Alliance Ptb Ratio from 2010 to 2024
| ARLP Stock | USD 23.47 2.32 10.97% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 1.46834346 | Current Value 1.39 | Quarterly Volatility 0.91877277 |
Check Alliance Resource financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alliance main balance sheet or income statement drivers, such as Depreciation And Amortization of 188.2 M, Interest Expense of 29.6 M or Selling General Administrative of 54.8 M, as well as many exotic indicators such as Price To Sales Ratio of 1.25, Dividend Yield of 0.0734 or PTB Ratio of 1.39. Alliance financial statements analysis is a perfect complement when working with Alliance Resource Valuation or Volatility modules.
Alliance | Ptb Ratio |
Latest Alliance Resource's Ptb Ratio Growth Pattern
Below is the plot of the Ptb Ratio of Alliance Resource Partners over the last few years. It is price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value. Alliance Resource's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Alliance Resource's overall financial position and show how it may be relating to other accounts over time.
| Ptb Ratio | 10 Years Trend |
|
Ptb Ratio |
| Timeline |
Alliance Ptb Ratio Regression Statistics
| Arithmetic Mean | 1.78 | |
| Geometric Mean | 1.59 | |
| Coefficient Of Variation | 51.51 | |
| Mean Deviation | 0.62 | |
| Median | 1.60 | |
| Standard Deviation | 0.92 | |
| Sample Variance | 0.84 | |
| Range | 3.9183 | |
| R-Value | (0.58) | |
| Mean Square Error | 0.60 | |
| R-Squared | 0.34 | |
| Significance | 0.02 | |
| Slope | (0.12) | |
| Total Sum of Squares | 11.82 |
Alliance Ptb Ratio History
About Alliance Resource Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Alliance Resource income statement, its balance sheet, and the statement of cash flows. Alliance Resource investors use historical funamental indicators, such as Alliance Resource's Ptb Ratio, to determine how well the company is positioned to perform in the future. Although Alliance Resource investors may use each financial statement separately, they are all related. The changes in Alliance Resource's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Alliance Resource'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 Alliance Resource Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Alliance Resource. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| PTB Ratio | 1.47 | 1.39 |
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 against Alliance Stock
| 0.46 | HNRG | Hallador Energy Financial Report 13th of May 2024 | PairCorr |
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.Check out the analysis of Alliance Resource Correlation against competitors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary 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.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| 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 | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Commodity Directory Find actively traded commodities issued by global exchanges |
Is Alliance Resource'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 Alliance Resource. If investors know Alliance 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 Alliance Resource 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 (0.45) | Dividend Share 2.8 | Earnings Share 4.81 | Revenue Per Share 20.182 | Quarterly Revenue Growth (0.11) |
The market value of Alliance Resource is measured differently than its book value, which is the value of Alliance that is recorded on the company's balance sheet. Investors also form their own opinion of Alliance Resource's value that differs from its market value or its book value, called intrinsic value, which is Alliance Resource'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 Alliance Resource's market value can be influenced by many factors that don't directly affect Alliance Resource'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 Alliance Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliance Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliance Resource'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.