American Roic from 2010 to 2024
| AXL Stock | USD 7.71 0.09 1.15% |
ROIC | First Reported 2010-12-31 | Previous Quarter 0.05925454 | Current Value 0.0692 | Quarterly Volatility 0.33309141 |
Check American Axle financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among American main balance sheet or income statement drivers, such as Depreciation And Amortization of 280.6 M, Interest Expense of 224 M or Selling General Administrative of 271.1 M, as well as many exotic indicators such as Price To Sales Ratio of 0.32, Dividend Yield of 0.12 or PTB Ratio of 2.9. American financial statements analysis is a perfect complement when working with American Axle Valuation or Volatility modules.
American | Roic |
Latest American Axle's Roic Growth Pattern
Below is the plot of the Roic of American Axle Manufacturing over the last few years. It is return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders. American Axle's ROIC historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in American Axle's overall financial position and show how it may be relating to other accounts over time.
| Roic | 10 Years Trend |
|
Roic |
| Timeline |
American Roic Regression Statistics
| Arithmetic Mean | 0.21 | |
| Geometric Mean | 0.11 | |
| Coefficient Of Variation | 161.78 | |
| Mean Deviation | 0.18 | |
| Median | 0.1 | |
| Standard Deviation | 0.33 | |
| Sample Variance | 0.11 | |
| Range | 1.3555 | |
| R-Value | (0.37) | |
| Mean Square Error | 0.10 | |
| R-Squared | 0.14 | |
| Significance | 0.18 | |
| Slope | (0.03) | |
| Total Sum of Squares | 1.55 |
American Roic History
About American Axle Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include American Axle income statement, its balance sheet, and the statement of cash flows. American Axle investors use historical funamental indicators, such as American Axle's Roic, to determine how well the company is positioned to perform in the future. Although American Axle investors may use each financial statement separately, they are all related. The changes in American Axle's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on American Axle's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on American Axle Financial Statements. Understanding these patterns can help to make the right decision on long term investment in American Axle. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| ROIC | 0.06 | 0.07 |
Pair Trading with American Axle
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 American Axle 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 American Axle will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
| 0.65 | CPS | Cooper Stnd | PairCorr |
Moving against American Stock
| 0.68 | AZO | AutoZone Financial Report 28th of May 2024 | PairCorr |
| 0.52 | TM | Toyota Motor | PairCorr |
| 0.43 | BH | Biglari Holdings | PairCorr |
The ability to find closely correlated positions to American Axle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Axle 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 American Axle - 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 American Axle Manufacturing to buy it.
The correlation of American Axle 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 American Axle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Axle Manufa 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 American Axle 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 the analysis of American Axle Correlation against competitors. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for American Stock analysis
When running American Axle's price analysis, check to measure American Axle'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 American Axle is operating at the current time. Most of American Axle's value examination focuses on studying past and present price action to predict the probability of American Axle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Axle's price. Additionally, you may evaluate how the addition of American Axle to your portfolios can decrease your overall portfolio volatility.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |
Is American Axle'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 American Axle. If investors know American 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 American Axle 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 (0.65) | Earnings Share (0.08) | Revenue Per Share 52.882 | Quarterly Revenue Growth 0.076 | Return On Assets 0.0243 |
The market value of American Axle Manufa is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Axle's value that differs from its market value or its book value, called intrinsic value, which is American Axle'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 American Axle's market value can be influenced by many factors that don't directly affect American Axle'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 American Axle's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Axle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Axle'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.