Alumina Limited Stock Current Liabilities

AWCMF Stock  USD 0.97  0.13  15.48%   
Alumina Limited fundamentals help investors to digest information that contributes to Alumina's financial success or failures. It also enables traders to predict the movement of Alumina OTC Stock. The fundamental analysis module provides a way to measure Alumina'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 Alumina otc stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Alumina Current Liabilities Analysis

Alumina's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.

Current Liabilities

 = 

Payables

+

Accrued Debt

More About Current Liabilities | All Equity Analysis

Current Alumina Current Liabilities

    
  4 M  
Most of Alumina's fundamental indicators, such as Current Liabilities, 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, Alumina Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
Competition

In accordance with the recently published financial statements, Alumina Limited has a Current Liabilities of 4 M. This is 99.94% lower than that of the Basic Materials sector and 99.98% lower than that of the Aluminum industry. The current liabilities for all United States stocks is 99.95% higher than that of the company.

Alumina Current Liabilities Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alumina's direct or indirect competition against its Current Liabilities to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Alumina could also be used in its relative valuation, which is a method of valuing Alumina by comparing valuation metrics of similar companies.
Alumina is rated third in current liabilities category among related companies.

Alumina Fundamentals

About Alumina Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Alumina Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alumina using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alumina Limited based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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.
Alumina Limited, through its 40 percent interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting businesses. Alumina Limited was incorporated in 1970 and is headquartered in Southbank, Australia. ALUMINA operates under Aluminum classification in the United States and is traded on OTC Exchange.

Pair Trading with Alumina

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 Alumina 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 Alumina will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alumina OTC Stock

  0.77NHYDY Norsk Hydro ASAPairCorr
  0.69ALMMF AluminumPairCorr
  0.87ACHHY AluminumPairCorr

Moving against Alumina OTC Stock

  0.65NHYKF Norsk Hydro ASAPairCorr
  0.58AAGH America Great HealthPairCorr
The ability to find closely correlated positions to Alumina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alumina 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 Alumina - 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 Alumina Limited to buy it.
The correlation of Alumina 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 Alumina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alumina Limited 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 Alumina 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.
Pair CorrelationCorrelation Matching
Check out Alumina Piotroski F Score and Alumina Altman Z Score analysis.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running Alumina's price analysis, check to measure Alumina'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 Alumina is operating at the current time. Most of Alumina's value examination focuses on studying past and present price action to predict the probability of Alumina's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alumina's price. Additionally, you may evaluate how the addition of Alumina to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Alumina's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alumina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alumina'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.