Altius Minerals Stock Return On Asset
| ALS Stock | CAD 20.97 0.02 0.1% |
Altius Minerals fundamentals help investors to digest information that contributes to Altius Minerals' financial success or failures. It also enables traders to predict the movement of Altius Stock. The fundamental analysis module provides a way to measure Altius Minerals' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Altius Minerals stock.
As of the 25th of April 2024, Return On Assets is likely to grow to 0.01. Altius | Return On Asset |
Altius Minerals Company Return On Asset Analysis
Altius Minerals' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Altius Minerals Return On Asset | 0.0246 |
Most of Altius Minerals' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Altius Minerals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Altius Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Altius Minerals is extremely important. It helps to project a fair market value of Altius Stock properly, considering its historical fundamentals such as Return On Asset. Since Altius Minerals' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Altius Minerals' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Altius Minerals' interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Altius Total Assets
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Based on the latest financial disclosure, Altius Minerals has a Return On Asset of 0.0246. This is 96.68% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The return on asset for all Canada stocks is 117.57% lower than that of the firm.
Altius Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Altius Minerals' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Altius Minerals could also be used in its relative valuation, which is a method of valuing Altius Minerals by comparing valuation metrics of similar companies.Altius Minerals is currently under evaluation in return on asset category among related companies.
Altius Minerals Current Valuation Drivers
We derive many important indicators used in calculating different scores of Altius Minerals from analyzing Altius Minerals' financial statements. These drivers represent accounts that assess Altius Minerals' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Altius Minerals' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 511.4M | 570.0M | 721.6M | 1.0B | 875.6M | 919.4M | |
| Enterprise Value | 597.1M | 681.2M | 736.8M | 1.1B | 857.4M | 900.2M |
Altius Fundamentals
| Return On Equity | 0.0166 | |||
| Return On Asset | 0.0246 | |||
| Profit Margin | 0.14 % | |||
| Operating Margin | 0.45 % | |||
| Current Valuation | 1.09 B | |||
| Shares Outstanding | 46.55 M | |||
| Shares Owned By Insiders | 18.86 % | |||
| Shares Owned By Institutions | 26.40 % | |||
| Number Of Shares Shorted | 938.26 K | |||
| Price To Earning | 24.03 X | |||
| Price To Book | 2.01 X | |||
| Price To Sales | 14.23 X | |||
| Revenue | 68.71 M | |||
| Gross Profit | 96.17 M | |||
| EBITDA | 47.13 M | |||
| Net Income | 9.54 M | |||
| Cash And Equivalents | 82.39 M | |||
| Cash Per Share | 2.25 X | |||
| Total Debt | 120.87 M | |||
| Debt To Equity | 0.22 % | |||
| Current Ratio | 8.46 X | |||
| Book Value Per Share | 10.38 X | |||
| Cash Flow From Operations | 36.51 M | |||
| Short Ratio | 10.29 X | |||
| Earnings Per Share | 0.20 X | |||
| Target Price | 24.25 | |||
| Number Of Employees | 19 | |||
| Beta | 0.97 | |||
| Market Capitalization | 977.02 M | |||
| Total Asset | 773.54 M | |||
| Retained Earnings | 13.32 M | |||
| Working Capital | 131.84 M | |||
| Current Asset | 26.67 M | |||
| Current Liabilities | 9.98 M | |||
| Annual Yield | 0.02 % | |||
| Five Year Return | 1.42 % | |||
| Net Asset | 773.54 M | |||
| Last Dividend Paid | 0.32 |
About Altius Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Altius Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Altius Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Altius Minerals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Altius Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Altius Minerals' short interest history, or implied volatility extrapolated from Altius Minerals options trading.
Pair Trading with Altius Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altius Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altius Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Altius Stock
| 0.66 | THRM | Therma Bright | PairCorr |
| 0.62 | FUND | Katipult Technology Corp | PairCorr |
| 0.6 | QBR-A | Quebecor | PairCorr |
The ability to find closely correlated positions to Altius Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altius Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altius Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altius Minerals to buy it.
The correlation of Altius Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altius Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altius Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altius Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. 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. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Altius Stock analysis
When running Altius Minerals' price analysis, check to measure Altius Minerals' 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 Altius Minerals is operating at the current time. Most of Altius Minerals' value examination focuses on studying past and present price action to predict the probability of Altius Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altius Minerals' price. Additionally, you may evaluate how the addition of Altius Minerals to your portfolios can decrease your overall portfolio volatility.
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