Is Altimetry’s “Hidden Alpha” Legit? [Unbiased Review]

Welcome to my review of Altimetry’s Hidden Alpha.

As one of the investment research services published by Altimetry, it is all about trading large-cap stocks that have the potential to deliver big returns without exposing you to a lot of risk. 

Prof. Joel Litman claims that he can expose inconsistencies in financial reports and use that information to identify stocks that, from the outside, look unlikely to move the needle in a significant way but that are actually severely undervalued.

In this review, we will be taking a closer look as Joel’s system and examine its merits and downsides. Read on to find out more about Altimetry’s Hidden Alpha.

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Is Altimetry's "Hidden Alpha" Legit? [Unbiased Review] 7

Altimetry’s Hidden Alpha Review

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Introduction to Altimetry’s Hidden Alpha

Altimetry’s Hidden Alpha is an investment advisory service offered by Altimetry, an independent publishing firm, and edited by Professor Joel Litman. It is one among a few other services offered by the firm and the Professor Litman, including another closely related one called Altimetry’s High Alpha.

Altimetry's Hidden Alpha

With Hidden Alpha, Joel concentrates on large-cap stocks that he feels have huge profit potential (his other service, High Alpha, is all about small-cap stocks). His goal is to find big-cap stocks, which if he invests in, can generate alpha.

These are usually companies that are doing better than what most investors think. Therefore, their performance when their true value is priced in tends to surprise people.

Investing in undervalued stocks that can beat the market (generating alpha) is a common strategy used by investment gurus. I encountered this before as I was reviewing Teeka Tiwari’s Alpha Edge and again while I was going through The Alpha Signal System by Graham Summers, just to mention a few.

How Does Altimetry’s Hidden Alpha Work?

Speaking of Joel’s strategy, he utilizes an analysis system called “The Altimeter,” which he and his team spent a decade developing. He uses it to find more than 130 discrepancies between the numbers that companies report publicly, adhering to GAAP guidelines and the actual numbers that reflect the true financial health of the company.

He claims that by understanding these discrepancies and determining what they indicate about the future of a company can enable you to earn a lot of money even from relatively stable stocks.

Joel’s team of more than 100 accountants and analysts analyze thousands of American stocks using proprietary forensic accounting techniques. They load all that data into The Altimeter, which filters them.

They end up with around 200 stocks that have shown the greatest disparities between actual value and the market’s perceived value.

They filter those stocks further by running earning call forensics and end up with a list of about 30 that have the greatest upside potential. After that, they sort them according to size and volatility and end up with the best candidates for investment.

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Who Is Behind Altimetry’s Hidden Alpha?

Altimetry’s Hidden Alpha is edited by Professor Joel Litman. He is the CEO of Valens Research in addition to being the chief investment strategist of Altimetry. He specializes in offering advice to investors on matters to do with corporate credit, macroeconomic strategy, and equities.

Prof. Litman is a professor at Hult International Business School, an international MBA program. He has also taught at the University of Chicago Booth, Harvard Business School, SAIF Jiao Tong, and Wharton, just to mention a few.

He has spoken at various financial and industry conferences around the world and is the chair of the UAFRS Advisory Council, which advocates the use of Uniform Accounting.

Owing to his experience in as an economist, Joel has been featured by Barron’s, Institutional Investor, and Forbes and contributed to SeekingAlpha. He has also appeared on CNBC as a guest commentator.

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What you get when you join Altimetry’s Hidden Alpha

If you subscribe to Altimetry’s Hidden Alpha, you will receive a complete rundown of the latest stock recommendation, warnings, predictions, and forensic analysis on the first Monday of every month. 

Apart from that, you will regularly receive updates regarding your open positions along with other important updates from time to time. Those updates will also guide you on how to take full advantage of various situations to maximize your earnings. 

You will also receive a comprehensive research report called Stock X-Ray Machine Quick-Start Guide that covers everything that you must know if you wish to understand how Joel’s investment strategy works intimately. You will also learn how the proprietary truth detecting system works.

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How much will you pay to join Altimetry’s Hidden Alpha?

There are two subscription options available:

  1. You can opt for a one-year subscription to Hidden Alpha that is priced at $99. It renews automatically every year with each subsequent year (after the first) costing $149. If you don’t want it to renew automatically, call customer support to cancel one day before the day it is due to auto-renew.
  2. You can go for a lifetime membership that will cost $599 with an annual maintenance fee of $24.

Are there refunds if you cancel your subscription?

You have thirty days to cancel your membership. If you call customer support within those thirty days, you may receive a refund or they may ask you to divert your subscription fee to any other service they offer worth the amount due.

Pros of Altimetry’s Hidden Alpha

  • Large-cap stocks are some of the safest investments because they are not volatile. They are also well-established enterprises.
  • If you find Joel’s insights to be helpful, you can significantly minimize the amount of money you spend on the subscription fee by choosing the lifetime membership option.
  • You gain access to a team of analysts and accountants with tools you’d otherwise not have if you do things alone.

Cons of Altimetry’s Hidden Alpha

  • Although investing in large-cap stocks is relatively safe, like any investments, you are still subject to market risks and may lose money.
  • The refund policy

Is Altimetry’s Hidden Alpha Legit?

I think Altimetry’s Hidden Alpha is a legit investment newsletter.

With the help of a team of analysts and accountants, Prof. Joel Litman breaks down the financial documents of thousands of companies, re-orders the data in a uniform way to get a sense of the true financial health of those companies, and picks the ones that show a huge disparity between their actual value and their market value.

Does his analysis guarantee that you will become rich (from his recommendations)?

The short answer is: I don’t think it will. The longer explanation is that his recommendations, no matter how great they look on paper, are still subject to market risk. As such, they may underperform (compared to his projections) or even lose money.

That being said, I think his advisory service is legitimate and something that can provide you with tremendous value. 

Altimetry’s Hidden Alpha Verdict

Altimetry’s Hidden Alpha is an investment advisory service that is edited by Professor Joel Litman and published by Altimetry.

It is geared towards providing its members with recommendations that are large cap stocks whose value has not been portrayed accurately by the market due to inconsistencies in financial reporting by the company intentionally or unwittingly.

Although Joel Litman is a qualified analyst, I wouldn’t sign up expecting to become rich all of a sudden because that may not happen, particularly when investing in large-cap stocks. Therefore, if you are considering joining, temper your expectations and understand the potential risks involved.

If you have all that covered and still want to receive insights from Prof Litman, you may find Altimetry’s Hidden Alpha to be worthwhile.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)

Is Altimetry's "Hidden Alpha" Legit? [Unbiased Review] 7