Constellium Retained Earnings vs Total Current Liabilities Analysis
CSTM Stock | USD 20.16 0.16 0.80% |
Constellium financial indicator trend analysis is way more than just evaluating Constellium Nv prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Constellium Nv is a good investment. Please check the relationship between Constellium Retained Earnings and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Constellium Nv. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Retained Earnings vs Total Current Liabilities
Retained Earnings vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Constellium Nv Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Constellium's Retained Earnings and Total Current Liabilities is 0.27. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Constellium Nv, assuming nothing else is changed. The correlation between historical values of Constellium's Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Constellium Nv are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Constellium's Retained Earnings and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Current Liabilities
Total Current Liabilities is an item on Constellium balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Constellium Nv are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Constellium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Constellium Nv 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 Constellium Nv. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Constellium's Tax Provision is very stable compared to the past year. As of the 9th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Selling General Administrative is likely to drop about 269.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 167M | 131M | 127.3M | 146.2M | Depreciation And Amortization | 267M | 287M | 288.0M | 179.6M |
Constellium fundamental ratios Correlations
Click cells to compare fundamentals
Constellium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Constellium fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.2B | 4.1B | 4.6B | 4.9B | 4.7B | 3.9B | |
Short Long Term Debt Total | 2.4B | 2.4B | 2.1B | 2.1B | 1.9B | 1.8B | |
Other Current Liab | 18M | 8M | 2M | 23M | 341.3M | 358.3M | |
Total Current Liabilities | 1.3B | 1.1B | 1.7B | 1.7B | 1.4B | 1.3B | |
Property Plant And Equipment Net | 2.1B | 1.9B | 1.9B | 2.0B | 2.0B | 1.5B | |
Current Deferred Revenue | 54M | 81M | 77M | 55M | 62.1M | 43.8M | |
Net Debt | 2.2B | 2.0B | 2.0B | 1.9B | 1.7B | 1.5B | |
Retained Earnings | (545M) | (519M) | (538M) | 148M | 274.2M | 287.9M | |
Accounts Payable | 999M | 905M | 1.4B | 1.5B | 931.8M | 940.3M | |
Cash | 184M | 439M | 147M | 166M | 202.2M | 238.0M | |
Non Current Assets Total | 2.8B | 2.7B | 2.7B | 2.9B | 2.8B | 2.2B | |
Cash And Short Term Investments | 206M | 478M | 205M | 197M | 202.2M | 273.9M | |
Net Receivables | 474M | 406M | 683M | 539M | 482.4M | 534.3M | |
Good Will | 455M | 417M | 451M | 478M | 462.4M | 341.3M | |
Common Stock Shares Outstanding | 142.6M | 138.7M | 147.2M | 146.6M | 149.2M | 134.8M | |
Short Term Investments | 30M | 22M | 39M | 58M | 31M | 37.8M | |
Liabilities And Stockholders Equity | 4.2B | 4.1B | 4.6B | 4.9B | 4.7B | 3.9B | |
Non Current Liabilities Total | 3.0B | 3.1B | 2.6B | 2.5B | 2.4B | 2.6B | |
Inventory | 670M | 582M | 1.1B | 1.3B | 1.1B | 738.2M | |
Other Current Assets | 30.0M | 45.0M | 67.0M | 38.9M | 38.0M | 30.5M | |
Other Stockholder Equity | 1.2B | 1.4B | 420M | 416.0M | 302.2M | 576.8M | |
Total Liab | 4.3B | 4.2B | 4.3B | 4.2B | 3.8B | 3.9B | |
Property Plant And Equipment Gross | 2.1B | 1.9B | 3.6B | 3.9B | 4.1B | 4.3B | |
Total Current Assets | 1.4B | 1.5B | 1.9B | 2.1B | 1.8B | 1.7B | |
Accumulated Other Comprehensive Income | (130.0M) | (128.0M) | 4.0M | 160M | 146.1M | 153.4M | |
Short Term Debt | 201M | 92M | 258M | 148M | 54.0M | 51.3M | |
Other Liab | 832M | 811M | 748M | 578M | 520.2M | 685.0M | |
Other Assets | 301M | 252M | 278M | 229M | 1.0 | 0.95 | |
Long Term Debt | 2.2B | 2.3B | 1.9B | 1.9B | 1.8B | 1.9B | |
Property Plant Equipment | 2.1B | 1.9B | 1.9B | 2.0B | 2.3B | 1.6B | |
Net Tangible Assets | (621M) | (593M) | (235M) | 199M | 228.9M | 240.3M | |
Long Term Investments | 75M | 8M | 19M | 12M | 2M | 1.9M | |
Short Long Term Debt | 201M | 92M | 258M | 148M | 54M | 51.3M | |
Non Current Liabilities Other | 23M | 41M | 6M | 14M | 8M | 7.6M | |
Net Invested Capital | 2.3B | 2.3B | 2.4B | 2.8B | 2.7B | 2.6B |
Pair Trading with Constellium
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 Constellium 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 Constellium will appreciate offsetting losses from the drop in the long position's value.Moving together with Constellium Stock
0.77 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.83 | SA | Seabridge Gold Financial Report 20th of May 2024 | PairCorr |
0.65 | LXU | Lsb Industries | PairCorr |
0.81 | PZG | Paramount Gold Nevada | PairCorr |
Moving against Constellium Stock
0.69 | NC | NACCO Industries | PairCorr |
0.52 | X | United States Steel Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Constellium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Constellium 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 Constellium - 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 Constellium Nv to buy it.
The correlation of Constellium 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 Constellium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Constellium Nv 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 Constellium 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 Constellium Nv. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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Is Constellium's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Constellium. If investors know Constellium will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Constellium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Earnings Share 0.87 | Revenue Per Share 47.794 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0365 |
The market value of Constellium Nv is measured differently than its book value, which is the value of Constellium that is recorded on the company's balance sheet. Investors also form their own opinion of Constellium's value that differs from its market value or its book value, called intrinsic value, which is Constellium's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Constellium's market value can be influenced by many factors that don't directly affect Constellium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Constellium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Constellium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Constellium's 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.