Altima Resources Stock Performance
| ARH Stock | CAD 0.16 0.02 14.29% |
Altima Resources holds a performance score of 7 on a scale of zero to a hundred. 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, returns on owning Altima Resources are expected to decrease at a much lower rate. During the bear market, Altima Resources is likely to outperform the market. Use Altima Resources maximum drawdown and the relationship between the semi variance and price action indicator , to analyze future returns on Altima Resources.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Altima Resources are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, Altima Resources showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:15 | Dividend Date 2017-04-13 | Ex Dividend Date 2004-02-23 | Last Split Date 2017-04-13 |
| Begin Period Cash Flow | 69.8 K |
Altima |
Altima Resources Relative Risk vs. Return Landscape
If you would invest 12.00 in Altima Resources on September 2, 2024 and sell it today you would earn a total of 4.00 from holding Altima Resources or generate 33.33% return on investment over 90 days. Altima Resources is currently producing 1.0877% returns and takes up 11.6111% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Altima, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Altima Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altima Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Altima Resources, and traders can use it to determine the average amount a Altima Resources' 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 = 0.0937
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Estimated Market Risk
| 11.61 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.09 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Altima Resources is performing at about 7% 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 Altima Resources by adding it to a well-diversified portfolio.
Altima Resources Fundamentals Growth
Altima Stock prices reflect investors' perceptions of the future prospects and financial health of Altima Resources, and Altima Resources 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 Altima Stock performance.
| Return On Asset | -0.14 | ||||
| Profit Margin | (0.47) % | ||||
| Operating Margin | (0.06) % | ||||
| Current Valuation | 11.26 M | ||||
| Shares Outstanding | 56.87 M | ||||
| Price To Earning | 0.52 X | ||||
| Price To Sales | 2.68 X | ||||
| Revenue | 2.94 M | ||||
| Gross Profit | (143.16 K) | ||||
| EBITDA | (649.58 K) | ||||
| Net Income | (2.04 M) | ||||
| Cash And Equivalents | 59.37 K | ||||
| Total Debt | 2 M | ||||
| Debt To Equity | 1.01 % | ||||
| Book Value Per Share | (0.17) X | ||||
| Cash Flow From Operations | (178.98 K) | ||||
| Earnings Per Share | (0.03) X | ||||
| Total Asset | 6.45 M | ||||
| Retained Earnings | (41.76 M) | ||||
About Altima Resources Performance
Evaluating Altima Resources' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Altima Resources 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 Altima Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Altima Resources Ltd., a junior energy company, engages in the acquisition, exploration, and development of petroleum and natural gas properties. Altima Resources Ltd was incorporated in 2003 and is headquartered in Vancouver, Canada. ALTIMA RESOURCES operates under Oil Gas EP classification in Exotistan and is traded on Commodity Exchange.Things to note about Altima Resources performance evaluation
Checking the ongoing alerts about Altima Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Altima Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altima Resources is way too risky over 90 days horizon | |
| Altima Resources has some characteristics of a very speculative penny stock | |
| Altima Resources appears to be risky and price may revert if volatility continues | |
| Altima Resources has high likelihood to experience some financial distress in the next 2 years | |
| Altima Resources has accumulated 2 M in total debt with debt to equity ratio (D/E) of 1.01, which is about average as compared to similar companies. Altima Resources has a current ratio of 0.12, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Altima Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Altima Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Altima Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altima to invest in growth at high rates of return. When we think about Altima Resources' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.94 M. Net Loss for the year was (2.04 M) with loss before overhead, payroll, taxes, and interest of (143.16 K). | |
| Altima Resources has accumulated about 59.37 K in cash with (178.98 K) of positive cash flow from operations. | |
| Roughly 13.0% of Altima Resources shares are held by company insiders |
- Analyzing Altima Resources' 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 Altima Resources' stock is overvalued or undervalued compared to its peers.
- Examining Altima Resources' 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 Altima Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altima Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altima Resources' stock. These opinions can provide insight into Altima Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Altima Stock Analysis
When running Altima Resources' price analysis, check to measure Altima Resources' 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 Altima Resources is operating at the current time. Most of Altima Resources' value examination focuses on studying past and present price action to predict the probability of Altima Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altima Resources' price. Additionally, you may evaluate how the addition of Altima Resources to your portfolios can decrease your overall portfolio volatility.