Altech Batteries Limited Stock Performance
| ALTHF Stock | 0.03 0.00 0.00% |
On a scale of 0 to 100, Altech Batteries holds a performance score of 5. The firm shows a Beta (market volatility) of -3.03, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Altech Batteries are expected to decrease by larger amounts. On the other hand, during market turmoil, Altech Batteries is expected to outperform it. Please check Altech Batteries' maximum drawdown, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Altech Batteries' price patterns will revert.
Risk-Adjusted Performance
5 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Altech Batteries Limited are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak technical indicators, Altech Batteries reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Altech |
Altech Batteries Relative Risk vs. Return Landscape
If you would invest 3.00 in Altech Batteries Limited on September 4, 2024 and sell it today you would earn a total of 0.18 from holding Altech Batteries Limited or generate 6.0% return on investment over 90 days. Altech Batteries Limited is currently producing 0.8964% returns and takes up 13.1422% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Altech, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Altech Batteries Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altech Batteries' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Altech Batteries Limited, and traders can use it to determine the average amount a Altech Batteries' 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 = 0.0682
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Estimated Market Risk
| 13.14 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.9 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Altech Batteries is performing at about 5% 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 Altech Batteries by adding it to a well-diversified portfolio.
Things to note about Altech Batteries performance evaluation
Checking the ongoing alerts about Altech Batteries for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Altech Batteries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altech Batteries is way too risky over 90 days horizon | |
| Altech Batteries has some characteristics of a very speculative penny stock | |
| Altech Batteries appears to be risky and price may revert if volatility continues |
- Analyzing Altech Batteries' 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 Altech Batteries' stock is overvalued or undervalued compared to its peers.
- Examining Altech Batteries' 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 Altech Batteries' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altech Batteries' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altech Batteries' pink sheet. These opinions can provide insight into Altech Batteries' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Altech Pink Sheet analysis
When running Altech Batteries' price analysis, check to measure Altech Batteries' 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 Altech Batteries is operating at the current time. Most of Altech Batteries' value examination focuses on studying past and present price action to predict the probability of Altech Batteries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altech Batteries' price. Additionally, you may evaluate how the addition of Altech Batteries to your portfolios can decrease your overall portfolio volatility.
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