ALTR vs. ALGM

Last updated Jun 4, 2026

ALTR (Altair Engineering Inc.) and ALGM (Allegro MicroSystems, Inc.) are both stocks. Both are in the Technology sector — ALTR in Software - Infrastructure, ALGM in Semiconductors. At a 0.43 correlation, their price movements are largely independent.

Performance

ALTR vs. ALGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Altair Engineering Inc. (ALTR) and Allegro MicroSystems, Inc. (ALGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ALTR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALGM

• 1D: 5.52%
• 1M: 7.34%
• YTD: 101.33%
• 6M: 83.77%
• 1Y: 98.32%
• 3Y*: 10.39%
• 5Y*: 14.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALTR vs. ALGM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ALTR Altair Engineering Inc.	0.00%	2.51%	29.66%	85.07%	-41.19%	32.90%	29.06%
ALGM Allegro MicroSystems, Inc.	101.33%	20.68%	-27.78%	0.83%	-17.03%	35.71%	50.62%

Correlation

The correlation between ALTR and ALGM is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 30, 2020	0.43

The correlation between ALTR and ALGM shifts across timeframes, from 0.28 (3 years) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) ALTR : $665.79M ALGM : $890.10M
Gross Profit (TTM) ALTR : $533.36M ALGM : $411.97M
EBITDA (TTM) ALTR : $65.46M ALGM : $60.02M

Return for Risk

ALTR vs. ALGM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALGM

ALGM Risk / Return Rank: 81
ALGM Sharpe Ratio Rank: 86
ALGM Sortino Ratio Rank: 83
ALGM Omega Ratio Rank: 79
ALGM Calmar Ratio Rank: 79
ALGM Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALTR vs. ALGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Altair Engineering Inc. (ALTR) and Allegro MicroSystems, Inc. (ALGM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ALTR	ALGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.86	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.42	—

Drawdowns

Drawdown Indicators

	ALTR	ALGM	Difference
Max Drawdown Largest peak-to-trough decline	—	-68.65%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-39.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-68.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-68.65%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-32.00%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.62%	—

Volatility

Volatility by Period

	ALTR	ALGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	53.26%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	49.98%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	51.49%	—

Dividends

ALTR vs. ALGM - Dividend Comparison

Neither ALTR nor ALGM has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ALTR and ALGM in my portfolio?

ALTR and ALGM have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.