Altair Engineering Stock Alpha and Beta Analysis
| ALTR Stock | USD 104.35 0.02 0.02% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Altair Engineering. It also helps investors analyze the systematic and unsystematic risks associated with investing in Altair Engineering over a specified time horizon. Remember, high Altair Engineering's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Altair Engineering's market risk premium analysis include:
Beta 0.59 | Alpha 0.26 | Risk 2.08 | Sharpe Ratio 0.12 | Expected Return 0.25 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Altair |
Altair Engineering Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Altair Engineering market risk premium is the additional return an investor will receive from holding Altair Engineering long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Altair Engineering. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Altair Engineering's performance over market.| α | 0.26 | β | 0.59 |
Altair Engineering expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Altair Engineering's Buy-and-hold return. Our buy-and-hold chart shows how Altair Engineering performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Altair Engineering Market Price Analysis
Market price analysis indicators help investors to evaluate how Altair Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altair Engineering shares will generate the highest return on investment. By understating and applying Altair Engineering stock market price indicators, traders can identify Altair Engineering position entry and exit signals to maximize returns.
Altair Engineering Return and Market Media
The median price of Altair Engineering for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 95.0 with a coefficient of variation of 7.15. The daily time series for the period is distributed with a sample standard deviation of 6.86, arithmetic mean of 95.93, and mean deviation of 5.71. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | George J. Christ Sells 49,952 Shares of Altair Engineering Inc. Stock | 10/11/2024 |
2 | Disposition of 2176 shares by Gc Investments Llc of Altair Engineering at 95.3144 subject to Rule 16b-3 | 10/14/2024 |
3 | Wood Partners Brings More Attainable Housing to Texas With Altera Rayzor Ranch | 10/21/2024 |
4 | Altair Signs Definitive Agreement with Siemens to be Acquired for 10.6 Billion | 10/30/2024 |
5 | Siemens signals more acquisitions post-Altair buy, reports say | 11/04/2024 |
6 | Intel Corporation Explores Partial Sale of Altera Unit in Potential 17 Billion Deal to Unlock Capital | 11/05/2024 |
7 | Intel Stock Rises as Altera IPO Plans Accelerate | 11/06/2024 |
8 | Altair PollEx for ECAD Now Available | 11/07/2024 |
9 | SHAREHOLDER INVESTIGATION Halper Sadeh LLC Investigates ALTR, MPB, AVTE on Behalf of Shareholders | 11/08/2024 |
10 | Disposition of 360 shares by Ravi Kunju of Altair Engineering at 103.65 subject to Rule 16b-3 | 11/11/2024 |
11 | SHAREHOLDER INVESTIGATION Halper Sadeh LLC Investigates LUMO, ALTR, STAF on Behalf of Shareholders | 11/12/2024 |
12 | Altera Digital Health Joins The Sequoia Project to Advance Nationwide Data Exchange | 11/13/2024 |
13 | Altair Technology Powers Cleveland Golfs New HiBore XL Driver | 11/19/2024 |
About Altair Engineering Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Altair or other stocks. Alpha measures the amount that position in Altair Engineering has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | PFCF Ratio | 110.24 | 120.77 | 57.91 | 55.02 | Capex To Operating Cash Flow | 0.13 | 0.24 | 0.0801 | 0.0761 |
Altair Engineering Upcoming Company Events
As portrayed in its financial statements, the presentation of Altair Engineering's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Altair Engineering's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Altair Engineering's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Altair Engineering. Please utilize our Beneish M Score to check the likelihood of Altair Engineering's management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Additional 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.