Altern Energy (Pakistan) Performance
| ALTN Stock | 23.91 0.85 3.69% |
On a scale of 0 to 100, Altern Energy holds a performance score of 22. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altern Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altern Energy is expected to be smaller as well. Please check Altern Energy's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Altern Energy's price patterns will revert.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Altern Energy are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Altern Energy sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 1.5 B | |
| Free Cash Flow | 8.1 B |
Altern |
Altern Energy Relative Risk vs. Return Landscape
If you would invest 1,640 in Altern Energy on October 8, 2024 and sell it today you would earn a total of 666.00 from holding Altern Energy or generate 40.61% return on investment over 90 days. Altern Energy is generating 0.5612% of daily returns and assumes 1.9801% volatility on return distribution over the 90 days horizon. Simply put, 17% of stocks are less volatile than Altern, and 89% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Altern Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altern Energy's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Altern Energy, and traders can use it to determine the average amount a Altern Energy'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 = 0.2834
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Estimated Market Risk
| 1.98 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Altern Energy is performing at about 22% 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 Altern Energy by adding it to a well-diversified portfolio.
Altern Energy Fundamentals Growth
Altern Stock prices reflect investors' perceptions of the future prospects and financial health of Altern Energy, and Altern Energy 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 Altern Stock performance.
| Revenue | 18.82 B | |||
| EBITDA | 4.72 B | |||
| Cash Flow From Operations | 8.07 B | |||
| Total Asset | 29.78 B | |||
About Altern Energy Performance
By analyzing Altern Energy's fundamental ratios, stakeholders can gain valuable insights into Altern Energy's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Altern Energy 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 Altern Energy has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about Altern Energy performance evaluation
Checking the ongoing alerts about Altern Energy for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Altern Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Altern Energy's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Altern Energy's stock performance include:- Analyzing Altern Energy'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 Altern Energy's stock is overvalued or undervalued compared to its peers.
- Examining Altern Energy'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 Altern Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altern Energy's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altern Energy's stock. These opinions can provide insight into Altern Energy's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Altern Stock analysis
When running Altern Energy's price analysis, check to measure Altern Energy'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 Altern Energy is operating at the current time. Most of Altern Energy's value examination focuses on studying past and present price action to predict the probability of Altern Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altern Energy's price. Additionally, you may evaluate how the addition of Altern Energy to your portfolios can decrease your overall portfolio volatility.
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