Altern Energy Stock Revenue
| ALTN Stock | 23.91 0.85 3.69% |
Altern Energy fundamentals help investors to digest information that contributes to Altern Energy's financial success or failures. It also enables traders to predict the movement of Altern Stock. The fundamental analysis module provides a way to measure Altern Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Altern Energy stock.
Altern |
Altern Energy Company Revenue Analysis
Altern Energy's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Altern Energy Revenue | 18.82 B |
Most of Altern Energy's fundamental indicators, such as Revenue, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Altern Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Based on the latest financial disclosure, Altern Energy reported 18.82 B of revenue. This is 375.11% higher than that of the Utilities sector and significantly higher than that of the Independent Power and Renewable Electricity Producers industry. The revenue for all Pakistan stocks is 99.43% lower than that of the firm.
Altern Energy is the top company in revenue category among its peers. Market size based on revenue of Independent Power and Renewable Electricity Producers industry is presently estimated at about 99.14 Billion. Altern Energy retains roughly 18.82 Billion in revenue claiming about 19% of equities under Independent Power and Renewable Electricity Producers industry.Altern Fundamentals
| Revenue | 18.82 B | |||
| EBITDA | 4.72 B | |||
| Net Income | 1.35 B | |||
| Cash Flow From Operations | 8.07 B | |||
| Total Asset | 29.78 B | |||
| Net Asset | 29.78 B |
About Altern Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Altern Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altern Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altern Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Altern Energy
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 Altern Energy 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 Altern Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Altern Stock
| 0.87 | OGDC | Oil and Gas | PairCorr |
| 0.95 | PSO | Pakistan State Oil | PairCorr |
| 0.89 | PPL | Pakistan Petroleum | PairCorr |
| 0.96 | ENGRO | Engro | PairCorr |
| 0.75 | LUCK | Lucky Cement | PairCorr |
The ability to find closely correlated positions to Altern Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altern Energy 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 Altern Energy - 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 Altern Energy to buy it.
The correlation of Altern Energy 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 Altern Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altern Energy 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 Altern Energy 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.Other Information on Investing in Altern Stock
Altern Energy financial ratios help investors to determine whether Altern 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 Altern with respect to the benefits of owning Altern Energy security.