American Common Stock vs Other Current Liab Analysis
| ABAT Stock | 1.42 0.09 5.96% |
American Battery financial indicator trend analysis is way more than just evaluating American Battery Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Battery Tec is a good investment. Please check the relationship between American Battery Common Stock and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Battery Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Common Stock vs Other Current Liab
Common Stock vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Battery Tec Common Stock account and Other Current Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between American Battery's Common Stock and Other Current Liab is -0.14. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of American Battery Technology, assuming nothing else is changed. The correlation between historical values of American Battery's Common Stock and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of American Battery Technology are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Common Stock i.e., American Battery's Common Stock and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.14 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Common Stock
Other Current Liab
Most indicators from American Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Battery Tec current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Battery Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Issuance Of Capital Stock is likely to gain to about 23 M in 2024, whereas Selling General Administrative is likely to drop slightly above 10.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Research Development | 963.4K | 7.7M | 8.9M | 9.3M | Depreciation And Amortization | 47.3K | 197.7K | 227.4K | 238.8K |
American Battery fundamental ratios Correlations
Click cells to compare fundamentals
American Battery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with American Battery
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 American Battery 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 American Battery will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
| 0.66 | ELBM | Electra Battery Materials | PairCorr |
Moving against American Stock
| 0.82 | RIO | Rio Tinto ADR | PairCorr |
| 0.81 | XPL | Solitario Exploration | PairCorr |
| 0.73 | GSM | Ferroglobe PLC | PairCorr |
| 0.71 | VZLA | Vizsla Resources Corp Financial Report 18th of July 2024 | PairCorr |
| 0.71 | SKE | Skeena Resources | PairCorr |
The ability to find closely correlated positions to American Battery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Battery 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 American Battery - 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 American Battery Technology to buy it.
The correlation of American Battery 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 American Battery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Battery Tec 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 American Battery 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in American Battery Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the American Battery Tec information on this page should be used as a complementary analysis to other American Battery's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for American Stock analysis
When running American Battery's price analysis, check to measure American Battery'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 American Battery is operating at the current time. Most of American Battery's value examination focuses on studying past and present price action to predict the probability of American Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Battery's price. Additionally, you may evaluate how the addition of American Battery to your portfolios can decrease your overall portfolio volatility.
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Is American Battery'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 American Battery. If investors know American 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 American Battery listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.35) | Return On Assets (0.21) | Return On Equity (0.39) |
The market value of American Battery Tec is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Battery's value that differs from its market value or its book value, called intrinsic value, which is American Battery'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 American Battery's market value can be influenced by many factors that don't directly affect American Battery'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 American Battery's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Battery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Battery'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.