ALTAIR RES (Germany) Performance
| 90AA Stock | EUR 0.0005 0.00 0.00% |
The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and ALTAIR RES are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days ALTAIR RES INC has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, ALTAIR RES is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
ALTAIR |
ALTAIR RES Relative Risk vs. Return Landscape
If you would invest 0.05 in ALTAIR RES INC on September 2, 2024 and sell it today you would earn a total of 0.00 from holding ALTAIR RES INC or generate 0.0% return on investment over 90 days. ALTAIR RES INC is producing return of less than zero assuming 0.0% volatility of returns over the 90 days investment horizon. Simply put, 0% of all stocks have less volatile historical return distribution than ALTAIR RES, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ALTAIR RES Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALTAIR RES's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as ALTAIR RES INC, and traders can use it to determine the average amount a ALTAIR RES's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average ALTAIR RES is not performing at its full potential. However, 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 ALTAIR RES by adding ALTAIR RES to a well-diversified portfolio.
ALTAIR RES Fundamentals Growth
ALTAIR Stock prices reflect investors' perceptions of the future prospects and financial health of ALTAIR RES, and ALTAIR RES fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ALTAIR Stock performance.
| Return On Asset | -1.93 | |||
| Shares Outstanding | 56.67 M | |||
| EBITDA | (227.22 K) | |||
| Cash And Equivalents | 12.43 K | |||
| Total Debt | 12 K | |||
| Book Value Per Share | (0.04) X | |||
| Cash Flow From Operations | (181.57 K) | |||
| Earnings Per Share | (0.03) X | |||
About ALTAIR RES Performance
By analyzing ALTAIR RES's fundamental ratios, stakeholders can gain valuable insights into ALTAIR RES's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ALTAIR RES has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if ALTAIR RES has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Altair Resources Inc. focuses on identifying and evaluating potential mineral interest acquisitions or other business opportunities. Altair Resources Inc. was incorporated in 2005 and is headquartered in Vancouver, Canada. ALTAIR RES operates under Other Industrial Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange.Things to note about ALTAIR RES INC performance evaluation
Checking the ongoing alerts about ALTAIR RES for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for ALTAIR RES INC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| ALTAIR RES INC generated a negative expected return over the last 90 days | |
| ALTAIR RES INC has some characteristics of a very speculative penny stock | |
| ALTAIR RES INC has accumulated 12 K in total debt. ALTAIR RES INC has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist ALTAIR RES until it has trouble settling it off, either with new capital or with free cash flow. So, ALTAIR RES's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ALTAIR RES INC sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ALTAIR to invest in growth at high rates of return. When we think about ALTAIR RES's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (628.14 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| ALTAIR RES INC has accumulated about 12.43 K in cash with (181.57 K) of positive cash flow from operations. |
- Analyzing ALTAIR RES's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether ALTAIR RES's stock is overvalued or undervalued compared to its peers.
- Examining ALTAIR RES's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating ALTAIR RES's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ALTAIR RES's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of ALTAIR RES's stock. These opinions can provide insight into ALTAIR RES's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for ALTAIR Stock analysis
When running ALTAIR RES's price analysis, check to measure ALTAIR RES'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 RES is operating at the current time. Most of ALTAIR RES's value examination focuses on studying past and present price action to predict the probability of ALTAIR RES'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 RES's price. Additionally, you may evaluate how the addition of ALTAIR RES to your portfolios can decrease your overall portfolio volatility.
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