Altus Price Earnings Ratio from 2010 to 2024

AIF Stock  CAD 60.80  1.11  1.86%   
Altus Group Price Earnings Ratio yearly trend continues to be very stable with very little volatility. Price Earnings Ratio is likely to grow to 193.72 this year. During the period from 2010 to 2024, Altus Group Price Earnings Ratio quarterly data regression pattern had sample variance of  480,976 and median of  69.91. View All Fundamentals
 
Price Earnings Ratio  
First Reported
2010-12-31
Previous Quarter
184.49398202
Current Value
193.72
Quarterly Volatility
693.52433433
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Altus Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altus Group's main balance sheet or income statement drivers, such as Depreciation And Amortization of 32.3 M, Interest Expense of 23.3 M or Total Revenue of 390.5 M, as well as many indicators such as Price To Sales Ratio of 1.63, Dividend Yield of 0.0134 or PTB Ratio of 2.98. Altus financial statements analysis is a perfect complement when working with Altus Group Valuation or Volatility modules.
  
This module can also supplement various Altus Group Technical models . Check out the analysis of Altus Group Correlation against competitors.

Pair Trading with Altus Group

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 Altus Group 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 Altus Group will appreciate offsetting losses from the drop in the long position's value.

Moving against Altus Stock

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The ability to find closely correlated positions to Altus Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altus Group 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 Altus Group - 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 Altus Group Limited to buy it.
The correlation of Altus Group 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 Altus Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altus Group Limited 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 Altus Group 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

Other Information on Investing in Altus Stock

Altus Group financial ratios help investors to determine whether Altus Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Altus with respect to the benefits of owning Altus Group security.