Altair Earnings Yield from 2010 to 2024
| ALTR Stock | USD 105.61 0.19 0.18% |
Earnings Yield | First Reported 2010-12-31 | Previous Quarter (0) | Current Value (0) | Quarterly Volatility 0.02305862 |
Check Altair Engineering financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altair Engineering's main balance sheet or income statement drivers, such as Tax Provision of 18.3 M, Interest Income of 17.7 M or Depreciation And Amortization of 23.5 M, as well as many indicators such as Price To Sales Ratio of 11.62, Dividend Yield of 0.0 or PTB Ratio of 10.01. Altair financial statements analysis is a perfect complement when working with Altair Engineering Valuation or Volatility modules.
Altair | Earnings Yield |
Latest Altair Engineering's Earnings Yield Growth Pattern
Below is the plot of the Earnings Yield of Altair Engineering over the last few years. It is the inverse of the price-to-earnings ratio, representing the percentage of each dollar invested in the stock that was earned by the company. Altair Engineering's Earnings Yield historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Altair Engineering's overall financial position and show how it may be relating to other accounts over time.
| Earnings Yield | 10 Years Trend |
|
Earnings Yield |
| Timeline |
Altair Earnings Yield Regression Statistics
| Arithmetic Mean | (0.0008) | |
| Coefficient Of Variation | (2,937) | |
| Mean Deviation | 0.01 | |
| Median | 0.01 | |
| Standard Deviation | 0.02 | |
| Sample Variance | 0.0005 | |
| Range | 0.0911 | |
| R-Value | (0.29) | |
| Mean Square Error | 0.0005 | |
| R-Squared | 0.09 | |
| Significance | 0.29 | |
| Slope | (0) | |
| Total Sum of Squares | 0.01 |
Altair Earnings Yield History
About Altair Engineering Financial Statements
Altair Engineering shareholders use historical fundamental indicators, such as Earnings Yield, to determine how well the company is positioned to perform in the future. Although Altair Engineering investors may analyze each financial statement separately, they are all interrelated. The changes in Altair Engineering's assets and liabilities, for example, are also reflected in the revenues and expenses on on Altair Engineering's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year |
Pair Trading with Altair Engineering
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 Engineering 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 Engineering will appreciate offsetting losses from the drop in the long position's value.Moving together with Altair Stock
Moving against Altair Stock
| 0.7 | VRAR | Glimpse Group | PairCorr |
| 0.63 | VRNT | Verint Systems Earnings Call This Week | PairCorr |
| 0.56 | VHAI | VHAI | PairCorr |
| 0.53 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
| 0.37 | MQ | Marqeta Potential Growth | PairCorr |
The ability to find closely correlated positions to Altair Engineering 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 Engineering 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 Engineering - 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 Engineering to buy it.
The correlation of Altair Engineering 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 Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Engineering 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 Engineering 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.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.