Altice Property Plant And Equipment Net vs Short Term Investments Analysis

ATUS Stock

USD 2.46 0.13 5.02%

Altice USA financial indicator trend analysis is way more than just evaluating Altice USA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altice USA is a good investment. Please check the relationship between Altice USA Property Plant And Equipment Net and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altice USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Altice Stock please use our How to Invest in Altice USA guide.

Property Plant And Equipment Net vs Short Term Investments

Property Plant And Equipment Net vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altice USA Property Plant And Equipment Net account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Altice USA's Property Plant And Equipment Net and Short Term Investments is 0.55. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Altice USA, assuming nothing else is changed. The correlation between historical values of Altice USA's Property Plant And Equipment Net and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Altice USA are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Altice USA's Property Plant And Equipment Net and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Short Term Investments

Short Term Investments is an item under the current assets section of Altice USA balance sheet. It contains any investments Altice USA undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Altice USA can easily liquidate in the marketplace.

Most indicators from Altice USA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altice USA 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 Altice USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Altice Stock please use our How to Invest in Altice USA guide.At this time, Altice USA's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 10.90 in 2024, despite the fact that Discontinued Operations is likely to grow to (10.7 M).

	2020	2021	2023	2024 (projected)
Gross Profit	6.7B	6.4B	4.6B	4.5B
Total Revenue	10.1B	9.6B	9.2B	7.7B

Gross Profit Total Revenue

Altice USA fundamental ratios Correlations

	Total Assets	Other Current Liab	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Total Current Liabilities	Other Current Assets	Good Will	Treasury Stock	Short Term Investments	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total
Total Assets		-0.06	0.92	0.85	-0.54	0.26	0.97	0.98	0.99	0.77	0.92	0.76	-0.23	0.95	0.51	0.2	0.87	0.92	0.92	0.93	0.99	0.44	-0.58	0.8	0.88	0.97
Other Current Liab	-0.06		-0.03	-0.34	-0.39	-0.18	-0.22	-0.16	0.0	0.05	-0.09	-0.17	-0.24	-0.1	-0.21	-0.31	0.01	-0.21	-0.33	-0.18	-0.1	-0.33	-0.19	0.02	0.1	-0.14
Other Liab	0.92	-0.03		0.73	-0.41	0.16	0.88	0.91	0.91	0.74	0.87	0.76	-0.29	0.96	0.47	0.4	0.84	0.91	0.91	0.92	0.96	0.47	-0.48	0.74	0.87	0.95
Accounts Payable	0.85	-0.34	0.73		-0.54	0.31	0.9	0.88	0.8	0.43	0.85	0.8	0.07	0.83	0.68	0.41	0.62	0.91	0.84	0.79	0.83	0.2	-0.58	0.61	0.55	0.86
Cash	-0.54	-0.39	-0.41	-0.54		-0.3	-0.5	-0.49	-0.53	-0.14	-0.51	-0.27	0.17	-0.56	-0.66	0.04	-0.38	-0.49	-0.33	-0.42	-0.5	0.21	0.9	-0.64	-0.41	-0.52
Other Assets	0.26	-0.18	0.16	0.31	-0.3		0.32	0.29	0.24	0.04	0.09	0.09	-0.06	0.23	0.24	-0.35	0.1	0.16	0.27	0.18	0.25	0.31	-0.3	0.3	0.22	0.28
Long Term Debt	0.97	-0.22	0.88	0.9	-0.5	0.32		0.99	0.94	0.68	0.92	0.77	-0.15	0.93	0.57	0.27	0.78	0.94	0.93	0.9	0.96	0.42	-0.61	0.78	0.79	0.97
Total Liab	0.98	-0.16	0.91	0.88	-0.49	0.29	0.99		0.96	0.7	0.92	0.81	-0.18	0.93	0.53	0.27	0.79	0.94	0.94	0.9	0.97	0.45	-0.57	0.77	0.82	0.98
Intangible Assets	0.99	0.0	0.91	0.8	-0.53	0.24	0.94	0.96		0.82	0.88	0.72	-0.28	0.93	0.45	0.12	0.9	0.87	0.89	0.93	0.98	0.45	-0.57	0.82	0.92	0.95
Common Stock	0.77	0.05	0.74	0.43	-0.14	0.04	0.68	0.7	0.82		0.6	0.47	-0.32	0.68	-0.03	-0.05	0.92	0.56	0.66	0.79	0.77	0.52	-0.24	0.64	0.89	0.68
Property Plant Equipment	0.92	-0.09	0.87	0.85	-0.51	0.09	0.92	0.92	0.88	0.6		0.71	-0.25	0.89	0.56	0.46	0.73	0.97	0.86	0.85	0.9	0.31	-0.57	0.64	0.68	0.92
Total Current Liabilities	0.76	-0.17	0.76	0.8	-0.27	0.09	0.77	0.81	0.72	0.47	0.71		0.11	0.74	0.38	0.47	0.54	0.79	0.78	0.67	0.75	0.2	-0.31	0.44	0.55	0.78
Other Current Assets	-0.23	-0.24	-0.29	0.07	0.17	-0.06	-0.15	-0.18	-0.28	-0.32	-0.25	0.11		-0.26	-0.07	0.22	-0.32	-0.11	-0.14	-0.25	-0.26	-0.36	0.24	-0.38	-0.41	-0.23
Good Will	0.95	-0.1	0.96	0.83	-0.56	0.23	0.93	0.93	0.93	0.68	0.89	0.74	-0.26		0.64	0.34	0.85	0.94	0.93	0.96	0.98	0.43	-0.62	0.85	0.86	0.98
Treasury Stock	0.51	-0.21	0.47	0.68	-0.66	0.24	0.57	0.53	0.45	-0.03	0.56	0.38	-0.07	0.64		0.33	0.27	0.63	0.56	0.5	0.54	0.09	-0.63	0.64	0.32	0.61
Short Term Investments	0.2	-0.31	0.4	0.41	0.04	-0.35	0.27	0.27	0.12	-0.05	0.46	0.47	0.22	0.34	0.33		0.09	0.55	0.36	0.28	0.26	-0.11	-0.04	-0.06	-0.05	0.32
Total Stockholder Equity	0.87	0.01	0.84	0.62	-0.38	0.1	0.78	0.79	0.9	0.92	0.73	0.54	-0.32	0.85	0.27	0.09		0.74	0.78	0.94	0.89	0.48	-0.43	0.76	0.92	0.82
Property Plant And Equipment Net	0.92	-0.21	0.91	0.91	-0.49	0.16	0.94	0.94	0.87	0.56	0.97	0.79	-0.11	0.94	0.63	0.55	0.74		0.92	0.89	0.93	0.33	-0.55	0.66	0.69	0.95
Net Debt	0.92	-0.33	0.91	0.84	-0.33	0.27	0.93	0.94	0.89	0.66	0.86	0.78	-0.14	0.93	0.56	0.36	0.78	0.92		0.93	0.95	0.63	-0.38	0.72	0.79	0.96
Retained Earnings	0.93	-0.18	0.92	0.79	-0.42	0.18	0.9	0.9	0.93	0.79	0.85	0.67	-0.25	0.96	0.5	0.28	0.94	0.89	0.93		0.97	0.53	-0.49	0.81	0.89	0.94
Non Current Assets Total	0.99	-0.1	0.96	0.83	-0.5	0.25	0.96	0.97	0.98	0.77	0.9	0.75	-0.26	0.98	0.54	0.26	0.89	0.93	0.95	0.97		0.5	-0.57	0.83	0.9	0.99
Non Currrent Assets Other	0.44	-0.33	0.47	0.2	0.21	0.31	0.42	0.45	0.45	0.52	0.31	0.2	-0.36	0.43	0.09	-0.11	0.48	0.33	0.63	0.53	0.5		0.21	0.4	0.58	0.48
Cash And Short Term Investments	-0.58	-0.19	-0.48	-0.58	0.9	-0.3	-0.61	-0.57	-0.57	-0.24	-0.57	-0.31	0.24	-0.62	-0.63	-0.04	-0.43	-0.55	-0.38	-0.49	-0.57	0.21		-0.73	-0.47	-0.59
Net Receivables	0.8	0.02	0.74	0.61	-0.64	0.3	0.78	0.77	0.82	0.64	0.64	0.44	-0.38	0.85	0.64	-0.06	0.76	0.66	0.72	0.81	0.83	0.4	-0.73		0.88	0.82
Common Stock Shares Outstanding	0.88	0.1	0.87	0.55	-0.41	0.22	0.79	0.82	0.92	0.89	0.68	0.55	-0.41	0.86	0.32	-0.05	0.92	0.69	0.79	0.89	0.9	0.58	-0.47	0.88		0.85
Non Current Liabilities Total	0.97	-0.14	0.95	0.86	-0.52	0.28	0.97	0.98	0.95	0.68	0.92	0.78	-0.23	0.98	0.61	0.32	0.82	0.95	0.96	0.94	0.99	0.48	-0.59	0.82	0.85

Click cells to compare fundamentals

Altice USA Account Relationship Matchups

Altice USA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	33.6B	33.4B	33.2B	33.7B	32.7B	19.0B
Other Current Liab	865.0M	947.0M	699.8M	670.3M	878.8M	806.7M
Other Liab	5.2B	5.5B	5.4B	5.4B	6.2B	6.5B
Accounts Payable	857.5M	795.6M	1.0B	1.2B	937.0M	654.0M
Cash	298.8M	278.4M	195.7M	305.5M	302.3M	451.3M
Other Assets	2.0B	15.7B	2.2B	74.1M	85.2M	80.9M
Long Term Debt	24.2B	25.5B	25.5B	24.4B	24.6B	15.9B
Total Liab	29.9B	34.6B	34.1B	34.2B	33.2B	21.3B
Intangible Assets	17.2B	15.8B	15.4B	14.9B	14.5B	7.5B
Common Stock	7.1M	4.8M	4.5M	4.6M	4.6M	4.2M
Property Plant Equipment	6.0B	5.8B	6.3B	7.5B	8.6B	4.9B
Total Current Liabilities	2.0B	3.1B	2.7B	4.0B	2.3B	2.6B
Other Current Assets	200.3M	182.9M	1.9B	130.7M	174.5M	165.7M
Good Will	8.0B	8.2B	8.2B	8.2B	8.0B	8.4B
Short Term Investments	0.0	2.0M	5.1M	1.5B	1.7B	1.8B
Total Stockholder Equity	3.7B	(1.1B)	(819.8M)	(475.2M)	(422.2M)	(443.3M)
Property Plant And Equipment Net	5.8B	6.0B	6.6B	7.8B	8.4B	6.1B
Net Debt	22.5B	26.7B	26.6B	26.5B	25.1B	20.7B
Retained Earnings	251.8M	(985.6M)	(848.8M)	(654.3M)	(601.1M)	(631.1M)
Non Current Assets Total	32.7B	32.4B	32.4B	31.1B	31.9B	25.6B
Non Currrent Assets Other	2.3B	2.2B	(2.7B)	(800.2M)	81.9M	77.8M
Cash And Short Term Investments	298.8M	278.4M	195.7M	305.5M	302.3M	359.4M
Net Receivables	466.0M	446.8M	410.7M	366.0M	358.0M	396.7M
Common Stock Shares Outstanding	662.5M	583.7M	462.3M	453.3M	455.0M	537.2M
Non Current Liabilities Total	27.9B	31.5B	31.4B	30.1B	30.8B	25.6B
Other Stockholder Equity	(272.4M)	(7.8M)	182.7M	154M	187.2M	177.8M
Total Current Assets	903.3M	976.6M	789.6M	2.6B	834.8M	1.2B
Short Long Term Debt Total	22.8B	27.0B	26.8B	26.8B	25.4B	23.1B
Liabilities And Stockholders Equity	33.6B	33.4B	33.2B	33.7B	32.7B	29.2B
Inventory	2.2M	51.0M	264K	(3.0M)	1.8B	0.95
Accumulated Other Comprehensive Income	(11.8M)	3.6M	6.5M	(8.2M)	(12.9M)	(13.5M)
Short Term Debt	158.6M	1.2B	917.3M	2.1B	407.4M	387.0M
Net Tangible Assets	(22.4B)	(12.1B)	(11.2B)	(23.6B)	(21.2B)	(22.3B)
Short Long Term Debt	148.7M	1.2B	808.1M	1.9B	235.8M	224.0M
Current Deferred Revenue	140.1M	109.8M	94.9M	80.6M	85.0M	79.7M
Long Term Debt Total	21.3B	22.7B	24.2B	25.5B	29.3B	25.6B
Capital Surpluse	3.4B	2.0B	18.0M	182.7M	164.4M	156.2M
Capital Lease Obligations	291.1M	320.9M	456.0M	504.8M	493.0M	294.4M

Pair Trading with Altice USA

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 Altice USA 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 Altice USA will appreciate offsetting losses from the drop in the long position's value.

Moving against Altice Stock

0.73	WLYB	John Wiley Sons Earnings Call This Week	Pair Corr
0.69	EVC	Entravision Communications	Pair Corr
0.49	KUKE	Kuke Music Holding	Pair Corr
0.47	WPP	WPP PLC ADR	Pair Corr
0.47	SWAGW	Software Acquisition	Pair Corr

The ability to find closely correlated positions to Altice USA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altice USA 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 Altice USA - 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 Altice USA to buy it.

The correlation of Altice USA 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 Altice USA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altice USA 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 Altice USA 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

Additional Tools for Altice Stock Analysis

When running Altice USA's price analysis, check to measure Altice USA's 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 Altice USA is operating at the current time. Most of Altice USA's value examination focuses on studying past and present price action to predict the probability of Altice USA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altice USA's price. Additionally, you may evaluate how the addition of Altice USA to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC