Altair International Corp Stock Return On Asset
| ATAO Stock | USD 0.04 0.01 18.16% |
Altair International Corp fundamentals help investors to digest information that contributes to Altair International's financial success or failures. It also enables traders to predict the movement of Altair OTC Stock. The fundamental analysis module provides a way to measure Altair International's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Altair International otc stock.
Altair |
Altair International Corp OTC Stock Return On Asset Analysis
Altair International's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Altair International Return On Asset | -6.75 |
Most of Altair International's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Altair International Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, Altair International Corp has a Return On Asset of -6.7526. This is 1012.51% lower than that of the Basic Materials sector and significantly lower than that of the Other Industrial Metals & Mining industry. The return on asset for all United States stocks is notably higher than that of the company.
Altair Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Altair International's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Altair International could also be used in its relative valuation, which is a method of valuing Altair International by comparing valuation metrics of similar companies.Altair International is currently under evaluation in return on asset category among its peers.
Altair Fundamentals
| Return On Asset | -6.75 | |||
| Current Valuation | 8.45 M | |||
| Shares Outstanding | 24.44 M | |||
| Shares Owned By Insiders | 52.47 % | |||
| Price To Book | 1,101 X | |||
| EBITDA | (1.91 M) | |||
| Net Income | (2.47 M) | |||
| Cash And Equivalents | 29.81 K | |||
| Total Debt | 139.76 K | |||
| Debt To Equity | 6.81 % | |||
| Current Ratio | 0.64 X | |||
| Cash Flow From Operations | (396.24 K) | |||
| Earnings Per Share | (0.02) X | |||
| Beta | 0.27 | |||
| Market Capitalization | 5.19 M | |||
| Total Asset | 290.92 K | |||
| Z Score | 2.4 | |||
| Net Asset | 290.92 K |
About Altair International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Altair International Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altair International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altair International Corp based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Altair International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altair International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altair International will appreciate offsetting losses from the drop in the long position's value.Moving against Altair OTC Stock
| 0.57 | WMT | Walmart Aggressive Push | PairCorr |
| 0.56 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.46 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.44 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.36 | MSFT | Microsoft Aggressive Push | PairCorr |
The ability to find closely correlated positions to Altair International 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 International 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 International - 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 International Corp to buy it.
The correlation of Altair International 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altair International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair International Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altair International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Altair OTC Stock
Altair International financial ratios help investors to determine whether Altair OTC 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 International security.