ALTAIR RES Earnings Per Share vs. Shares Outstanding
| 90AA Stock | EUR 0.0005 0.00 0.00% |
For ALTAIR RES profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ALTAIR RES to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ALTAIR RES INC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ALTAIR RES's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ALTAIR RES INC over time as well as its relative position and ranking within its peers.
ALTAIR |
ALTAIR RES INC Shares Outstanding vs. Earnings Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ALTAIR RES's current stock value. Our valuation model uses many indicators to compare ALTAIR RES value to that of its competitors to determine the firm's financial worth. ALTAIR RES INC is rated third in earnings per share category among its peers. It also is rated third in shares outstanding category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ALTAIR RES's earnings, one of the primary drivers of an investment's value.ALTAIR Shares Outstanding vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
ALTAIR RES |
| = | (0.03) X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
ALTAIR RES |
| = | 56.67 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
ALTAIR Shares Outstanding Comparison
ALTAIR RES is rated second in shares outstanding category among its peers.
ALTAIR RES Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ALTAIR RES, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ALTAIR RES will eventually generate negative long term returns. The profitability progress is the general direction of ALTAIR RES's change in net profit over the period of time. It can combine multiple indicators of ALTAIR RES, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Altair Resources Inc. focuses on identifying and evaluating potential mineral interest acquisitions or other business opportunities. Altair Resources Inc. was incorporated in 2005 and is headquartered in Vancouver, Canada. ALTAIR RES operates under Other Industrial Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange.
ALTAIR Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ALTAIR RES. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ALTAIR RES position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ALTAIR RES's important profitability drivers and their relationship over time.
Use ALTAIR RES in pair-trading
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 RES 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 RES will appreciate offsetting losses from the drop in the long position's value.ALTAIR RES Pair Trading
ALTAIR RES INC Pair Trading Analysis
The ability to find closely correlated positions to ALTAIR RES 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 RES 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 RES - 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 RES INC to buy it.
The correlation of ALTAIR RES 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 RES moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ALTAIR RES INC 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 RES 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.Use Investing Themes to Complement your ALTAIR RES position
In addition to having ALTAIR RES in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Insurance Providers Thematic Idea Now
Insurance Providers
Companies providing all types of insurance and insurance services. The Insurance Providers theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Insurance Providers Theme or any other thematic opportunities.
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Other Information on Investing in ALTAIR Stock
To fully project ALTAIR RES's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ALTAIR RES INC at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ALTAIR RES's income statement, its balance sheet, and the statement of cash flows.