Altair Operating Profit Margin from 2010 to 2024

ALTR Stock  USD 105.81  0.51  0.48%   
Altair Engineering Operating Profit Margin yearly trend continues to be relatively stable with very little volatility. Operating Profit Margin is likely to drop to 0.0004. During the period from 2010 to 2024, Altair Engineering Operating Profit Margin destribution of quarterly values had range of 0.1619 from its regression line and mean deviation of  0.03. View All Fundamentals
 
Operating Profit Margin  
First Reported
2010-12-31
Previous Quarter
0.0003966
Current Value
0.000377
Quarterly Volatility
0.04405749
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Altair Engineering financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altair Engineering's main balance sheet or income statement drivers, such as Tax Provision of 18.3 M, Interest Income of 17.7 M or Depreciation And Amortization of 23.5 M, as well as many indicators such as Price To Sales Ratio of 11.62, Dividend Yield of 0.0 or PTB Ratio of 10.01. Altair financial statements analysis is a perfect complement when working with Altair Engineering Valuation or Volatility modules.
  
Check out the analysis of Altair Engineering Correlation against competitors.
To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.

Latest Altair Engineering's Operating Profit Margin Growth Pattern

Below is the plot of the Operating Profit Margin of Altair Engineering over the last few years. It is Altair Engineering's Operating Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Altair Engineering's overall financial position and show how it may be relating to other accounts over time.
Operating Profit Margin10 Years Trend
Slightly volatile
   Operating Profit Margin   
       Timeline  

Altair Operating Profit Margin Regression Statistics

Arithmetic Mean0.02
Geometric Mean0.02
Coefficient Of Variation193.38
Mean Deviation0.03
Median0.05
Standard Deviation0.04
Sample Variance0
Range0.1619
R-Value(0.49)
Mean Square Error0
R-Squared0.24
Significance0.06
Slope(0)
Total Sum of Squares0.03

Altair Operating Profit Margin History

2024 3.77E-4
2023 3.97E-4
2022 -0.0417
2021 0.0232
2020 0.0249
2019 0.0179
2018 0.0622

About Altair Engineering Financial Statements

Altair Engineering shareholders use historical fundamental indicators, such as Operating Profit Margin, to determine how well the company is positioned to perform in the future. Although Altair Engineering investors may analyze each financial statement separately, they are all interrelated. The changes in Altair Engineering's assets and liabilities, for example, are also reflected in the revenues and expenses on on Altair Engineering's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year

Pair Trading with Altair Engineering

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

Moving together with Altair Stock

  0.87S SentinelOnePairCorr

Moving against Altair Stock

  0.69VHAI VHAIPairCorr
  0.62FAAS DigiAsia Corp Symbol ChangePairCorr
  0.61VRAR Glimpse GroupPairCorr
  0.59VRNT Verint Systems Buyout TrendPairCorr
  0.4MQ MarqetaPairCorr
The ability to find closely correlated positions to Altair Engineering 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 Engineering 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 Engineering - 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 Engineering to buy it.
The correlation of Altair Engineering 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 Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Engineering 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 Engineering 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

Additional Tools for Altair Stock Analysis

When running Altair Engineering's price analysis, check to measure Altair Engineering's 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 Engineering is operating at the current time. Most of Altair Engineering's value examination focuses on studying past and present price action to predict the probability of Altair Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altair Engineering's price. Additionally, you may evaluate how the addition of Altair Engineering to your portfolios can decrease your overall portfolio volatility.