Altitude Acquisition (Altitude Acquisition) GF Value Rank : 0 (As of Apr. 27, 2024)

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What is Altitude Acquisition GF Value Rank?

Altitude Acquisition has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Altitude Acquisition (Altitude Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Altitude Acquisition Corp (NAS:ALTU) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

ALTUU:USA

Address

400 Perimeter Center Terrace, Suite 151, Atlanta, GA, USA, 30346

Website

https://www.altitudeac.com

Altitude Acquisition Corp is a blank check company.

Executives

Bnp Paribas Arbitrage, Sa	10 percent owner	1 RUE LAFFITTE, PARIS I0 75009
Michael Gavin Isaacs	director	BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Altitude Acquisition Holdco Llc	director, 10 percent owner	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Thomas Breitling	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Gary Teplis	10 percent owner	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Adeel Rouf	officer: See Remarks	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Kevin Michael Schubert	officer: Chief Operating Officer	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Michel Maurice Taride	director	1240 WEST WESLEY ROAD, ATLANTA 2Q 30327
Farris Griggs	officer: Chief Financial Officer	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Sam Galeotos	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Hilton Sturisky	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327