Altius Depreciation And Amortization vs Net Income From Continuing Ops Analysis
ALS Stock | CAD 22.05 0.42 1.94% |
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 Depreciation And Amortization and its Net Income From Continuing Ops 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.
Depreciation And Amortization vs Net Income From Continuing Ops
Depreciation And Amortization vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altius Minerals Depreciation And Amortization account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong relationship.
The correlation between Altius Minerals' Depreciation And Amortization and Net Income From Continuing Ops is 0.78. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Net Income From Continuing Ops 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' Depreciation And Amortization and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Altius Minerals are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Depreciation And Amortization i.e., Altius Minerals' Depreciation And Amortization and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Net Income From Continuing Ops
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 28th of April 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 |
Altius Minerals fundamental ratios Correlations
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Altius Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
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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.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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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