Altex Industries Financials
| ALTX Stock | USD 0.26 0.02 8.33% |
Altex |
Understanding current and past Altex Industries Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Altex Industries' financial statements are interrelated, with each one affecting the others. For example, an increase in Altex Industries' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Altex Industries' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Altex Industries. Check Altex Industries' Beneish M Score to see the likelihood of Altex Industries' management manipulating its earnings.
Altex Industries Stock Summary
Altex Industries competes with Altura Energy, and Barrister Energy. Altex Industries, Inc., through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company was incorporated in 1985 and is based in Denver, Colorado. Altex Industries operates under Oil Gas EP classification in the United States and is traded on OTC Exchange.| Instrument | USA Pink Sheet View All |
| Exchange | PINK Exchange |
| ISIN | US0214541031 |
| Business Address | 700 Colorado Boulevard, |
| Sector | Oil, Gas & Consumable Fuels |
| Industry | Energy |
| Benchmark | Dow Jones Industrial |
| Website | altexinc.com |
| Phone | 780 468 6862 |
| Currency | USD - US Dollar |
Altex Industries Key Financial Ratios
Altex Industries' financial ratios allow both analysts and investors to convert raw data from Altex Industries' financial statements into concise, actionable information that can be used to evaluate the performance of Altex Industries over time and compare it to other companies across industries.| Return On Equity | 0.23 | |||
| Return On Asset | -0.0663 | |||
| Target Price | 2.6 | |||
| Beta | 0.25 | |||
| Z Score | 5.2 |
Altex Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Altex Industries's current stock value. Our valuation model uses many indicators to compare Altex Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Altex Industries competition to find correlations between indicators driving Altex Industries's intrinsic value. More Info.Altex Industries is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Altex Industries by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Altex Industries' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Altex Industries Systematic Risk
Altex Industries' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Altex Industries volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Altex Industries correlated with the market. If Beta is less than 0 Altex Industries generally moves in the opposite direction as compared to the market. If Altex Industries Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Altex Industries is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Altex Industries is generally in the same direction as the market. If Beta > 1 Altex Industries moves generally in the same direction as, but more than the movement of the benchmark.
Altex Industries November 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Altex Industries help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Altex Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of Altex Industries based on widely used predictive technical indicators. In general, we focus on analyzing Altex Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Altex Industries's daily price indicators and compare them against related drivers.
| Information Ratio | 0.0277 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 8.33 |
Additional Tools for Altex Pink Sheet Analysis
When running Altex Industries' price analysis, check to measure Altex Industries' 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 Altex Industries is operating at the current time. Most of Altex Industries' value examination focuses on studying past and present price action to predict the probability of Altex Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altex Industries' price. Additionally, you may evaluate how the addition of Altex Industries to your portfolios can decrease your overall portfolio volatility.