Alpha Cash and Equivalents vs Cost of Revenue Analysis

AMR Stock  USD 323.02  8.45  2.69%   
Alpha Metallurgical financial indicator trend analysis is way more than just evaluating Alpha Metallurgical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alpha Metallurgical is a good investment. Please check the relationship between Alpha Metallurgical Cash And Equivalents and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha Metallurgical Resources. 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.

Cash And Equivalents vs Cost Of Revenue

Cash and Equivalents vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alpha Metallurgical Cash and Equivalents account and Cost of Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Alpha Metallurgical's Cash and Equivalents and Cost of Revenue is 0.84. Overlapping area represents the amount of variation of Cash and Equivalents that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Alpha Metallurgical Resources, assuming nothing else is changed. The correlation between historical values of Alpha Metallurgical's Cash and Equivalents and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash and Equivalents of Alpha Metallurgical Resources are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Cash and Equivalents i.e., Alpha Metallurgical's Cash and Equivalents and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Cash And Equivalents

Cost Of Revenue

Cost of Revenue is found on Alpha Metallurgical income statement and represents the costs associated with goods and services Alpha Metallurgical provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Alpha Metallurgical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alpha Metallurgical 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 Alpha Metallurgical Resources. 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.
At this time, Alpha Metallurgical's Tax Provision is relatively stable compared to the past year. As of 03/28/2024, Discontinued Operations is likely to grow to about 1.8 M, while Selling General Administrative is likely to drop slightly above 62.5 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue1.8B2.4B2.5B1.9B
EBITDA502.4M1.7B1.0B557.3M

Alpha Metallurgical fundamental ratios Correlations

-0.31-0.37-0.2-0.620.130.37-0.28-0.1-0.52-0.56-0.60.1-0.42-0.28-0.36-0.58-0.48-0.36-0.44-0.48-0.680.56-0.510.19-0.59
-0.310.05-0.010.540.610.430.46-0.190.460.430.50.750.50.270.020.50.530.030.40.670.22-0.10.460.650.59
-0.370.05-0.330.49-0.7-0.520.710.9-0.080.440.39-0.20.840.851.00.350.211.00.870.120.76-0.350.84-0.590.32
-0.2-0.01-0.330.350.15-0.31-0.58-0.570.510.240.48-0.35-0.13-0.19-0.330.530.24-0.33-0.310.430.14-0.44-0.18-0.050.42
-0.620.540.490.35-0.14-0.520.490.070.740.910.95-0.130.740.620.480.950.820.480.650.830.71-0.80.77-0.170.96
0.130.61-0.70.15-0.140.78-0.19-0.70.16-0.16-0.070.73-0.29-0.43-0.71-0.040.08-0.71-0.460.25-0.50.38-0.420.920.04
0.370.43-0.52-0.31-0.520.78-0.09-0.31-0.34-0.59-0.520.89-0.29-0.4-0.53-0.5-0.37-0.53-0.32-0.22-0.540.79-0.380.85-0.44
-0.280.460.71-0.580.49-0.19-0.090.63-0.010.430.290.240.790.750.710.260.460.710.750.280.42-0.120.74-0.020.4
-0.1-0.190.9-0.570.07-0.7-0.310.63-0.50.03-0.06-0.140.620.670.9-0.1-0.130.90.67-0.280.490.050.58-0.53-0.11
-0.520.46-0.080.510.740.16-0.34-0.01-0.50.80.8-0.110.150.02-0.090.80.76-0.090.210.820.35-0.830.340.050.83
-0.560.430.440.240.91-0.16-0.590.430.030.80.93-0.230.590.540.430.910.850.430.560.810.55-0.890.68-0.240.93
-0.60.50.390.480.95-0.07-0.520.29-0.060.80.93-0.160.620.550.381.00.750.380.530.860.66-0.850.65-0.190.94
0.10.75-0.2-0.35-0.130.730.890.24-0.14-0.11-0.23-0.160.12-0.05-0.22-0.16-0.1-0.220.090.07-0.20.540.040.81-0.09
-0.420.50.84-0.130.74-0.29-0.290.790.620.150.590.620.120.920.830.610.440.830.880.430.71-0.350.9-0.220.6
-0.280.270.85-0.190.62-0.43-0.40.750.670.020.540.55-0.050.920.850.530.290.850.780.290.6-0.320.8-0.410.46
-0.360.021.0-0.330.48-0.71-0.530.710.9-0.090.430.38-0.220.830.850.330.211.00.860.110.74-0.340.83-0.60.31
-0.580.50.350.530.95-0.04-0.50.26-0.10.80.911.0-0.160.610.530.330.750.330.480.860.63-0.830.62-0.170.95
-0.480.530.210.240.820.08-0.370.46-0.130.760.850.75-0.10.440.290.210.750.210.390.870.35-0.710.510.120.91
-0.360.031.0-0.330.48-0.71-0.530.710.9-0.090.430.38-0.220.830.851.00.330.210.860.110.75-0.350.83-0.60.31
-0.440.40.87-0.310.65-0.46-0.320.750.670.210.560.530.090.880.780.860.480.390.860.360.77-0.430.99-0.310.5
-0.480.670.120.430.830.25-0.220.28-0.280.820.810.860.070.430.290.110.860.870.110.360.42-0.680.490.230.93
-0.680.220.760.140.71-0.5-0.540.420.490.350.550.66-0.20.710.60.740.630.350.750.770.42-0.60.81-0.470.57
0.56-0.1-0.35-0.44-0.80.380.79-0.120.05-0.83-0.89-0.850.54-0.35-0.32-0.34-0.83-0.71-0.35-0.43-0.68-0.6-0.540.48-0.8
-0.510.460.84-0.180.77-0.42-0.380.740.580.340.680.650.040.90.80.830.620.510.830.990.490.81-0.54-0.30.64
0.190.65-0.59-0.05-0.170.920.85-0.02-0.530.05-0.24-0.190.81-0.22-0.41-0.6-0.170.12-0.6-0.310.23-0.470.48-0.3-0.01
-0.590.590.320.420.960.04-0.440.4-0.110.830.930.94-0.090.60.460.310.950.910.310.50.930.57-0.80.64-0.01
Click cells to compare fundamentals

Alpha Metallurgical Account Relationship Matchups

Alpha Metallurgical fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding18.8M18.3M18.9M18.2M14.6M14.6M
Total Assets2.3B1.7B1.9B2.3B2.4B2.1B
Short Long Term Debt Total593.0M582.5M448.6M11.0M14.4M13.7M
Other Current Liab33.6M158.6M28.2M282.1M174.6M132.1M
Total Current Liabilities315.2M259.1M295.9M402.6M309.9M308.9M
Total Stockholder Equity696.1M200.1M546.9M1.4B1.6B838.7M
Property Plant And Equipment Net1.1B826.9M806.5M893.7M1.0B967.1M
Current Deferred Revenue154.3M13.2M174.6M11.4M2.3M2.2M
Net Debt380.2M443.3M367.3M(290.9M)(253.8M)(241.1M)
Retained Earnings86.8M(360.5M)(71.7M)1.3B2.0B2.1B
Accounts Payable98.7M58.4M90.1M106.0M128.8M98.3M
Cash212.8M139.2M81.2M301.9M268.2M184.2M
Non Current Assets Total1.6B1.2B1.1B1.2B1.4B1.3B
Non Currrent Assets Other308.3M254.9M229.0M214.8M59.7M56.7M
Other Assets482.0M230.8M229.0M249.2M1.00.95
Long Term Debt564.5M553.7M444.8M7.9M6.8M6.5M
Cash And Short Term Investments212.8M139.2M81.2M348.0M268.2M189.8M
Net Receivables244.7M145.7M489.2M407.2M509.7M307.7M
Long Term Debt Total564.5M553.7M445.6M7.9M9.1M8.6M
Liabilities And Stockholders Equity2.3B1.7B1.9B2.3B2.4B2.1B
Non Current Liabilities Total1.3B1.2B1.0B480.1M522.2M906.3M
Inventory162.7M108.1M129.4M200.6M231.3M142.4M
Other Current Assets91.4M117.2M48.2M49.4M39.1M66.4M
Other Stockholder Equity667.7M672.4M676.9M166.4M(355.2M)(337.5M)
Total Liab1.6B1.5B1.3B882.7M832.1M1.2B
Property Plant And Equipment Gross1.1B832.5M1.3B1.5B1.7B1.2B
Total Current Assets711.5M510.1M748.0M1.1B1.0B737.2M
Accumulated Other Comprehensive Income(58.6M)(112.0M)(58.5M)(12.2M)(40.6M)(42.6M)
Short Term Debt28.5M28.8M3.0M3.1M4.2M3.9M
Intangible Assets125.1M88.2M74.2M55.1M46.6M80.8M
Property Plant Equipment966.7M832.5M444.3M893.7M804.3M621.1M
Other Liab721.2M662.2M569.3M468.3M538.6M578.4M
Net Tangible Assets571.9M111.9M472.7M1.4B1.6B1.7B
Common Stock Total Equity205K206K208K217K249.6K196.3K
Capital Surpluse775.7M779.4M784.7M815.4M937.8M629.1M
Short Long Term Debt28.5M28.8M3.0M3.1M3.6M3.4M
Cash And Equivalents212.8M139.2M81.2M301.9M347.2M194.6M
Common Stock205K206K208K217K221K202.1K

Pair Trading with Alpha Metallurgical

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

Moving against Alpha Stock

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The ability to find closely correlated positions to Alpha Metallurgical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha Metallurgical 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 Alpha Metallurgical - 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 Alpha Metallurgical Resources to buy it.
The correlation of Alpha Metallurgical 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 Alpha Metallurgical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha Metallurgical 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 Alpha Metallurgical 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 Alpha Metallurgical is a strong investment it is important to analyze Alpha Metallurgical'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 Alpha Metallurgical's future performance. For an informed investment choice regarding Alpha Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha Metallurgical Resources. 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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Is Alpha Metallurgical'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 Alpha Metallurgical. If investors know Alpha 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 Alpha Metallurgical 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
(0.04)
Dividend Share
1.94
Earnings Share
49.29
Revenue Per Share
246.087
Quarterly Revenue Growth
0.166
The market value of Alpha Metallurgical is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Metallurgical's value that differs from its market value or its book value, called intrinsic value, which is Alpha Metallurgical'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 Alpha Metallurgical's market value can be influenced by many factors that don't directly affect Alpha Metallurgical'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 Alpha Metallurgical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Metallurgical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Metallurgical'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.