Allegro Net Interest Income vs Gross Profit Analysis

ALGM Stock

USD 29.69 0.56 1.85%

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

To learn how to invest in Allegro Stock, please use our How to Invest in Allegro MicrosystemsInc guide.

Net Interest Income vs Gross Profit

Net Interest Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegro MicrosystemsInc Net Interest Income account and Gross Profit. At this time, the significance of the direction appears to have weak relationship.

The correlation between Allegro MicrosystemsInc's Net Interest Income and Gross Profit is 0.38. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Allegro MicrosystemsInc, assuming nothing else is changed. The correlation between historical values of Allegro MicrosystemsInc's Net Interest Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Interest Income of Allegro MicrosystemsInc are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Interest Income i.e., Allegro MicrosystemsInc's Net Interest Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Allegro MicrosystemsInc minus its cost of goods sold. It is profit before Allegro MicrosystemsInc operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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

To learn how to invest in Allegro Stock, please use our How to Invest in Allegro MicrosystemsInc guide.As of the 1st of May 2024, Tax Provision is likely to grow to about 28.8 M, while Selling General Administrative is likely to drop about 157.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.1M	2.3M	2.7M	1.6M
Depreciation And Amortization	45.1M	49.9M	44.9M	42.6M

Interest Expense Depreciation And Amortization

Allegro MicrosystemsInc fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.08	0.68	0.91	1.0	-0.75	1.0	-0.5	0.69	-0.83	0.78	0.95	0.92	0.94	0.88	0.88	-0.54	0.92	0.76	0.81	0.76	0.85	-0.16	0.15	0.2	0.9
Short Long Term Debt Total	-0.08		-0.75	0.2	-0.1	-0.14	-0.07	0.38	0.07	0.13	0.12	-0.31	-0.01	-0.08	-0.23	-0.26	-0.42	-0.01	-0.37	-0.34	-0.38	-0.17	-0.56	0.28	-0.63	-0.3
Other Current Liab	0.68	-0.75		0.41	0.69	-0.26	0.68	-0.44	0.25	-0.52	0.37	0.82	0.53	0.69	0.63	0.65	0.1	0.53	0.79	0.65	0.67	0.57	0.39	0.08	0.49	0.71
Total Current Liabilities	0.91	0.2	0.41		0.89	-0.8	0.9	-0.46	0.76	-0.78	0.75	0.85	0.88	0.82	0.76	0.77	-0.74	0.88	0.48	0.73	0.65	0.8	-0.47	0.17	0.21	0.79
Total Stockholder Equity	1.0	-0.1	0.69	0.89		-0.75	1.0	-0.52	0.7	-0.84	0.77	0.95	0.93	0.94	0.89	0.88	-0.53	0.93	0.77	0.82	0.78	0.84	-0.15	0.14	0.2	0.91
Other Liab	-0.75	-0.14	-0.26	-0.8	-0.75		-0.71	0.81	-0.99	0.93	-0.48	-0.69	-0.94	-0.49	-0.81	-0.8	0.89	-0.94	-0.21	-0.85	-0.85	-0.66	0.68	0.38	-0.39	-0.86
Net Tangible Assets	1.0	-0.07	0.68	0.9	1.0	-0.71		-0.45	0.65	-0.8	0.79	0.94	0.9	0.96	0.86	0.86	-0.5	0.9	0.79	0.78	0.72	0.83	-0.12	0.21	0.14	0.88
Property Plant And Equipment Net	-0.5	0.38	-0.44	-0.46	-0.52	0.81	-0.45		-0.86	0.83	-0.17	-0.59	-0.73	-0.22	-0.73	-0.74	0.63	-0.73	-0.13	-0.88	-0.91	-0.56	0.43	0.73	-0.78	-0.81
Current Deferred Revenue	0.69	0.07	0.25	0.76	0.7	-0.99	0.65	-0.86		-0.92	0.44	0.67	0.9	0.43	0.8	0.8	-0.9	0.9	0.15	0.87	0.85	0.66	-0.69	-0.47	0.49	0.84
Net Debt	-0.83	0.13	-0.52	-0.78	-0.84	0.93	-0.8	0.83	-0.92		-0.62	-0.82	-0.95	-0.63	-0.95	-0.95	0.74	-0.95	-0.45	-0.97	-0.91	-0.73	0.42	0.32	-0.44	-0.93
Retained Earnings	0.78	0.12	0.37	0.75	0.77	-0.48	0.79	-0.17	0.44	-0.62		0.64	0.61	0.84	0.77	0.76	-0.49	0.61	0.7	0.59	0.33	0.77	0.0	0.28	-0.17	0.55
Accounts Payable	0.95	-0.31	0.82	0.85	0.95	-0.69	0.94	-0.59	0.67	-0.82	0.64		0.88	0.87	0.84	0.86	-0.43	0.88	0.71	0.85	0.83	0.8	-0.13	0.1	0.44	0.93
Cash	0.92	-0.01	0.53	0.88	0.93	-0.94	0.9	-0.73	0.9	-0.95	0.61	0.88		0.74	0.89	0.88	-0.73	1.0	0.52	0.89	0.9	0.77	-0.44	-0.15	0.35	0.96
Non Current Assets Total	0.94	-0.08	0.69	0.82	0.94	-0.49	0.96	-0.22	0.43	-0.63	0.84	0.87	0.74		0.76	0.75	-0.31	0.74	0.88	0.63	0.53	0.8	0.1	0.41	-0.01	0.73
Non Currrent Assets Other	0.88	-0.23	0.63	0.76	0.89	-0.81	0.86	-0.73	0.8	-0.95	0.77	0.84	0.89	0.76		1.0	-0.63	0.89	0.65	0.96	0.83	0.84	-0.17	-0.22	0.33	0.92
Other Assets	0.88	-0.26	0.65	0.77	0.88	-0.8	0.86	-0.74	0.8	-0.95	0.76	0.86	0.88	0.75	1.0		-0.62	0.88	0.64	0.97	0.84	0.85	-0.17	-0.22	0.39	0.92
Long Term Debt	-0.54	-0.42	0.1	-0.74	-0.53	0.89	-0.5	0.63	-0.9	0.74	-0.49	-0.43	-0.73	-0.31	-0.63	-0.62		-0.73	0.04	-0.65	-0.55	-0.59	0.8	0.37	-0.24	-0.59
Cash And Short Term Investments	0.92	-0.01	0.53	0.88	0.93	-0.94	0.9	-0.73	0.9	-0.95	0.61	0.88	1.0	0.74	0.89	0.88	-0.73		0.52	0.89	0.9	0.77	-0.44	-0.15	0.35	0.96
Net Receivables	0.76	-0.37	0.79	0.48	0.77	-0.21	0.79	-0.13	0.15	-0.45	0.7	0.71	0.52	0.88	0.65	0.64	0.04	0.52		0.5	0.42	0.69	0.51	0.33	-0.08	0.6
Good Will	0.81	-0.34	0.65	0.73	0.82	-0.85	0.78	-0.88	0.87	-0.97	0.59	0.85	0.89	0.63	0.96	0.97	-0.65	0.89	0.5		0.93	0.8	-0.28	-0.38	0.58	0.95
Common Stock Total Equity	0.76	-0.38	0.67	0.65	0.78	-0.85	0.72	-0.91	0.85	-0.91	0.33	0.83	0.9	0.53	0.83	0.84	-0.55	0.9	0.42	0.93		0.65	-0.33	-0.41	0.66	0.96
Common Stock Shares Outstanding	0.85	-0.17	0.57	0.8	0.84	-0.66	0.83	-0.56	0.66	-0.73	0.77	0.8	0.77	0.8	0.84	0.85	-0.59	0.77	0.69	0.8	0.65		-0.06	-0.11	0.3	0.81
Non Current Liabilities Total	-0.16	-0.56	0.39	-0.47	-0.15	0.68	-0.12	0.43	-0.69	0.42	0.0	-0.13	-0.44	0.1	-0.17	-0.17	0.8	-0.44	0.51	-0.28	-0.33	-0.06		0.29	-0.25	-0.26
Inventory	0.15	0.28	0.08	0.17	0.14	0.38	0.21	0.73	-0.47	0.32	0.28	0.1	-0.15	0.41	-0.22	-0.22	0.37	-0.15	0.33	-0.38	-0.41	-0.11	0.29		-0.56	-0.24
Other Current Assets	0.2	-0.63	0.49	0.21	0.2	-0.39	0.14	-0.78	0.49	-0.44	-0.17	0.44	0.35	-0.01	0.33	0.39	-0.24	0.35	-0.08	0.58	0.66	0.3	-0.25	-0.56		0.52
Other Stockholder Equity	0.9	-0.3	0.71	0.79	0.91	-0.86	0.88	-0.81	0.84	-0.93	0.55	0.93	0.96	0.73	0.92	0.92	-0.59	0.96	0.6	0.95	0.96	0.81	-0.26	-0.24	0.52

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Allegro MicrosystemsInc Account Relationship Matchups

Allegro MicrosystemsInc fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	817.8M	747.7M	892.6M	1.2B	1.4B	966.1M
Short Long Term Debt Total	85.7M	25M	41.5M	42.5M	38.3M	38.0M
Other Current Liab	5.3M	81.3M	70.7M	104.6M	120.3M	71.9M
Total Current Liabilities	150.1M	116.7M	104.2M	165.3M	190.1M	140.8M
Total Stockholder Equity	633.2M	585.8M	734.2M	965.6M	1.1B	771.7M
Net Tangible Assets	611.9M	529.3M	678.2M	937.9M	1.1B	732.0M
Property Plant And Equipment Net	332.3M	192.4M	226.1M	280.0M	252.0M	220.5M
Net Debt	(128.8M)	(172.2M)	(240.9M)	(309.0M)	(278.1M)	(292.0M)
Retained Earnings	194.4M	3.6M	123.0M	310.3M	356.9M	374.7M
Accounts Payable	20.8M	35.4M	29.8M	56.3M	64.7M	36.6M
Cash	214.5M	197.2M	282.4M	351.6M	404.3M	252.0M
Non Current Assets Total	369.6M	317.1M	380.9M	515.3M	592.6M	433.0M
Non Currrent Assets Other	2.1M	14.6M	53.2M	77.7M	89.3M	93.8M
Other Assets	16.0M	41.6M	71.2M	108.1M	124.3M	130.5M
Cash And Short Term Investments	214.5M	197.2M	282.4M	351.6M	404.3M	252.0M
Net Receivables	92.1M	94.8M	120.7M	130.5M	150.0M	121.9M
Good Will	1.3M	20.1M	20.0M	27.7M	31.8M	33.4M
Common Stock Shares Outstanding	189.4M	189.6M	191.8M	193.7M	222.7M	209.5M
Liabilities And Stockholders Equity	817.8M	747.7M	892.6M	1.2B	1.4B	966.1M
Non Current Liabilities Total	33.6M	44.1M	53.0M	49.0M	56.4M	52.4M
Inventory	127.2M	87.5M	86.2M	151.3M	136.2M	93.3M
Other Current Assets	14.4M	51.0M	22.4M	25.3M	29.1M	29.4M
Other Stockholder Equity	458.7M	592.2M	627.8M	674.2M	775.3M	616.1M
Total Liab	183.7M	160.8M	157.3M	214.3M	246.5M	193.3M
Net Invested Capital	718.9M	610.8M	759.2M	990.6M	1.1B	816.5M
Property Plant And Equipment Gross	332.3M	192.4M	210.0M	280.0M	252.0M	217.9M
Total Current Assets	448.2M	430.6M	511.7M	665.8M	765.7M	533.1M
Accumulated Other Comprehensive Income	(20.0M)	(11.9M)	(18.4M)	(20.8M)	(18.7M)	(19.6M)
Net Working Capital	298.1M	313.9M	407.5M	500.5M	575.6M	392.3M
Intangible Assets	20.0M	36.4M	36.0M	52.4M	60.2M	35.7M
Property Plant Equipment	332.3M	192.4M	226.1M	263.1M	236.8M	217.8M

Allegro MicrosystemsInc Investors Sentiment

The influence of Allegro MicrosystemsInc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Allegro. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Allegro MicrosystemsInc's public news can be used to forecast risks associated with an investment in Allegro. The trend in average sentiment can be used to explain how an investor holding Allegro can time the market purely based on public headlines and social activities around Allegro MicrosystemsInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Allegro MicrosystemsInc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allegro MicrosystemsInc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Allegro MicrosystemsInc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allegro MicrosystemsInc.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allegro MicrosystemsInc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allegro MicrosystemsInc's short interest history, or implied volatility extrapolated from Allegro MicrosystemsInc options trading.

Pair Trading with Allegro MicrosystemsInc

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 Allegro MicrosystemsInc 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 Allegro MicrosystemsInc will appreciate offsetting losses from the drop in the long position's value.

Moving against Allegro Stock

0.54	NN	Nextnav Acquisition Corp Financial Report 8th of May 2024	Pair Corr
0.47	MTSI	MACOM Technology Sol Earnings Call Tomorrow	Pair Corr

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

The correlation of Allegro MicrosystemsInc 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 Allegro MicrosystemsInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegro MicrosystemsInc 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 Allegro MicrosystemsInc 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 Allegro MicrosystemsInc is a strong investment it is important to analyze Allegro MicrosystemsInc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allegro MicrosystemsInc's future performance. For an informed investment choice regarding Allegro Stock, refer to the following important reports:

How To Invest In Allegro

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Is Allegro Stock a good investment?

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What is Allegro MicrosystemsInc's Net Worth?

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Largest Semiconductors & Semiconductor Equipment Companies

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Largest Information Technology Companies

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

To learn how to invest in Allegro Stock, please use our How to Invest in Allegro MicrosystemsInc guide.

Note that the Allegro MicrosystemsInc information on this page should be used as a complementary analysis to other Allegro MicrosystemsInc'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for Allegro Stock analysis

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

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Is Allegro MicrosystemsInc'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 Allegro MicrosystemsInc. If investors know Allegro 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 Allegro MicrosystemsInc 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

(0.48)

Earnings Share

1.14

Revenue Per Share

5.611

Quarterly Revenue Growth

0.025

Return On Assets

0.1118

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

Net Interest Income vs Gross Profit

Net Interest Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Net Interest Income

Gross Profit

Allegro MicrosystemsInc fundamental ratios Correlations

Allegro MicrosystemsInc Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Allegro MicrosystemsInc fundamental ratios Accounts

Allegro MicrosystemsInc Investors Sentiment

Pair Trading with Allegro MicrosystemsInc

Moving against Allegro Stock

Complementary Tools for Allegro Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Other Assets	+ 1.0	Non Currrent Assets Other
Good Will	+ 0.97	Other Assets

Current Deferred Revenue	- 0.99	Other Liab
Good Will	- 0.97	Net Debt
Cash And Short Term Investments	- 0.95	Net Debt
Other Assets	- 0.95	Net Debt
Non Currrent Assets Other	- 0.95	Net Debt
Cash	- 0.95	Net Debt