Altius Price To Sales Ratio vs Dividend Yield Analysis
ALS Stock | CAD 21.52 0.07 0.32% |
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 Price To Sales Ratio and its Dividend Yield 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.
Price To Sales Ratio vs Dividend Yield
Price To Sales Ratio vs Dividend Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altius Minerals Price To Sales Ratio account and Dividend Yield. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Altius Minerals' Price To Sales Ratio and Dividend Yield is -0.54. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Dividend Yield 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' Price To Sales Ratio and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Altius Minerals are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Price To Sales Ratio i.e., Altius Minerals' Price To Sales Ratio and Dividend Yield go up and down completely randomly.
Correlation Coefficient | -0.54 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Altius Minerals stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Altius Minerals sales, a figure that is much harder to manipulate than other Altius Minerals multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Altius Minerals dividend as a percentage of Altius Minerals stock price. Altius Minerals dividend yield is a measure of Altius Minerals stock productivity, which can be interpreted as interest rate earned on an Altius Minerals investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.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 2nd 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 |
Altius Minerals fundamental ratios Correlations
Click cells to compare fundamentals
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 |
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
0.67 | FEC | Frontera Energy Corp | PairCorr |
Moving against Altius Stock
0.83 | SGR-U | Slate Grocery REIT Earnings Call Tomorrow | PairCorr |
0.76 | TC | Tucows Inc | PairCorr |
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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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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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