Altus Power Etf Profile
| AMPS Etf | USD 3.62 0.02 0.56% |
Performance0 of 100
| Odds Of DistressLess than 37
|
Altus Power is selling for under 3.62 as of the 29th of April 2024; that is 0.56 percent increase since the beginning of the trading day. The etf's lowest day price was 3.56. Altus Power has about a 37 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Altus Power are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2022 and ending today, the 29th of April 2024. Click here to learn more.
Business Domain Utilities | IPO Date 1st of February 2021 |
Altus Power, Inc., a clean electrification company, originates, develops, owns, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. Altus Power is listed under UtilitiesRenewable in the United States and is traded on New York Stock Exchange exchange.. The company has 159.88 M outstanding shares of which 8.16 M shares are presently shorted by private and institutional investors with about 5.87 trading days to cover. More on Altus Power
Moving against Altus Etf
| 0.68 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.61 | WAVE | Eco Wave Power | PairCorr |
| 0.61 | ED | Consolidated Edison Financial Report 2nd of May 2024 | PairCorr |
| 0.6 | CEG | Constellation Energy Corp Financial Report 2nd of May 2024 | PairCorr |
Altus Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Altus Power's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Altus Power or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Electric Utilities, Utilities - Renewable, Utilities, NYSE Composite, Utilities, Electric Utilities, Utilities—Renewable, Utilities (View all Sectors) |
| Average Analyst Recommendation Analysts covering Altus Power report their recommendations after researching Altus Power's financial statements, talking to executives and customers, or listening in on Altus Power's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Altus Power. The Altus consensus assessment is calculated by taking the average forecast from all of the analysts covering Altus Power. | |
| Tax Provision | (1.4 Million) |
| Total Current Liabilities | 106.51 Million |
| Total Stockholder Equity | 447.08 Million |
| Currency Code | USD |
| Fiscal Year End | December |
| Stock Based Compensation | 14.94 Million |
| Property Plant And Equipment Net | 1.79 Billion |
| Begin Period Cash Flow | 195.42 Million |
| Net Debt | 1.18 Billion |
| Accounts Payable | 7.34 Million |
| Cash | 206.18 Million |
| Other Operating Expenses | 134.3 Million |
| Non Current Assets Total | 2.01 Billion |
| Non Currrent Assets Other | 7.83 Million |
| Quarterly Earnings Growth Y O Y | (0.744) |
| Forward Price Earnings | 666.67 |
| Long Term Debt | 1.16 Billion |
| Cash And Short Term Investments | 206.18 Million |
| 50 Day M A | 5.263 |
| Code | AMPS |
| Common Stock Shares Outstanding | 158.7 Million |
Altus Power [AMPS] is traded in USA and was established February 14, 2012. Altus Power is listed under Electric Utilities category by Fama And French industry classification. The fund is listed under Utilities category and is part of Electric Utilities family. This fund presently have 2.24 B in assets under management (AUM). Altus Power is currently generating year-to-date return of -2.44%, while the total return for the last 3 years was 4.76%.
Altus Power currently holds about 290.89 M in cash with 79.36 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.83.
Check Altus Power Probability Of Bankruptcy
Altus Power Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of Altus Power jumping above the current price in 90 days from now is under 95%. The Altus Power probability density function shows the probability of Altus Power etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 2.9569. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Altus Power will likely underperform. Additionally, altus Power has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Altus Power to move above the current price in 90 days from now is under 95 (This Altus Power probability density function shows the probability of Altus Etf to fall within a particular range of prices over 90 days) .
Altus Power Major Institutional Holders
Institutional Holdings refers to the ownership stake in Altus Power that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Altus Power's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Altus Power's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 1.4 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.4 M | |
| Telemark Asset Management, Llc | 2023-12-31 | 1.2 M | |
| Kensico Capital Management Corp | 2023-09-30 | 1.1 M | |
| Atlantic Trust Group, Llc | 2023-12-31 | 900 K | |
| First Trust Advisors L.p. | 2023-12-31 | 794.6 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 778.2 K | |
| Handelsbanken Fonder Ab | 2023-12-31 | 775.8 K | |
| Decade Renewable Partners Lp | 2023-12-31 | 735.8 K | |
| Blackstone Inc | 2023-12-31 | 21.1 M | |
| Blackrock Inc | 2023-12-31 | 7.6 M |
Altus Power Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Altus Power market risk premium is the additional return an investor will receive from holding Altus Power long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Altus Power. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Altus Power's alpha and beta are two of the key measurements used to evaluate Altus Power's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | (0.18) |
Altus Power Against Markets
Picking the right benchmark for Altus Power etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Altus Power etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Altus Power is critical whether you are bullish or bearish towards Altus Power at a given time. Please also check how Altus Power's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Altus Power without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Altus Etf?
Before investing in Altus Power, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Altus Power. To buy Altus Power etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Altus Power. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Altus Power etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Altus Power etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Altus Power etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Altus Power, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Altus Power?
The danger of trading Altus Power is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Altus Power is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Altus Power. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Altus Power is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altus Power. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Altus Etf please use our How to Invest in Altus Power guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
The market value of Altus Power is measured differently than its book value, which is the value of Altus that is recorded on the company's balance sheet. Investors also form their own opinion of Altus Power's value that differs from its market value or its book value, called intrinsic value, which is Altus Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Altus Power's market value can be influenced by many factors that don't directly affect Altus Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altus Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altus Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altus Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.