Altitude Acquisition Beta vs. EBITDA
| ALTUWDelisted Stock | USD 0.05 0.01 36.99% |
For Altitude Acquisition profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Altitude Acquisition to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Altitude Acquisition Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Altitude Acquisition's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Altitude Acquisition Corp over time as well as its relative position and ranking within its peers.
Altitude |
Altitude Acquisition Corp EBITDA vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Altitude Acquisition's current stock value. Our valuation model uses many indicators to compare Altitude Acquisition value to that of its competitors to determine the firm's financial worth. Altitude Acquisition Corp is rated second in beta category among its peers. It is rated fourth in ebitda category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Altitude 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.Altitude EBITDA vs. Beta
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.
Altitude Acquisition |
| = | -0.02 |
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.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Altitude Acquisition |
| = | (15.41 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Altitude EBITDA Comparison
Altitude Acquisition is currently under evaluation in ebitda category among its peers.
Beta Analysis
As returns on the market increase, returns on owning Altitude Acquisition are expected to decrease at a much lower rate. During the bear market, Altitude Acquisition is likely to outperform the market.
Altitude Acquisition Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Altitude Acquisition, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Altitude Acquisition will eventually generate negative long term returns. The profitability progress is the general direction of Altitude Acquisition's change in net profit over the period of time. It can combine multiple indicators of Altitude 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.
The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2020 and is based in Atlanta, Georgia. Altitude Acquisition is traded on NASDAQ Exchange in the United States.
Altitude Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Altitude 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 Altitude 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 Altitude Acquisition's important profitability drivers and their relationship over time.
Use Altitude 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 Altitude 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 Altitude Acquisition will appreciate offsetting losses from the drop in the long position's value.Altitude Acquisition Pair Trading
Altitude Acquisition Corp Pair Trading Analysis
The ability to find closely correlated positions to Altitude Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altitude Acquisition 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 Altitude Acquisition - 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 Altitude Acquisition Corp to buy it.
The correlation of Altitude Acquisition 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 Altitude Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altitude Acquisition 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 Altitude Acquisition 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 Altitude Acquisition position
In addition to having Altitude 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 Small Blend Funds Thematic Idea Now
Small Blend Funds
Fund or Etfs that invest in stocks of small to mid-sized entities that have characteristics of both growth and value companies. The Small Blend Funds theme has 40 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 Small Blend Funds 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 employment. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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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