AMR Net Income vs Ebitda Analysis
AMR Stock | CAD 0.04 0.00 0.00% |
AM Resources financial indicator trend analysis is way more than just evaluating AM Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AM Resources Corp is a good investment. Please check the relationship between AM Resources Net Income and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AM Resources Corp. 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.
Net Income vs Ebitda
Net Income vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AM Resources Corp Net Income account and Ebitda. At this time, the significance of the direction appears to have totally related.
The correlation between AM Resources' Net Income and Ebitda is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of AM Resources Corp, assuming nothing else is changed. The correlation between historical values of AM Resources' Net Income and Ebitda 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 AM Resources Corp are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Net Income i.e., AM Resources' Net Income and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in AM Resources Corp financial statement analysis. It represents the amount of money remaining after all of AM Resources Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Ebitda
Most indicators from AM Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AM Resources Corp 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 AM Resources Corp. 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. Selling General Administrative is likely to drop to about 793.6 K in 2024. Issuance Of Capital Stock is likely to climb to about (61.8 K) in 2024
2023 | 2024 (projected) | Minority Interest | 6.6K | 6.2K | Income Tax Expense | 15.2K | 12.6K |
AM Resources fundamental ratios Correlations
Click cells to compare fundamentals
AM Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AM Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.8M | 4.0M | 1.3M | 1.3M | 1.2M | 1.1M | |
Total Current Liabilities | 1.7M | 2.5M | 454.0K | 536.3K | 616.8K | 1.1M | |
Total Stockholder Equity | 1.8M | 1.2M | 327.0K | 199.0K | 179.1K | 170.2K | |
Net Tangible Assets | 2.6M | 1.8M | 1.2M | 327.0K | 294.3K | 279.6K | |
Retained Earnings | (5.6M) | (5.8M) | (8.9M) | (10.5M) | (9.4M) | (8.9M) | |
Cash | 3.3K | 76.0K | 265.8K | 102.5K | 92.3K | 87.7K | |
Non Current Assets Total | 3.3M | 3.2M | 846.7K | 998.0K | 898.2K | 853.3K | |
Long Term Debt | 32.5K | 27.5K | 242.3K | 285.7K | 257.1K | 471.2K | |
Net Receivables | 188.9K | 6.7K | 1.7K | 134.3K | 120.9K | 97.9K | |
Non Current Liabilities Total | 32.5K | 27.5K | 242.3K | 285.7K | 257.1K | 471.2K | |
Other Stockholder Equity | (31.4K) | (67.3K) | (460.2K) | (298.1K) | (268.3K) | (254.9K) | |
Total Liab | 1.7M | 2.5M | 696.3K | 822.0K | 739.8K | 1.4M | |
Short Long Term Debt | 464K | 828.1K | 973.4K | 1.2M | 1.4M | 834.6K | |
Total Current Assets | 584.7K | 808.0K | 446.3K | 286.1K | 257.5K | 482.9K | |
Common Stock | 2.1M | 6.7M | 7.1M | 8.8M | 10.2M | 6.1M | |
Property Plant Equipment | 2.5M | 3.3M | 3.2M | 846.7K | 973.7K | 925.0K | |
Net Debt | 84.4K | 1.0M | 1.1M | 183.2K | 164.8K | 156.6K | |
Accounts Payable | 672.9K | 931.0K | 155.6K | 277.8K | 250.0K | 369.7K | |
Net Invested Capital | 2.8M | 2.4M | 569.3K | 484.7K | 436.2K | 414.4K | |
Net Working Capital | (1.1M) | (1.7M) | (7.7K) | (250.2K) | (287.8K) | (302.2K) | |
Other Current Assets | 265.2K | 601.7K | 94.7K | 49.3K | 44.4K | 42.1K |
Pair Trading with AM Resources
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 AM Resources 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 AM Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with AMR Stock
0.65 | FFH-PE | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to AM Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AM Resources 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 AM Resources - 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 AM Resources Corp to buy it.
The correlation of AM Resources 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 AM Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AM Resources Corp 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 AM Resources 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 AM Resources Corp. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for AMR Stock analysis
When running AM Resources' price analysis, check to measure AM Resources' 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 AM Resources is operating at the current time. Most of AM Resources' value examination focuses on studying past and present price action to predict the probability of AM Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AM Resources' price. Additionally, you may evaluate how the addition of AM Resources to your portfolios can decrease your overall portfolio volatility.
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