Alliance Total Other Income Expense Net vs Net Interest Income Analysis

ARLP Stock  USD 25.00  0.06  0.24%   
Alliance Resource financial indicator trend analysis is way more than just evaluating Alliance Resource prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alliance Resource is a good investment. Please check the relationship between Alliance Resource Total Other Income Expense Net and its Net Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alliance Resource Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Total Other Income Expense Net vs Net Interest Income

Total Other Income Expense Net vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliance Resource Total Other Income Expense Net account and Net Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Alliance Resource's Total Other Income Expense Net and Net Interest Income is -0.51. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Alliance Resource Partners, assuming nothing else is changed. The correlation between historical values of Alliance Resource's Total Other Income Expense Net and Net Interest Income 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 Other Income Expense Net of Alliance Resource Partners are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Total Other Income Expense Net i.e., Alliance Resource's Total Other Income Expense Net and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.51
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Other Income Expense Net

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Most indicators from Alliance Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliance Resource 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 Alliance Resource Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
As of 07/13/2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Selling General Administrative is likely to drop slightly above 54.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense39.2M37.3M42.8M29.6M
Depreciation And Amortization261.4M273.8M268.0M188.2M

Alliance Resource fundamental ratios Correlations

0.630.60.450.650.85-0.390.120.340.64-0.120.760.390.330.640.56-0.18-0.280.270.030.420.50.160.190.69-0.29
0.630.680.180.930.55-0.640.33-0.150.60.170.940.510.460.710.48-0.01-0.10.06-0.380.140.22-0.180.090.23-0.49
0.60.680.430.620.64-0.720.02-0.010.260.030.740.870.880.60.520.01-0.070.27-0.280.40.580.040.310.43-0.78
0.450.180.430.130.640.01-0.750.520.31-0.630.40.080.250.460.520.10.030.90.640.840.890.870.530.670.06
0.650.930.620.130.5-0.680.43-0.270.430.280.830.560.480.620.31-0.39-0.46-0.03-0.40.190.18-0.26-0.210.14-0.56
0.850.550.640.640.5-0.28-0.180.550.7-0.370.780.330.330.860.620.01-0.090.420.260.50.570.390.470.9-0.17
-0.39-0.64-0.720.01-0.68-0.28-0.410.41-0.05-0.45-0.55-0.74-0.83-0.29-0.320.240.290.070.740.08-0.090.420.110.040.88
0.120.330.02-0.750.43-0.18-0.41-0.40.020.70.120.310.10.02-0.33-0.34-0.34-0.84-0.73-0.61-0.6-0.84-0.62-0.39-0.41
0.34-0.15-0.010.52-0.270.550.41-0.40.51-0.780.13-0.26-0.280.40.230.340.30.380.720.340.340.580.510.770.46
0.640.60.260.310.430.7-0.050.020.51-0.350.74-0.08-0.150.740.540.320.240.250.180.10.210.170.410.650.19
-0.120.170.03-0.630.28-0.37-0.450.7-0.78-0.35-0.050.280.26-0.2-0.2-0.34-0.33-0.61-0.76-0.53-0.37-0.61-0.54-0.57-0.46
0.760.940.740.40.830.78-0.550.120.130.74-0.050.460.430.850.650.10.00.25-0.160.280.410.050.330.54-0.38
0.390.510.870.080.560.33-0.740.31-0.26-0.080.280.460.910.340.1-0.23-0.27-0.12-0.490.230.28-0.28-0.070.1-0.93
0.330.460.880.250.480.33-0.830.1-0.28-0.150.260.430.910.280.28-0.15-0.190.13-0.470.270.39-0.110.090.09-0.94
0.640.710.60.460.620.86-0.290.020.40.74-0.20.850.340.280.430.09-0.010.190.150.290.380.250.320.71-0.17
0.560.480.520.520.310.62-0.32-0.330.230.54-0.20.650.10.280.430.350.280.62-0.010.330.570.320.720.57-0.12
-0.18-0.010.010.1-0.390.010.24-0.340.340.32-0.340.1-0.23-0.150.090.350.990.210.14-0.160.040.240.790.180.29
-0.28-0.1-0.070.03-0.46-0.090.29-0.340.30.24-0.330.0-0.27-0.19-0.010.280.990.170.14-0.19-0.020.20.750.090.32
0.270.060.270.9-0.030.420.07-0.840.380.25-0.610.25-0.120.130.190.620.210.170.550.690.810.790.60.490.17
0.03-0.38-0.280.64-0.40.260.74-0.730.720.18-0.76-0.16-0.49-0.470.15-0.010.140.140.550.570.450.850.320.510.7
0.420.140.40.840.190.50.08-0.610.340.1-0.530.280.230.270.290.33-0.16-0.190.690.570.790.690.280.5-0.06
0.50.220.580.890.180.57-0.09-0.60.340.21-0.370.410.280.390.380.570.04-0.020.810.450.790.750.450.61-0.12
0.16-0.180.040.87-0.260.390.42-0.840.580.17-0.610.05-0.28-0.110.250.320.240.20.790.850.690.750.530.570.43
0.190.090.310.53-0.210.470.11-0.620.510.41-0.540.33-0.070.090.320.720.790.750.60.320.280.450.530.590.16
0.690.230.430.670.140.90.04-0.390.770.65-0.570.540.10.090.710.570.180.090.490.510.50.610.570.590.11
-0.29-0.49-0.780.06-0.56-0.170.88-0.410.460.19-0.46-0.38-0.93-0.94-0.17-0.120.290.320.170.7-0.06-0.120.430.160.11
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Alliance Resource Account Relationship Matchups

Alliance Resource fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.2B2.2B1.0B2.8B1.5B
Short Long Term Debt Total809.5M609.8M450.7M434.3M350.8M512.4M
Total Current Liabilities195.6M214.6M177.6M255.6M227.5M199.6M
Total Stockholder Equity1.3B1.1B1.2B1.6B1.8B1.9B
Net Debt773.0M554.2M328.3M138.3M291.0M425.0M
Non Current Assets Total2.3B1.9B1.8B1.9B2.3B1.3B
Non Currrent Assets Other23.5M16.6M76.6M(35.8M)89.9M94.4M
Other Assets75.5M73.4M76.6M(1.5B)(1.4B)(1.3B)
Common Stock Shares Outstanding130.8M128.1M127.2M127.2M127.2M99.2M
Liabilities And Stockholders Equity2.6B2.2B934.6M2.7B2.8B1.5B
Non Current Liabilities Total1.1B879.1M755.8M764.4M702.4M630.4M
Other Stockholder Equity(1.4B)(1.2B)65.2M(1.7B)(1.5B)(1.5B)
Total Liab1.3B1.1B933.3M1.0B929.8M877.5M
Short Term Debt24.8M75.8M18.7M25.0M20.3M19.3M
Other Current Liab21.1M21.9M71.5M135.5M98.9M97.6M
Property Plant And Equipment Net2.0B1.8B1.7B1.8B1.2B1.1B
Accounts Payable80.6M47.5M69.6M95.1M108.3M70.2M
Cash36.5M55.6M122.4M296.0M59.8M90.9M
Cash And Short Term Investments36.5M55.6M122.4M296.0M59.8M100.2M
Net Receivables161.9M108.1M130.2M247.2M292.3M306.9M
Short Term Investments626.0M624.0M653.6M744.7M856.4M899.3M
Inventory101.3M56.4M60.3M77.3M127.6M133.9M
Other Current Assets18.0M21.6M26.3M26.7M36.5M38.3M
Property Plant And Equipment Gross2.0B1.8B3.6B3.9B4.2B4.4B
Total Current Assets319.6M245.8M339.2M654.8M516.1M309.4M
Accumulated Other Comprehensive Income1.3B1.1B(64.2M)1.7B(61.5M)(58.4M)
Other Liab341.0M345.2M323.8M355.1M408.4M224.4M
Current Deferred Revenue(138.7M)69.2M69.4M71.9M64.7M67.9M
Long Term Debt768.2M519.4M418.9M397.2M316.8M468.0M
Common Stock1.3B1.1B1.3B1.7B1.9B2.0B
Property Plant Equipment2.0B1.8B1.7B1.8B2.1B1.2B
Intangible Assets16.1M9.3M136.4M4.4M5.0M4.8M
Net Tangible Assets1.1B1.1B1.2B1.6B1.9B1.1B
Long Term Debt Total768.2M519.4M418.9M397.2M357.5M488.3M
Capital Lease Obligations28.2M17.2M15.6M12.1M13.7M13.0M
Non Current Liabilities Other357.5M359.7M22.3M124.9M18.4M17.5M
Long Term Investments28.5M27.3M26.3M91.4M139.0M87.0M

Pair Trading with Alliance Resource

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 Alliance Resource 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 Alliance Resource will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alliance Stock

  0.63NRP Natural Resource PartnersPairCorr
  0.9HNRG Hallador EnergyPairCorr

Moving against Alliance Stock

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  0.8BP BP PLC ADRPairCorr
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  0.72E Eni SpA ADRPairCorr
The ability to find closely correlated positions to Alliance Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alliance Resource 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 Alliance Resource - 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 Alliance Resource Partners to buy it.
The correlation of Alliance Resource 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 Alliance Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alliance Resource 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 Alliance Resource 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

Additional Tools for Alliance Stock Analysis

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