Alamos Net Income vs Change In Working Capital Analysis
AGI Stock | USD 15.42 0.23 1.47% |
Alamos Gold financial indicator trend analysis is way more than just evaluating Alamos Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alamos Gold is a good investment. Please check the relationship between Alamos Gold Net Income and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alamos Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Alamos Stock please use our How to Invest in Alamos Gold guide.
Net Income vs Change In Working Capital
Net Income vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alamos Gold Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alamos Gold's Net Income and Change In Working Capital is -0.3. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Alamos Gold, assuming nothing else is changed. The correlation between historical values of Alamos Gold's Net Income and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Alamos Gold are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Alamos Gold's Net Income and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.3 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Alamos Gold financial statement analysis. It represents the amount of money remaining after all of Alamos Gold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most indicators from Alamos Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alamos Gold 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 Alamos Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Alamos Stock please use our How to Invest in Alamos Gold guide.As of now, Alamos Gold's Enterprise Value Over EBITDA is increasing as compared to previous years. The Alamos Gold's current Enterprise Value Multiple is estimated to increase to 10.42, while Issuance Of Capital Stock is projected to decrease to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 823.6M | 821.2M | 1.0B | 1.1B | Depreciation And Amortization | 170.9M | 171.5M | 200.6M | 210.6M |
Alamos Gold fundamental ratios Correlations
Click cells to compare fundamentals
Alamos Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alamos Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.4B | 3.6B | 3.6B | 3.7B | 4.0B | 4.2B | |
Net Debt | (182M) | (220M) | (172.1M) | (129.4M) | (222.7M) | (211.5M) | |
Retained Earnings | (1.1B) | (958.1M) | (1.0B) | (1.0B) | (872.3M) | (828.7M) | |
Cash | 182.8M | 220.5M | 172.5M | 129.8M | 223.6M | 148.1M | |
Non Current Assets Total | 3.0B | 3.2B | 3.2B | 3.2B | 3.4B | 3.6B | |
Common Stock Total Equity | 3.7B | 3.7B | 3.7B | 3.7B | 4.3B | 4.5B | |
Common Stock Shares Outstanding | 393.4M | 394.9M | 392.6M | 394.5M | 398.1M | 418.0M | |
Liabilities And Stockholders Equity | 3.4B | 3.6B | 3.6B | 3.7B | 4.0B | 4.2B | |
Property Plant And Equipment Gross | 2.9B | 3.1B | 4.9B | 5.1B | 5.5B | 5.7B | |
Total Current Assets | 394.3M | 473.4M | 459.4M | 441M | 583.0M | 612.2M | |
Other Current Liab | 8.2M | 28.7M | 19.4M | 33.9M | 36.5M | 38.3M | |
Total Current Liabilities | 127.3M | 146.9M | 157.4M | 181.9M | 246.6M | 259.0M | |
Total Stockholder Equity | 2.7B | 2.9B | 2.7B | 2.7B | 2.9B | 3.1B | |
Property Plant And Equipment Net | 2.9B | 3.1B | 3.1B | 3.2B | 3.3B | 3.5B | |
Non Currrent Assets Other | 68.8M | 61.8M | 53.6M | 59.4M | 45.9M | 48.2M | |
Cash And Short Term Investments | 205.6M | 264.2M | 196.4M | 148.4M | 236.6M | 172.6M | |
Net Receivables | 42M | 34.7M | 39.8M | 37.2M | 53.1M | 55.8M | |
Other Current Assets | 19.8M | 26M | 24.2M | 21.2M | 23.5M | 24.7M | |
Total Liab | 701.2M | 785M | 885.9M | 953.1M | 1.1B | 1.1B | |
Common Stock | 3.7B | 3.7B | 3.7B | 3.7B | 3.7B | 3.9B | |
Short Long Term Debt Total | 2.6M | 800K | 500K | 400K | 994.9K | 945.1K | |
Other Liab | 573.9M | 635.7M | 726.7M | 770M | 885.5M | 929.8M | |
Net Tangible Assets | 2.7B | 2.9B | 2.7B | 2.7B | 3.1B | 3.3B | |
Accounts Payable | 118.3M | 117.7M | 137.6M | 147.6M | 169.6M | 178.1M | |
Other Assets | 68.8M | 61.8M | 53.6M | 59.4M | 68.3M | 56.3M | |
Short Term Investments | 22.8M | 43.7M | 23.9M | 18.6M | 12.9M | 19.5M | |
Inventory | 126.9M | 148.5M | 199M | 234.2M | 269.8M | 283.3M | |
Other Stockholder Equity | 91.2M | 90.7M | 88.5M | 89.5M | 88.1M | 119.7M | |
Accumulated Other Comprehensive Income | (200K) | 18.2M | 1.9M | (24.8M) | (26.8M) | (25.4M) | |
Short Term Debt | 2.6M | 800K | 500K | 400K | 398.0K | 378.1K | |
Property Plant Equipment | 2.9B | 3.1B | 3.1B | 3.2B | 3.6B | 3.8B | |
Capital Surpluse | 89.5M | 87.3M | 90.7M | 88.5M | 102.9M | 92.0M |
Pair Trading with Alamos Gold
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 Alamos Gold 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 Alamos Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Alamos Stock
0.96 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.95 | FNV | Franco Nevada | PairCorr |
0.95 | KGC | Kinross Gold Aggressive Push | PairCorr |
0.91 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
Moving against Alamos Stock
0.82 | X | United States Steel | PairCorr |
0.8 | PKX | POSCO Holdings | PairCorr |
The ability to find closely correlated positions to Alamos Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alamos Gold 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 Alamos Gold - 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 Alamos Gold to buy it.
The correlation of Alamos Gold 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 Alamos Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alamos Gold 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 Alamos Gold 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 Alamos Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Alamos Stock please use our How to Invest in Alamos Gold guide.Note that the Alamos Gold information on this page should be used as a complementary analysis to other Alamos Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Alamos Stock analysis
When running Alamos Gold's price analysis, check to measure Alamos Gold'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 Alamos Gold is operating at the current time. Most of Alamos Gold's value examination focuses on studying past and present price action to predict the probability of Alamos Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alamos Gold's price. Additionally, you may evaluate how the addition of Alamos Gold to your portfolios can decrease your overall portfolio volatility.
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Is Alamos Gold'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 Alamos Gold. If investors know Alamos 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 Alamos Gold 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 (0.12) | Dividend Share 0.1 | Earnings Share 0.52 | Revenue Per Share 2.649 | Quarterly Revenue Growth 0.104 |
The market value of Alamos Gold is measured differently than its book value, which is the value of Alamos that is recorded on the company's balance sheet. Investors also form their own opinion of Alamos Gold's value that differs from its market value or its book value, called intrinsic value, which is Alamos Gold'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 Alamos Gold's market value can be influenced by many factors that don't directly affect Alamos Gold'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 Alamos Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alamos Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alamos Gold'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.