Alumina Limited Total Asset vs. Current Liabilities
| AWCMY Stock | USD 3.98 0.03 0.75% |
For Alumina Limited profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alumina Limited to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alumina Limited PK utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alumina Limited's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alumina Limited PK over time as well as its relative position and ranking within its peers.
Alumina |
Alumina Limited PK Current Liabilities vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Alumina Limited's current stock value. Our valuation model uses many indicators to compare Alumina Limited value to that of its competitors to determine the firm's financial worth. Alumina Limited PK is number one stock in total asset category among related companies. It is number one stock in current liabilities category among related companies . The ratio of Total Asset to Current Liabilities for Alumina Limited PK is about 835.57 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Alumina Limited by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Alumina Limited's OTC Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Alumina Limited's earnings, one of the primary drivers of an investment's value.Alumina Current Liabilities vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Alumina Limited |
| = | 1.75 B |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Alumina Limited |
| = | 2.1 M |
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
Alumina Limited Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Alumina Limited, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Alumina Limited will eventually generate negative long term returns. The profitability progress is the general direction of Alumina Limited's change in net profit over the period of time. It can combine multiple indicators of Alumina Limited, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Alumina Limited, through its 40 percent interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting businesses. Alumina Limited was incorporated in 1970 and is headquartered in Southbank, Australia. ALUMINA operates under Aluminum classification in the United States and is traded on OTC Exchange.
Alumina Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Alumina Limited. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Alumina Limited position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Alumina Limited's important profitability drivers and their relationship over time.
Use Alumina Limited in pair-trading
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 Alumina Limited 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 Alumina Limited will appreciate offsetting losses from the drop in the long position's value.Alumina Limited Pair Trading
Alumina Limited PK Pair Trading Analysis
The ability to find closely correlated positions to Alumina Limited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alumina Limited 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 Alumina Limited - 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 Alumina Limited PK to buy it.
The correlation of Alumina Limited 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 Alumina Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alumina Limited PK 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 Alumina Limited 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.Use Investing Themes to Complement your Alumina Limited position
In addition to having Alumina Limited in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Entertainment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Entertainment Theme or any other thematic opportunities.
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Complementary Tools for Alumina OTC Stock analysis
When running Alumina Limited's price analysis, check to measure Alumina Limited'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 Alumina Limited is operating at the current time. Most of Alumina Limited's value examination focuses on studying past and present price action to predict the probability of Alumina Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alumina Limited's price. Additionally, you may evaluate how the addition of Alumina Limited to your portfolios can decrease your overall portfolio volatility.
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To fully project Alumina Limited's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alumina Limited PK at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alumina Limited's income statement, its balance sheet, and the statement of cash flows.