Altex Industries Stock Performance
| ALTX Stock | USD 0.30 0.06 25.00% |
On a scale of 0 to 100, Altex Industries holds a performance score of 11. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Altex Industries are expected to decrease at a much lower rate. During the bear market, Altex Industries is likely to outperform the market. Please check Altex Industries' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to make a quick decision on whether Altex Industries' price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Altex Industries are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, Altex Industries showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 2 M |
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Altex Industries Relative Risk vs. Return Landscape
If you would invest 20.00 in Altex Industries on September 18, 2024 and sell it today you would earn a total of 10.00 from holding Altex Industries or generate 50.0% return on investment over 90 days. Altex Industries is currently generating 0.7653% in daily expected returns and assumes 5.3932% risk (volatility on return distribution) over the 90 days horizon. In different words, 48% of pink sheets are less volatile than Altex, and 85% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Altex Industries Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altex Industries' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Altex Industries, and traders can use it to determine the average amount a Altex Industries' 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 = 0.1419
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Estimated Market Risk
| 5.39 actual daily | 47 53% of assets are more volatile |
Expected Return
| 0.77 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 Fundamentals Growth
Altex Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Altex Industries, and Altex Industries 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 Altex Pink Sheet performance.
| Return On Equity | 0.23 | |||
| Return On Asset | -0.0663 | |||
| Profit Margin | 10.04 % | |||
| Operating Margin | (9.76) % | |||
| Current Valuation | (1.33 M) | |||
| Shares Outstanding | 11.52 M | |||
| Price To Earning | 3.23 X | |||
| Price To Book | 0.72 X | |||
| Price To Sales | 18.26 X | |||
| Revenue | 36 K | |||
| EBITDA | 322 K | |||
| Cash And Equivalents | 2.39 M | |||
| Cash Per Share | 0.20 X | |||
| Total Debt | 77 K | |||
| Debt To Equity | 0.06 % | |||
| Book Value Per Share | 0.10 X | |||
| Cash Flow From Operations | (129 K) | |||
| Earnings Per Share | 0.02 X | |||
| Total Asset | 2.49 M | |||
| Retained Earnings | (11.72 M) | |||
| Current Asset | 2.72 M | |||
| Current Liabilities | 627 K | |||
About Altex Industries Performance
Evaluating Altex Industries' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Altex Industries 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 Altex Industries has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Altex Industries performance evaluation
Checking the ongoing alerts about Altex Industries for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Altex Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altex Industries is way too risky over 90 days horizon | |
| Altex Industries has some characteristics of a very speculative penny stock | |
| Altex Industries appears to be risky and price may revert if volatility continues | |
| Altex Industries currently holds about 2.39 M in cash with (129 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2. | |
| Roughly 63.0% of the company shares are held by company insiders |
- Analyzing Altex Industries' 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 Altex Industries' stock is overvalued or undervalued compared to its peers.
- Examining Altex Industries' 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 Altex Industries' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altex Industries' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altex Industries' pink sheet. These opinions can provide insight into Altex Industries' potential for growth and whether the stock is currently undervalued or overvalued.
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.