Alphamin Capex To Depreciation vs Ptb Ratio Analysis

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Alphamin Res financial indicator trend analysis is way more than just evaluating Alphamin Res prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alphamin Res is a good investment. Please check the relationship between Alphamin Res Capex To Depreciation and its Ptb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alphamin Res. 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.

Capex To Depreciation vs Ptb Ratio

Capex To Depreciation vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alphamin Res Capex To Depreciation account and Ptb Ratio. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Alphamin Res' Capex To Depreciation and Ptb Ratio is 0.12. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Alphamin Res, assuming nothing else is changed. The correlation between historical values of Alphamin Res' Capex To Depreciation and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Alphamin Res are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Capex To Depreciation i.e., Alphamin Res' Capex To Depreciation and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Alphamin Res' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alphamin Res current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alphamin Res. 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.

At this time, Alphamin Res' Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 7.41 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 8.6 M in 2024.

Alphamin Res fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Short Term Debt	Other Current Assets	Other Assets	Other Current Liab	Current Deferred Revenue	Net Tangible Assets	Property Plant Equipment	Short Term Investments	Non Currrent Assets Other
Total Assets		0.97	0.99	0.97	0.48	0.59	0.78	0.24	0.98	0.24	0.91	0.98	0.12	0.96	0.91	0.98	0.59	0.75	0.66	0.95	0.43	0.89	0.97	0.89	0.93	0.9
Total Current Liabilities	0.97		0.97	0.93	0.47	0.68	0.83	0.16	0.94	0.16	0.92	0.94	0.13	0.92	0.9	0.93	0.51	0.79	0.64	0.99	0.37	0.9	0.98	0.82	0.87	0.95
Total Stockholder Equity	0.99	0.97		0.93	0.36	0.66	0.73	0.29	0.94	0.29	0.93	0.95	0.1	0.89	0.94	0.98	0.46	0.73	0.72	0.96	0.46	0.94	0.98	0.83	0.87	0.94
Property Plant And Equipment Net	0.97	0.93	0.93		0.64	0.45	0.83	0.13	1.0	0.13	0.86	0.96	0.11	0.98	0.79	0.96	0.73	0.81	0.5	0.9	0.31	0.8	0.92	0.9	0.96	0.84
Net Debt	0.48	0.47	0.36	0.64		-0.09	0.71	-0.57	0.63	-0.57	0.44	0.51	0.09	0.66	0.11	0.45	0.87	0.69	-0.11	0.42	-0.41	0.23	0.4	0.54	0.64	0.31
Retained Earnings	0.59	0.68	0.66	0.45	-0.09		0.53	0.33	0.47	0.33	0.68	0.44	0.05	0.43	0.75	0.48	-0.11	0.49	0.54	0.7	0.4	0.77	0.75	0.31	0.34	0.79
Accounts Payable	0.78	0.83	0.73	0.83	0.71	0.53		-0.16	0.83	-0.16	0.79	0.71	0.09	0.79	0.54	0.7	0.62	0.95	0.13	0.81	-0.02	0.7	0.81	0.6	0.71	0.78
Cash	0.24	0.16	0.29	0.13	-0.57	0.33	-0.16		0.13	1.0	0.03	0.21	0.0	0.14	0.44	0.24	-0.16	-0.25	0.37	0.18	0.93	0.25	0.21	0.24	0.14	0.18
Non Current Assets Total	0.98	0.94	0.94	1.0	0.63	0.47	0.83	0.13		0.13	0.87	0.96	0.11	0.98	0.8	0.96	0.72	0.81	0.51	0.91	0.32	0.81	0.93	0.9	0.96	0.85
Cash And Short Term Investments	0.24	0.16	0.29	0.13	-0.57	0.33	-0.16	1.0	0.13		0.03	0.21	0.0	0.14	0.44	0.24	-0.16	-0.25	0.37	0.18	0.93	0.25	0.21	0.24	0.14	0.18
Net Receivables	0.91	0.92	0.93	0.86	0.44	0.68	0.79	0.03	0.87	0.03		0.85	0.13	0.81	0.86	0.88	0.39	0.82	0.66	0.89	0.18	0.95	0.95	0.7	0.78	0.91
Common Stock Shares Outstanding	0.98	0.94	0.95	0.96	0.51	0.44	0.71	0.21	0.96	0.21	0.85		0.12	0.95	0.87	0.99	0.63	0.69	0.67	0.91	0.42	0.82	0.91	0.92	0.94	0.83
Other Stockholder Equity	0.12	0.13	0.1	0.11	0.09	0.05	0.09	0.0	0.11	0.0	0.13	0.12		0.14	0.12	0.16	0.09	0.05	0.12	0.13	0.05	0.05	0.13	0.16	0.15	0.11
Total Liab	0.96	0.92	0.89	0.98	0.66	0.43	0.79	0.14	0.98	0.14	0.81	0.95	0.14		0.78	0.92	0.77	0.72	0.52	0.88	0.34	0.74	0.88	0.93	0.97	0.78
Total Current Assets	0.91	0.9	0.94	0.79	0.11	0.75	0.54	0.44	0.8	0.44	0.86	0.87	0.12	0.78		0.89	0.24	0.52	0.87	0.89	0.6	0.92	0.92	0.75	0.75	0.88
Common Stock	0.98	0.93	0.98	0.96	0.45	0.48	0.7	0.24	0.96	0.24	0.88	0.99	0.16	0.92	0.89		0.57	0.71	0.68	0.92	0.43	0.87	0.93	0.89	0.93	0.87
Short Long Term Debt Total	0.59	0.51	0.46	0.73	0.87	-0.11	0.62	-0.16	0.72	-0.16	0.39	0.63	0.09	0.77	0.24	0.57		0.57	0.01	0.46	-0.03	0.26	0.44	0.77	0.75	0.31
Short Term Debt	0.75	0.79	0.73	0.81	0.69	0.49	0.95	-0.25	0.81	-0.25	0.82	0.69	0.05	0.72	0.52	0.71	0.57		0.17	0.78	-0.14	0.74	0.8	0.55	0.67	0.8
Other Current Assets	0.66	0.64	0.72	0.5	-0.11	0.54	0.13	0.37	0.51	0.37	0.66	0.67	0.12	0.52	0.87	0.68	0.01	0.17		0.62	0.52	0.71	0.66	0.59	0.54	0.62
Other Assets	0.95	0.99	0.96	0.9	0.42	0.7	0.81	0.18	0.91	0.18	0.89	0.91	0.13	0.88	0.89	0.92	0.46	0.78	0.62		0.4	0.88	0.97	0.79	0.83	0.97
Other Current Liab	0.43	0.37	0.46	0.31	-0.41	0.4	-0.02	0.93	0.32	0.93	0.18	0.42	0.05	0.34	0.6	0.43	-0.03	-0.14	0.52	0.4		0.34	0.39	0.45	0.36	0.36
Current Deferred Revenue	0.89	0.9	0.94	0.8	0.23	0.77	0.7	0.25	0.81	0.25	0.95	0.82	0.05	0.74	0.92	0.87	0.26	0.74	0.71	0.88	0.34		0.94	0.65	0.7	0.91
Net Tangible Assets	0.97	0.98	0.98	0.92	0.4	0.75	0.81	0.21	0.93	0.21	0.95	0.91	0.13	0.88	0.92	0.93	0.44	0.8	0.66	0.97	0.39	0.94		0.79	0.85	0.97
Property Plant Equipment	0.89	0.82	0.83	0.9	0.54	0.31	0.6	0.24	0.9	0.24	0.7	0.92	0.16	0.93	0.75	0.89	0.77	0.55	0.59	0.79	0.45	0.65	0.79		0.94	0.68
Short Term Investments	0.93	0.87	0.87	0.96	0.64	0.34	0.71	0.14	0.96	0.14	0.78	0.94	0.15	0.97	0.75	0.93	0.75	0.67	0.54	0.83	0.36	0.7	0.85	0.94		0.74
Non Currrent Assets Other	0.9	0.95	0.94	0.84	0.31	0.79	0.78	0.18	0.85	0.18	0.91	0.83	0.11	0.78	0.88	0.87	0.31	0.8	0.62	0.97	0.36	0.91	0.97	0.68	0.74

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Alphamin Res Account Relationship Matchups

Alphamin Res fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	318.6M	297.7M	421.1M	490.1M	516.8M	542.6M
Total Current Liabilities	56.1M	56.1M	79.2M	90.3M	109.5M	115.0M
Total Stockholder Equity	145.2M	171.7M	274.7M	320.4M	312.8M	328.4M
Property Plant And Equipment Net	257.4M	242.2M	241.3M	272.8M	365.2M	383.5M
Net Debt	90.6M	64.0M	21.2M	(64.9M)	79.2M	83.1M
Retained Earnings	(43.9M)	(48.6M)	(433.3K)	38.8M	30.0M	31.5M
Accounts Payable	18.6M	11.1M	3.0M	7.4M	38.4M	40.4M
Cash	5.9M	6.7K	8.2K	74.7M	9.6K	9.1K
Non Current Assets Total	265.8M	255.0M	254.8M	290.6M	387.3M	406.6M
Cash And Short Term Investments	5.9M	6.7K	8.2K	74.7M	9.6K	9.1K
Common Stock Shares Outstanding	1.0B	1.1B	1.3B	1.3B	1.3B	1.3B
Liabilities And Stockholders Equity	318.6M	297.7M	421.1M	490.1M	516.8M	542.6M
Other Stockholder Equity	8.4M	8.9M	9.5M	8.4M	9.7M	7.5M
Total Liab	144.0M	99.8M	110.4M	122.7M	151.2M	158.8M
Total Current Assets	52.8M	42.7M	166.3M	199.5M	129.5M	136.0M
Common Stock	180.8M	211.5M	265.6M	273.2M	273.5M	287.2M
Short Long Term Debt Total	96.5M	64.0M	21.2M	9.8M	79.2M	44.3M
Accumulated Other Comprehensive Income	8.4M	8.9M	9.5M	8.4M	9.2M	6.9M
Other Current Assets	5.4M	9.9M	93.7M	66.6M	27.3M	15.9M
Other Assets	8.3M	12.8M	13.5M	17.8M	20.5M	21.5M
Other Current Liab	8.0M	11.9M	4.6M	76.1M	538.5K	511.6K
Net Tangible Assets	145.2M	171.7M	274.7M	320.4M	368.5M	386.9M
Property Plant Equipment	257.4M	242.2M	241.3M	272.8M	313.7M	173.9M
Non Currrent Assets Other	264.1K	10.5M	13.5M	17.8M	22.0M	23.1M
Inventory	27.8M	21.9M	20.7M	24.8M	41.8M	43.9M
Non Current Liabilities Total	87.9M	43.7M	31.3M	32.4M	41.8M	46.3M
Other Liab	8.2M	6.8M	29.2M	29.4M	33.8M	35.5M
Long Term Debt	80.9M	78.2M	34.8M	5.1M	4.6M	4.4M
Net Invested Capital	239.8M	232.4M	291.8M	324.8M	383.8M	279.6M
Net Working Capital	(3.3M)	(13.4M)	87.2M	109.2M	20.0M	34.4M
Capital Stock	180.8M	211.5M	265.6M	273.2M	273.5M	252.6M

Pair Trading with Alphamin Res

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

Moving together with Alphamin Stock

0.87	IE	Ivanhoe Energy	Pair Corr
0.89	FDY	Faraday Copper Corp	Pair Corr
0.89	GOOG	Alphabet CDR	Pair Corr

The ability to find closely correlated positions to Alphamin Res could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alphamin Res 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 Alphamin Res - 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 Alphamin Res to buy it.

The correlation of Alphamin Res 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 Alphamin Res moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alphamin Res 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 Alphamin Res 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 Correlation Correlation Matching

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alphamin Res. 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Alphamin Stock analysis

When running Alphamin Res' price analysis, check to measure Alphamin Res' 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 Alphamin Res is operating at the current time. Most of Alphamin Res' value examination focuses on studying past and present price action to predict the probability of Alphamin Res' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alphamin Res' price. Additionally, you may evaluate how the addition of Alphamin Res to your portfolios can decrease your overall portfolio volatility.

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

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Alphamin Capex To Depreciation vs Ptb Ratio Analysis

Capex To Depreciation vs Ptb Ratio

Capex To Depreciation vs Ptb Ratio Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Ptb Ratio

Alphamin Res fundamental ratios Correlations

Alphamin Res Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alphamin Res fundamental ratios Accounts

Pair Trading with Alphamin Res

Moving together with Alphamin Stock

Complementary Tools for Alphamin Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Common Stock Shares Outstanding
Non Current Assets Total	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.57	Net Debt
Cash	- 0.57	Net Debt
Other Current Liab	- 0.41	Net Debt
Short Term Debt	- 0.25	Cash And Short Term Investments
Short Term Debt	- 0.25	Cash
Short Long Term Debt Total	- 0.16	Cash And Short Term Investments