Allegheny Pretax Profit Margin from 2010 to 2024
| ATI Stock | USD 51.10 0.37 0.73% |
Pretax Profit Margin | First Reported 2010-12-31 | Previous Quarter 0.03912629 | Current Value 0.0411 | Quarterly Volatility 0.15472979 |
Check Allegheny Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allegheny main balance sheet or income statement drivers, such as Depreciation And Amortization of 146.8 M, Interest Expense of 67.3 M or Selling General Administrative of 212.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.65, Dividend Yield of 0.0026 or PTB Ratio of 2.76. Allegheny financial statements analysis is a perfect complement when working with Allegheny Technologies Valuation or Volatility modules.
Allegheny | Pretax Profit Margin |
Latest Allegheny Technologies' Pretax Profit Margin Growth Pattern
Below is the plot of the Pretax Profit Margin of Allegheny Technologies Incorporated over the last few years. It is Allegheny Technologies' Pretax Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allegheny Technologies' overall financial position and show how it may be relating to other accounts over time.
| Pretax Profit Margin | 10 Years Trend |
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Pretax Profit Margin |
| Timeline |
Allegheny Pretax Profit Margin Regression Statistics
| Arithmetic Mean | (0.03) | |
| Coefficient Of Variation | (503.23) | |
| Mean Deviation | 0.10 | |
| Median | 0.04 | |
| Standard Deviation | 0.15 | |
| Sample Variance | 0.02 | |
| Range | 0.5978 | |
| R-Value | (0.13) | |
| Mean Square Error | 0.03 | |
| R-Squared | 0.02 | |
| Significance | 0.64 | |
| Slope | (0) | |
| Total Sum of Squares | 0.34 |
Allegheny Pretax Profit Margin History
About Allegheny Technologies Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Allegheny Technologies income statement, its balance sheet, and the statement of cash flows. Allegheny Technologies investors use historical funamental indicators, such as Allegheny Technologies's Pretax Profit Margin, to determine how well the company is positioned to perform in the future. Although Allegheny Technologies investors may use each financial statement separately, they are all related. The changes in Allegheny Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Allegheny Technologies'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 Allegheny Technologies Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Allegheny Technologies. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | 0.04 | 0.04 |
Pair Trading with Allegheny Technologies
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 Allegheny Technologies 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 Allegheny Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Allegheny Stock
| 0.91 | ESAB | ESAB Corp Financial Report 7th of May 2024 | PairCorr |
| 0.74 | CRS | Carpenter Technology Report 25th of April 2024 | PairCorr |
Moving against Allegheny Stock
| 0.85 | SGBX | SG Blocks | PairCorr |
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| 0.69 | AZ | A2Z Smart Technologies | PairCorr |
| 0.53 | PRLB | Proto Labs Financial Report 3rd of May 2024 | PairCorr |
| 0.5 | AP | Ampco Pittsburgh | PairCorr |
The ability to find closely correlated positions to Allegheny Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegheny Technologies 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 Allegheny Technologies - 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 Allegheny Technologies Incorporated to buy it.
The correlation of Allegheny Technologies 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 Allegheny Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegheny Technologies 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 Allegheny Technologies 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 Allegheny Technologies Correlation against competitors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Allegheny Stock analysis
When running Allegheny Technologies' price analysis, check to measure Allegheny Technologies' 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 Allegheny Technologies is operating at the current time. Most of Allegheny Technologies' value examination focuses on studying past and present price action to predict the probability of Allegheny Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegheny Technologies' price. Additionally, you may evaluate how the addition of Allegheny Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Allegheny Technologies' 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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 (0.32) | Earnings Share 2.81 | Revenue Per Share 32.582 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0537 |
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.