Albany Total Current Assets from 2010 to 2024
| AIN Stock | USD 87.68 0.30 0.34% |
Total Current Assets | First Reported 1985-12-31 | Previous Quarter 856.4 M | Current Value 878 M | Quarterly Volatility 157 M |
Check Albany International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Albany main balance sheet or income statement drivers, such as Depreciation And Amortization of 58.5 M, Interest Expense of 37.2 M or Selling General Administrative of 186 M, as well as many exotic indicators such as Price To Sales Ratio of 2.8, Dividend Yield of 0.0176 or PTB Ratio of 1.87. Albany financial statements analysis is a perfect complement when working with Albany International Valuation or Volatility modules.
Albany | Total Current Assets |
Latest Albany International's Total Current Assets Growth Pattern
Below is the plot of the Total Current Assets of Albany International over the last few years. It is the total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle. Albany International's Total Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Albany International's overall financial position and show how it may be relating to other accounts over time.
| Total Current Assets | 10 Years Trend |
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Total Current Assets |
| Timeline |
Albany Total Current Assets Regression Statistics
| Arithmetic Mean | 568,567,622 | |
| Geometric Mean | 529,984,065 | |
| Coefficient Of Variation | 32.12 | |
| Mean Deviation | 132,327,636 | |
| Median | 522,484,000 | |
| Standard Deviation | 182,600,482 | |
| Sample Variance | 33342.9T | |
| Range | 747.3M | |
| R-Value | 0.75 | |
| Mean Square Error | 15894.8T | |
| R-Squared | 0.56 | |
| Significance | 0 | |
| Slope | 30,482,387 | |
| Total Sum of Squares | 466801.1T |
Albany Total Current Assets History
About Albany International Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Albany International income statement, its balance sheet, and the statement of cash flows. Albany International investors use historical funamental indicators, such as Albany International's Total Current Assets, to determine how well the company is positioned to perform in the future. Although Albany International investors may use each financial statement separately, they are all related. The changes in Albany International's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Albany International'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 Albany International Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Albany International. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Current Assets | 878 M | 493.3 M |
Albany International Investors Sentiment
The influence of Albany International's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Albany. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Albany International's public news can be used to forecast risks associated with an investment in Albany. The trend in average sentiment can be used to explain how an investor holding Albany can time the market purely based on public headlines and social activities around Albany International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Albany International's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Albany International's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Albany International's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Albany International.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Albany International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Albany International's short interest history, or implied volatility extrapolated from Albany International options trading.
Pair Trading with Albany International
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 Albany International 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 Albany International will appreciate offsetting losses from the drop in the long position's value.Moving together with Albany Stock
| 0.68 | AS | Amer Sports | PairCorr |
Moving against Albany Stock
| 0.5 | ELMSQ | Electric Last Mile | PairCorr |
| 0.45 | VIRC | Virco Manufacturing Financial Report 10th of June 2024 | PairCorr |
The ability to find closely correlated positions to Albany International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Albany International 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 Albany International - 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 Albany International to buy it.
The correlation of Albany International 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 Albany International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Albany International 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 Albany International 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 Albany International Correlation against competitors. To learn how to invest in Albany Stock, please use our How to Invest in Albany International guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Albany Stock analysis
When running Albany International's price analysis, check to measure Albany International'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 Albany International is operating at the current time. Most of Albany International's value examination focuses on studying past and present price action to predict the probability of Albany International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Albany International's price. Additionally, you may evaluate how the addition of Albany International to your portfolios can decrease your overall portfolio volatility.
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Is Albany International'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 Albany International. If investors know Albany 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 Albany International 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 0.677 | Dividend Share 1.01 | Earnings Share 3.55 | Revenue Per Share 36.826 | Quarterly Revenue Growth 0.204 |
The market value of Albany International is measured differently than its book value, which is the value of Albany that is recorded on the company's balance sheet. Investors also form their own opinion of Albany International's value that differs from its market value or its book value, called intrinsic value, which is Albany International'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 Albany International's market value can be influenced by many factors that don't directly affect Albany International'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 Albany International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Albany International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albany International'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.