Alliance Dividend Yield vs Interest Expense Analysis

ARLP Stock  USD 20.19  0.22  1.10%   
Alliance Resource financial indicator trend analysis is way more than just evaluating Alliance Resource prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alliance Resource is a good investment. Please check the relationship between Alliance Resource Dividend Yield and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alliance Resource Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Dividend Yield vs Interest Expense

Dividend Yield vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliance Resource Dividend Yield account and Interest Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Alliance Resource's Dividend Yield and Interest Expense is 0.51. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Alliance Resource Partners, assuming nothing else is changed. The correlation between historical values of Alliance Resource's Dividend Yield and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Alliance Resource Partners are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Dividend Yield i.e., Alliance Resource's Dividend Yield and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Dividend Yield

Dividend Yield is Alliance Resource Partners dividend as a percentage of Alliance Resource stock price. Alliance Resource dividend yield is a measure of Alliance Resource stock productivity, which can be interpreted as interest rate earned on an Alliance Resource investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Alliance Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliance Resource 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 Alliance Resource Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
As of 03/28/2024, Selling General Administrative is likely to drop to about 54.8 M. In addition to that, Tax Provision is likely to drop to about 7.7 M
 2021 2022 2023 2024 (projected)
Interest Expense39.2M37.3M42.8M29.6M
Depreciation And Amortization261.4M273.8M268.0M188.2M

Alliance Resource fundamental ratios Correlations

0.630.60.450.650.85-0.390.120.340.64-0.120.760.390.330.640.56-0.18-0.280.270.030.420.50.160.190.69-0.29
0.630.680.180.930.55-0.640.33-0.150.60.170.940.510.460.710.48-0.01-0.10.06-0.380.140.22-0.180.090.23-0.49
0.60.680.430.620.64-0.720.02-0.010.260.030.740.870.880.60.520.01-0.070.27-0.280.40.580.040.310.43-0.78
0.450.180.430.130.640.01-0.750.520.31-0.630.40.080.250.460.520.10.030.90.640.840.890.870.530.670.06
0.650.930.620.130.5-0.680.43-0.270.430.280.830.560.480.620.31-0.39-0.46-0.03-0.40.190.18-0.26-0.210.14-0.56
0.850.550.640.640.5-0.28-0.180.550.7-0.370.780.330.330.860.620.01-0.090.420.260.50.570.390.470.9-0.17
-0.39-0.64-0.720.01-0.68-0.28-0.410.41-0.05-0.45-0.55-0.74-0.83-0.29-0.320.240.290.070.740.08-0.090.420.110.040.88
0.120.330.02-0.750.43-0.18-0.41-0.40.020.70.120.310.10.02-0.33-0.34-0.34-0.84-0.73-0.61-0.6-0.84-0.62-0.39-0.41
0.34-0.15-0.010.52-0.270.550.41-0.40.51-0.780.13-0.26-0.280.40.230.340.30.380.720.340.340.580.510.770.46
0.640.60.260.310.430.7-0.050.020.51-0.350.74-0.08-0.150.740.540.320.240.250.180.10.210.170.410.650.19
-0.120.170.03-0.630.28-0.37-0.450.7-0.78-0.35-0.050.280.26-0.2-0.2-0.34-0.33-0.61-0.76-0.53-0.37-0.61-0.54-0.57-0.46
0.760.940.740.40.830.78-0.550.120.130.74-0.050.460.430.850.650.10.00.25-0.160.280.410.050.330.54-0.38
0.390.510.870.080.560.33-0.740.31-0.26-0.080.280.460.910.340.1-0.23-0.27-0.12-0.490.230.28-0.28-0.070.1-0.93
0.330.460.880.250.480.33-0.830.1-0.28-0.150.260.430.910.280.28-0.15-0.190.13-0.470.270.39-0.110.090.09-0.94
0.640.710.60.460.620.86-0.290.020.40.74-0.20.850.340.280.430.09-0.010.190.150.290.380.250.320.71-0.17
0.560.480.520.520.310.62-0.32-0.330.230.54-0.20.650.10.280.430.350.280.62-0.010.330.570.320.720.57-0.12
-0.18-0.010.010.1-0.390.010.24-0.340.340.32-0.340.1-0.23-0.150.090.350.990.210.14-0.160.040.240.790.180.29
-0.28-0.1-0.070.03-0.46-0.090.29-0.340.30.24-0.330.0-0.27-0.19-0.010.280.990.170.14-0.19-0.020.20.750.090.32
0.270.060.270.9-0.030.420.07-0.840.380.25-0.610.25-0.120.130.190.620.210.170.550.690.810.790.60.490.17
0.03-0.38-0.280.64-0.40.260.74-0.730.720.18-0.76-0.16-0.49-0.470.15-0.010.140.140.550.570.450.850.320.510.7
0.420.140.40.840.190.50.08-0.610.340.1-0.530.280.230.270.290.33-0.16-0.190.690.570.790.690.280.5-0.06
0.50.220.580.890.180.57-0.09-0.60.340.21-0.370.410.280.390.380.570.04-0.020.810.450.790.750.450.61-0.12
0.16-0.180.040.87-0.260.390.42-0.840.580.17-0.610.05-0.28-0.110.250.320.240.20.790.850.690.750.530.570.43
0.190.090.310.53-0.210.470.11-0.620.510.41-0.540.33-0.070.090.320.720.790.750.60.320.280.450.530.590.16
0.690.230.430.670.140.90.04-0.390.770.65-0.570.540.10.090.710.570.180.090.490.510.50.610.570.590.11
-0.29-0.49-0.780.06-0.56-0.170.88-0.410.460.19-0.46-0.38-0.93-0.94-0.17-0.120.290.320.170.7-0.06-0.120.430.160.11
Click cells to compare fundamentals

Alliance Resource Account Relationship Matchups

Alliance Resource fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.2B2.2B1.0B2.8B1.5B
Short Long Term Debt Total809.5M609.8M450.7M434.3M350.8M512.4M
Total Current Liabilities195.6M214.6M177.6M255.6M227.5M199.6M
Total Stockholder Equity1.3B1.1B1.2B1.6B1.8B1.9B
Net Debt773.0M554.2M328.3M138.3M291.0M425.0M
Non Current Assets Total2.3B1.9B1.8B1.9B2.3B1.3B
Non Currrent Assets Other23.5M16.6M76.6M(35.8M)89.9M94.4M
Other Assets75.5M73.4M76.6M(1.5B)(1.4B)(1.3B)
Common Stock Shares Outstanding130.8M128.1M127.2M127.2M127.2M99.2M
Liabilities And Stockholders Equity2.6B2.2B934.6M2.7B2.8B1.5B
Non Current Liabilities Total1.1B879.1M755.8M764.4M702.4M630.4M
Other Stockholder Equity(1.4B)(1.2B)65.2M(1.7B)(1.5B)(1.5B)
Total Liab1.3B1.1B933.3M1.0B929.8M877.5M
Short Term Debt24.8M75.8M18.7M25.0M20.3M19.3M
Other Current Liab21.1M21.9M71.5M135.5M98.9M97.6M
Property Plant And Equipment Net2.0B1.8B1.7B1.8B1.2B1.1B
Accounts Payable80.6M47.5M69.6M95.1M108.3M70.2M
Cash36.5M55.6M122.4M296.0M59.8M90.9M
Cash And Short Term Investments36.5M55.6M122.4M296.0M59.8M100.2M
Net Receivables161.9M108.1M130.2M247.2M292.3M306.9M
Short Term Investments626.0M624.0M653.6M744.7M856.4M899.3M
Inventory101.3M56.4M60.3M77.3M127.6M133.9M
Other Current Assets18.0M21.6M26.3M26.7M36.5M38.3M
Property Plant And Equipment Gross2.0B1.8B3.6B3.9B4.2B4.4B
Total Current Assets319.6M245.8M339.2M654.8M516.1M309.4M
Accumulated Other Comprehensive Income1.3B1.1B(64.2M)1.7B(61.5M)(58.4M)
Other Liab341.0M345.2M323.8M355.1M408.4M224.4M
Current Deferred Revenue(138.7M)69.2M69.4M71.9M64.7M67.9M
Long Term Debt768.2M519.4M418.9M397.2M316.8M468.0M
Common Stock1.3B1.1B1.3B1.7B1.9B2.0B
Property Plant Equipment2.0B1.8B1.7B1.8B2.1B1.2B
Intangible Assets16.1M9.3M136.4M4.4M5.0M4.8M
Net Tangible Assets1.1B1.1B1.2B1.6B1.9B1.1B
Long Term Debt Total768.2M519.4M418.9M397.2M357.5M488.3M
Capital Lease Obligations28.2M17.2M15.6M12.1M13.7M13.0M
Non Current Liabilities Other357.5M359.7M22.3M124.9M18.4M17.5M
Long Term Investments28.5M27.3M26.3M91.4M139.0M87.0M

Pair Trading with Alliance Resource

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

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The ability to find closely correlated positions to Alliance Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alliance Resource 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 Alliance Resource - 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 Alliance Resource Partners to buy it.
The correlation of Alliance Resource 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 Alliance Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alliance Resource 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 Alliance Resource 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 Alliance Resource is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Alliance Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Alliance Resource Partners Stock. Highlighted below are key reports to facilitate an investment decision about Alliance Resource Partners Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alliance Resource Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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Is Alliance Resource'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 Alliance Resource. If investors know Alliance 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 Alliance Resource 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
(0.45)
Dividend Share
2.8
Earnings Share
4.81
Revenue Per Share
20.182
Quarterly Revenue Growth
(0.11)
The market value of Alliance Resource is measured differently than its book value, which is the value of Alliance that is recorded on the company's balance sheet. Investors also form their own opinion of Alliance Resource's value that differs from its market value or its book value, called intrinsic value, which is Alliance Resource'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 Alliance Resource's market value can be influenced by many factors that don't directly affect Alliance Resource'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 Alliance Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliance Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliance Resource'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.