Altius Common Stock vs Net Receivables Analysis

ALS Stock

CAD 22.29 0.48 2.20%

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

Common Stock vs Net Receivables

Common Stock vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altius Minerals Common Stock account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Altius Minerals' Common Stock and Net Receivables is 0.54. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Altius Minerals, assuming nothing else is changed. The correlation between historical values of Altius Minerals' Common Stock and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Altius Minerals are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Common Stock i.e., Altius Minerals' Common Stock and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Common Stock

Net Receivables

Most indicators from Altius Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altius Minerals 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 Altius Minerals. 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, Altius Minerals' Selling General Administrative is very stable compared to the past year. As of the 10th of May 2024, Tax Provision is likely to grow to about 5.4 M, while Sales General And Administrative To Revenue is likely to drop 0.29.

	2021	2022	2023	2024 (projected)
Gross Profit	34.3M	53.7M	47.4M	49.8M
Total Revenue	63.2M	84.1M	68.7M	72.1M

Gross Profit Total Revenue

Altius Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Investments	Short Term Debt	Accounts Payable	Other Stockholder Equity	Short Long Term Debt Total	Non Currrent Assets Other	Other Liab	Net Tangible Assets
Total Assets		0.81	0.39	0.97	0.79	0.35	-0.45	0.71	0.96	0.16	0.66	0.74	0.78	0.88	0.84	0.9	0.3	0.92	-0.15	-0.36	0.25	0.21	0.43	-0.05	0.75	0.78
Other Current Liab	0.81		-0.01	0.77	0.56	-0.03	-0.38	0.87	0.69	0.42	0.45	0.41	0.43	0.6	0.53	0.74	0.52	0.74	0.08	-0.22	0.06	0.35	0.34	-0.45	0.57	0.76
Total Current Liabilities	0.39	-0.01		0.28	0.43	0.88	-0.22	-0.21	0.55	-0.46	0.37	0.38	0.42	0.7	0.77	0.33	-0.41	0.21	-0.36	-0.27	0.6	-0.2	0.32	0.23	0.43	0.06
Total Stockholder Equity	0.97	0.77	0.28		0.77	0.24	-0.34	0.73	0.9	0.3	0.63	0.76	0.83	0.79	0.73	0.85	0.43	0.91	-0.06	-0.21	0.25	0.28	0.45	0.05	0.7	0.74
Property Plant And Equipment Net	0.79	0.56	0.43	0.77		0.46	-0.78	0.39	0.85	-0.09	0.76	0.88	0.8	0.87	0.8	0.95	0.04	0.82	-0.24	-0.49	0.21	0.08	0.1	0.31	0.96	0.59
Net Debt	0.35	-0.03	0.88	0.24	0.46		-0.42	-0.28	0.56	-0.74	0.21	0.44	0.39	0.69	0.74	0.34	-0.65	0.32	-0.68	-0.56	0.28	-0.36	-0.02	0.38	0.42	0.12
Retained Earnings	-0.45	-0.38	-0.22	-0.34	-0.78	-0.42		-0.17	-0.56	0.41	-0.46	-0.62	-0.4	-0.61	-0.56	-0.74	0.29	-0.61	0.48	0.76	0.17	0.15	0.35	-0.18	-0.73	-0.47
Cash	0.71	0.87	-0.21	0.73	0.39	-0.28	-0.17		0.53	0.63	0.24	0.3	0.36	0.38	0.29	0.59	0.71	0.67	0.21	-0.05	0.08	0.35	0.32	-0.39	0.39	0.7
Non Current Assets Total	0.96	0.69	0.55	0.9	0.85	0.56	-0.56	0.53		-0.08	0.66	0.8	0.8	0.96	0.93	0.91	0.06	0.9	-0.34	-0.52	0.26	0.04	0.29	0.11	0.8	0.73
Cash And Short Term Investments	0.16	0.42	-0.46	0.3	-0.09	-0.74	0.41	0.63	-0.08		0.15	-0.08	0.08	-0.21	-0.27	0.05	0.98	0.04	0.79	0.68	0.16	0.67	0.53	-0.43	-0.05	0.21
Net Receivables	0.66	0.45	0.37	0.63	0.76	0.21	-0.46	0.24	0.66	0.15		0.66	0.64	0.64	0.63	0.77	0.23	0.54	0.06	-0.12	0.23	0.38	0.37	0.07	0.7	0.51
Common Stock Total Equity	0.74	0.41	0.38	0.76	0.88	0.44	-0.62	0.3	0.8	-0.08	0.66		0.96	0.78	0.72	0.82	0.08	0.8	-0.27	-0.46	0.14	0.04	0.16	0.43	0.79	0.65
Common Stock Shares Outstanding	0.78	0.43	0.42	0.83	0.8	0.39	-0.4	0.36	0.8	0.08	0.64	0.96		0.75	0.71	0.76	0.22	0.78	-0.13	-0.26	0.26	0.13	0.38	0.39	0.72	0.61
Non Current Liabilities Total	0.88	0.6	0.7	0.79	0.87	0.69	-0.61	0.38	0.96	-0.21	0.64	0.78	0.75		0.98	0.88	-0.08	0.79	-0.33	-0.55	0.34	-0.02	0.26	0.13	0.86	0.6
Total Liab	0.84	0.53	0.77	0.73	0.8	0.74	-0.56	0.29	0.93	-0.27	0.63	0.72	0.71	0.98		0.81	-0.15	0.72	-0.35	-0.52	0.37	-0.05	0.33	0.11	0.79	0.53
Property Plant And Equipment Gross	0.9	0.74	0.33	0.85	0.95	0.34	-0.74	0.59	0.91	0.05	0.77	0.82	0.76	0.88	0.81		0.18	0.89	-0.19	-0.51	0.15	0.15	0.16	0.09	0.92	0.75
Total Current Assets	0.3	0.52	-0.41	0.43	0.04	-0.65	0.29	0.71	0.06	0.98	0.23	0.08	0.22	-0.08	-0.15	0.18		0.2	0.7	0.57	0.16	0.69	0.55	-0.4	0.08	0.4
Common Stock	0.92	0.74	0.21	0.91	0.82	0.32	-0.61	0.67	0.9	0.04	0.54	0.8	0.78	0.79	0.72	0.89	0.2		-0.35	-0.5	0.02	0.09	0.16	0.12	0.71	0.8
Short Term Investments	-0.15	0.08	-0.36	-0.06	-0.24	-0.68	0.48	0.21	-0.34	0.79	0.06	-0.27	-0.13	-0.33	-0.35	-0.19	0.7	-0.35		0.75	0.13	0.63	0.42	-0.4	-0.09	-0.23
Short Term Debt	-0.36	-0.22	-0.27	-0.21	-0.49	-0.56	0.76	-0.05	-0.52	0.68	-0.12	-0.46	-0.26	-0.55	-0.52	-0.51	0.57	-0.5	0.75		0.21	0.57	0.53	-0.25	-0.45	-0.43
Accounts Payable	0.25	0.06	0.6	0.25	0.21	0.28	0.17	0.08	0.26	0.16	0.23	0.14	0.26	0.34	0.37	0.15	0.16	0.02	0.13	0.21		-0.17	0.54	0.0	0.26	-0.02
Other Stockholder Equity	0.21	0.35	-0.2	0.28	0.08	-0.36	0.15	0.35	0.04	0.67	0.38	0.04	0.13	-0.02	-0.05	0.15	0.69	0.09	0.63	0.57	-0.17		0.44	-0.32	0.12	0.21
Short Long Term Debt Total	0.43	0.34	0.32	0.45	0.1	-0.02	0.35	0.32	0.29	0.53	0.37	0.16	0.38	0.26	0.33	0.16	0.55	0.16	0.42	0.53	0.54	0.44		-0.37	0.1	0.22
Non Currrent Assets Other	-0.05	-0.45	0.23	0.05	0.31	0.38	-0.18	-0.39	0.11	-0.43	0.07	0.43	0.39	0.13	0.11	0.09	-0.4	0.12	-0.4	-0.25	0.0	-0.32	-0.37		0.22	-0.15
Other Liab	0.75	0.57	0.43	0.7	0.96	0.42	-0.73	0.39	0.8	-0.05	0.7	0.79	0.72	0.86	0.79	0.92	0.08	0.71	-0.09	-0.45	0.26	0.12	0.1	0.22		0.53
Net Tangible Assets	0.78	0.76	0.06	0.74	0.59	0.12	-0.47	0.7	0.73	0.21	0.51	0.65	0.61	0.6	0.53	0.75	0.4	0.8	-0.23	-0.43	-0.02	0.21	0.22	-0.15	0.53

Click cells to compare fundamentals

Altius Minerals Account Relationship Matchups

Altius Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	566.9M	589.6M	721.4M	780.6M	773.5M	812.2M
Other Current Liab	443K	4.7M	5.6M	6.0M	7.0M	7.3M
Total Current Liabilities	26.8M	31.5M	19.6M	19.7M	12.9M	12.3M
Total Stockholder Equity	385.2M	362.9M	433.5M	486.2M	488.7M	513.2M
Property Plant And Equipment Net	269.3M	288.6M	260.9M	238.5M	214.7M	225.5M
Net Debt	85.7M	111.2M	15.2M	38.5M	44.3M	46.5M
Retained Earnings	10.1M	(31.9M)	12.6M	24.7M	13.3M	12.7M
Cash	22.1M	21.8M	100.0M	82.4M	130.4M	136.9M
Non Current Assets Total	529.0M	554.0M	606.5M	676.4M	628.8M	660.2M
Cash And Short Term Investments	22.1M	21.8M	100.0M	82.4M	94.7M	67.5M
Net Receivables	15.8M	13.8M	14.9M	21.8M	6.9M	5.9M
Common Stock Shares Outstanding	43.4M	43.0M	42.0M	42.6M	47.1M	33.5M
Liabilities And Stockholders Equity	566.9M	589.6M	721.4M	780.6M	897.7M	942.6M
Non Current Liabilities Total	140.1M	174.3M	172.8M	152.1M	148.1M	155.5M
Total Liab	166.9M	205.8M	192.4M	171.8M	161M	169.1M
Property Plant And Equipment Gross	269.3M	288.6M	360.7M	359.6M	304.3M	319.6M
Total Current Assets	37.9M	35.6M	114.9M	104.1M	144.7M	77.8M
Common Stock	262.7M	259.3M	260.8M	358.7M	412.5M	433.1M
Accounts Payable	6.4M	6.9M	6.1M	5.6M	4.2M	3.9M
Other Stockholder Equity	55.4M	75.3M	99.0M	90.4M	103.9M	56.6M
Accumulated Other Comprehensive Income	55.4M	78.4M	103.0M	102.8M	118.3M	124.2M
Short Long Term Debt Total	107.8M	133.0M	115.2M	120.9M	139.0M	91.2M
Other Liab	50.8M	59.0M	64.7M	38.4M	44.2M	43.8M
Net Tangible Assets	320.0M	299.8M	376.4M	486.2M	559.1M	354.0M
Other Assets	6.0M	8.5M	7.8M	8.9M	10.3M	6.8M
Long Term Debt	87.8M	113.0M	107.2M	112.9M	104.2M	96.6M
Long Term Investments	245.6M	250.9M	337.8M	429.1M	398.2M	346.2M
Property Plant Equipment	13.9M	15.5M	10.0M	238.5M	274.2M	287.9M
Long Term Debt Total	87.8M	113.0M	107.2M	112.9M	129.8M	94.7M
Net Invested Capital	436.0M	438.8M	491.6M	599.1M	592.9M	525.9M
Cash And Equivalents	22.1M	50K	8.7M	82.4M	94.7M	99.5M
Net Working Capital	11.1M	4.1M	95.2M	84.5M	131.8M	138.4M
Capital Stock	319.7M	316.4M	317.9M	358.7M	355.3M	365.3M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Altius Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Altius Minerals' short interest history, or implied volatility extrapolated from Altius Minerals options trading.

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

0.87	IE	Ivanhoe Energy	Pair Corr
0.82	FDY	Faraday Copper Corp	Pair Corr
0.74	NVDA	NVIDIA CDR	Pair Corr

Moving against Altius Stock

0.69	TSLA	Tesla Inc CDR	Pair Corr
0.67	AAPL	Apple Inc CDR	Pair Corr

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 Correlation Correlation Matching

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for Altius Stock analysis

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.

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Altius Common Stock vs Net Receivables Analysis

Common Stock vs Net Receivables

Common Stock vs Net Receivables Correlation Analysis

Correlation Coefficient

Common Stock

Net Receivables

Altius Minerals fundamental ratios Correlations

Altius Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altius Minerals fundamental ratios Accounts

Pair Trading with Altius Minerals

Moving together with Altius Stock

Moving against Altius Stock

Complementary Tools for Altius Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Liab	+ 0.98	Non Current Liabilities Total
Total Stockholder Equity	+ 0.97	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Other Liab	+ 0.96	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.96	Non Current Assets Total

Retained Earnings	- 0.78	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.74	Retained Earnings
Cash And Short Term Investments	- 0.74	Net Debt
Other Liab	- 0.73	Retained Earnings
Short Term Investments	- 0.68	Net Debt
Total Current Assets	- 0.65	Net Debt