ALTAIR RES Net Income vs. Z Score
| 90AA Stock | EUR 0.0005 0.00 0.00% |
For ALTAIR RES profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ALTAIR RES to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ALTAIR RES INC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ALTAIR RES's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ALTAIR RES INC over time as well as its relative position and ranking within its peers.
ALTAIR |
ALTAIR RES INC Z Score vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ALTAIR RES's current stock value. Our valuation model uses many indicators to compare ALTAIR RES value to that of its competitors to determine the firm's financial worth. ALTAIR RES INC is number one stock in net income category among its peers. It also is number one stock in z score category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ALTAIR RES's earnings, one of the primary drivers of an investment's value.ALTAIR Z Score vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
ALTAIR RES |
| = | (628.14 K) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
ALTAIR RES |
| = | 33.0 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
ALTAIR Z Score Comparison
ALTAIR RES is currently under evaluation in z score category among its peers.
ALTAIR RES Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ALTAIR RES, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ALTAIR RES will eventually generate negative long term returns. The profitability progress is the general direction of ALTAIR RES's change in net profit over the period of time. It can combine multiple indicators of ALTAIR RES, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.
ALTAIR Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ALTAIR RES. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ALTAIR RES position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ALTAIR RES's important profitability drivers and their relationship over time.
Use ALTAIR RES in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ALTAIR RES position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ALTAIR RES will appreciate offsetting losses from the drop in the long position's value.ALTAIR RES Pair Trading
ALTAIR RES INC Pair Trading Analysis
The ability to find closely correlated positions to ALTAIR RES could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALTAIR RES when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ALTAIR RES - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ALTAIR RES INC to buy it.
The correlation of ALTAIR RES is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ALTAIR RES moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ALTAIR RES INC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ALTAIR RES can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your ALTAIR RES position
In addition to having ALTAIR RES in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Toys Thematic Idea Now
Toys
Companies producing and distributing toys and different gaming products for kids. The Toys theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Toys Theme or any other thematic opportunities.
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Other Information on Investing in ALTAIR Stock
To fully project ALTAIR RES's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ALTAIR RES INC at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ALTAIR RES's income statement, its balance sheet, and the statement of cash flows.