Altair Resources Stock Performance
| AVX Stock | CAD 0.01 0.00 0.00% |
The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Altair Resources are completely uncorrelated.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Altair Resources has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Altair Resources is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
Last Split Factor 1:4 | Dividend Date 2018-09-28 | Last Split Date 2018-09-28 |
1 | Is Altair Engineering Stock Outpacing Its Construction Peers This Year - Nasdaq | 12/10/2024 |
2 | Acquisition of High-Grade Venatica Copper Project - Investing News Network | 02/03/2025 |
3 | Altair LTTS launches 5G-6G wireless excellence to accelerate across sectors - BusinessLine | 02/12/2025 |
| Begin Period Cash Flow | 5019.00 |
Altair |
Altair Resources Relative Risk vs. Return Landscape
If you would invest 1.00 in Altair Resources on November 29, 2024 and sell it today you would earn a total of 0.00 from holding Altair Resources or generate 0.0% return on investment over 90 days. Altair Resources is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded stocks are less volatile than Altair, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Altair Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altair Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Altair Resources, and traders can use it to determine the average amount a Altair Resources' 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 Altair Resources 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 Altair Resources by adding Altair Resources to a well-diversified portfolio.
Altair Resources Fundamentals Growth
Altair Stock prices reflect investors' perceptions of the future prospects and financial health of Altair Resources, and Altair Resources 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 Altair Stock performance.
| Return On Asset | -28.25 | ||||
| Current Valuation | 408.5 K | ||||
| Shares Outstanding | 57.27 M | ||||
| Price To Earning | (1.76) X | ||||
| Price To Book | 7.17 X | ||||
| EBITDA | (387.42 K) | ||||
| Net Income | (444.13 K) | ||||
| Cash And Equivalents | 25.13 K | ||||
| Total Debt | 2.43 M | ||||
| Debt To Equity | 195.50 % | ||||
| Book Value Per Share | (0.04) X | ||||
| Cash Flow From Operations | (159.27 K) | ||||
| Total Asset | 7.7 K | ||||
| Retained Earnings | (24.81 M) | ||||
About Altair Resources Performance
Evaluating Altair Resources' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Altair Resources 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 Altair Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Altair Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. Altair Resources Inc. was founded in 2005 and is headquartered in Vancouver, Canada. ALTAIR RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.Things to note about Altair Resources performance evaluation
Checking the ongoing alerts about Altair Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Altair Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altair Resources generated a negative expected return over the last 90 days | |
| Altair Resources has some characteristics of a very speculative penny stock | |
| Altair Resources has high likelihood to experience some financial distress in the next 2 years | |
| Altair Resources has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Altair Resources has accumulated 2.43 M in total debt with debt to equity ratio (D/E) of 195.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Altair Resources has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Altair Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Altair Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Altair Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altair to invest in growth at high rates of return. When we think about Altair Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (444.13 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Altair Resources has accumulated about 25.13 K in cash with (159.27 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Altair LTTS launches 5G-6G wireless excellence to accelerate across sectors - BusinessLine |
- Analyzing Altair Resources' 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 Altair Resources' stock is overvalued or undervalued compared to its peers.
- Examining Altair Resources' 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 Altair Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altair Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altair Resources' stock. These opinions can provide insight into Altair Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Altair Stock Analysis
When running Altair Resources' price analysis, check to measure Altair Resources' 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 Resources is operating at the current time. Most of Altair Resources' value examination focuses on studying past and present price action to predict the probability of Altair Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altair Resources' price. Additionally, you may evaluate how the addition of Altair Resources to your portfolios can decrease your overall portfolio volatility.