Albemarle Other Current Assets vs Cash And Short Term Investments Analysis

ALB Stock

USD 133.55 3.09 2.37%

Albemarle Corp financial indicator trend analysis is way more than just evaluating Albemarle Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Albemarle Corp is a good investment. Please check the relationship between Albemarle Corp Other Current Assets and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albemarle Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Albemarle Stock refer to our How to Trade Albemarle Stock guide.

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Albemarle Corp Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Albemarle Corp's Other Current Assets and Cash And Short Term Investments is 0.17. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Albemarle Corp, assuming nothing else is changed. The correlation between historical values of Albemarle Corp's Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Albemarle Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Albemarle Corp's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Albemarle Corp balance sheet. This account contains Albemarle Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Albemarle Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Albemarle Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Albemarle Corp 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 Albemarle Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Albemarle Stock refer to our How to Trade Albemarle Stock guide.At present, Albemarle Corp's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Discontinued Operations is expected to grow to about 244.1 M, whereas Tax Provision is forecasted to decline to about 193.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	998.0M	3.1B	1.2B	790.4M
Total Revenue	3.3B	7.3B	9.6B	10.1B

Gross Profit Total Revenue

Albemarle Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Retained Earnings	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.88	0.39	0.99	0.98	0.96	0.81	0.92	0.09	0.98	-0.09	0.09	0.93	0.22	0.92	0.93	-0.34	0.88	0.97	0.96	0.87	0.52	0.21	0.95	0.42	0.66
Short Long Term Debt Total	0.88		0.4	0.88	0.77	0.79	0.86	0.69	0.23	0.86	-0.15	0.23	0.75	0.08	0.97	0.7	-0.24	0.71	0.96	0.77	0.77	0.77	0.42	0.74	0.35	0.59
Other Current Liab	0.39	0.4		0.3	0.32	0.23	0.35	0.12	0.15	0.44	-0.14	0.15	0.14	0.63	0.54	0.13	0.25	0.63	0.45	0.26	0.19	0.26	0.62	0.16	-0.34	0.78
Total Current Liabilities	0.99	0.88	0.3		0.97	0.96	0.8	0.93	0.1	0.96	-0.1	0.1	0.95	0.16	0.89	0.94	-0.35	0.84	0.96	0.96	0.89	0.57	0.17	0.95	0.43	0.58
Total Stockholder Equity	0.98	0.77	0.32	0.97		0.97	0.72	0.95	0.04	0.96	-0.07	0.04	0.95	0.24	0.82	0.96	-0.36	0.88	0.91	0.98	0.87	0.39	0.08	0.97	0.42	0.62
Property Plant And Equipment Net	0.96	0.79	0.23	0.96	0.97		0.78	0.92	-0.04	0.96	-0.06	-0.04	0.92	0.19	0.83	0.93	-0.5	0.82	0.91	0.99	0.8	0.45	0.03	0.96	0.57	0.56
Net Debt	0.81	0.86	0.35	0.8	0.72	0.78		0.62	-0.28	0.87	-0.06	-0.28	0.69	0.17	0.88	0.65	-0.33	0.67	0.87	0.74	0.5	0.66	0.54	0.68	0.41	0.53
Accounts Payable	0.92	0.69	0.12	0.93	0.95	0.92	0.62		0.06	0.86	-0.05	0.06	0.97	0.13	0.72	1.0	-0.39	0.75	0.83	0.94	0.9	0.26	-0.04	0.97	0.46	0.46
Cash	0.09	0.23	0.15	0.1	0.04	-0.04	-0.28	0.06		-0.06	-0.15	1.0	0.04	-0.1	0.15	0.04	0.17	0.03	0.14	-0.01	0.46	0.19	-0.21	0.05	-0.12	0.18
Non Current Assets Total	0.98	0.86	0.44	0.96	0.96	0.96	0.87	0.86	-0.06		-0.08	-0.06	0.88	0.29	0.92	0.88	-0.37	0.9	0.96	0.95	0.77	0.53	0.29	0.91	0.43	0.68
Non Currrent Assets Other	-0.09	-0.15	-0.14	-0.1	-0.07	-0.06	-0.06	-0.05	-0.15	-0.08		-0.15	-0.09	-0.13	-0.12	-0.03	-0.04	-0.15	-0.12	-0.04	-0.12	-0.2	-0.07	0.0	0.17	0.05
Cash And Short Term Investments	0.09	0.23	0.15	0.1	0.04	-0.04	-0.28	0.06	1.0	-0.06	-0.15		0.04	-0.1	0.15	0.04	0.17	0.03	0.14	-0.01	0.46	0.19	-0.21	0.05	-0.12	0.18
Net Receivables	0.93	0.75	0.14	0.95	0.95	0.92	0.69	0.97	0.04	0.88	-0.09	0.04		0.03	0.76	0.98	-0.24	0.73	0.86	0.94	0.9	0.38	0.05	0.97	0.37	0.48
Common Stock Shares Outstanding	0.22	0.08	0.63	0.16	0.24	0.19	0.17	0.13	-0.1	0.29	-0.13	-0.1	0.03		0.22	0.11	-0.25	0.55	0.2	0.14	0.0	-0.05	0.31	0.07	-0.07	0.54
Non Current Liabilities Total	0.92	0.97	0.54	0.89	0.82	0.83	0.88	0.72	0.15	0.92	-0.12	0.15	0.76	0.22		0.74	-0.25	0.8	0.98	0.82	0.76	0.65	0.45	0.78	0.34	0.7
Inventory	0.93	0.7	0.13	0.94	0.96	0.93	0.65	1.0	0.04	0.88	-0.03	0.04	0.98	0.11	0.74		-0.37	0.75	0.84	0.95	0.89	0.28	-0.03	0.98	0.47	0.48
Other Current Assets	-0.34	-0.24	0.25	-0.35	-0.36	-0.5	-0.33	-0.39	0.17	-0.37	-0.04	0.17	-0.24	-0.25	-0.25	-0.37		-0.31	-0.3	-0.41	-0.19	-0.03	0.31	-0.35	-0.9	0.02
Other Stockholder Equity	0.88	0.71	0.63	0.84	0.88	0.82	0.67	0.75	0.03	0.9	-0.15	0.03	0.73	0.55	0.8	0.75	-0.31		0.84	0.82	0.68	0.39	0.33	0.75	0.22	0.69
Total Liab	0.97	0.96	0.45	0.96	0.91	0.91	0.87	0.83	0.14	0.96	-0.12	0.14	0.86	0.2	0.98	0.84	-0.3	0.84		0.9	0.83	0.63	0.34	0.87	0.39	0.67
Property Plant And Equipment Gross	0.96	0.77	0.26	0.96	0.98	0.99	0.74	0.94	-0.01	0.95	-0.04	-0.01	0.94	0.14	0.82	0.95	-0.41	0.82	0.9		0.84	0.39	0.03	0.97	0.51	0.58
Total Current Assets	0.87	0.77	0.19	0.89	0.87	0.8	0.5	0.9	0.46	0.77	-0.12	0.46	0.9	0.0	0.76	0.89	-0.19	0.68	0.83	0.84		0.4	-0.03	0.89	0.31	0.49
Short Term Debt	0.52	0.77	0.26	0.57	0.39	0.45	0.66	0.26	0.19	0.53	-0.2	0.19	0.38	-0.05	0.65	0.28	-0.03	0.39	0.63	0.39	0.4		0.39	0.36	0.08	0.33
Intangible Assets	0.21	0.42	0.62	0.17	0.08	0.03	0.54	-0.04	-0.21	0.29	-0.07	-0.21	0.05	0.31	0.45	-0.03	0.31	0.33	0.34	0.03	-0.03	0.39		-0.04	-0.34	0.4
Retained Earnings	0.95	0.74	0.16	0.95	0.97	0.96	0.68	0.97	0.05	0.91	0.0	0.05	0.97	0.07	0.78	0.98	-0.35	0.75	0.87	0.97	0.89	0.36	-0.04		0.48	0.54
Current Deferred Revenue	0.42	0.35	-0.34	0.43	0.42	0.57	0.41	0.46	-0.12	0.43	0.17	-0.12	0.37	-0.07	0.34	0.47	-0.9	0.22	0.39	0.51	0.31	0.08	-0.34	0.48		0.04
Common Stock Total Equity	0.66	0.59	0.78	0.58	0.62	0.56	0.53	0.46	0.18	0.68	0.05	0.18	0.48	0.54	0.7	0.48	0.02	0.69	0.67	0.58	0.49	0.33	0.4	0.54	0.04

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Albemarle Corp Account Relationship Matchups

Albemarle Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.9B	10.5B	11.0B	15.5B	18.3B	19.2B
Short Long Term Debt Total	3.1B	3.6B	2.4B	3.2B	4.3B	4.5B
Other Current Liab	624.4M	514.0M	836.4M	686.9M	514.3M	319.5M
Total Current Liabilities	1.4B	1.8B	1.9B	2.7B	3.6B	3.7B
Total Stockholder Equity	3.9B	4.3B	5.6B	8.0B	9.4B	9.9B
Property Plant And Equipment Net	4.9B	5.4B	5.9B	7.0B	9.6B	10.1B
Net Debt	2.5B	2.8B	2.0B	1.7B	3.4B	3.6B
Accounts Payable	574.1M	483.2M	648.0M	2.1B	2.1B	2.2B
Cash	613.1M	746.7M	439.3M	1.5B	889.9M	500.1M
Non Current Assets Total	7.6B	8.2B	9.0B	10.3B	13.1B	13.7B
Non Currrent Assets Other	197.8M	199.0M	233.4M	204.1M	125.5M	148.0M
Cash And Short Term Investments	613.1M	746.7M	439.3M	1.5B	889.9M	500.1M
Net Receivables	680.2M	592.8M	623.1M	1.4B	1.8B	1.9B
Common Stock Shares Outstanding	106.3M	106.8M	116.5M	117.8M	117.8M	81.9M
Liabilities And Stockholders Equity	9.9B	10.5B	11.0B	15.5B	18.3B	19.2B
Non Current Liabilities Total	4.4B	4.2B	3.3B	4.5B	5.0B	5.3B
Inventory	769.0M	750.2M	812.9M	2.1B	2.2B	2.3B
Other Current Assets	162.8M	116.4M	132.7M	235.0M	330.5M	439.7M
Other Stockholder Equity	1.4B	1.4B	2.9B	2.9B	3.0B	3.1B
Total Liab	5.8B	6.0B	5.2B	7.3B	8.6B	9.0B
Property Plant And Equipment Gross	6.8B	5.5B	8.1B	9.4B	12.4B	13.0B
Total Current Assets	2.2B	2.2B	2.0B	5.2B	5.2B	5.5B
Accumulated Other Comprehensive Income	(395.7M)	(326.1M)	(392.5M)	(560.7M)	(528.5M)	(502.1M)
Short Term Debt	210.5M	804.7M	389.9M	2.1M	656.3M	689.2M
Intangible Assets	354.6M	349.1M	308.9M	287.9M	261.9M	280.7M
Retained Earnings	2.9B	3.2B	3.1B	5.6B	7.0B	7.3B
Current Deferred Revenue	(418.5M)	(522.5M)	394.9M	301.8M	271.6M	285.2M
Common Stock Total Equity	1.1M	1.1M	1.2M	1.2M	1.3M	876.9K
Common Stock	1.1M	1.1M	1.2M	1.2M	1.2M	891.7K
Other Liab	1.4B	1.4B	1.3B	1.2B	1.4B	1.5B
Other Assets	79.2M	219.3M	451.1M	122.4M	1.0	0.95
Long Term Debt	2.8B	2.8B	2.0B	3.2B	3.5B	3.7B
Good Will	1.6B	1.7B	1.6B	1.6B	1.6B	856.5M
Property Plant Equipment	5.0B	5.4B	5.9B	7.1B	8.2B	8.6B
Net Tangible Assets	2.0B	4.3B	3.7B	8.0B	9.2B	9.6B
Long Term Debt Total	2.9B	2.8B	2.0B	3.2B	3.7B	2.1B

Pair Trading with Albemarle Corp

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 Albemarle Corp 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 Albemarle Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Albemarle Stock

0.41

Chemours

Pair Corr

The ability to find closely correlated positions to Albemarle Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Albemarle Corp 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 Albemarle Corp - 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 Albemarle Corp to buy it.

The correlation of Albemarle Corp 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 Albemarle Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Albemarle Corp 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 Albemarle Corp 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.

Pair Correlation Correlation Matching

When determining whether Albemarle Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Albemarle Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Albemarle Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Albemarle Corp Stock:

How To Invest In Albemarle

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Is Albemarle Stock a good investment?

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What is Albemarle Corp's Net Worth?

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Largest Specialty Chemicals Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albemarle Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Albemarle Stock refer to our How to Trade Albemarle Stock guide.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Albemarle Stock analysis

When running Albemarle Corp's price analysis, check to measure Albemarle Corp'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 Albemarle Corp is operating at the current time. Most of Albemarle Corp's value examination focuses on studying past and present price action to predict the probability of Albemarle Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Albemarle Corp's price. Additionally, you may evaluate how the addition of Albemarle Corp to your portfolios can decrease your overall portfolio volatility.

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Is Albemarle Corp'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 Albemarle Corp. If investors know Albemarle 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 Albemarle Corp 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

(0.66)

Dividend Share

1.6

Earnings Share

2.76

Revenue Per Share

71.548

Quarterly Revenue Growth

(0.47)

The market value of Albemarle Corp is measured differently than its book value, which is the value of Albemarle that is recorded on the company's balance sheet. Investors also form their own opinion of Albemarle Corp's value that differs from its market value or its book value, called intrinsic value, which is Albemarle Corp'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 Albemarle Corp's market value can be influenced by many factors that don't directly affect Albemarle Corp'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 Albemarle Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Albemarle Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albemarle Corp'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.

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Albemarle Other Current Assets vs Cash And Short Term Investments Analysis

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Other Current Assets

Cash And Short Term Investments

Albemarle Corp fundamental ratios Correlations

Albemarle Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Albemarle Corp fundamental ratios Accounts

Pair Trading with Albemarle Corp

Moving against Albemarle Stock

Complementary Tools for Albemarle Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 1.0	Accounts Payable
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets

Current Deferred Revenue	- 0.9	Other Current Assets
Other Current Assets	- 0.5	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.41	Other Current Assets
Other Current Assets	- 0.39	Accounts Payable
Other Current Assets	- 0.37	Inventory
Other Current Assets	- 0.37	Non Current Assets Total