Altech Batteries (Australia) Today
| ATC Stock | 0.06 0.0005 0.82% |
Performance5 of 100
| Odds Of DistressLess than 19
|
Altech Batteries is selling for under 0.0615 as of the 3rd of May 2024; that is 0.82 percent up since the beginning of the trading day. The stock's last reported lowest price was 0.061. Altech Batteries has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Altech Batteries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2024 and ending today, the 3rd of May 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Altech Batteries is entity of Australia. It is traded as Stock on AU exchange. The company has 1.65 B outstanding shares. More on Altech Batteries
Moving against Altech Stock
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Altech Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Altech Batteries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Altech Batteries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO MD | BSc GAICD | ||||
| Business Concentration | Metals & Mining, Specialty Chemicals, Basic Materials, Materials, Metals & Mining, Materials, Basic Materials (View all Sectors) | ||||
Altech Batteries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Altech Batteries' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Altech Batteries' financial leverage. It provides some insight into what part of Altech Batteries' total assets is financed by creditors.
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Altech Batteries (ATC) is traded on Australian Securities Exchange in Australia and employs 19 people. Altech Batteries is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 100.85 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Altech Batteries's market, we take the total number of its shares issued and multiply it by Altech Batteries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Altech Batteries operates under Metals & Mining sector and is part of Materials industry. The entity has 1.65 B outstanding shares.
Altech Batteries generates negative cash flow from operations
Check Altech Batteries Probability Of Bankruptcy
Ownership AllocationAltech Batteries retains a total of 1.65 Billion outstanding shares. Altech Batteries retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Altech Ownership Details
Altech Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Altech Batteries jumping above the current price in 90 days from now is about 81.24%. The Altech Batteries probability density function shows the probability of Altech Batteries stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Altech Batteries has a beta of -0.28. This suggests as returns on the benchmark increase, returns on holding Altech Batteries are expected to decrease at a much lower rate. During a bear market, however, Altech Batteries is likely to outperform the market. Additionally, altech Batteries has an alpha of 0.1431, implying that it can generate a 0.14 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Altech Batteries to move above the current price in 90 days from now is about 81.24 (This Altech Batteries probability density function shows the probability of Altech Stock to fall within a particular range of prices over 90 days) .
Altech Batteries Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Altech Batteries market risk premium is the additional return an investor will receive from holding Altech Batteries 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 Altech Batteries. 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 Altech Batteries' alpha and beta are two of the key measurements used to evaluate Altech Batteries' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.9 | |||
| Semi Deviation | 2.93 | |||
| Standard Deviation | 4.71 | |||
| Variance | 22.18 |
Altech Stock Against Markets
Picking the right benchmark for Altech Batteries stock 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 Altech Batteries stock 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 Altech Batteries is critical whether you are bullish or bearish towards Altech Batteries at a given time. Please also check how Altech Batteries' 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 Altech Batteries 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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Altech Batteries Corporate Management
Elected by the shareholders, the Altech Batteries' board of directors comprises two types of representatives: Altech Batteries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Altech. The board's role is to monitor Altech Batteries' management team and ensure that shareholders' interests are well served. Altech Batteries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Altech Batteries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| BSc BSc | MD Director | Profile | |
| Jingyuan AAICD | Chief Officer | Profile | |
| Carsten Baumeister | Chief Officer | Profile | |
| CA CA | CFO Sec | Profile | |
| Lydia FCCA | Group Controller | Profile |
How to buy Altech Stock?
Before investing in Altech Batteries, 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 Altech Batteries. To buy Altech Batteries stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Altech Batteries. 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 Altech Batteries stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Altech Batteries stock 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 Altech Batteries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Altech Batteries, 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 stock 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 Altech Batteries?
The danger of trading Altech Batteries is mainly related to its market volatility and Company 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 Altech Batteries 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 Altech Batteries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Altech Batteries 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 Altech Batteries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Altech Batteries information on this page should be used as a complementary analysis to other Altech Batteries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Altech Stock analysis
When running Altech Batteries' price analysis, check to measure Altech Batteries' 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 Altech Batteries is operating at the current time. Most of Altech Batteries' value examination focuses on studying past and present price action to predict the probability of Altech Batteries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altech Batteries' price. Additionally, you may evaluate how the addition of Altech Batteries to your portfolios can decrease your overall portfolio volatility.
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