Century Cash And Short Term Investments from 2010 to 2024

CENX Stock  USD 17.39  0.16  0.91%   
Century Aluminum Cash And Short Term Investments yearly trend continues to be fairly stable with very little volatility. Cash And Short Term Investments are likely to outpace its year average in 2024. Cash And Short Term Investments is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. View All Fundamentals
 
Cash And Short Term Investments  
First Reported
1996-03-31
Previous Quarter
70.3 M
Current Value
90.3 M
Quarterly Volatility
92.7 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Century Aluminum financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Century main balance sheet or income statement drivers, such as Depreciation And Amortization of 67.5 M, Interest Expense of 23.1 M or Selling General Administrative of 6.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.5, Dividend Yield of 0.014 or PTB Ratio of 2.17. Century financial statements analysis is a perfect complement when working with Century Aluminum Valuation or Volatility modules.
  
This module can also supplement Century Aluminum's financial leverage analysis and stock options assessment as well as various Century Aluminum Technical models . Check out the analysis of Century Aluminum Correlation against competitors.
For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.

Latest Century Aluminum's Cash And Short Term Investments Growth Pattern

Below is the plot of the Cash And Short Term Investments of Century Aluminum over the last few years. Short Term Investments is an account in the current assets section of Century Aluminum balance sheet. This account contains Century Aluminum investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Century Aluminum fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. Century Aluminum's Cash And Short Term Investments historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Century Aluminum's overall financial position and show how it may be relating to other accounts over time.
Cash And Short Term Investments10 Years Trend
Slightly volatile
   Cash And Short Term Investments   
       Timeline  

Century Cash And Short Term Investments Regression Statistics

Arithmetic Mean98,504,885
Geometric Mean57,344,123
Coefficient Of Variation60.22
Mean Deviation49,446,811
Median90,300,000
Standard Deviation59,316,061
Sample Variance3518.4T
Range183.9M
R-Value(0.30)
Mean Square Error3446.8T
R-Squared0.09
Significance0.28
Slope(3,986,207)
Total Sum of Squares49257.5T

Century Cash And Short Term Investments History

2024114.8 M
202390.3 M
202254.3 M
202129 M
202081.6 M
201838.9 M
2017167.2 M

About Century Aluminum Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Century Aluminum income statement, its balance sheet, and the statement of cash flows. Century Aluminum investors use historical funamental indicators, such as Century Aluminum's Cash And Short Term Investments, to determine how well the company is positioned to perform in the future. Although Century Aluminum investors may use each financial statement separately, they are all related. The changes in Century Aluminum's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Century Aluminum'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 Century Aluminum Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Century Aluminum. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Cash And Short Term Investments90.3 M114.8 M

Pair Trading with Century Aluminum

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 Century Aluminum 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 Century Aluminum will appreciate offsetting losses from the drop in the long position's value.

Moving together with Century Stock

  0.97AA Alcoa Corp Financial Report 17th of July 2024 PairCorr
  0.92AG First Majestic Silver Earnings Call This WeekPairCorr
  0.81AU AngloGold Ashanti plc Financial Report 28th of June 2024 PairCorr

Moving against Century Stock

  0.76X United States Steel Earnings Call This WeekPairCorr
  0.72NC NACCO Industries Earnings Call This WeekPairCorr
  0.7VALE Vale SA ADR Aggressive PushPairCorr
The ability to find closely correlated positions to Century Aluminum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Aluminum 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 Century Aluminum - 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 Century Aluminum to buy it.
The correlation of Century Aluminum 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 Century Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Aluminum 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 Century Aluminum 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
When determining whether Century Aluminum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Century Aluminum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Century Aluminum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Century Aluminum Stock:
Check out the analysis of Century Aluminum Correlation against competitors.
For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for Century Stock analysis

When running Century Aluminum's price analysis, check to measure Century Aluminum'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 Century Aluminum is operating at the current time. Most of Century Aluminum's value examination focuses on studying past and present price action to predict the probability of Century Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Aluminum's price. Additionally, you may evaluate how the addition of Century Aluminum to your portfolios can decrease your overall portfolio volatility.
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Is Century Aluminum'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 Century Aluminum. If investors know Century 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 Century Aluminum 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
(0.80)
Earnings Share
(0.47)
Revenue Per Share
23.652
Quarterly Revenue Growth
(0.03)
Return On Assets
0.012
The market value of Century Aluminum is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Aluminum's value that differs from its market value or its book value, called intrinsic value, which is Century Aluminum'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 Century Aluminum's market value can be influenced by many factors that don't directly affect Century Aluminum'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 Century Aluminum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Aluminum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Aluminum'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.