Altair International Corp Stock Performance
| ATAO Stock | USD 0.04 0 8.16% |
The firm shows a Beta (market volatility) of -3.12, 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 -0.0372%. Please make sure to confirm Altair International's maximum drawdown and the relationship between the semi variance and day typical price , to decide if Altair International Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Altair International Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Altair International is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
| Begin Period Cash Flow | 122.2 K | |
| Free Cash Flow | -396.2 K |
Altair |
Altair International Relative Risk vs. Return Landscape
If you would invest 7.35 in Altair International Corp on September 3, 2024 and sell it today you would lose (2.85) from holding Altair International Corp or give up 38.78% of portfolio value over 90 days. Altair International Corp is currently does not generate positive expected returns and assumes 12.6027% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Altair, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Altair International Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altair International's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Altair International Corp, and traders can use it to determine the average amount a Altair International'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 = -0.003
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ATAO |
Estimated Market Risk
| 12.6 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Altair International is not performing at its full potential. However, 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 International by adding Altair International to a well-diversified portfolio.
Altair International Fundamentals Growth
Altair OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Altair International, and Altair International 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 OTC Stock performance.
| Return On Asset | -6.75 | |||
| Current Valuation | 8.45 M | |||
| Shares Outstanding | 24.44 M | |||
| Price To Book | 1,101 X | |||
| EBITDA | (1.91 M) | |||
| Cash And Equivalents | 29.81 K | |||
| Total Debt | 139.76 K | |||
| Debt To Equity | 6.81 % | |||
| Cash Flow From Operations | (396.24 K) | |||
| Earnings Per Share | (0.02) X | |||
| Total Asset | 290.92 K | |||
About Altair International Performance
By examining Altair International's fundamental ratios, stakeholders can obtain critical insights into Altair International's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Altair International is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Altair International Corp. operates in the metals and mining and green technology sectors. The company was incorporated in 2012 and is based in Pittsburgh, Pennsylvania. ALTAIR INTERNATIONAL operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.Things to note about Altair International Corp performance evaluation
Checking the ongoing alerts about Altair International for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Altair International Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altair International generated a negative expected return over the last 90 days | |
| Altair International has high historical volatility and very poor performance | |
| Altair International has some characteristics of a very speculative penny stock | |
| Altair International has high likelihood to experience some financial distress in the next 2 years | |
| Altair International Corp currently holds 139.76 K in liabilities with Debt to Equity (D/E) ratio of 6.81, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Altair International Corp has a current ratio of 0.63, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Altair International until it has trouble settling it off, either with new capital or with free cash flow. So, Altair International's 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 Altair International Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altair to invest in growth at high rates of return. When we think about Altair International's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.47 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Altair International Corp currently holds about 29.81 K in cash with (396.24 K) of positive cash flow from operations. | |
| Roughly 52.0% of Altair International shares are held by company insiders |
- Analyzing Altair International'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 International's stock is overvalued or undervalued compared to its peers.
- Examining Altair International'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 International's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altair International's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Altair International's otc stock. These opinions can provide insight into Altair International's potential for growth and whether the stock is currently undervalued or overvalued.
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.