Altex Industries Stock Price on April 1, 2024

ALTX Stock  USD 0.24  0.02  7.69%   
If you're considering investing in Altex Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Altex Industries stands at 0.24, as last reported on the 20th of December, with the highest price reaching 0.24 and the lowest price hitting 0.24 during the day. Altex Industries appears to be out of control, given 3 months investment horizon. Altex Industries secures Sharpe Ratio (or Efficiency) of 0.0763, which signifies that the company had a 0.0763% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Altex Industries, which you can use to evaluate the volatility of the firm. Please makes use of Altex Industries' Mean Deviation of 2.29, standard deviation of 5.68, and Risk Adjusted Performance of 0.0678 to double-check if our risk estimates are consistent with your expectations.
  
Altex Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0763

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Estimated Market Risk

 5.81
  actual daily
51
51% of assets are less volatile

Expected Return

 0.44
  actual daily
8
92% of assets have higher returns

Risk-Adjusted Return

 0.08
  actual daily
6
94% of assets perform better
Based on monthly moving average Altex Industries is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Altex Industries by adding it to a well-diversified portfolio.

Altex Industries Valuation on April 1, 2024

It is possible to determine the worth of Altex Industries on a given historical date. On April 1, 2024 Altex was worth 0.26 at the beginning of the trading date compared to the closed value of 0.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Altex Industries pink sheet. Still, in general, we apply an absolute valuation method to find Altex Industries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Altex Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Altex Industries' related companies.
 Open High Low Close Volume
  0.26    0.26    0.26    0.26    3,600  
04/01/2024
  0.26    0.26    0.26    0.26    1.00  
  0.26    0.26    0.26    0.26    1.00  
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Open Value
0.26
0.26
Closing Value
17.70
Upside

Altex Industries Trading Date Momentum on April 1, 2024

On April 02 2024 Altex Industries was traded for  0.26  at the closing time. The top price for the day was 0.26  and the lowest listed price was  0.26 . There was no trading activity during the period 1.0. Lack of trading volume on April 2, 2024 did not affect price variability. The overall trading delta against the current closing price is 3.85% .
JavaScript chart by amCharts 3.21.1504/01/2024Mar 22Mar 25Mar 28Mar 31AprApr 06Apr 090.2300.2350.2400.2450.2500.2550.260

Altex Industries Fundamentals Correlations and Trends

By evaluating Altex Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Altex Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Altex financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Altex Industries Pink Sheet history

Altex Industries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Altex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Altex Industries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Altex Industries stock prices may prove useful in developing a viable investing in Altex Industries
Altex Industries, Inc., through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company was incorporated in 1985 and is based in Denver, Colorado. Altex Industries operates under Oil Gas EP classification in the United States and is traded on OTC Exchange.

Altex Industries Pink Sheet Technical Analysis

Altex Industries technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Altex Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Altex Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Altex Industries Period Price Range

Low
December 20, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Altex Industries cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Altex Industries December 20, 2024 Market Strength

Market strength indicators help investors to evaluate how Altex Industries pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altex Industries shares will generate the highest return on investment. By undertsting and applying Altex Industries pink sheet market strength indicators, traders can identify Altex Industries entry and exit signals to maximize returns

Altex Industries Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Altex Industries' price direction in advance. Along with the technical and fundamental analysis of Altex Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Altex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for Altex Pink Sheet Analysis

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