Altair Engineering (Germany) Market Value
| 8A2 Stock | EUR 102.00 1.00 0.99% |
| Symbol | Altair |
Altair Engineering 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Altair Engineering's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Altair Engineering.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Altair Engineering on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Altair Engineering or generate 0.0% return on investment in Altair Engineering over 90 days. Altair Engineering is related to or competes with DAIRY FARM, Nufarm, Meiko Electronics, United Microelectronics, Hanison Construction, Nucletron Electronic, and UMC Electronics. Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulatio... More
Altair Engineering Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Altair Engineering's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Altair Engineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.1955 | |||
| Maximum Drawdown | 3.81 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.9901 |
Altair Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altair Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altair Engineering's standard deviation. In reality, there are many statistical measures that can use Altair Engineering historical prices to predict the future Altair Engineering's volatility.| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | 0.0178 | |||
| Total Risk Alpha | 0.1063 | |||
| Sortino Ratio | 0.1184 | |||
| Treynor Ratio | (0.55) |
Altair Engineering Backtested Returns
At this point, Altair Engineering is very steady. Altair Engineering secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Altair Engineering, which you can use to evaluate the volatility of the firm. Please confirm Altair Engineering's Risk Adjusted Performance of 0.0388, mean deviation of 0.4253, and Downside Deviation of 1.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.0021%. The firm shows a Beta (market volatility) of -0.0403, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Altair Engineering are expected to decrease at a much lower rate. During the bear market, Altair Engineering is likely to outperform the market. Altair Engineering right now shows a risk of 0.66%. Please confirm Altair Engineering jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Altair Engineering will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Altair Engineering has insignificant reverse predictability. Overlapping area represents the amount of predictability between Altair Engineering time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Altair Engineering price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Altair Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 2.81 |
Altair Engineering lagged returns against current returns
Autocorrelation, which is Altair Engineering stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Altair Engineering's stock expected returns. We can calculate the autocorrelation of Altair Engineering returns to help us make a trade decision. For example, suppose you find that Altair Engineering has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Altair Engineering regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Altair Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altair Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altair Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Altair Engineering Lagged Returns
When evaluating Altair Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altair Engineering stock have on its future price. Altair Engineering autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Altair Engineering autocorrelation shows the relationship between Altair Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Altair Engineering.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Altair Stock
When determining whether Altair Engineering is a strong investment it is important to analyze Altair Engineering's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Altair Engineering's future performance. For an informed investment choice regarding Altair Stock, refer to the following important reports:Check out Altair Engineering Correlation, Altair Engineering Volatility and Altair Engineering Alpha and Beta module to complement your research on Altair Engineering. For more detail on how to invest in Altair Stock please use our How to Invest in Altair Engineering guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Altair Engineering technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.