Altius Net Income from 2010 to 2024

ALS Stock  CAD 20.55  0.08  0.39%   
Altius Minerals Net Income yearly trend continues to be very stable with very little volatility. Net Income is likely to grow to about 10 M this year. During the period from 2010 to 2024, Altius Minerals Net Income quarterly data regression pattern had sample variance of 826.2 T and median of (268,467). View All Fundamentals
 
Net Income  
First Reported
2002-06-30
Previous Quarter
3.7 M
Current Value
-2.3 M
Quarterly Volatility
16 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Altius Minerals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altius main balance sheet or income statement drivers, such as Depreciation And Amortization of 29.3 M, Interest Expense of 12.3 M or Selling General Administrative of 16.2 M, as well as many exotic indicators such as Short Term Coverage Ratios of 8.77, Price Earnings Ratio of 23.21 or Price To Sales Ratio of 11.96. Altius financial statements analysis is a perfect complement when working with Altius Minerals Valuation or Volatility modules.
  
This module can also supplement various Altius Minerals Technical models . Check out the analysis of Altius Minerals Correlation against competitors.

Latest Altius Minerals' Net Income Growth Pattern

Below is the plot of the Net Income of Altius Minerals over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Altius Minerals financial statement analysis. It represents the amount of money remaining after all of Altius Minerals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Altius Minerals' Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Altius Minerals' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 9.54 M10 Years Trend
Slightly volatile
   Net Income   
       Timeline  

Altius Net Income Regression Statistics

Arithmetic Mean(4,418,174)
Geometric Mean13,262,015
Coefficient Of Variation(650.60)
Mean Deviation22,635,970
Median(268,467)
Standard Deviation28,744,456
Sample Variance826.2T
Range105M
R-Value0.47
Mean Square Error689.6T
R-Squared0.22
Significance0.07
Slope3,048,683
Total Sum of Squares11567.4T

Altius Net Income History

202410 M
20239.5 M
202237.5 M
202140 M
2020-26.2 M
201917.5 M
20181.9 M

About Altius Minerals Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Altius Minerals income statement, its balance sheet, and the statement of cash flows. Altius Minerals investors use historical funamental indicators, such as Altius Minerals's Net Income, to determine how well the company is positioned to perform in the future. Although Altius Minerals investors may use each financial statement separately, they are all related. The changes in Altius Minerals's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Altius Minerals's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Altius Minerals Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Altius Minerals. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Net Income9.5 M10 M
Net Income From Continuing Ops10.1 M10.6 M
Net Income Applicable To Common Shares43.1 M45.3 M
Net Income Per E B T 0.65  0.68 

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 together with Altius Stock

  0.83WRN Western Copper AndPairCorr
  0.67ETG Entree ResourcesPairCorr

Moving against Altius Stock

  0.62CFF Conifex TimberPairCorr
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.
Pair CorrelationCorrelation Matching
Check out the analysis of Altius Minerals Correlation against competitors.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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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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Please note, there is a significant difference between Altius Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Altius Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altius Minerals' 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.