Alpha Other Non Cash Items vs End Period Cash Flow Analysis
APT Stock | USD 4.87 0.02 0.41% |
Alpha Pro financial indicator trend analysis is way more than just evaluating Alpha Pro Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alpha Pro Tech is a good investment. Please check the relationship between Alpha Pro Other Non Cash Items and its End Period Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha Pro Tech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Other Non Cash Items vs End Period Cash Flow
Other Non Cash Items vs End Period Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alpha Pro Tech Other Non Cash Items account and End Period Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Alpha Pro's Other Non Cash Items and End Period Cash Flow is -0.12. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of End Period Cash Flow in the same time period over historical financial statements of Alpha Pro Tech, assuming nothing else is changed. The correlation between historical values of Alpha Pro's Other Non Cash Items and End Period Cash Flow 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 Non Cash Items of Alpha Pro Tech are associated (or correlated) with its End Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when End Period Cash Flow has no effect on the direction of Other Non Cash Items i.e., Alpha Pro's Other Non Cash Items and End Period Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Non Cash Items
End Period Cash Flow
Most indicators from Alpha Pro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alpha Pro Tech 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 Pro Tech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Alpha Pro's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.31 in 2024, whereas Selling General Administrative is likely to drop slightly above 12.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 25.3M | 21.7M | 21.9M | 17.9M | Total Revenue | 68.6M | 62.0M | 61.2M | 44.1M |
Alpha Pro fundamental ratios Correlations
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Alpha Pro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alpha Pro fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 38.1M | 68.8M | 67.9M | 64.8M | 68.8M | 35.3M | |
Other Current Liab | 920K | 2.8M | 1.3M | 69K | 1.1M | 1.2M | |
Total Current Liabilities | 2.3M | 5.9M | 2.7M | 2.4M | 2.6M | 2.8M | |
Total Stockholder Equity | 33.2M | 60.0M | 62.6M | 60.8M | 61.6M | 31.3M | |
Property Plant And Equipment Net | 6.2M | 7.9M | 8.7M | 7.5M | 10.4M | 10.9M | |
Net Debt | (3.3M) | (19.7M) | (13.6M) | (14.5M) | (15.5M) | (14.8M) | |
Retained Earnings | 32.4M | 59.5M | 62.5M | 62.1M | 46.6M | 48.9M | |
Accounts Payable | 501K | 2.0M | 528K | 674K | 802K | 820.1K | |
Cash | 6.5M | 23.3M | 16.3M | 16.3M | 20.4M | 21.4M | |
Non Current Assets Total | 11.1M | 13.5M | 14.9M | 12.2M | 15.7M | 16.5M | |
Non Currrent Assets Other | (224K) | (211K) | (791K) | (764K) | (442K) | (464.1K) | |
Cash And Short Term Investments | 6.9M | 23.3M | 16.3M | 16.3M | 20.4M | 21.4M | |
Net Receivables | 4.3M | 9.0M | 4.8M | 7.0M | 6.5M | 5.1M | |
Common Stock Total Equity | 143K | 135K | 129K | 123K | 110.7K | 161.8K | |
Common Stock Shares Outstanding | 13.2M | 14.0M | 13.5M | 12.8M | 11.9M | 16.3M | |
Short Term Investments | 343K | 258K | 335K | 5.5M | 6.4M | 6.7M | |
Liabilities And Stockholders Equity | 38.1M | 68.8M | 67.9M | 64.8M | 68.8M | 35.3M | |
Non Current Liabilities Total | 2.6M | 2.9M | 2.6M | 1.6M | 4.6M | 4.9M | |
Inventory | 11.3M | 16.7M | 25.0M | 24.4M | 20.1M | 12.6M | |
Other Current Assets | 898K | 6.2M | 6.9M | 6.5M | 6.0M | 6.3M | |
Other Stockholder Equity | 657K | 409.0K | 132K | (1.5M) | 16.3M | 15.5M | |
Total Liab | 4.9M | 8.8M | 5.3M | 4.0M | 7.2M | 4.0M | |
Property Plant And Equipment Gross | 6.2M | 7.9M | 8.7M | 7.5M | 24.0M | 25.2M | |
Total Current Assets | 26.9M | 55.3M | 53.0M | 52.6M | 53.1M | 28.2M | |
Intangible Assets | 11K | 7K | 3K | 1K | 900.0 | 855.0 | |
Property Plant Equipment | 3.9M | 4.4M | 8.7M | 5.7M | 6.6M | 4.1M | |
Net Tangible Assets | 33.2M | 60.0M | 62.6M | 60.7M | 69.8M | 45.0M | |
Retained Earnings Total Equity | 29.4M | 32.4M | 59.5M | 62.1M | 71.4M | 75.0M | |
Long Term Investments | 4.8M | 5.5M | 6.1M | 4.7M | 5.2M | 4.4M | |
Other Liab | 224K | 211K | 791K | 764K | 687.6K | 605.7K | |
Net Invested Capital | 33.2M | 60.0M | 62.6M | 60.8M | 61.6M | 53.7M |
Pair Trading with Alpha Pro
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 Pro 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 Pro will appreciate offsetting losses from the drop in the long position's value.Moving together with Alpha Stock
0.63 | NX | Quanex Building Products Financial Report 6th of June 2024 | PairCorr |
Moving against Alpha Stock
0.49 | ASPN | Aspen Aerogels | PairCorr |
The ability to find closely correlated positions to Alpha Pro 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 Pro 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 Pro - 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 Pro Tech to buy it.
The correlation of Alpha Pro 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 Pro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha Pro Tech 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 Pro 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 Alpha Pro Tech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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Is Alpha Pro'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 Pro. 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 Pro 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 0.961 | Earnings Share 0.35 | Revenue Per Share 5.164 | Quarterly Revenue Growth 0.249 | Return On Assets 0.0387 |
The market value of Alpha Pro Tech 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 Pro's value that differs from its market value or its book value, called intrinsic value, which is Alpha Pro'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 Pro's market value can be influenced by many factors that don't directly affect Alpha Pro'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 Pro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Pro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Pro'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.