Altair Engineering (Germany) Performance
| 8A2 Stock | EUR 100.00 1.00 0.99% |
On a scale of 0 to 100, Altair Engineering holds a performance score of 15. The firm shows a Beta (market volatility) of 0.76, 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 jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Altair Engineering's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Altair Engineering are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain basic indicators, Altair Engineering reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 414 M |
Altair |
Altair Engineering Relative Risk vs. Return Landscape
If you would invest 7,950 in Altair Engineering on August 28, 2024 and sell it today you would earn a total of 2,050 from holding Altair Engineering or generate 25.79% return on investment over 90 days. Altair Engineering is currently producing 0.3774% returns and takes up 1.9432% volatility of returns over 90 trading days. Put another way, 17% of traded stocks are less volatile than Altair, and 93% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Altair Engineering Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altair Engineering's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Altair Engineering, and traders can use it to determine the average amount a Altair Engineering's 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 = 0.1942
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| Small Returns | 8A2 | |||
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Estimated Market Risk
| 1.94 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Altair Engineering is performing at about 15% of its full potential. 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 Altair Engineering by adding it to a well-diversified portfolio.
Altair Engineering Fundamentals Growth
Altair Stock prices reflect investors' perceptions of the future prospects and financial health of Altair Engineering, and Altair Engineering 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 Altair Stock performance.
| Return On Equity | -0.0734 | |||
| Return On Asset | -0.0037 | |||
| Profit Margin | (0.08) % | |||
| Operating Margin | (0.01) % | |||
| Current Valuation | 3.68 B | |||
| Shares Outstanding | 52.39 M | |||
| Price To Book | 7.10 X | |||
| Price To Sales | 6.26 X | |||
| Revenue | 572.22 M | |||
| EBITDA | 11.67 M | |||
| Cash And Equivalents | 260.1 M | |||
| Cash Per Share | 3.44 X | |||
| Total Debt | 305.6 M | |||
| Debt To Equity | 0.57 % | |||
| Book Value Per Share | 7.12 X | |||
| Cash Flow From Operations | 39.57 M | |||
| Earnings Per Share | (0.79) X | |||
| Total Asset | 1.2 B | |||
About Altair Engineering Performance
By analyzing Altair Engineering's fundamental ratios, stakeholders can gain valuable insights into Altair Engineering's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Altair Engineering 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 Altair Engineering has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan. ALTAIR ENGINEERING operates under SoftwareInfrastructure classification in Germany and is traded on Frankfurt Stock Exchange. It employs 3050 people.Things to note about Altair Engineering performance evaluation
Checking the ongoing alerts about Altair Engineering for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Altair Engineering help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company reported the revenue of 572.22 M. Net Loss for the year was (43.43 M) with profit before overhead, payroll, taxes, and interest of 449.33 M. | |
| Over 98.0% of the company shares are owned by institutions such as pension funds |
- Analyzing Altair Engineering's 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 Altair Engineering's stock is overvalued or undervalued compared to its peers.
- Examining Altair Engineering's 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 Altair Engineering's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altair Engineering's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altair Engineering's stock. These opinions can provide insight into Altair Engineering's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary 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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