nelson Dias | Chief Revenue Officer | Profile | |
| Matthew Brown | Senior Vice President - Finance | Profile | |
| Jan Kowal | Independent Director | Profile | |
| Stephanie Buckner | Chief Officer | Profile | |
| James Dagg | Chief Technical Officer, Modeling/Visualization | Profile | |
| Mary Boyce | Independent Director | Profile | |
| Srikanth Mahalingam | Chief Officer | Profile |