Albertsons Operating Income vs Current Ratio Analysis
| ACI Stock | USD 20.06 0.26 1.28% |
Albertsons Companies financial indicator trend analysis is way more than just evaluating Albertsons Companies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Albertsons Companies is a good investment. Please check the relationship between Albertsons Companies Operating Income and its Current Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albertsons Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more detail on how to invest in Albertsons Stock please use our How to Invest in Albertsons Companies guide.
Operating Income vs Current Ratio
Operating Income vs Current Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Albertsons Companies Operating Income account and Current Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Albertsons Companies' Operating Income and Current Ratio is -0.8. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Current Ratio in the same time period over historical financial statements of Albertsons Companies, assuming nothing else is changed. The correlation between historical values of Albertsons Companies' Operating Income and Current Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Albertsons Companies are associated (or correlated) with its Current Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Ratio has no effect on the direction of Operating Income i.e., Albertsons Companies' Operating Income and Current Ratio go up and down completely randomly.
Correlation Coefficient | -0.8 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Albertsons Companies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Albertsons Companies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Most indicators from Albertsons Companies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Albertsons Companies 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 Albertsons Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more detail on how to invest in Albertsons Stock please use our How to Invest in Albertsons Companies guide.The Albertsons Companies' current Tax Provision is estimated to increase to about 307.6 M, while Selling General Administrative is projected to decrease to under 19 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 481.9M | 404.6M | 383.1M | 656.9M | Depreciation And Amortization | 2.4B | 2.3B | 2.3B | 1.8B |
Albertsons Companies fundamental ratios Correlations
Click cells to compare fundamentals
Albertsons Companies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Albertsons Companies
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 Albertsons Companies 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 Albertsons Companies will appreciate offsetting losses from the drop in the long position's value.Moving together with Albertsons Stock
| 0.69 | IMKTA | Ingles Markets rporated Earnings Call Next Week | PairCorr |
Moving against Albertsons Stock
| 0.7 | SFM | Sprouts Farmers Market Earnings Call This Week | PairCorr |
| 0.65 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.61 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.56 | CASY | Caseys General Stores Financial Report 4th of June 2024 | PairCorr |
| 0.54 | CL | Colgate Palmolive Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Albertsons Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Albertsons Companies 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 Albertsons Companies - 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 Albertsons Companies to buy it.
The correlation of Albertsons Companies 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 Albertsons Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Albertsons Companies 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 Albertsons Companies 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 Albertsons Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more detail on how to invest in Albertsons Stock please use our How to Invest in Albertsons Companies guide.Note that the Albertsons Companies information on this page should be used as a complementary analysis to other Albertsons Companies' 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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Is Albertsons Companies' 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 Albertsons Companies. If investors know Albertsons 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 Albertsons Companies 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 (0.17) | Dividend Share 0.48 | Earnings Share 2.23 | Revenue Per Share 137.709 | Quarterly Revenue Growth 0.004 |
The market value of Albertsons Companies is measured differently than its book value, which is the value of Albertsons that is recorded on the company's balance sheet. Investors also form their own opinion of Albertsons Companies' value that differs from its market value or its book value, called intrinsic value, which is Albertsons Companies' 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 Albertsons Companies' market value can be influenced by many factors that don't directly affect Albertsons Companies' 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 Albertsons Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Albertsons Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albertsons Companies' 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.