Altair Net Income Per Share vs Roic Analysis

ALTR Stock

USD 110.41 0.29 0.26%

Altair Engineering financial indicator trend analysis is way more than just evaluating Altair Engineering prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altair Engineering is a good investment. Please check the relationship between Altair Engineering Net Income Per Share and its Roic accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.

Net Income Per Share vs Roic

Net Income Per Share vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altair Engineering Net Income Per Share account and Roic. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Altair Engineering's Net Income Per Share and Roic is 0.91. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Roic in the same time period over historical financial statements of Altair Engineering, assuming nothing else is changed. The correlation between historical values of Altair Engineering's Net Income Per Share and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of Altair Engineering are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Net Income Per Share i.e., Altair Engineering's Net Income Per Share and Roic go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income Per Share

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Most indicators from Altair Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altair Engineering current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.At this time, Altair Engineering's Selling General Administrative is relatively stable compared to the past year. As of 01/18/2025, Sales General And Administrative To Revenue is likely to grow to 0.20, while Enterprise Value Over EBITDA is likely to drop 74.74.

	2022	2023	2024	2025 (projected)
Interest Income	4.1M	16.9M	19.4M	20.4M
Tax Provision	15.2M	21.5M	24.8M	18.3M

Interest Income Tax Provision

Altair Engineering fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Total Assets		0.87	0.6	0.81	0.92	0.79	0.75	0.96	0.52	-0.79	-0.51	0.83	0.91	0.99	0.83	-0.33	0.9	0.91	0.98	0.92	-0.1	0.94	0.9	0.79	0.98	-0.88
Short Long Term Debt Total	0.87		0.47	0.65	0.91	0.74	0.57	0.88	0.49	-0.65	-0.41	0.81	0.95	0.87	0.86	-0.14	0.84	0.95	0.86	0.93	-0.31	0.82	0.98	0.84	0.8	-0.85
Other Current Liab	0.6	0.47		0.74	0.58	0.44	0.74	0.57	0.12	-0.62	-0.37	0.34	0.56	0.62	0.43	-0.38	0.74	0.56	0.5	0.59	-0.12	0.53	0.62	0.23	0.66	-0.74
Total Current Liabilities	0.81	0.65	0.74		0.75	0.67	0.73	0.74	0.53	-0.88	-0.49	0.38	0.8	0.77	0.64	-0.26	0.78	0.8	0.75	0.72	-0.27	0.68	0.77	0.37	0.79	-0.85
Total Stockholder Equity	0.92	0.91	0.58	0.75		0.64	0.76	0.89	0.43	-0.86	-0.56	0.79	0.98	0.93	0.93	-0.48	0.79	0.98	0.9	0.99	-0.04	0.94	0.93	0.68	0.92	-0.88
Other Liab	0.79	0.74	0.44	0.67	0.64		0.26	0.64	0.69	-0.47	-0.28	0.62	0.69	0.77	0.69	0.1	0.75	0.69	0.82	0.68	-0.55	0.63	0.76	0.78	0.67	-0.83
Net Tangible Assets	0.75	0.57	0.74	0.73	0.76	0.26		0.81	0.02	-0.82	-0.4	0.54	0.71	0.76	0.52	-0.62	0.74	0.71	0.63	0.72	0.28	0.79	0.66	0.31	0.84	-0.62
Property Plant And Equipment Net	0.96	0.88	0.57	0.74	0.89	0.64	0.81		0.42	-0.74	-0.48	0.81	0.89	0.95	0.75	-0.32	0.91	0.89	0.91	0.89	-0.01	0.91	0.89	0.79	0.94	-0.78
Current Deferred Revenue	0.52	0.49	0.12	0.53	0.43	0.69	0.02	0.42		-0.44	-0.68	0.25	0.52	0.46	0.63	0.02	0.34	0.52	0.64	0.45	-0.32	0.34	0.47	0.51	0.42	-0.57
Net Debt	-0.79	-0.65	-0.62	-0.88	-0.86	-0.47	-0.82	-0.74	-0.44		0.64	-0.44	-0.86	-0.76	-0.77	0.6	-0.63	-0.86	-0.75	-0.81	-0.07	-0.77	-0.75	-0.3	-0.82	0.79
Retained Earnings	-0.51	-0.41	-0.37	-0.49	-0.56	-0.28	-0.4	-0.48	-0.68	0.64		-0.29	-0.55	-0.49	-0.69	0.53	-0.29	-0.55	-0.58	-0.55	-0.24	-0.45	-0.42	-0.3	-0.57	0.56
Accounts Payable	0.83	0.81	0.34	0.38	0.79	0.62	0.54	0.81	0.25	-0.44	-0.29		0.72	0.87	0.73	-0.29	0.73	0.72	0.84	0.83	0.02	0.89	0.75	0.87	0.81	-0.64
Cash	0.91	0.95	0.56	0.8	0.98	0.69	0.71	0.89	0.52	-0.86	-0.55	0.72		0.89	0.91	-0.35	0.81	1.0	0.89	0.97	-0.18	0.87	0.97	0.68	0.87	-0.9
Non Current Assets Total	0.99	0.87	0.62	0.77	0.93	0.77	0.76	0.95	0.46	-0.76	-0.49	0.87	0.89		0.83	-0.35	0.9	0.89	0.97	0.93	-0.07	0.96	0.89	0.8	0.98	-0.87
Non Currrent Assets Other	0.83	0.86	0.43	0.64	0.93	0.69	0.52	0.75	0.63	-0.77	-0.69	0.73	0.91	0.83		-0.42	0.61	0.91	0.88	0.94	-0.1	0.83	0.85	0.67	0.8	-0.86
Other Assets	-0.33	-0.14	-0.38	-0.26	-0.48	0.1	-0.62	-0.32	0.02	0.6	0.53	-0.29	-0.35	-0.35	-0.42		-0.12	-0.35	-0.32	-0.43	-0.74	-0.49	-0.21	0.04	-0.48	0.25
Long Term Debt	0.9	0.84	0.74	0.78	0.79	0.75	0.74	0.91	0.34	-0.63	-0.29	0.73	0.81	0.9	0.61	-0.12		0.81	0.82	0.8	-0.29	0.8	0.89	0.75	0.87	-0.84
Cash And Short Term Investments	0.91	0.95	0.56	0.8	0.98	0.69	0.71	0.89	0.52	-0.86	-0.55	0.72	1.0	0.89	0.91	-0.35	0.81		0.89	0.97	-0.18	0.87	0.97	0.68	0.87	-0.9
Net Receivables	0.98	0.86	0.5	0.75	0.9	0.82	0.63	0.91	0.64	-0.75	-0.58	0.84	0.89	0.97	0.88	-0.32	0.82	0.89		0.91	-0.1	0.93	0.86	0.83	0.95	-0.86
Good Will	0.92	0.93	0.59	0.72	0.99	0.68	0.72	0.89	0.45	-0.81	-0.55	0.83	0.97	0.93	0.94	-0.43	0.8	0.97	0.91		-0.08	0.93	0.94	0.73	0.91	-0.9
Common Stock Total Equity	-0.1	-0.31	-0.12	-0.27	-0.04	-0.55	0.28	-0.01	-0.32	-0.07	-0.24	0.02	-0.18	-0.07	-0.1	-0.74	-0.29	-0.18	-0.1	-0.08		0.11	-0.33	-0.24	0.07	0.36
Common Stock Shares Outstanding	0.94	0.82	0.53	0.68	0.94	0.63	0.79	0.91	0.34	-0.77	-0.45	0.89	0.87	0.96	0.83	-0.49	0.8	0.87	0.93	0.93	0.11		0.83	0.72	0.96	-0.78
Long Term Debt Total	0.9	0.98	0.62	0.77	0.93	0.76	0.66	0.89	0.47	-0.75	-0.42	0.75	0.97	0.89	0.85	-0.21	0.89	0.97	0.86	0.94	-0.33	0.83		0.75	0.84	-0.92
Non Current Liabilities Total	0.79	0.84	0.23	0.37	0.68	0.78	0.31	0.79	0.51	-0.3	-0.3	0.87	0.68	0.8	0.67	0.04	0.75	0.68	0.83	0.73	-0.24	0.72	0.75		0.7	-0.64
Capital Surpluse	0.98	0.8	0.66	0.79	0.92	0.67	0.84	0.94	0.42	-0.82	-0.57	0.81	0.87	0.98	0.8	-0.48	0.87	0.87	0.95	0.91	0.07	0.96	0.84	0.7		-0.84
Inventory	-0.88	-0.85	-0.74	-0.85	-0.88	-0.83	-0.62	-0.78	-0.57	0.79	0.56	-0.64	-0.9	-0.87	-0.86	0.25	-0.84	-0.9	-0.86	-0.9	0.36	-0.78	-0.92	-0.64	-0.84

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Altair Engineering Account Relationship Matchups

Altair Engineering fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	829.9M	1.2B	1.2B	1.4B	1.6B	800.3M
Short Long Term Debt Total	253.7M	229.2M	340.1M	338.8M	389.7M	409.1M
Other Current Liab	39.1M	244.1M	189.5M	65.0M	74.7M	97.2M
Total Current Liabilities	200.8M	474.0M	232.7M	324.1M	372.7M	246.7M
Total Stockholder Equity	379.4M	614.0M	569.7M	711.3M	818.0M	858.9M
Other Liab	37.2M	37.6M	56.6M	72.6M	83.5M	50.1M
Net Tangible Assets	53.9M	38.8M	144.0M	13.1M	15.0M	10.1M
Property Plant And Equipment Net	69.9M	69.0M	71.1M	70.6M	81.1M	56.4M
Current Deferred Revenue	86.8M	93.2M	113.1M	136.4M	156.9M	108.9M
Net Debt	12.5M	(184.6M)	23.9M	(128.6M)	(115.8M)	(110.0M)
Retained Earnings	(93.3M)	(102.1M)	(121.6M)	(130.5M)	(117.5M)	(123.3M)
Accounts Payable	8.6M	6.6M	10.4M	9.0M	10.3M	8.3M
Cash	241.2M	413.7M	316.1M	467.5M	537.6M	564.5M
Non Current Assets Total	443.0M	575.1M	677.9M	662.9M	762.3M	427.1M
Non Currrent Assets Other	15.1M	19.6M	32.7M	40.7M	46.8M	49.1M
Other Assets	25.5M	66.0M	36.8M	50.1M	45.1M	35.7M
Long Term Debt	178.2M	188.7M	305.6M	225.9M	259.8M	147.7M
Cash And Short Term Investments	241.2M	413.7M	316.1M	467.5M	537.6M	564.5M
Net Receivables	124.6M	137.6M	172.6M	190.5M	219.0M	132.5M
Good Will	264.5M	370.2M	449.0M	458.1M	526.8M	553.2M
Common Stock Shares Outstanding	73.2M	76.2M	79.5M	80.6M	92.7M	74.4M
Long Term Debt Total	31.4M	178.2M	188.7M	305.6M	351.4M	369.0M
Liabilities And Stockholders Equity	829.9M	1.2B	1.2B	1.4B	1.6B	800.3M
Non Current Liabilities Total	249.8M	75.3M	402.3M	328.1M	377.3M	198.3M
Capital Surpluse	446.6M	474.7M	724.2M	721.3M	829.5M	420.8M
Inventory	2.0M	2.4M	1.0	(21.8M)	(19.6M)	(18.6M)
Other Current Assets	16M	20.7M	60.6M	26.1M	30.0M	22.1M
Other Stockholder Equity	475.5M	725.0M	721.3M	864.1M	993.8M	1.0B
Total Liab	450.5M	549.3M	635.0M	652.2M	750.0M	445.1M
Property Plant And Equipment Gross	69.9M	69.0M	71.1M	125.1M	143.9M	151.1M
Short Long Term Debt	430K	30.4M	199.7M	81.5M	93.7M	98.4M
Total Current Assets	386.9M	588.2M	526.8M	700.6M	805.7M	846.0M
Accumulated Other Comprehensive Income	(2.8M)	(9.0M)	(30.0M)	(22.3M)	(20.1M)	(19.1M)
Short Term Debt	51.0M	209.6M	10.4M	90.3M	103.8M	109.0M
Intangible Assets	76.1M	99.1M	107.6M	83.6M	96.1M	67.0M
Property Plant Equipment	64.4M	36.3M	69.0M	37.5M	43.1M	44.5M
Non Current Liabilities Other	61.1M	42.9M	41.2M	2.2M	2.5M	2.4M
Retained Earnings Total Equity	(82.4M)	(93.3M)	(102.1M)	(121.6M)	(109.4M)	(114.9M)

Pair Trading with Altair Engineering

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 Engineering 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 Engineering will appreciate offsetting losses from the drop in the long position's value.

Moving together with Altair Stock

0.75

A2Z Smart Technologies

Pair Corr

Moving against Altair Stock

0.73	VTEX	VTEX	Pair Corr
0.56	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.37	QH	Quhuo	Pair Corr
0.35	ILLRW	Triller Group Symbol Change	Pair Corr

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.

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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altair Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Engineering 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 Engineering 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.

Pair Correlation Correlation Matching

Additional 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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