Altitude Acquisition Corp Performance
| ALTUDelisted Stock | USD 10.05 0.04 0.40% |
The firm shows a Beta (market volatility) of 0.0098, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altitude Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altitude Acquisition is expected to be smaller as well. Altitude Acquisition Corp right now shows a risk of 0.0%. Please confirm Altitude Acquisition Corp treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Altitude Acquisition Corp will be following its price patterns.
Risk-Adjusted Performance
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Over the last 90 days Altitude Acquisition Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Altitude Acquisition is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| Begin Period Cash Flow | 24.3 K |
Altitude |
Altitude Acquisition Relative Risk vs. Return Landscape
If you would invest 1,005 in Altitude Acquisition Corp on September 21, 2024 and sell it today you would earn a total of 0.00 from holding Altitude Acquisition Corp or generate 0.0% return on investment over 90 days. Altitude Acquisition Corp is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of stocks are less volatile than Altitude, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Altitude Acquisition Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altitude Acquisition's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Altitude Acquisition Corp, and traders can use it to determine the average amount a Altitude Acquisition'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 = 0.0
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Based on monthly moving average Altitude Acquisition is not performing at its full potential. However, 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 Altitude Acquisition by adding Altitude Acquisition to a well-diversified portfolio.
Altitude Acquisition Fundamentals Growth
Altitude Stock prices reflect investors' perceptions of the future prospects and financial health of Altitude Acquisition, and Altitude Acquisition 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 Altitude Stock performance.
| Return On Asset | -0.0879 | |||
| Current Valuation | 85.91 M | |||
| Shares Outstanding | 8.48 M | |||
| Price To Earning | 31.97 X | |||
| Price To Book | 3.93 X | |||
| EBITDA | (15.41 M) | |||
| Cash And Equivalents | 164.25 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 275 K | |||
| Book Value Per Share | (2.51) X | |||
| Cash Flow From Operations | (615.72 K) | |||
| Total Asset | 16.98 M | |||
| Retained Earnings | (18.83 M) | |||
About Altitude Acquisition Performance
Assessing Altitude Acquisition's fundamental ratios provides investors with valuable insights into Altitude Acquisition's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Altitude Acquisition is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Altitude Acquisition Corp. does not have significant operations. The company was incorporated in 2020 and is based in Atlanta, Georgia. Altitude Acquisition operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange.Things to note about Altitude Acquisition Corp performance evaluation
Checking the ongoing alerts about Altitude Acquisition for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Altitude Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altitude Acquisition is not yet fully synchronised with the market data | |
| Altitude Acquisition has a very high chance of going through financial distress in the upcoming years | |
| Altitude Acquisition Corp currently holds 275 K in liabilities. Altitude Acquisition Corp has a current ratio of 0.19, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Altitude Acquisition's use of debt, we should always consider it together with its cash and equity. | |
| Net Loss for the year was (3.97 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Altitude Acquisition Corp currently holds about 164.25 K in cash with (615.72 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 88.0% of the company shares are held by company insiders |
- Analyzing Altitude Acquisition'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 Altitude Acquisition's stock is overvalued or undervalued compared to its peers.
- Examining Altitude Acquisition'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 Altitude Acquisition's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altitude Acquisition's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altitude Acquisition's stock. These opinions can provide insight into Altitude Acquisition's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios. 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. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Other Consideration for investing in Altitude Stock
If you are still planning to invest in Altitude Acquisition Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Altitude Acquisition's history and understand the potential risks before investing.
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