Alliance Resource Partners Stock Net Asset
| ARLP Stock | USD 22.26 0.38 1.68% |
Alliance Resource Partners fundamentals help investors to digest information that contributes to Alliance Resource's financial success or failures. It also enables traders to predict the movement of Alliance Stock. The fundamental analysis module provides a way to measure Alliance Resource's 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 Alliance Resource stock.
Alliance | Net Asset |
Alliance Resource Partners Company Net Asset Analysis
Alliance Resource's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Alliance Resource Net Asset | 2.79 B |
Most of Alliance Resource's fundamental indicators, such as Net 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, Alliance Resource Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Alliance Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Alliance Resource is extremely important. It helps to project a fair market value of Alliance Stock properly, considering its historical fundamentals such as Net Asset. Since Alliance Resource's 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 Alliance Resource's 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 Alliance Resource's interrelated accounts and indicators.
Click cells to compare fundamentals
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Alliance Total Assets
Total Assets |
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Based on the recorded statements, Alliance Resource Partners has a Net Asset of 2.79 B. This is much higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The net asset for all United States stocks is notably lower than that of the firm.
Alliance Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alliance Resource's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Alliance Resource could also be used in its relative valuation, which is a method of valuing Alliance Resource by comparing valuation metrics of similar companies.Alliance Resource is currently under evaluation in net asset category among related companies.
Alliance Resource Current Valuation Drivers
We derive many important indicators used in calculating different scores of Alliance Resource from analyzing Alliance Resource's financial statements. These drivers represent accounts that assess Alliance Resource's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Alliance Resource's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.4B | 569.7M | 1.6B | 2.6B | 2.7B | 2.8B | |
| Enterprise Value | 2.2B | 1.1B | 1.9B | 2.7B | 3.0B | 1.6B |
Alliance Resource Institutional Holders
Institutional Holdings refers to the ownership stake in Alliance Resource that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Alliance Resource's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Alliance Resource's value.| Shares | Raymond James Finl Svs Advisors, Inc. | 2023-12-31 | 348.2 K | Hightower Advisors, Llc | 2023-12-31 | 312.5 K | Adams Asset Advisors Llc | 2024-03-31 | 310.9 K | Fairbanks Capital Management, Inc. | 2023-12-31 | 286.4 K | First Trust Advisors L.p. | 2023-12-31 | 279.6 K | Prescott Group Capital Management Llc | 2023-12-31 | 263.1 K | Full Sail Capital, Llc | 2023-12-31 | 252.2 K | Keybank National Association | 2023-12-31 | 200.8 K | Crescent Grove Advisors, Llc | 2023-12-31 | 169.5 K | Magnolia Group, Llc | 2023-12-31 | 3.2 M | Progeny 3, Inc. | 2023-12-31 | 2.6 M |
Alliance Fundamentals
| Return On Equity | 0.33 | ||||
| Return On Asset | 0.13 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.25 % | ||||
| Current Valuation | 3.19 B | ||||
| Shares Outstanding | 128.06 M | ||||
| Shares Owned By Insiders | 30.11 % | ||||
| Shares Owned By Institutions | 18.13 % | ||||
| Number Of Shares Shorted | 4.15 M | ||||
| Price To Earning | 7.18 X | ||||
| Price To Book | 1.47 X | ||||
| Price To Sales | 1.05 X | ||||
| Revenue | 2.57 B | ||||
| Gross Profit | 1.01 B | ||||
| EBITDA | 940.38 M | ||||
| Net Income | 630.12 M | ||||
| Cash And Equivalents | 278.47 M | ||||
| Cash Per Share | 2.19 X | ||||
| Total Debt | 350.82 M | ||||
| Debt To Equity | 0.30 % | ||||
| Current Ratio | 2.34 X | ||||
| Book Value Per Share | 14.82 X | ||||
| Cash Flow From Operations | 830.64 M | ||||
| Short Ratio | 10.68 X | ||||
| Earnings Per Share | 4.57 X | ||||
| Price To Earnings To Growth | (1.04) X | ||||
| Target Price | 26.0 | ||||
| Number Of Employees | 3.6 K | ||||
| Beta | 1.16 | ||||
| Market Capitalization | 2.85 B | ||||
| Total Asset | 2.79 B | ||||
| Retained Earnings | 577.42 M | ||||
| Working Capital | 288.65 M | ||||
| Current Asset | 314.9 M | ||||
| Current Liabilities | 422.15 M | ||||
| Annual Yield | 0.13 % | ||||
| Five Year Return | 16.80 % | ||||
| Net Asset | 2.79 B | ||||
| Last Dividend Paid | 2.8 |
About Alliance Resource Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alliance Resource Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alliance Resource using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alliance Resource Partners 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.
Alliance Resource Investors Sentiment
The influence of Alliance Resource's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alliance. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Alliance Resource's public news can be used to forecast risks associated with an investment in Alliance. The trend in average sentiment can be used to explain how an investor holding Alliance can time the market purely based on public headlines and social activities around Alliance Resource Partners. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Alliance Resource's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alliance Resource's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alliance Resource's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alliance Resource.
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 Alliance Resource 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, Alliance Resource's short interest history, or implied volatility extrapolated from Alliance Resource options trading.
Pair Trading with Alliance Resource
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 Alliance Resource 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 Alliance Resource will appreciate offsetting losses from the drop in the long position's value.Moving against Alliance Stock
| 0.82 | BTU | Peabody Energy Corp | PairCorr |
| 0.61 | HNRG | Hallador Energy Financial Report 13th of May 2024 | PairCorr |
The ability to find closely correlated positions to Alliance Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alliance Resource 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 Alliance Resource - 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 Alliance Resource Partners to buy it.
The correlation of Alliance Resource 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 Alliance Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alliance Resource 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 Alliance Resource 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 Alliance Resource Piotroski F Score and Alliance Resource Altman Z Score analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Alliance Stock analysis
When running Alliance Resource's price analysis, check to measure Alliance Resource's 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 Alliance Resource is operating at the current time. Most of Alliance Resource's value examination focuses on studying past and present price action to predict the probability of Alliance Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alliance Resource's price. Additionally, you may evaluate how the addition of Alliance Resource to your portfolios can decrease your overall portfolio volatility.
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Is Alliance Resource's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alliance Resource. If investors know Alliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alliance Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Dividend Share 2.8 | Earnings Share 4.57 | Revenue Per Share 20.078 | Quarterly Revenue Growth (0.02) |
The market value of Alliance Resource is measured differently than its book value, which is the value of Alliance that is recorded on the company's balance sheet. Investors also form their own opinion of Alliance Resource's value that differs from its market value or its book value, called intrinsic value, which is Alliance Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alliance Resource's market value can be influenced by many factors that don't directly affect Alliance Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alliance Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliance Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliance Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.