Altair Engineering (Germany) Price on September 30, 2024
| 8A2 Stock | EUR 99.50 0.50 0.50% |
If you're considering investing in Altair Stock, it is important to understand the factors that can impact its price. As of today, the current price of Altair Engineering stands at 99.50, as last reported on the 30th of November, with the highest price reaching 99.50 and the lowest price hitting 99.50 during the day. Altair Engineering appears to be very steady, given 3 months investment horizon. Altair Engineering secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Altair Engineering, which you can use to evaluate the volatility of the firm. Please makes use of Altair Engineering's Risk Adjusted Performance of 0.1341, downside deviation of 1.82, and Mean Deviation of 1.28 to double-check if our risk estimates are consistent with your expectations.
Altair Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Altair |
Sharpe Ratio = 0.1688
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Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Altair Engineering is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Altair Engineering by adding it to a well-diversified portfolio.
Altair Engineering Valuation on September 30, 2024
It is possible to determine the worth of Altair Engineering on a given historical date. On September 30, 2024 Altair was worth 84.5 at the beginning of the trading date compared to the closed value of 85.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Altair Engineering stock. Still, in general, we apply an absolute valuation method to find Altair Engineering's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Altair Engineering where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Altair Engineering's related companies.
| Open | High | Low | Close | Volume | |
| 85.00 | 85.50 | 84.00 | 84.50 | 20.00 | |
09/30/2024 | 84.50 | 85.00 | 84.00 | 85.00 | 20.00 |
| 85.50 | 85.50 | 82.50 | 82.50 | 20.00 |
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Altair Engineering Trading Date Momentum on September 30, 2024
| On October 01 2024 Altair Engineering was traded for 82.50 at the closing time. The highest daily price throughout the period was 85.50 and the lowest price was 82.50 . The daily volume was 20.0. The net trading volume on 10/01/2024 added to the next day price reduction. The daily price change to closing price of the next trading day was 2.94% . The overall trading delta to current closing price is 1.76% . |
Altair Engineering Fundamentals Correlations and Trends
By evaluating Altair Engineering's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Altair Engineering's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Altair financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Altair Engineering Stock history
Altair Engineering investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Altair is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Altair Engineering will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Altair Engineering stock prices may prove useful in developing a viable investing in Altair Engineering
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan. ALTAIR ENGINEERING operates under SoftwareInfrastructure classification in Germany and is traded on Frankfurt Stock Exchange. It employs 3050 people.
Altair Engineering Stock Technical Analysis
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.
Price Boundaries
Altair Engineering Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Altair Engineering cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Altair Engineering November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Altair Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altair Engineering shares will generate the highest return on investment. By undertsting and applying Altair Engineering stock market strength indicators, traders can identify Altair Engineering entry and exit signals to maximize returns
Altair Engineering Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Altair Engineering's price direction in advance. Along with the technical and fundamental analysis of Altair Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Altair to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1341 | |||
| Jensen Alpha | 0.3465 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1005 | |||
| Treynor Ratio | (1.10) |
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| Volume Indicators |
Complementary Tools for Altair Stock analysis
When running Altair Engineering's 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 the 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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