Altair Resources Net Income vs. Current Ratio

AVX Stock  CAD 0.01  0.00  0.00%   
Based on Altair Resources' profitability indicators, Altair Resources may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Altair Resources' ability to earn profits and add value for shareholders.
 
Net Loss  
First Reported
2016-12-31
Previous Quarter
-137.9 K
Current Value
-118.4 K
Quarterly Volatility
504.3 K
 
Covid
For Altair Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Altair Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Altair Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Altair Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Altair Resources over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Altair Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Altair Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altair Resources' 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.

Altair Resources Current Ratio vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Altair Resources's current stock value. Our valuation model uses many indicators to compare Altair Resources value to that of its competitors to determine the firm's financial worth.
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Altair Resources is number one stock in net income category among its peers. It also is number one stock in current ratio category among its peers . At this time, Altair Resources' Net Loss is fairly stable compared to the past year. 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 Resources' earnings, one of the primary drivers of an investment's value.

Altair Current Ratio vs. Net Income

Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Altair Resources

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
(444.13 K)
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
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.

Altair Resources

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
0.03 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).

Altair Current Ratio Comparison

0.030.563.03
Altair Resources is currently under evaluation in current ratio category among its peers.

Altair Resources Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Altair Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Altair Resources will eventually generate negative long term returns. The profitability progress is the general direction of Altair Resources' change in net profit over the period of time. It can combine multiple indicators of Altair Resources, 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.
Last ReportedProjected for Next Year
Operating Income-407.2 K-427.6 K
Net Loss-444.1 K-466.3 K
Income Before Tax-444.1 K-466.3 K
Total Other Income Expense Net-3.5 K-3.7 K
Net Loss-2.8 M-2.9 M
Net Loss-444.1 K-466.3 K
Net Interest Income-33.4 K-31.8 K
Change To Netincome352.1 K220.2 K

Altair Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Altair Resources. 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 Resources 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 Resources' important profitability drivers and their relationship over time.

Use Altair Resources 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 Resources 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 Resources will appreciate offsetting losses from the drop in the long position's value.

Altair Resources Pair Trading

Altair Resources Pair Trading Analysis

The ability to find closely correlated positions to Altair Resources 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 Resources 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 Resources - 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 Resources to buy it.
The correlation of Altair Resources 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 Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Resources 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 Resources 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Altair Resources position

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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.