Altair International Corp Stock Market Value
| ATAO Stock | USD 0.04 0.01 18.16% |
| Symbol | Altair |
Altair International '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 International's otc 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 International.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Altair International on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Altair International Corp or generate 0.0% return on investment in Altair International over 30 days. Altair International is related to or competes with ATT, Merck, Disney, Caterpillar, Procter Gamble, and JPMorgan Chase. Altair International Corp. operates in the metals and mining and green technology sectors More
Altair International 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 International's otc 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 International Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 58.31 | |||
| Value At Risk | (15.71) | |||
| Potential Upside | 26.67 |
Altair International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altair International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altair International's standard deviation. In reality, there are many statistical measures that can use Altair International historical prices to predict the future Altair International's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | 0.2527 | |||
| Total Risk Alpha | (2.30) | |||
| Treynor Ratio | 0.0485 |
Altair International Corp Backtested Returns
Altair International Corp secures Sharpe Ratio (or Efficiency) of -0.0152, which signifies that the company had a -0.0152% return per unit of risk over the last 3 months. Altair International Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altair International's Standard Deviation of 12.84, mean deviation of 9.37, and Risk Adjusted Performance of 8.0E-4 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -3.19, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Altair International are expected to decrease by larger amounts. On the other hand, during market turmoil, Altair International is expected to outperform it. At this point, Altair International Corp has a negative expected return of -0.19%. Please make sure to confirm Altair International's skewness, as well as the relationship between the day median price and relative strength index , to decide if Altair International Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Altair International Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Altair International time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 International Corp price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Altair International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Altair International Corp lagged returns against current returns
Autocorrelation, which is Altair International otc 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 International's otc stock expected returns. We can calculate the autocorrelation of Altair International returns to help us make a trade decision. For example, suppose you find that Altair International has exhibited high autocorrelation historically, and you observe that the otc 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 International 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 International otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altair International otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altair International otc stock over time.
Current vs Lagged Prices |
| Timeline |
Altair International Lagged Returns
When evaluating Altair International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altair International otc stock have on its future price. Altair International 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 International autocorrelation shows the relationship between Altair International otc stock current value and its past values and can show if there is a momentum factor associated with investing in Altair International Corp.
Regressed Prices |
| Timeline |
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.