Alphamin Property Plant Equipment vs Net Tangible Assets Analysis
AFM Stock | CAD 1.10 0.02 1.79% |
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 Property Plant Equipment and its Net Tangible Assets 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.
Property Plant Equipment vs Net Tangible Assets
Property Plant Equipment vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alphamin Res Property Plant Equipment account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Alphamin Res' Property Plant Equipment and Net Tangible Assets is 0.79. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Tangible Assets 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' Property Plant Equipment and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Alphamin Res are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Property Plant Equipment i.e., Alphamin Res' Property Plant Equipment and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant Equipment
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.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
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Alphamin Res Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
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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.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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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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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