Anterix Interest Expense vs Other Operating Expenses Analysis
ATEX Stock | USD 32.21 0.32 1.00% |
Anterix financial indicator trend analysis is way more than just evaluating Anterix prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anterix is a good investment. Please check the relationship between Anterix Interest Expense and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anterix. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Anterix Stock please use our How to Invest in Anterix guide.
Interest Expense vs Other Operating Expenses
Interest Expense vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anterix Interest Expense account and Other Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Anterix's Interest Expense and Other Operating Expenses is 0.54. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Anterix, assuming nothing else is changed. The correlation between historical values of Anterix's Interest Expense and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Anterix are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Interest Expense i.e., Anterix's Interest Expense and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Anterix. It is also known as Anterix overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from Anterix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anterix 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 Anterix. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Anterix Stock please use our How to Invest in Anterix guide.At this time, Anterix's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 1.3 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (6.01) in 2024.
2021 | 2023 | 2024 (projected) | Total Operating Expenses | 49.0M | 65.3M | 32.9M | Cost Of Revenue | 5K | 4.5K | 4.3K |
Anterix fundamental ratios Correlations
Click cells to compare fundamentals
Anterix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anterix fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 267.4M | 253.1M | 278.0M | 278.6M | 320.3M | 224.3M | |
Other Current Liab | 5.8M | 5.9M | 120K | 26.7M | 30.6M | 32.2M | |
Total Current Liabilities | 8.8M | 8.6M | 9.6M | 31.9M | 36.7M | 38.5M | |
Total Stockholder Equity | 245.1M | 212.5M | 186.3M | 179.8M | 206.8M | 190.4M | |
Property Plant And Equipment Net | 13.5M | 8.7M | 7.0M | 7.0M | 8.0M | 9.5M | |
Net Debt | (128.7M) | (110.5M) | (99.9M) | (38.5M) | (34.7M) | (36.4M) | |
Retained Earnings | (205.9M) | (260.3M) | (313.8M) | (338.4M) | (304.5M) | (289.3M) | |
Accounts Payable | 645K | 500K | 6.5M | 755K | 868.3K | 824.8K | |
Cash | 137.5M | 117.5M | 105.6M | 43.2M | 49.7M | 97.6M | |
Non Current Assets Total | 125.2M | 132.0M | 162.3M | 219.1M | 252.0M | 264.6M | |
Non Currrent Assets Other | (2.9M) | 1.2M | 4.1M | 10.1M | 11.6M | 12.2M | |
Cash And Short Term Investments | 137.5M | 117.5M | 105.6M | 43.2M | 49.7M | 97.6M | |
Net Receivables | 61K | 4K | 238K | 418K | 376.2K | 314.0K | |
Common Stock Shares Outstanding | 16.4M | 17.4M | 18.1M | 18.8M | 21.7M | 15.7M | |
Liabilities And Stockholders Equity | 267.4M | 253.1M | 278.0M | 278.6M | 320.3M | 224.3M | |
Non Current Liabilities Total | 13.5M | 31.9M | 82.1M | 66.9M | 76.9M | 80.7M | |
Other Current Assets | 4.6M | 3.5M | 10.1M | 16.3M | 18.7M | 19.7M | |
Other Stockholder Equity | 451.0M | 472.9M | 500.1M | 518.2M | 595.9M | 356.2M | |
Total Liab | 22.3M | 40.5M | 91.7M | 98.8M | 113.6M | 119.3M | |
Property Plant And Equipment Gross | 13.5M | 8.7M | 7.0M | 18.6M | 21.4M | 22.5M | |
Total Current Assets | 142.2M | 121.1M | 115.8M | 59.5M | 68.4M | 102.0M | |
Intangible Assets | 111.5M | 122.1M | 151.2M | 202.0M | 232.4M | 244.0M | |
Net Tangible Assets | 133.5M | 90.4M | 35.1M | (22.3M) | (20.0M) | (19.0M) | |
Current Deferred Revenue | 733K | 737K | 1.5M | 2.8M | 3.2M | 3.3M | |
Other Assets | 845K | 180K | 1.2M | 4.1M | 4.7M | 5.0M | |
Retained Earnings Total Equity | (205.9M) | (260.3M) | (313.8M) | (338.4M) | (304.5M) | (319.8M) | |
Capital Surpluse | 451.0M | 472.9M | 500.1M | 518.2M | 595.9M | 432.6M | |
Deferred Long Term Liab | 3.1M | 3.2M | 4.2M | 5.4M | 6.3M | 4.2M | |
Property Plant Equipment | 7M | 3.6M | 7.0M | 3.6M | 3.2M | 3.1M | |
Other Liab | 7.2M | 6.5M | 26.3M | 77.9M | 89.6M | 94.1M | |
Inventory | 0.0 | 1.0 | (238K) | (418K) | (376.2K) | (357.4K) | |
Non Current Liabilities Other | 10.4M | 28.7M | 77.9M | 61.4M | 70.6M | 74.2M | |
Net Invested Capital | 245.1M | 212.5M | 186.3M | 179.8M | 161.8M | 160.9M | |
Net Working Capital | 133.3M | 112.4M | 106.1M | 27.6M | 24.8M | 23.6M |
Pair Trading with Anterix
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 Anterix 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 Anterix will appreciate offsetting losses from the drop in the long position's value.Moving together with Anterix Stock
0.66 | AMX | America Movil SAB | PairCorr |
Moving against Anterix Stock
0.45 | VZ | Verizon Communications Financial Report 23rd of July 2024 | PairCorr |
The ability to find closely correlated positions to Anterix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anterix 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 Anterix - 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 Anterix to buy it.
The correlation of Anterix 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 Anterix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anterix 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 Anterix 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 Anterix. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Anterix Stock please use our How to Invest in Anterix guide.Note that the Anterix information on this page should be used as a complementary analysis to other Anterix's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Anterix Stock analysis
When running Anterix's price analysis, check to measure Anterix'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 Anterix is operating at the current time. Most of Anterix's value examination focuses on studying past and present price action to predict the probability of Anterix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anterix's price. Additionally, you may evaluate how the addition of Anterix to your portfolios can decrease your overall portfolio volatility.
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |
Is Anterix'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 Anterix. If investors know Anterix 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 Anterix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.83 | Revenue Per Share 0.188 | Quarterly Revenue Growth 1.199 | Return On Assets (0.12) | Return On Equity 0.0955 |
The market value of Anterix is measured differently than its book value, which is the value of Anterix that is recorded on the company's balance sheet. Investors also form their own opinion of Anterix's value that differs from its market value or its book value, called intrinsic value, which is Anterix'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 Anterix's market value can be influenced by many factors that don't directly affect Anterix'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 Anterix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anterix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anterix'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.