Altex Industries Stock Price on July 25, 2024
| ALTX Stock | USD 0.30 0.06 25.00% |
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 0.30, as last reported on the 18th of December 2024, with the highest price reaching 0.30 and the lowest price hitting 0.30 during the day. Altex Industries appears to be out of control, given 3 months investment horizon. Altex Industries secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing Altex Industries' technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Altex Industries' Risk Adjusted Performance of 0.0419, mean deviation of 2.32, and Standard Deviation of 6.05 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.
Altex |
Sharpe Ratio = 0.143
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Estimated Market Risk
| 5.44 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.78 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Altex Industries is performing at about 11% 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 July 25, 2024
It is possible to determine the worth of Altex Industries on a given historical date. On July 25, 2024 Altex was worth 0.22 at the beginning of the trading date compared to the closed value of 0.22. 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 | |
| 0.22 | 0.22 | 0.22 | 0.22 | 5,000 | |
07/25/2024 | 0.22 | 0.22 | 0.22 | 0.22 | 1.00 |
| 0.23 | 0.24 | 0.23 | 0.24 | 1,200 |
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Altex Industries Trading Date Momentum on July 25, 2024
| On July 26 2024 Altex Industries was traded for 0.24 at the closing time. The top price for the day was 0.24 and the lowest listed price was 0.23 . The trading volume for the day was 1.2 K. The trading history from July 26, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 9.09% . The overall trading delta against the current closing price is 9.09% . |
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.
Price Boundaries
Altex Industries Period Price Range
Low | December 18, 2024
| High |
0.00 | 0.00 |
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Altex Industries December 18, 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.
| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.2979 | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.49) |
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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.