Altair Engineering (Germany) Market Value
| 8A2 Stock | EUR 100.00 1.00 0.99% |
| Symbol | Altair |
Altair Engineering 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Altair Engineering's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Altair Engineering.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Altair Engineering on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Altair Engineering or generate 0.0% return on investment in Altair Engineering over 510 days. Altair Engineering is related to or competes with Summit Hotel, INTERCONT HOTELS, Meli Hotels, THAI BEVERAGE, and Pebblebrook Hotel. Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulatio... More
Altair Engineering Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Altair Engineering's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Altair Engineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.1189 | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 3.64 |
Altair Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altair Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altair Engineering's standard deviation. In reality, there are many statistical measures that can use Altair Engineering historical prices to predict the future Altair Engineering's volatility.| Risk Adjusted Performance | 0.1481 | |||
| Jensen Alpha | 0.2582 | |||
| Total Risk Alpha | 0.0489 | |||
| Sortino Ratio | 0.1196 | |||
| Treynor Ratio | 0.4655 |
Altair Engineering Backtested Returns
Altair Engineering appears to be very steady, given 3 months investment horizon. Altair Engineering secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Altair Engineering, which you can use to evaluate the volatility of the firm. Please makes use of Altair Engineering's Downside Deviation of 1.91, risk adjusted performance of 0.1481, and Mean Deviation of 1.28 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Altair Engineering holds a performance score of 15. The firm shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altair Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altair Engineering is expected to be smaller as well. Please check Altair Engineering's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Altair Engineering's price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Altair Engineering has average predictability. Overlapping area represents the amount of predictability between Altair Engineering time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Altair Engineering price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Altair Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 50.3 |
Altair Engineering lagged returns against current returns
Autocorrelation, which is Altair Engineering stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Altair Engineering's stock expected returns. We can calculate the autocorrelation of Altair Engineering returns to help us make a trade decision. For example, suppose you find that Altair Engineering has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Altair Engineering regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Altair Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altair Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altair Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Altair Engineering Lagged Returns
When evaluating Altair Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altair Engineering stock have on its future price. Altair Engineering autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Altair Engineering autocorrelation shows the relationship between Altair Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Altair Engineering.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Altair Stock
When determining whether Altair Engineering is a strong investment it is important to analyze Altair Engineering's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Altair Engineering's future performance. For an informed investment choice regarding Altair Stock, refer to the following important reports:Check out Altair Engineering Correlation, Altair Engineering Volatility and Altair Engineering Alpha and Beta module to complement your research on Altair Engineering. For more detail on how to invest in Altair Stock please use our How to Invest in Altair Engineering guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.