Altenergy Acquisition Current Ratio vs. Beta
Considering Altenergy Acquisition's profitability and operating efficiency indicators, Altenergy Acquisition Corp may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in April. Profitability indicators assess Altenergy Acquisition's ability to earn profits and add value for shareholders.
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 income.
Please note, there is a significant difference between Altenergy Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altenergy Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altenergy Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For Altenergy Acquisition profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Altenergy Acquisition to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Altenergy Acquisition Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Altenergy Acquisition's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Altenergy Acquisition Corp over time as well as its relative position and ranking within its peers.
Altenergy |
Altenergy Acquisition Beta vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Altenergy Acquisition's current stock value. Our valuation model uses many indicators to compare Altenergy Acquisition value to that of its competitors to determine the firm's financial worth. Altenergy Acquisition Corp is rated below average in current ratio category among its peers. It is number one stock in beta category among its peers totaling about 0.03 of Beta per Current Ratio. The ratio of Current Ratio to Beta for Altenergy Acquisition Corp is roughly 37.22 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Altenergy Acquisition by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Altenergy Beta vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Altenergy Acquisition |
| = | 2.01 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Altenergy Acquisition |
| = | 0.054 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Altenergy Beta Comparison
Altenergy Acquisition is currently under evaluation in beta category among its peers.
Beta Analysis
As returns on the market increase, Altenergy Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altenergy Acquisition is expected to be smaller as well.
Altenergy Acquisition Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Altenergy Acquisition, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Altenergy Acquisition will eventually generate negative long term returns. The profitability progress is the general direction of Altenergy Acquisition's change in net profit over the period of time. It can combine multiple indicators of Altenergy Acquisition, 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.
AltEnergy Acquisition Corp. does not have significant operations. AltEnergy Acquisition Corp. was incorporated in 2021 and is based in New York, New York. Altenergy Acquisition operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange.
Altenergy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Altenergy Acquisition. 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 Altenergy Acquisition 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 Altenergy Acquisition's important profitability drivers and their relationship over time.
Use Altenergy Acquisition 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 Altenergy Acquisition 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 Altenergy Acquisition will appreciate offsetting losses from the drop in the long position's value.Altenergy Acquisition Pair Trading
Altenergy Acquisition Corp Pair Trading Analysis
The ability to find closely correlated positions to Avery Dennison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avery Dennison 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 Avery Dennison - 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 Avery Dennison Corp to buy it.
The correlation of Avery Dennison 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 Avery Dennison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avery Dennison Corp 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 Avery Dennison 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 Altenergy Acquisition position
In addition to having Altenergy Acquisition 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 Transportation Thematic Idea Now
Transportation
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Transportation theme has 61 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 Transportation Theme or any other thematic opportunities.
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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 income. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Consideration for investing in Altenergy Stock
If you are still planning to invest in Altenergy Acquisition 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 Altenergy Acquisition's history and understand the potential risks before investing.
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