Alkami Free Cash Flow vs Depreciation Analysis
| ALKT Stock | USD 27.25 0.61 2.29% |
Alkami Technology financial indicator trend analysis is way more than just evaluating Alkami Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alkami Technology is a good investment. Please check the relationship between Alkami Technology Free Cash Flow and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alkami 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 industry. For more information on how to buy Alkami Stock please use our How to Invest in Alkami Technology guide.
Free Cash Flow vs Depreciation
Free Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alkami Technology Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Alkami Technology's Free Cash Flow and Depreciation is 0.73. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Alkami Technology, assuming nothing else is changed. The correlation between historical values of Alkami Technology's Free Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Alkami Technology are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Alkami Technology's Free Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.73 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Depreciation
Depreciation indicates how much of Alkami Technology value has been used up. For tax purposes Alkami Technology can deduct the cost of the tangible assets it purchases as business expenses. However, Alkami Technology must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most indicators from Alkami Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alkami Technology 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 Alkami 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 industry. For more information on how to buy Alkami Stock please use our How to Invest in Alkami Technology guide.Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, despite the fact that Tax Provision is likely to grow to (207.1 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 3.9M | 10.8M | 10.6M | 6.7M | Interest Income | 487K | 2.7M | 7.1M | 7.5M |
Alkami Technology fundamental ratios Correlations
Click cells to compare fundamentals
Alkami Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Alkami Technology
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 Alkami Technology 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 Alkami Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Alkami Stock
| 0.56 | BL | Blackline | PairCorr |
| 0.45 | VERB | VERB TECHNOLOGY PANY | PairCorr |
The ability to find closely correlated positions to Alkami Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alkami Technology 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 Alkami Technology - 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 Alkami Technology to buy it.
The correlation of Alkami Technology 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 Alkami Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkami Technology 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 Alkami Technology 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 Alkami 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 industry. For more information on how to buy Alkami Stock please use our How to Invest in Alkami Technology guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Alkami Stock analysis
When running Alkami Technology's price analysis, check to measure Alkami Technology'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 Alkami Technology is operating at the current time. Most of Alkami Technology's value examination focuses on studying past and present price action to predict the probability of Alkami Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkami Technology's price. Additionally, you may evaluate how the addition of Alkami Technology to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |
Is Alkami Technology'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 Alkami Technology. If investors know Alkami 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 Alkami Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.61) | Revenue Per Share 2.951 | Quarterly Revenue Growth 0.269 | Return On Assets (0.08) | Return On Equity (0.18) |
The market value of Alkami Technology is measured differently than its book value, which is the value of Alkami that is recorded on the company's balance sheet. Investors also form their own opinion of Alkami Technology's value that differs from its market value or its book value, called intrinsic value, which is Alkami Technology'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 Alkami Technology's market value can be influenced by many factors that don't directly affect Alkami Technology'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 Alkami Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alkami Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alkami Technology'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.