AMR Total Assets vs Total Stockholder Equity 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 Total Assets and its Total Stockholder Equity 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.

Total Assets vs Total Stockholder Equity

Total Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AM Resources Corp Total Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between AM Resources' Total Assets and Total Stockholder Equity is 0.88. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Stockholder Equity 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' Total Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of AM Resources Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Assets i.e., AM Resources' Total Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Total Assets

Total assets refers to the total amount of AM Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in AM Resources Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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 Interest6.6K6.2K
Income Tax Expense15.2K12.6K

AM Resources fundamental ratios Correlations

-0.68-0.060.880.750.880.090.960.570.040.570.670.86-0.710.1-0.740.340.80.2-0.930.98-0.62-0.730.93-0.931.0
-0.680.5-0.71-0.56-0.78-0.12-0.71-0.67-0.34-0.67-0.96-0.570.830.120.760.1-0.630.330.72-0.790.090.91-0.390.69-0.68
-0.060.50.020.29-0.50.14-0.26-0.790.19-0.79-0.63-0.20.630.690.590.87-0.480.950.4-0.22-0.250.220.090.1-0.06
0.88-0.710.020.890.710.380.770.330.190.330.70.56-0.580.39-0.550.420.50.21-0.760.91-0.28-0.760.76-0.840.9
0.75-0.560.290.890.450.590.550.020.530.020.450.41-0.280.66-0.250.660.220.41-0.530.73-0.17-0.630.64-0.680.75
0.88-0.78-0.50.710.45-0.060.950.88-0.150.880.850.88-0.94-0.27-0.95-0.140.93-0.25-0.970.93-0.47-0.730.77-0.860.87
0.09-0.120.140.380.59-0.06-0.15-0.280.52-0.280.06-0.20.110.80.190.23-0.380.030.030.130.58-0.040.08-0.120.07
0.96-0.71-0.260.770.550.95-0.150.75-0.120.750.740.91-0.83-0.18-0.870.120.930.02-0.970.96-0.67-0.740.87-0.890.96
0.57-0.67-0.790.330.020.88-0.280.75-0.281.00.780.75-0.93-0.62-0.95-0.550.89-0.59-0.790.66-0.31-0.540.46-0.580.55
0.04-0.340.190.190.53-0.150.52-0.12-0.28-0.280.1-0.110.160.460.240.36-0.290.130.150.050.3-0.24-0.160.050.02
0.57-0.67-0.790.330.020.88-0.280.751.0-0.280.780.75-0.93-0.62-0.95-0.550.89-0.59-0.790.66-0.31-0.540.46-0.580.55
0.67-0.96-0.630.70.450.850.060.740.780.10.780.56-0.88-0.24-0.82-0.250.7-0.46-0.780.8-0.08-0.840.41-0.680.68
0.86-0.57-0.20.560.410.88-0.20.910.75-0.110.750.56-0.79-0.22-0.860.080.910.06-0.870.83-0.74-0.620.84-0.840.84
-0.710.830.63-0.58-0.28-0.940.11-0.83-0.930.16-0.93-0.88-0.790.370.990.35-0.870.420.86-0.810.30.77-0.570.79-0.71
0.10.120.690.390.66-0.270.8-0.18-0.620.46-0.62-0.24-0.220.370.410.71-0.510.610.190.050.25-0.010.17-0.110.1
-0.740.760.59-0.55-0.25-0.950.19-0.87-0.950.24-0.95-0.82-0.860.990.410.32-0.920.360.89-0.810.420.71-0.640.8-0.74
0.340.10.870.420.66-0.140.230.12-0.550.36-0.55-0.250.080.350.710.32-0.170.920.00.2-0.4-0.140.38-0.250.35
0.8-0.63-0.480.50.220.93-0.380.930.89-0.290.890.70.91-0.87-0.51-0.92-0.17-0.21-0.920.81-0.67-0.610.72-0.760.79
0.20.330.950.210.41-0.250.030.02-0.590.13-0.59-0.460.060.420.610.360.92-0.210.140.03-0.50.050.34-0.130.21
-0.930.720.4-0.76-0.53-0.970.03-0.97-0.790.15-0.79-0.78-0.870.860.190.890.0-0.920.14-0.950.530.7-0.840.9-0.93
0.98-0.79-0.220.910.730.930.130.960.660.050.660.80.83-0.810.05-0.810.20.810.03-0.95-0.48-0.790.87-0.930.98
-0.620.09-0.25-0.28-0.17-0.470.58-0.67-0.310.3-0.31-0.08-0.740.30.250.42-0.4-0.67-0.50.53-0.480.28-0.690.51-0.61
-0.730.910.22-0.76-0.63-0.73-0.04-0.74-0.54-0.24-0.54-0.84-0.620.77-0.010.71-0.14-0.610.050.7-0.790.28-0.480.81-0.75
0.93-0.390.090.760.640.770.080.870.46-0.160.460.410.84-0.570.17-0.640.380.720.34-0.840.87-0.69-0.48-0.860.92
-0.930.690.1-0.84-0.68-0.86-0.12-0.89-0.580.05-0.58-0.68-0.840.79-0.110.8-0.25-0.76-0.130.9-0.930.510.81-0.86-0.93
1.0-0.68-0.060.90.750.870.070.960.550.020.550.680.84-0.710.1-0.740.350.790.21-0.930.98-0.61-0.750.92-0.93
Click cells to compare fundamentals

AM Resources Account Relationship Matchups

AM Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.8M4.0M1.3M1.3M1.2M1.1M
Total Current Liabilities1.7M2.5M454.0K536.3K616.8K1.1M
Total Stockholder Equity1.8M1.2M327.0K199.0K179.1K170.2K
Net Tangible Assets2.6M1.8M1.2M327.0K294.3K279.6K
Retained Earnings(5.6M)(5.8M)(8.9M)(10.5M)(9.4M)(8.9M)
Cash3.3K76.0K265.8K102.5K92.3K87.7K
Non Current Assets Total3.3M3.2M846.7K998.0K898.2K853.3K
Long Term Debt32.5K27.5K242.3K285.7K257.1K471.2K
Net Receivables188.9K6.7K1.7K134.3K120.9K97.9K
Non Current Liabilities Total32.5K27.5K242.3K285.7K257.1K471.2K
Other Stockholder Equity(31.4K)(67.3K)(460.2K)(298.1K)(268.3K)(254.9K)
Total Liab1.7M2.5M696.3K822.0K739.8K1.4M
Short Long Term Debt464K828.1K973.4K1.2M1.4M834.6K
Total Current Assets584.7K808.0K446.3K286.1K257.5K482.9K
Common Stock2.1M6.7M7.1M8.8M10.2M6.1M
Property Plant Equipment2.5M3.3M3.2M846.7K973.7K925.0K
Net Debt84.4K1.0M1.1M183.2K164.8K156.6K
Accounts Payable672.9K931.0K155.6K277.8K250.0K369.7K
Net Invested Capital2.8M2.4M569.3K484.7K436.2K414.4K
Net Working Capital(1.1M)(1.7M)(7.7K)(250.2K)(287.8K)(302.2K)
Other Current Assets265.2K601.7K94.7K49.3K44.4K42.1K

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 against AMR Stock

  0.65RCI-A Rogers CommunicationsPairCorr
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.
Pair CorrelationCorrelation Matching
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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Please note, there is a significant difference between AM Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if AM Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AM Resources' 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.