Altair Resources Short Ratio vs. Retained Earnings
| AVX Stock | CAD 0.01 0.00 0.00% |
For Altair Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Altair Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Altair Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Altair Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Altair Resources over time as well as its relative position and ranking within its peers.
Altair |
Altair Resources Retained Earnings vs. Short Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Altair Resources's current stock value. Our valuation model uses many indicators to compare Altair Resources value to that of its competitors to determine the firm's financial worth. Altair Resources is rated fourth in short ratio category among its peers. It is rated second in retained earnings category among its peers . Altair Resources reported Retained Earnings of (24.81 Million) in 2023. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Altair Resources' earnings, one of the primary drivers of an investment's value.Altair Retained Earnings vs. Short Ratio
Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Altair Resources |
| = | 0.23 X |
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
Altair Resources |
| = | (24.81 M) |
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
Altair Retained Earnings Comparison
Altair Resources is currently under evaluation in retained earnings category among its peers.
Altair Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Altair Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Altair Resources will eventually generate negative long term returns. The profitability progress is the general direction of Altair Resources' change in net profit over the period of time. It can combine multiple indicators of Altair Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | -407.2 K | -427.6 K | |
| Net Loss | -444.1 K | -466.3 K | |
| Income Before Tax | -444.1 K | -466.3 K | |
| Total Other Income Expense Net | -3.5 K | -3.7 K | |
| Net Loss | -2.8 M | -2.9 M | |
| Net Loss | -444.1 K | -466.3 K | |
| Net Interest Income | -33.4 K | -31.8 K | |
| Change To Netincome | 352.1 K | 220.2 K |
Altair Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Altair Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Altair Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Altair Resources' important profitability drivers and their relationship over time.
Use Altair Resources in pair-trading
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 Resources 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 Resources will appreciate offsetting losses from the drop in the long position's value.Altair Resources Pair Trading
Altair Resources Pair Trading Analysis
The ability to find closely correlated positions to Altair Resources 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 Resources 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 Resources - 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 Resources to buy it.
The correlation of Altair Resources 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 Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Resources 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 Resources 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.Use Investing Themes to Complement your Altair Resources position
In addition to having Altair Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for Altair Stock Analysis
When running Altair Resources' price analysis, check to measure Altair 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 Altair Resources is operating at the current time. Most of Altair Resources' value examination focuses on studying past and present price action to predict the probability of Altair Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altair Resources' price. Additionally, you may evaluate how the addition of Altair Resources to your portfolios can decrease your overall portfolio volatility.