Alterity Therapeutics Stock Performance
| ATHE Stock | USD 1.09 0.03 2.83% |
The firm shows a Beta (market volatility) of -0.0163, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alterity Therapeutics are expected to decrease at a much lower rate. During the bear market, Alterity Therapeutics is likely to outperform the market. At this point, Alterity Therapeutics has a negative expected return of -0.32%. Please make sure to confirm Alterity Therapeutics' day median price, price action indicator, as well as the relationship between the accumulation distribution and potential upside , to decide if Alterity Therapeutics performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Alterity Therapeutics has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's technical indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
Last Split Factor 1:10 | Last Split Date 2023-01-09 |
1 | Alterity Therapeutics Unveils 2024 Annual Report - TipRanks | 09/25/2024 |
2 | Alterity Therapeutics Appoints Abby Macnish Niven as Chief Financial Officer - StockTitan | 09/30/2024 |
3 | 5 Beginner Breathing Exercises to Help Banish Stress | 10/24/2024 |
4 | Alterity Therapeutics Limited Short Interest Down 41.9 percent in October | 11/13/2024 |
5 | Alterity Therapeutics reports annual general meeting results | 11/22/2024 |
| Begin Period Cash Flow | 15.8 M | |
| Free Cash Flow | -12.6 M |
Alterity |
Alterity Therapeutics Relative Risk vs. Return Landscape
If you would invest 138.00 in Alterity Therapeutics on September 1, 2024 and sell it today you would lose (29.00) from holding Alterity Therapeutics or give up 21.01% of portfolio value over 90 days. Alterity Therapeutics is currently does not generate positive expected returns and assumes 3.1587% risk (volatility on return distribution) over the 90 days horizon. In different words, 28% of stocks are less volatile than Alterity, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Alterity Therapeutics Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alterity Therapeutics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Alterity Therapeutics, and traders can use it to determine the average amount a Alterity Therapeutics' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1026
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| Negative Returns | ATHE |
Estimated Market Risk
| 3.16 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Alterity Therapeutics is not performing at its full potential. However, 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 Alterity Therapeutics by adding Alterity Therapeutics to a well-diversified portfolio.
Alterity Therapeutics Fundamentals Growth
Alterity Stock prices reflect investors' perceptions of the future prospects and financial health of Alterity Therapeutics, and Alterity Therapeutics fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Alterity Stock performance.
| Return On Equity | -1.04 | ||||
| Return On Asset | -0.53 | ||||
| Operating Margin | (6.13) % | ||||
| Current Valuation | 5.52 M | ||||
| Shares Outstanding | 8.74 M | ||||
| Price To Earning | (4.84) X | ||||
| Price To Book | 1.07 X | ||||
| Price To Sales | 4.39 X | ||||
| Revenue | 4.02 M | ||||
| Gross Profit | 3.63 M | ||||
| EBITDA | (19.57 M) | ||||
| Net Income | (19.12 M) | ||||
| Cash And Equivalents | 34.81 M | ||||
| Cash Per Share | 0.87 X | ||||
| Total Debt | 159.04 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 7.07 X | ||||
| Book Value Per Share | 0 X | ||||
| Cash Flow From Operations | (12.61 M) | ||||
| Earnings Per Share | (1.91) X | ||||
| Market Capitalization | 17.64 M | ||||
| Total Asset | 19.22 M | ||||
| Retained Earnings | (214.16 M) | ||||
| Working Capital | 13.66 M | ||||
| Current Asset | 14.26 M | ||||
| Current Liabilities | 1.73 M | ||||
About Alterity Therapeutics Performance
By analyzing Alterity Therapeutics' fundamental ratios, stakeholders can gain valuable insights into Alterity Therapeutics' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Alterity Therapeutics has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Alterity Therapeutics has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.99) | (1.04) | |
| Return On Capital Employed | (1.42) | (1.49) | |
| Return On Assets | (0.99) | (1.04) | |
| Return On Equity | (1.39) | (1.32) |
Things to note about Alterity Therapeutics performance evaluation
Checking the ongoing alerts about Alterity Therapeutics for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Alterity Therapeutics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Alterity Therapeutics generated a negative expected return over the last 90 days | |
| Alterity Therapeutics has some characteristics of a very speculative penny stock | |
| Alterity Therapeutics has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 4.02 M. Net Loss for the year was (19.12 M) with profit before overhead, payroll, taxes, and interest of 3.63 M. | |
| Alterity Therapeutics currently holds about 34.81 M in cash with (12.61 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.87. | |
| Alterity Therapeutics has a poor financial position based on the latest SEC disclosures | |
| Latest headline from investing.com: Alterity Therapeutics reports annual general meeting results |
- Analyzing Alterity Therapeutics' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Alterity Therapeutics' stock is overvalued or undervalued compared to its peers.
- Examining Alterity Therapeutics' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Alterity Therapeutics' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alterity Therapeutics' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Alterity Therapeutics' stock. These opinions can provide insight into Alterity Therapeutics' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Alterity Stock analysis
When running Alterity Therapeutics' price analysis, check to measure Alterity Therapeutics' 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 Alterity Therapeutics is operating at the current time. Most of Alterity Therapeutics' value examination focuses on studying past and present price action to predict the probability of Alterity Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alterity Therapeutics' price. Additionally, you may evaluate how the addition of Alterity Therapeutics to your portfolios can decrease your overall portfolio volatility.
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