Altex Competitors

Pink Sheets . USA . 
Stock . Altex Industries
ALTX Stock  USD 0.32  0.05  18.52%   
Altex Industries competes with Altura Energy, CKX Lands, Reserve Petroleum, and Spindletop; as well as few others. The company conducts business under Oil, Gas & Consumable Fuels sector and is part of Energy industry. Analyzing Altex Industries 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 Altex Industries to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Altex Industries Correlation with its peers.
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 Altex Industries competition on your existing holdings.
  
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altex Industries' 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
LowEstimatedHigh
0.020.3210.17
Details
Intrinsic
Valuation
LowRealHigh
0.010.2810.13
Details
Naive
Forecast
LowNextHigh
0.010.2710.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.240.330.42
Details

Altex Industries Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Altex Industries and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Altex 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 Altex Industries does not affect the price movement of the other competitor.

High positive correlations

SPND
+ 0.54
ADXRF
CKX
+ 0.48
ALME
ATUUF
+ 0.36
AERN
RSRV
+ 0.36
ATUUF
RSRV
+ 0.34
FECOF
ERHE
+ 0.32
ATUUF
  

High negative correlations

CKX
- 0.55
ATUUF
RSRV
- 0.4
ALME
ALME
- 0.39
ADXRF
FECOF
- 0.38
ALME
FECOF
- 0.37
CKX
ERHE
- 0.31
CKX

Risk-Adjusted Indicators

There is a big difference between Altex Pink Sheet performing well and Altex Industries 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 Altex Industries' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ADXRF  11.38  3.96  0.00 (1.06) 0.00 
 0.00 
 2.92 
(14.77)
 282.10 
AERN  30.76  14.81  0.00  1.36  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
ALME  3.12 (1.22) 0.00  0.30  0.00 
 0.00 
 0.00 
 0.00 
 100.00 
ARET  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
ATUUF  2.28  0.51  0.21  1.70  1.69 
(3.39)
 5.96 
(3.66)
 29.88 
CKX  1.40 (0.10) 0.00 (0.28) 0.00 
 0.00 
 3.45 
(2.71)
 12.61 
ERHE  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
FECOF  12.92  3.09  0.10  0.81  12.17 
(62.44)
 50.00 
(36.36)
 198.09 
RSRV  1.77  0.16  0.02 (1.32) 2.38 
(4.46)
 6.08 
(5.97)
 20.70 
SPND  0.56 (0.04) 0.00  0.93  0.00 
 0.00 
 1.39 
(0.97)
 16.10 
All Fundamental Data

Altex Industries Competitive Analysis

The better you understand Altex Industries competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Altex Industries' 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 Altex Industries' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ALTX ADXRF ARET ATUUF CKX ERHE FECOF RSRV SPND
 18.52 
 0.32 
Altex
 0.81 
 0.03 
ADX
 0.00 
 0.0001 
Arete
 1.05 
 19.30 
Altura
 0.55 
 10.96 
CKX
 0.00 
 0.0001 
ERHC
 9.52 
 0 
FEC
 6.14 
 171.76 
Reserve
 0.00 
 2.91 
Spindletop
Market Volatility
(90 Days Market Risk)
Out of control
Out of control
Very steady
Not too volatile
Not too volatile
Out of control
Out of control
Very steady
Slightly risky
Market Performance
(90 Days Performance)
Soft
Fair
Weakest
Fair
Weakest
Fair
Fair
Soft
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
High
Fair
Low
Strong
High
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Strong Buy
Hold
Strong Sell
Sell
Strong Sell
Cautious Hold
Current Ratio
2.19
1.08
0.03
1.84
43.45
0.01
1.35
27.48
1.88
Net Asset
2.49 M
36.14 M
2.01 M
75.4 M
18.85 M
6.22 M
2.18 M
33.35 M
26.09 M
Profit Margin
10.04
-0.27
N/A
0.18
0.43
N/A
N/A
0.23
0.47
EBITDA
322 K
(1.82 M)
(243.43 K)
13.29 M
35.71 K
(9.71 M)
(168.21 K)
4.03 M
1.23 M
Operating Margin
-9.76
-0.29
-3.89
-0.13
-0.22
-178.64
N/A
0.38
0.25
Current Valuation
(1.33 M)
17.48 M
1.47 M
19.73 M
12.95 M
1.51 M
1.7 M
23.15 M
14.17 M
Price To Book
0.72
91.94
N/A
0.63
1.21
N/A
0.72
1.08
1.3
Retained Earnings
(11.72 M)
N/A
(20.87 M)
N/A
15.62 M
N/A
(19.28 M)
34.48 M
18.98 M
Current Asset
2.72 M
N/A
662 K
N/A
6.2 M
1.53 M
571 K
24.12 M
15.83 M
Five Year Return
N/A
N/A
N/A
N/A
2.24
N/A
N/A
4.05
N/A
Beta
0.25
0.81
-29.21
1.71
-0.2
750.93
-0.0589
0.17
1.14
Number Of Employees
3
12
7
10
2
9
6
6
12
Shares Outstanding
11.52 M
3.52 B
14.67 M
28.25 M
2.05 M
2.88 B
861.08 M
156.16 K
6.75 M
Cash Flow From Operations
(129 K)
(2.25 M)
(463.75 K)
3.94 M
204.76 K
(4.74 M)
(191.8 K)
3.78 M
2.44 M
Annual Yield
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0435
N/A
Total Debt
77 K
1.18 M
1.05 M
16.09 M
264.18 K
181.53 K
201.45 K
N/A
403 K
Return On Equity
0.23
-0.31
-24.71
0.0819
0.0195
N/A
-0.0894
0.1
0.21
Z Score
5.2
11.4
-13.4
1.8
N/A
N/A
-2.8
1.4
32.4
Return On Asset
-0.0663
-0.0662
-0.66
-0.0251
0.0015
-0.83
-0.0456
0.0926
0.0471
Book Value Per Share
0.11
0.001
-0.31
2.49
9.11
-0.003
0.002
203.5
2.94
Number Of Shares Shorted
N/A
N/A
N/A
N/A
528
N/A
N/A
N/A
N/A
Current Liabilities
627 K
N/A
2.05 M
N/A
54.4 K
7.79 M
61 K
264.14 K
5.81 M
Total Asset
2.49 M
36.14 M
2.01 M
75.4 M
18.85 M
6.22 M
2.18 M
33.35 M
26.09 M
Debt To Equity
0.055
0.36
67.3
0.23
0.025
0.17
0.097
0.095
0.025
Target Price
2.6
N/A
N/A
N/A
N/A
N/A
N/A
N/A
17.0
Short Ratio
N/A
N/A
N/A
N/A
0.15
N/A
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
N/A
N/A
10.0
N/A
Shares Owned By Institutions
N/A
0.61
N/A
13.01
7.44
N/A
N/A
N/A
N/A
Market Capitalization
1.4 M
22.52 M
1.47 M
54.28 M
22.38 M
1.44 M
3.01 M
35.6 M
22.14 M
Price To Earning
3.23
N/A
-0.21
1.92
61.14
-0.02
6.89
12.7
8.68
Price To Sales
18.26
2.11
1.55
1.48
26.77
26.36
N/A
2.45
3.11
Net Income
313 K
(4.17 M)
(4.5 M)
8.34 M
250.22 K
(12.05 M)
(168.21 K)
1.25 M
1.04 M
Earnings Per Share
0.02
-0.001
-0.27
0.65
0.18
-0.04
N/A
20.82
0.51
Shares Owned By Insiders
62.8
17.7
32.87
8.8
32.77
5.82
85.67
38.35
87.41
Revenue
36 K
9.66 M
974.48 K
17.83 M
1.52 M
N/A
N/A
9.12 M
6.22 M
Working Capital
2.1 M
N/A
(1.38 M)
N/A
9.32 M
(6.25 M)
510 K
23.86 M
10.03 M
Cash And Equivalents
2.39 M
2.56 M
67.95 K
21.8 M
7.61 M
146.53 K
50.14 K
16.8 M
10.21 M
Cash Per Share
0.2
N/A
N/A
0.77
3.88
N/A
N/A
107.56
1.51
Gross Profit
33 K
1.1 M
(166.66 K)
10.04 M
764.31 K
54.61 K
N/A
6.39 M
3.78 M
Day Typical Price
0.32
0.025
1.0E-4
19.4
10.96
1.0E-4
0.0023
171.76
2.91
Accumulation Distribution
N/A
N/A
N/A
0.0153
N/A
N/A
N/A
N/A
N/A
Market Facilitation Index
N/A
N/A
N/A
0.3
N/A
N/A
N/A
N/A
N/A
Daily Balance Of Power
9.2 T
9.2 T
0.0
0.6667
9.2 T
0.0
9.2 T
(9,223,372,036,855)
0.0
Period Momentum Indicator
0.05
2.0E-4
N/A
0.2
0.06
N/A
2.0E-4
(11.24)
N/A
Rate Of Daily Change
1.19
1.01
1.0
1.01
1.01
1.0
1.1
0.94
1.0
Day Median Price
0.32
0.025
1.0E-4
19.45
10.96
1.0E-4
0.0023
171.76
2.91
Price Action Indicator
0.025
1.0E-4
N/A
(0.05)
0.03
N/A
1.0E-4
(5.62)
N/A
Coefficient Of Variation
1560.55
922.38
N/A
849.21
(3,002)
N/A
838.59
2036.17
(5,980)
Mean Deviation
6.26
11.38
N/A
2.28
1.4
N/A
12.92
1.77
0.5571
Jensen Alpha
0.5397
3.96
N/A
0.5056
(0.10)
N/A
3.09
0.163
(0.04)
Total Risk Alpha
(0.58)
(0.48)
N/A
(0.03)
(0.34)
N/A
(0.09)
(0.25)
(0.26)
Sortino Ratio
0.0397
N/A
N/A
0.2116
N/A
N/A
0.095
0.0158
N/A
Downside Variance
195.67
N/A
N/A
4.67
N/A
N/A
1212.92
28.48
N/A
Standard Deviation
9.91
34.35
N/A
4.56
2.13
N/A
28.43
3.36
1.79
Kurtosis
1.56
38.45
N/A
29.99
5.35
N/A
13.97
4.42
18.22
Potential Upside
18.52
2.92
N/A
5.96
3.45
N/A
50.0
6.08
1.39
Treynor Ratio
0.5153
(1.06)
N/A
1.7
(0.28)
N/A
0.8104
(1.32)
0.9321
Maximum Drawdown
54.93
282.1
N/A
29.88
12.61
N/A
198.09
20.7
16.1
Variance
98.26
1179.9
N/A
20.83
4.53
N/A
808.32
11.26
3.2
Market Risk Adjusted Performance
0.5253
(1.05)
N/A
1.71
(0.27)
N/A
0.8204
(1.31)
0.9421
Risk Adjusted Performance
0.0464
0.0724
N/A
0.0767
(0.01)
N/A
0.0786
0.0366
(0)
Skewness
0.3322
5.64
N/A
4.77
1.37
N/A
3.1
0.7292
(2.48)
Semi Deviation
7.56
N/A
N/A
1.69
N/A
N/A
12.17
2.38
N/A
Information Ratio
0.056
0.1061
N/A
0.1001
(0.07)
N/A
0.1164
0.0251
(0.06)
Value At Risk
(17.14)
(14.77)
N/A
(3.66)
(2.71)
N/A
(36.36)
(5.97)
(0.97)
Expected Short fall
(11.58)
N/A
N/A
(3.39)
N/A
N/A
(62.44)
(4.46)
N/A
Downside Deviation
13.99
N/A
N/A
2.16
N/A
N/A
34.83
5.34
N/A
Semi Variance
57.16
N/A
N/A
2.85
N/A
N/A
148.16
5.64
N/A

Altex Industries Competition Performance Charts

Five steps to successful analysis of Altex Industries Competition

Altex Industries' 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 Altex Industries in relation to its competition. Altex Industries' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Altex Industries 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 Altex Industries' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Altex Industries, 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 Altex Industries position

In addition to having Altex Industries 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 Money Funds Thematic Idea Now

Money Funds
Money Funds Theme
Funds or Etfs that invest most if their asset in companies from financial sector such as commercial banks, insurance companies, investment funds, and real estate. The Money Funds theme has 20 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 Money Funds Theme or any other thematic opportunities.
View All  Next Launch

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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY