Altair Resources Return On Asset vs. Cash And Equivalents

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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.
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 Cash And Equivalents vs. Return On Asset 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 return on asset category among its peers. It also is number one stock in cash and equivalents 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 Resources' earnings, one of the primary drivers of an investment's value.

Altair Cash And Equivalents vs. Return On Asset

Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Altair Resources

Return On Asset

 = 

Net Income

Total Assets

 = 
-28.25
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Altair Resources

Cash

 = 

Bank Deposits

+

Liquidities

 = 
25.13 K
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Altair Cash And Equivalents Comparison

12.3M7.1B1.3M
Altair Resources is currently under evaluation in cash and equivalents 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

In addition to having Altair Resources 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.

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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.