Ametek Current Ratio vs Gross Profit Analysis

AME Stock  USD 183.72  2.05  1.13%   
Ametek financial indicator trend analysis is way more than just evaluating Ametek Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ametek Inc is a good investment. Please check the relationship between Ametek Current Ratio and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ametek Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Current Ratio vs Gross Profit

Current Ratio vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ametek Inc Current Ratio account and Gross Profit. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ametek's Current Ratio and Gross Profit is -0.61. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Ametek Inc, assuming nothing else is changed. The correlation between historical values of Ametek's Current Ratio 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 Current Ratio of Ametek Inc 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 Current Ratio i.e., Ametek's Current Ratio and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Ametek Inc minus its cost of goods sold. It is profit before Ametek 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 Ametek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ametek Inc 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 Ametek Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
The current year's Selling General Administrative is expected to grow to about 704.4 M, whereas Tax Provision is forecasted to decline to about 236.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.9B2.1B6.6B6.9B
Total Revenue5.5B6.2B6.6B6.9B

Ametek fundamental ratios Correlations

0.94-0.550.930.990.990.910.990.251.0-0.840.250.96-0.830.910.960.76-0.770.980.850.970.740.990.890.680.53
0.94-0.540.870.890.910.950.920.340.93-0.770.340.94-0.90.950.870.73-0.830.980.760.950.710.930.90.510.63
-0.55-0.54-0.61-0.55-0.62-0.54-0.54-0.07-0.570.44-0.07-0.420.34-0.42-0.42-0.480.4-0.54-0.63-0.44-0.61-0.55-0.75-0.67-0.03
0.930.87-0.610.920.970.910.910.020.94-0.650.020.92-0.760.740.940.74-0.620.920.960.860.930.90.890.630.37
0.990.89-0.550.920.980.860.990.220.99-0.840.220.94-0.780.860.960.75-0.730.950.850.950.730.990.860.730.47
0.990.91-0.620.970.980.90.970.170.99-0.770.170.94-0.790.840.960.79-0.720.960.910.930.820.970.890.720.43
0.910.95-0.540.910.860.90.880.030.91-0.720.030.95-0.840.860.90.77-0.740.950.790.850.790.910.870.560.55
0.990.92-0.540.910.990.970.880.280.99-0.870.280.94-0.790.90.950.74-0.810.970.820.960.70.990.850.720.49
0.250.34-0.070.020.220.170.030.280.2-0.321.00.14-0.310.470.060.02-0.440.29-0.010.46-0.140.230.25-0.070.47
1.00.93-0.570.940.990.990.910.990.2-0.840.20.96-0.810.890.970.77-0.750.980.850.950.750.990.890.70.51
-0.84-0.770.44-0.65-0.84-0.77-0.72-0.87-0.32-0.84-0.32-0.80.65-0.84-0.76-0.580.82-0.81-0.51-0.8-0.35-0.89-0.69-0.68-0.49
0.250.34-0.070.020.220.170.030.281.00.2-0.320.14-0.310.470.060.02-0.440.29-0.010.46-0.140.240.25-0.070.47
0.960.94-0.420.920.940.940.950.940.140.96-0.80.14-0.870.910.970.75-0.740.970.790.930.730.960.850.550.62
-0.83-0.90.34-0.76-0.78-0.79-0.84-0.79-0.31-0.810.65-0.31-0.87-0.88-0.79-0.70.65-0.89-0.64-0.87-0.6-0.82-0.78-0.33-0.59
0.910.95-0.420.740.860.840.860.90.470.89-0.840.470.91-0.880.820.68-0.850.950.590.940.490.920.810.480.72
0.960.87-0.420.940.960.960.90.950.060.97-0.760.060.97-0.790.820.77-0.690.940.870.910.780.950.80.670.47
0.760.73-0.480.740.750.790.770.740.020.77-0.580.020.75-0.70.680.77-0.540.760.680.710.630.750.610.680.29
-0.77-0.830.4-0.62-0.73-0.72-0.74-0.81-0.44-0.750.82-0.44-0.740.65-0.85-0.69-0.54-0.8-0.5-0.8-0.4-0.79-0.64-0.55-0.45
0.980.98-0.540.920.950.960.950.970.290.98-0.810.290.97-0.890.950.940.76-0.80.810.970.730.980.910.590.61
0.850.76-0.630.960.850.910.790.82-0.010.85-0.51-0.010.79-0.640.590.870.68-0.50.810.770.950.790.830.640.2
0.970.95-0.440.860.950.930.850.960.460.95-0.80.460.93-0.870.940.910.71-0.80.970.770.650.950.840.540.61
0.740.71-0.610.930.730.820.790.7-0.140.75-0.35-0.140.73-0.60.490.780.63-0.40.730.950.650.680.80.480.18
0.990.93-0.550.90.990.970.910.990.230.99-0.890.240.96-0.820.920.950.75-0.790.980.790.950.680.870.690.55
0.890.9-0.750.890.860.890.870.850.250.89-0.690.250.85-0.780.810.80.61-0.640.910.830.840.80.870.50.5
0.680.51-0.670.630.730.720.560.72-0.070.7-0.68-0.070.55-0.330.480.670.68-0.550.590.640.540.480.690.5-0.05
0.530.63-0.030.370.470.430.550.490.470.51-0.490.470.62-0.590.720.470.29-0.450.610.20.610.180.550.5-0.05
Click cells to compare fundamentals

Ametek Account Relationship Matchups

Ametek fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.8B10.4B11.9B12.4B15.0B15.8B
Short Long Term Debt Total2.8B2.4B2.5B2.4B3.3B3.5B
Other Current Liab(156.8M)(194.6M)(298.7M)483.3M(375.5M)(356.7M)
Total Current Liabilities1.4B1.1B1.6B1.6B2.9B3.0B
Total Stockholder Equity5.1B5.9B6.9B7.5B8.7B9.2B
Property Plant And Equipment Net728.6M693.8M787.1M805.9M1.1B1.2B
Net Debt2.4B1.2B2.2B2.0B2.9B3.0B
Retained Earnings6.4B7.1B7.9B8.9B9.9B10.4B
Cash393.0M1.2B346.8M345.4M409.8M211.8M
Non Current Assets Total7.8B7.8B9.8B9.9B12.2B12.8B
Non Currrent Assets Other(815.9M)(826.1M)(1.1B)(1.1B)(836.7M)(794.9M)
Cash And Short Term Investments393.0M1.2B346.8M345.4M409.8M214.8M
Net Receivables744.8M597.5M829.2M919.3M1.0B1.1B
Common Stock Shares Outstanding229.4M231.2M232.8M231.5M231.5M199.5M
Liabilities And Stockholders Equity9.8B10.4B11.9B12.4B15.0B15.8B
Non Current Liabilities Total3.3B3.3B3.5B3.4B3.4B3.6B
Inventory624.6M559.2M769.2M1.0B1.1B1.2B
Other Current Assets263.4M153.0M183.6M219.1M269.5M282.9M
Other Stockholder Equity(741.6M)(643.5M)(560.5M)(808.7M)(727.9M)(691.5M)
Total Liab4.7B4.4B5.0B5.0B6.3B6.6B
Property Plant And Equipment Gross548.9M693.8M787.1M805.9M2.2B2.3B
Total Current Assets2.0B2.5B2.1B2.5B2.8B3.0B
Accumulated Other Comprehensive Income(533.1M)(504.5M)(470.4M)(574.9M)(484.9M)(460.7M)
Short Term Debt497.4M132.3M315.1M226.1M1.4B1.5B
Intangible Assets3.0B2.9B3.7B3.7B4.2B4.4B
Accounts Payable928.4M943.6M1.2B497.1M1.5B1.5B
Current Deferred Revenue156.8M194.6M298.7M357.7M375.5M394.3M
Common Stock Total Equity2.7M2.7M2.7M2.7M3.1M1.8M
Common Stock2.7M2.7M2.7M2.7M2.7M1.8M
Other Liab889.3M1.1B1.2B1.1B1.3B1.3B
Other Assets271.4M459.9M364.3M372.6M428.5M449.9M
Long Term Debt2.3B2.3B2.2B2.2B1.9B1.4B
Good Will4.0B4.2B5.2B5.4B6.4B6.8B
Treasury Stock(1.6B)(1.6B)(1.6B)(1.9B)(1.7B)(1.6B)
Property Plant Equipment548.9M526.5M787.1M805.9M926.8M973.2M
Net Tangible Assets5.1B(899.3M)(2.1B)(1.2B)(1.4B)(1.4B)
Retained Earnings Total Equity6.4B7.1B7.9B8.9B10.2B10.7B
Long Term Debt Total2.3B2.3B2.2B2.2B2.5B1.9B
Capital Surpluse832.8M921.8M1.0B1.1B1.3B670.5M

Ametek Investors Sentiment

The influence of Ametek'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 Ametek. 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 Ametek's public news can be used to forecast risks associated with an investment in Ametek. The trend in average sentiment can be used to explain how an investor holding Ametek can time the market purely based on public headlines and social activities around Ametek Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ametek'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 Ametek'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 Ametek's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ametek.
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 Ametek 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, Ametek's short interest history, or implied volatility extrapolated from Ametek options trading.

Pair Trading with Ametek

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

Moving together with Ametek Stock

  0.92B Barnes Group Financial Report 25th of April 2024 PairCorr
  0.82CR Crane Company Symbol ChangePairCorr
  0.98GE General Electric Fiscal Quarter End 31st of March 2024 PairCorr
  0.7HI Hillenbrand Financial Report 13th of May 2024 PairCorr

Moving against Ametek Stock

  0.95NMHI Natures Miracle HoldingPairCorr
  0.74RR Richtech Robotics ClassPairCorr
The ability to find closely correlated positions to Ametek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ametek 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 Ametek - 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 Ametek Inc to buy it.
The correlation of Ametek 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 Ametek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ametek Inc 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 Ametek 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 CorrelationCorrelation Matching
When determining whether Ametek Inc is a strong investment it is important to analyze Ametek'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 Ametek's future performance. For an informed investment choice regarding Ametek Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ametek Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Ametek's price analysis, check to measure Ametek'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 Ametek is operating at the current time. Most of Ametek's value examination focuses on studying past and present price action to predict the probability of Ametek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ametek's price. Additionally, you may evaluate how the addition of Ametek to your portfolios can decrease your overall portfolio volatility.
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Is Ametek'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 Ametek. If investors know Ametek 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 Ametek 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
0.113
Dividend Share
1
Earnings Share
5.68
Revenue Per Share
28.618
Quarterly Revenue Growth
0.065
The market value of Ametek Inc is measured differently than its book value, which is the value of Ametek that is recorded on the company's balance sheet. Investors also form their own opinion of Ametek's value that differs from its market value or its book value, called intrinsic value, which is Ametek'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 Ametek's market value can be influenced by many factors that don't directly affect Ametek'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 Ametek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ametek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ametek'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.