Altair Free Cash Flow Yield vs Average Inventory Analysis

ALTR Stock

USD 105.61 0.19 0.18%

Altair Engineering financial indicator trend analysis is way more than just evaluating Altair Engineering prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altair Engineering is a good investment. Please check the relationship between Altair Engineering Free Cash Flow Yield and its Average Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.

Free Cash Flow Yield vs Average Inventory

Free Cash Flow Yield vs Average Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altair Engineering Free Cash Flow Yield account and Average Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Altair Engineering's Free Cash Flow Yield and Average Inventory is -0.61. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Altair Engineering, assuming nothing else is changed. The correlation between historical values of Altair Engineering's Free Cash Flow Yield and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Altair Engineering are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Free Cash Flow Yield i.e., Altair Engineering's Free Cash Flow Yield and Average Inventory go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Most indicators from Altair Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altair Engineering current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.At this time, Altair Engineering's Selling General Administrative is relatively stable compared to the past year. As of 11/29/2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Issuance Of Capital Stock is likely to drop 0.00.

	2022	2023	2024 (projected)
Interest Income	4.1M	16.9M	17.7M
Tax Provision	15.2M	21.5M	18.3M

Interest Income Tax Provision

Altair Engineering fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Total Assets		0.92	0.7	0.76	0.94	0.71	0.81	0.95	0.29	-0.76	-0.49	0.77	0.92	0.99	0.81	-0.38	0.91	0.92	0.97	0.99	-0.04	0.92	0.9	0.72	0.98	-0.87
Short Long Term Debt Total	0.92		0.54	0.6	0.8	0.76	0.61	0.92	0.3	-0.51	-0.3	0.8	0.84	0.91	0.68	-0.06	0.93	0.84	0.89	0.89	-0.26	0.79	0.89	0.89	0.84	-0.78
Other Current Liab	0.7	0.54		0.81	0.65	0.47	0.74	0.63	0.14	-0.65	-0.38	0.37	0.64	0.71	0.51	-0.37	0.78	0.64	0.61	0.69	-0.12	0.61	0.64	0.26	0.7	-0.81
Total Current Liabilities	0.76	0.6	0.81		0.71	0.56	0.75	0.68	0.37	-0.86	-0.45	0.23	0.77	0.7	0.57	-0.28	0.75	0.77	0.67	0.7	-0.24	0.59	0.73	0.2	0.74	-0.83
Total Stockholder Equity	0.94	0.8	0.65	0.71		0.57	0.82	0.9	0.24	-0.85	-0.57	0.76	0.97	0.94	0.91	-0.52	0.79	0.97	0.92	0.94	0.04	0.95	0.92	0.61	0.93	-0.87
Other Liab	0.71	0.76	0.47	0.56	0.57		0.23	0.54	0.56	-0.39	-0.25	0.48	0.63	0.68	0.62	0.11	0.69	0.63	0.75	0.68	-0.55	0.49	0.73	0.7	0.61	-0.79
Net Tangible Assets	0.81	0.61	0.74	0.75	0.82	0.23		0.84	-0.08	-0.82	-0.39	0.55	0.76	0.81	0.55	-0.62	0.74	0.76	0.7	0.81	0.31	0.85	0.66	0.29	0.86	-0.63
Property Plant And Equipment Net	0.95	0.92	0.63	0.68	0.9	0.54	0.84		0.21	-0.7	-0.45	0.76	0.89	0.94	0.71	-0.34	0.9	0.89	0.9	0.93	0.05	0.89	0.87	0.73	0.92	-0.75
Current Deferred Revenue	0.29	0.3	0.14	0.37	0.24	0.56	-0.08	0.21		-0.31	-0.71	-0.05	0.35	0.23	0.5	0.04	0.18	0.35	0.42	0.23	-0.3	0.02	0.35	0.31	0.25	-0.46
Net Debt	-0.76	-0.51	-0.65	-0.86	-0.85	-0.39	-0.82	-0.7	-0.31		0.64	-0.34	-0.85	-0.72	-0.75	0.64	-0.58	-0.85	-0.72	-0.73	-0.12	-0.73	-0.74	-0.17	-0.79	0.76
Retained Earnings	-0.49	-0.3	-0.38	-0.45	-0.57	-0.25	-0.39	-0.45	-0.71	0.64		-0.24	-0.56	-0.46	-0.75	0.56	-0.24	-0.56	-0.59	-0.49	-0.24	-0.43	-0.44	-0.24	-0.55	0.55
Accounts Payable	0.77	0.8	0.37	0.23	0.76	0.48	0.55	0.76	-0.05	-0.34	-0.24		0.67	0.83	0.67	-0.31	0.68	0.67	0.79	0.83	0.1	0.86	0.69	0.84	0.76	-0.57
Cash	0.92	0.84	0.64	0.77	0.97	0.63	0.76	0.89	0.35	-0.85	-0.56	0.67		0.89	0.88	-0.39	0.82	1.0	0.89	0.88	-0.13	0.85	0.97	0.62	0.88	-0.89
Non Current Assets Total	0.99	0.91	0.71	0.7	0.94	0.68	0.81	0.94	0.23	-0.72	-0.46	0.83	0.89		0.81	-0.4	0.9	0.89	0.97	1.0	0.0	0.95	0.88	0.74	0.98	-0.85
Non Currrent Assets Other	0.81	0.68	0.51	0.57	0.91	0.62	0.55	0.71	0.5	-0.75	-0.75	0.67	0.88	0.81		-0.48	0.58	0.88	0.88	0.82	-0.02	0.8	0.83	0.6	0.81	-0.85
Other Assets	-0.38	-0.06	-0.37	-0.28	-0.52	0.11	-0.62	-0.34	0.04	0.64	0.56	-0.31	-0.39	-0.4	-0.48		-0.12	-0.39	-0.39	-0.43	-0.74	-0.55	-0.22	0.05	-0.51	0.27
Long Term Debt	0.91	0.93	0.78	0.75	0.79	0.69	0.74	0.9	0.18	-0.58	-0.24	0.68	0.82	0.9	0.58	-0.12		0.82	0.82	0.87	-0.26	0.77	0.87	0.71	0.84	-0.83
Cash And Short Term Investments	0.92	0.84	0.64	0.77	0.97	0.63	0.76	0.89	0.35	-0.85	-0.56	0.67	1.0	0.89	0.88	-0.39	0.82		0.89	0.88	-0.13	0.85	0.97	0.62	0.88	-0.89
Net Receivables	0.97	0.89	0.61	0.67	0.92	0.75	0.7	0.9	0.42	-0.72	-0.59	0.79	0.89	0.97	0.88	-0.39	0.82	0.89		0.98	-0.01	0.9	0.87	0.77	0.96	-0.86
Good Will	0.99	0.89	0.69	0.7	0.94	0.68	0.81	0.93	0.23	-0.73	-0.49	0.83	0.88	1.0	0.82	-0.43	0.87	0.88	0.98		0.04	0.96	0.86	0.72	0.99	-0.85
Common Stock Total Equity	-0.04	-0.26	-0.12	-0.24	0.04	-0.55	0.31	0.05	-0.3	-0.12	-0.24	0.1	-0.13	0.0	-0.02	-0.74	-0.26	-0.13	-0.01	0.04		0.21	-0.3	-0.2	0.13	0.34
Common Stock Shares Outstanding	0.92	0.79	0.61	0.59	0.95	0.49	0.85	0.89	0.02	-0.73	-0.43	0.86	0.85	0.95	0.8	-0.55	0.77	0.85	0.9	0.96	0.21		0.8	0.63	0.95	-0.74
Long Term Debt Total	0.9	0.89	0.64	0.73	0.92	0.73	0.66	0.87	0.35	-0.74	-0.44	0.69	0.97	0.88	0.83	-0.22	0.87	0.97	0.87	0.86	-0.3	0.8		0.71	0.82	-0.92
Non Current Liabilities Total	0.72	0.89	0.26	0.2	0.61	0.7	0.29	0.73	0.31	-0.17	-0.24	0.84	0.62	0.74	0.6	0.05	0.71	0.62	0.77	0.72	-0.2	0.63	0.71		0.64	-0.57
Capital Surpluse	0.98	0.84	0.7	0.74	0.93	0.61	0.86	0.92	0.25	-0.79	-0.55	0.76	0.88	0.98	0.81	-0.51	0.84	0.88	0.96	0.99	0.13	0.95	0.82	0.64		-0.82
Inventory	-0.87	-0.78	-0.81	-0.83	-0.87	-0.79	-0.63	-0.75	-0.46	0.76	0.55	-0.57	-0.89	-0.85	-0.85	0.27	-0.83	-0.89	-0.86	-0.85	0.34	-0.74	-0.92	-0.57	-0.82

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Altair Engineering Account Relationship Matchups

Altair Engineering fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	743.1M	829.9M	1.2B	1.2B	1.4B	800.3M
Short Long Term Debt Total	208.0M	253.7M	229.2M	340.1M	338.8M	191.9M
Other Current Liab	59.3M	39.1M	244.1M	189.5M	65.0M	97.2M
Total Current Liabilities	152.9M	200.8M	474.0M	232.7M	324.1M	246.7M
Total Stockholder Equity	357.1M	379.4M	614.0M	569.7M	711.3M	746.9M
Other Liab	37.2M	37.6M	56.6M	72.6M	83.5M	50.1M
Net Tangible Assets	53.9M	38.8M	144.0M	13.1M	15.0M	10.1M
Property Plant And Equipment Net	64.4M	69.9M	69.0M	71.1M	70.6M	56.4M
Current Deferred Revenue	75.4M	86.8M	93.2M	113.1M	136.4M	108.9M
Net Debt	(15.1M)	12.5M	(184.6M)	23.9M	(128.6M)	(122.2M)
Retained Earnings	(82.4M)	(93.3M)	(102.1M)	(121.6M)	(130.5M)	(137.0M)
Accounts Payable	8.6M	8.6M	6.6M	10.4M	9.0M	8.3M
Cash	223.1M	241.2M	413.7M	316.1M	467.5M	490.8M
Non Current Assets Total	390.7M	443.0M	575.1M	677.9M	662.9M	427.1M
Non Currrent Assets Other	9.7M	15.1M	19.6M	32.7M	40.7M	42.7M
Other Assets	25.5M	66.0M	36.8M	50.1M	45.1M	35.7M
Long Term Debt	31.4M	178.2M	188.7M	305.6M	225.9M	147.7M
Cash And Short Term Investments	223.1M	241.2M	413.7M	316.1M	467.5M	490.8M
Net Receivables	112.2M	124.6M	137.6M	172.6M	190.5M	132.5M
Good Will	233.7M	264.5M	370.2M	449.0M	458.1M	258.5M
Common Stock Shares Outstanding	71.5M	73.2M	76.2M	79.5M	80.6M	74.4M
Long Term Debt Total	31.4M	178.2M	188.7M	305.6M	351.4M	369.0M
Liabilities And Stockholders Equity	743.1M	829.9M	1.2B	1.2B	1.4B	800.3M
Non Current Liabilities Total	233.2M	249.8M	75.3M	402.3M	328.1M	198.3M
Capital Surpluse	446.6M	474.7M	724.2M	721.3M	829.5M	420.8M
Inventory	2.0M	2.4M	1.0	(21.8M)	(19.6M)	(18.6M)
Other Current Assets	17.1M	16M	20.7M	60.6M	26.1M	22.1M
Other Stockholder Equity	444.3M	475.5M	725.0M	721.3M	864.1M	479.6M
Total Liab	386.1M	450.5M	549.3M	635.0M	652.2M	445.1M
Property Plant And Equipment Gross	64.4M	69.9M	69.0M	71.1M	125.1M	63.1M
Short Long Term Debt	430K	30.4M	199.7M	81.5M	93.7M	98.4M
Total Current Assets	352.5M	386.9M	588.2M	526.8M	700.6M	373.3M
Accumulated Other Comprehensive Income	(9.5M)	(2.8M)	(9.0M)	(30.0M)	(22.3M)	(21.2M)
Short Term Debt	9.6M	51.0M	209.6M	10.4M	90.3M	48.4M
Intangible Assets	67.1M	76.1M	99.1M	107.6M	83.6M	67.0M
Property Plant Equipment	64.4M	36.3M	69.0M	37.5M	43.1M	44.5M
Non Current Liabilities Other	10.0M	61.1M	42.9M	41.2M	2.2M	2.1M
Retained Earnings Total Equity	(82.4M)	(93.3M)	(102.1M)	(121.6M)	(109.4M)	(114.9M)

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

0.86

SentinelOne

Pair Corr

Moving against Altair Stock

0.7	VRAR	Glimpse Group	Pair Corr
0.63	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.56	VHAI	VHAI	Pair Corr
0.53	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.37	MQ	Marqeta Potential Growth	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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