Altair Competitors

Summary

ALTRDelisted Stock

USD 111.85 0.05 0.04%

Altair Engineering competes with Global Blue, EverCommerce, CSG Systems, Consensus Cloud, and I3 Verticals; as well as few others. The company conducts business under Software sector and is part of Information Technology industry. Analyzing Altair Engineering competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Altair Engineering to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Altair Engineering competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altair Engineering's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Hype

Prediction

Low	Estimated	High
111.85	111.85	111.85

Details

Intrinsic

Valuation

Low	Real	High
94.47	94.47	123.04

Details

Naive

Forecast

Low	Next	High
112.25	112.25	112.25

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
110.99	111.45	111.90

Details

Altair Engineering Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Altair Engineering and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Altair and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Altair Engineering does not affect the price movement of the other competitor.

	GB	EVCM	CSGS	CCSI	ESMT	IIIV	CCCS	SPSC	EVTC	NTCT
GB		-0.4	0.47	0.49	0.0	-0.48	-0.45	0.14	0.54	0.48	GB
EVCM	-0.4		-0.07	-0.1	0.0	0.71	0.67	0.05	-0.52	-0.25	EVCM
CSGS	0.47	-0.07		0.72	0.0	-0.25	-0.27	0.38	0.69	0.59	CSGS
CCSI	0.49	-0.1	0.72		0.0	-0.24	-0.31	0.48	0.71	0.68	CCSI
ESMT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ESMT
IIIV	-0.48	0.71	-0.25	-0.24	0.0		0.82	-0.39	-0.55	-0.34	IIIV
CCCS	-0.45	0.67	-0.27	-0.31	0.0	0.82		-0.43	-0.55	-0.18	CCCS
SPSC	0.14	0.05	0.38	0.48	0.0	-0.39	-0.43		0.25	0.39	SPSC
EVTC	0.54	-0.52	0.69	0.71	0.0	-0.55	-0.55	0.25		0.59	EVTC
NTCT	0.48	-0.25	0.59	0.68	0.0	-0.34	-0.18	0.39	0.59		NTCT
	GB	EVCM	CSGS	CCSI	ESMT	IIIV	CCCS	SPSC	EVTC	NTCT

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High positive correlations

CCCS	+ 0.82	IIIV
CCSI	+ 0.72	CSGS
IIIV	+ 0.71	EVCM
EVTC	+ 0.71	CCSI
EVTC	+ 0.69	CSGS
NTCT	+ 0.68	CCSI

High negative correlations

EVTC	- 0.55	CCCS
EVTC	- 0.55	IIIV
EVTC	- 0.52	EVCM
IIIV	- 0.48	GB
CCCS	- 0.45	GB
SPSC	- 0.43	CCCS

Risk-Adjusted Indicators

There is a big difference between Altair Stock performing well and Altair Engineering Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Altair Engineering's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GB	0.25	(0.01)	(0.18)	(0.04)	0.46	(0.29)	0.41	(0.41)	3.25
EVCM	1.99	(0.02)	0.02	0.10	2.44	(2.04)	3.48	(3.72)	13.27
CSGS	1.15	(0.03)	0.00	0.09	1.43	(1.24)	2.25	(2.71)	10.96
CCSI	2.06	(0.06)	0.02	0.08	2.66	(2.31)	4.22	(3.91)	14.27
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IIIV	1.91	0.18	0.09	0.27	1.96	(2.21)	4.15	(3.56)	13.95
CCCS	1.33	0.10	0.06	0.20	1.62	(1.47)	3.53	(2.15)	14.13
SPSC	1.96	(0.62)	0.00	(0.19)	0.00	0.00	2.73	(3.32)	28.94
EVTC	1.29	(0.04)	(0.03)	0.07	1.72	(1.26)	2.22	(2.93)	14.21
NTCT	1.31	(0.11)	(0.04)	0.03	1.47	(1.66)	2.54	(2.55)	12.35

Unable to evaluate fundamental data of [GB, EVCM, CSGS, CCSI, ESMT, IIIV, CCCS, SPSC, EVTC, NTCT, AVDX, FORG, APPN, FIVN, DOCN, ATEN] at this time. Please try again later

All Fundamental Data

Altair Engineering Competitive Analysis

The better you understand Altair Engineering competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Altair Engineering's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Altair Engineering's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	ALTR	GB	EVCM	CSGS	CCSI	IIIV	CCCS	SPSC	EVTC	NTCT
	0.04 111.85 Altair	0.67 7.47 Global	3.72 10.86 EverCommerce	1.80 64.53 CSG	13.69 23.84 Consensus	11.26 31.71 IIIV	1.96 9.52 CCC	2.47 106.25 SPS	0.59 35.70 Evertec	1.46 21.59 NetScout
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Not too volatile	Very steady	Not too volatile	Very steady	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weakest	Weak	Weakest	Weakest	Weak	Good	Soft	Weakest	Weakest	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Hazard	Tiny	Average	Tiny	Small	Tiny	Tiny	Tiny	Tiny	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued	Under Valued	Under Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Hold	Buy	Strong Buy	Buy	Strong Buy	Strong Buy	Strong Buy	Buy	Hold
Trade Advice (90 Days Macroaxis Advice)	Not Rated	Hold	Hold	Hold	Hold	Hold	Hold	Cautious Hold	Strong Hold	Strong Hold
Current Ratio	2.96	1.62	1.84	1.04	1.35	0.69	2.46	3.61	2.94	1.46
Net Asset	1.45 B	1.17 B	1.42 B	1.5 B	602.2 M	730.67 M	3.18 B	1.03 B	1.86 B	2.19 B
Profit Margin	0.0213	0.17	-0.0295	0.0678	0.23	0.53	0.0019	0.12	0.16	0.0872
EBITDA	80.63 M	246.4 M	89.08 M	215.25 M	176.74 M	47.69 M	232.6 M	131.11 M	322.2 M	(367.6 M)
Operating Margin	0.0584	0.27	0.11	0.14	0.45	-0.0713	0.0943	0.14	0.24	-0.0272
Current Valuation	9.33 B	2.01 B	2.34 B	2.28 B	999.31 M	785.55 M	7.21 B	3.93 B	2.94 B	1.06 B
Price To Book	11.24	9.87	2.65	6.39	0.88	2.01	2.9	4.24	3.73	1.01
Retained Earnings	(116.33 M)	(785.07 M)	(661.06 M)	1.02 B	(83.68 M)	100.4 M	(1.1 B)	336.1 M	599.61 M	(44.44 M)
Current Asset	3.29 B	574.6 M	N/A	539.01 M	N/A	18.85 M	N/A	166.79 M	134.72 M	84.98 M
Five Year Return	N/A	N/A	N/A	1.94	N/A	N/A	N/A	N/A	0.72	N/A
Beta	1.45	0.44	1.06	0.91	1.89	1.33	0.74	0.7	0.96	0.66
Number Of Employees	3.5 K	2.16 K	2 K	5.8 K	518	1.48 K	2.31 K	2.78 K	4.8 K	2.1 K
Shares Outstanding	60.73 M	199.37 M	181.28 M	28.77 M	19.54 M	24.38 M	651.25 M	37.91 M	63.98 M	72.42 M
Cash Flow From Operations	154.08 M	160.91 M	113.16 M	135.72 M	121.75 M	48.41 M	283.89 M	157.4 M	260.06 M	217.67 M
Annual Yield	N/A	N/A	N/A	0.0198	N/A	N/A	N/A	N/A	0.0056	N/A
Total Debt	259.12 M	568.25 M	527.94 M	574.58 M	607.15 M	36.05 M	823.95 M	12.47 M	966.58 M	43.5 M
Return On Equity	0.0181	0.87	-0.0207	0.29	0.13	0.0307	0.0029	0.1	0.24	0.0489
Z Score	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return On Asset	0.0081	0.08	0.0241	0.0701	0.15	0.0079	0.015	0.065	0.0633	0.0279
Number Of Shares Shorted	5.11 M	43.41 K	724.23 K	2.23 M	760.07 K	2.68 M	33.48 M	1.75 M	1.48 M	2.28 M
Book Value Per Share	10.02	0.54	4.08	10.56	-1.39	16.12	3.29	25.04	9.57	21.58
Current Liabilities	575.31 M	213.84 M	N/A	232.61 M	N/A	25.75 M	N/A	24.23 M	102.5 M	24.59 M
Total Asset	1.45 B	1.17 B	1.42 B	1.5 B	602.2 M	730.67 M	3.18 B	1.03 B	1.86 B	2.19 B
Debt To Equity	0.59	N/A	0.56	1.24	0.036	1.13	0.43	0.037	0.93	0.13
Short Ratio	7.47	0.96	2.83	11.1	5.07	6.48	4.47	5.55	4.46	3.44
Target Price	103.63	5.99	11.95	77.29	30.6	32.0	12.32	152.36	38.6	22.23
Last Dividend Paid	N/A	N/A	N/A	1.24	N/A	N/A	N/A	N/A	0.2	N/A
Shares Owned By Institutions	92.52	9.23	92.14	95.45	97.76	97.85	95.32	99.05	99.17	93.96
Market Capitalization	9.63 B	1.49 B	1.97 B	1.86 B	465.86 M	1.03 B	6.2 B	4.03 B	2.28 B	1.56 B
Price To Earning	29.59	31.74	N/A	33.55	9.29	75.22	N/A	103.21	20.85	55.49
Price To Earnings To Growth	5.74	N/A	0.5	1.42	N/A	-0.35	N/A	4.71	2.14	1.57
Price To Sales	14.47	2.93	2.77	1.54	1.33	4.17	6.22	5.73	2.58	1.87
Net Income	14.18 M	135.37 M	(41.09 M)	86.85 M	89.44 M	175.13 M	31.24 M	77.05 M	114.78 M	(366.92 M)
Earnings Per Share	0.16	0.41	-0.08	2.88	4.15	0.48	N/A	2.18	2.13	1.04
Shares Owned By Insiders	1.99	1.42	8.03	4.56	2.24	2.21	4.68	0.95	0.83	3.74
Revenue	665.79 M	507.88 M	698.76 M	1.2 B	350.38 M	229.92 M	944.8 M	637.76 M	845.49 M	822.68 M
Working Capital	297.21 M	4.75 M	107.59 M	285.67 M	(4.79 M)	(11.34 M)	409.8 M	235.22 M	249.41 M	305.25 M
Cash And Equivalents	416.14 M	261 K	105.23 M	135.04 M	76.29 M	9.05 M	227.64 M	259.24 M	288.06 M	367.13 M
Cash Per Share	5.2	1.19	0.54	4.38	3.85	0.41	0.37	7.2	4.31	5.08
Gross Profit	540.99 M	371.82 M	480.78 M	600.05 M	278.38 M	225.23 M	756.65 M	479.59 M	455.43 M	657.07 M
Day Typical Price	111.82	7.48	10.99	64.28	23.92	31.33	9.6	106.91	35.6	21.66
Accumulation Distribution	0.0019	0.0027	0.0442	0.0236	0.14	0.0739	0.0286	0.036	0.0131	0.0442
Market Facilitation Index	0.21	0.02	0.5	1.53	3.62	2.39	0.28	3.93	0.47	0.98
Daily Balance Of Power	0.2381	2.5	(0.84)	0.7451	0.7928	1.343096	(0.68)	(0.68)	0.4468	0.3163
Period Momentum Indicator	0.05	0.05	(0.42)	1.14	2.87	3.21	(0.19)	(2.69)	0.21	0.31
Rate Of Daily Change	1.0	1.01	0.96	1.02	1.14	1.11	0.98	0.98	1.01	1.01
Day Median Price	111.81	7.48	11.05	64.16	23.96	31.14	9.64	107.24	35.56	21.7
Price Action Indicator	0.07	0.015	(0.40)	0.95	1.32	2.18	(0.22)	(2.33)	0.25	0.045
Relative Strength Index	62.24	42.63	41.18	45.31	40.05	51.54	58.19	31.71	48.62	39.12
Coefficient Of Variation	489.53	6261.68	1612.32	1371.05	1626.57	848.08	846.57	(905.66)	2587.07	3321.08
Mean Deviation	0.1883	0.2524	1.99	1.15	2.06	1.91	1.33	1.96	1.29	1.31
Jensen Alpha	0.0645	(0.01)	(0.02)	(0.03)	(0.06)	0.18	0.0962	(0.62)	(0.04)	(0.11)
Total Risk Alpha	0.0105	(0.07)	(0.23)	(0.13)	(0.26)	(0.08)	(0.06)	(0.89)	(0.21)	(0.22)
Sortino Ratio	(0.21)	(0.18)	0.0163	(0)	0.0232	0.0893	0.0564	N/A	(0.03)	(0.04)
Downside Variance	0.0617	0.3949	6.33	2.38	7.97	4.82	3.37	N/A	3.13	2.35
Standard Deviation	0.3421	0.4424	2.64	1.65	3.06	2.7	1.91	3.45	1.93	1.8
Kurtosis	15.53	9.21	2.16	3.59	5.69	3.9	4.7	23.43	11.53	3.02
Potential Upside	0.311	0.4104	3.48	2.25	4.22	4.15	3.53	2.73	2.22	2.54
Treynor Ratio	(1.45)	(0.04)	0.0979	0.0889	0.0824	0.27	0.2028	(0.19)	0.0687	0.0315
Maximum Drawdown	2.17	3.25	13.27	10.96	14.27	13.95	14.13	28.94	14.21	12.35
Variance	0.1171	0.1957	6.95	2.71	9.34	7.29	3.66	11.93	3.72	3.25
Market Risk Adjusted Performance	(1.44)	(0.03)	0.1079	0.0989	0.0924	0.28	0.2128	(0.18)	0.0787	0.0415
Risk Adjusted Performance	0.1464	0.0048	0.0554	0.0621	0.0554	0.099	0.098	(0.08)	0.0361	0.0291
Skewness	2.39	(1.46)	0.5451	0.6063	0.865	1.1	0.4838	(3.67)	1.95	0.5181
Semi Deviation	0.0	0.4606	2.44	1.43	2.66	1.96	1.62	N/A	1.72	1.47
Information Ratio	(0.15)	(0.26)	0.0156	(0)	0.0214	0.0726	0.0541	(0.15)	(0.02)	(0.04)
Value At Risk	(0.19)	(0.41)	(3.72)	(2.71)	(3.91)	(3.56)	(2.15)	(3.32)	(2.93)	(2.55)
Expected Short fall	(0.23)	(0.29)	(2.04)	(1.24)	(2.31)	(2.21)	(1.47)	N/A	(1.26)	(1.66)
Downside Deviation	0.2483	0.6284	2.52	1.54	2.82	2.2	1.84	N/A	1.77	1.53
Semi Variance	(0.03)	0.2121	5.95	2.04	7.05	3.83	2.61	N/A	2.95	2.17

Altair Engineering Competition Performance Charts

Five steps to successful analysis of Altair Engineering Competition

Altair Engineering's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Altair Engineering in relation to its competition. Altair Engineering's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Altair Engineering in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Altair Engineering's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Altair Engineering, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Altair Engineering position

In addition to having Altair Engineering 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.

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Electronics

Companies manufacturing electronic appliances and goods. The Electronics theme has 37 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 Electronics Theme or any other thematic opportunities.

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Other Consideration for investing in Altair Stock

If you are still planning to invest in Altair Engineering check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Altair Engineering's history and understand the potential risks before investing.

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Altair Competitors

Specify up to 10 symbols:

Altair Engineering Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Altair Engineering Competitive Analysis

Altair Engineering Competition Performance Charts

Five steps to successful analysis of Altair Engineering Competition

Complement your Altair Engineering position

Did You Try This Idea?

Run Electronics Thematic Idea Now

Electronics

Other Consideration for investing in Altair Stock

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