Allegheny Net Receivables vs Short Long Term Debt Total Analysis
ATI Stock | USD 60.36 0.44 0.73% |
Allegheny Technologies financial indicator trend analysis is way more than just evaluating Allegheny Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allegheny Technologies is a good investment. Please check the relationship between Allegheny Technologies Net Receivables and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Net Receivables vs Short Long Term Debt Total
Net Receivables vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegheny Technologies Net Receivables account and Short Long Term Debt Total. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Allegheny Technologies' Net Receivables and Short Long Term Debt Total is 0.14. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Allegheny Technologies Incorporated, assuming nothing else is changed. The correlation between historical values of Allegheny Technologies' Net Receivables and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Allegheny Technologies Incorporated are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Net Receivables i.e., Allegheny Technologies' Net Receivables and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Receivables
Short Long Term Debt Total
Most indicators from Allegheny Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allegheny Technologies 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 Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. As of now, Allegheny Technologies' Tax Provision is increasing as compared to previous years. The Allegheny Technologies' current Sales General And Administrative To Revenue is estimated to increase to 0.01, while Selling General Administrative is projected to decrease to under 182.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 333.2M | 714.2M | 802.6M | 460.2M | Total Revenue | 2.8B | 3.8B | 7.5B | 4.1B |
Allegheny Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Allegheny Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Allegheny Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.6B | 4.0B | 4.3B | 4.4B | 5.0B | 4.6B | |
Short Long Term Debt Total | 1.4B | 1.6B | 1.8B | 1.7B | 2.2B | 1.2B | |
Other Current Liab | 237.8M | 233.1M | 233.4M | 219.8M | 256.8M | 272.7M | |
Total Current Liabilities | 849.2M | 653.3M | 856.4M | 963.9M | 977.1M | 764.3M | |
Total Stockholder Equity | 2.1B | 521.1M | 685.6M | 1.0B | 1.4B | 1.6B | |
Property Plant And Equipment Net | 2.5B | 1.5B | 1.5B | 1.5B | 1.7B | 1.8B | |
Net Debt | 908.1M | 921.9M | 1.2B | 1.2B | 1.4B | 806.0M | |
Retained Earnings | 1.7B | 106.5M | 72.7M | 176.9M | (70.1M) | (66.6M) | |
Accounts Payable | 521.2M | 290.6M | 375.5M | 553.3M | 524.8M | 382.8M | |
Cash | 490.8M | 645.9M | 687.7M | 584M | 743.9M | 385.9M | |
Non Current Assets Total | 3.3B | 2.0B | 2.0B | 2.0B | 2.2B | 2.6B | |
Non Currrent Assets Other | 355.7M | 259M | 222.1M | 192.9M | 354.3M | 263.9M | |
Cash And Short Term Investments | 490.8M | 645.9M | 687.7M | 584M | 743.9M | 385.9M | |
Net Receivables | 592.6M | 384.7M | 523.9M | 643.3M | 684.1M | 542.1M | |
Good Will | 525.8M | 240.7M | 227.9M | 227.2M | 261.3M | 391.1M | |
Common Stock Shares Outstanding | 146.5M | 126.5M | 127.1M | 151.2M | 150M | 118.0M | |
Liabilities And Stockholders Equity | 5.6B | 4.0B | 4.3B | 4.4B | 5.0B | 4.6B | |
Non Current Liabilities Total | 2.6B | 2.7B | 2.6B | 2.3B | 2.5B | 2.1B | |
Inventory | 1.2B | 997.1M | 1.0B | 1.2B | 1.2B | 1.0B | |
Other Current Assets | 64.3M | 38.3M | 48.8M | 53.4M | 62.2M | 66.7M | |
Other Stockholder Equity | 1.6B | 1.6B | 1.6B | 1.6B | 1.4B | 873.8M | |
Total Liab | 3.4B | 3.4B | 3.5B | 3.3B | 3.5B | 2.9B | |
Property Plant And Equipment Gross | 2.5B | 1.5B | 1.5B | 1.5B | 3.7B | 3.9B | |
Total Current Assets | 2.3B | 2.1B | 2.3B | 2.5B | 2.7B | 2.0B | |
Accumulated Other Comprehensive Income | (1.2B) | (1.2B) | (991.7M) | (725.2M) | (83.2M) | (87.4M) | |
Intangible Assets | 96.3M | 87.9M | 65.9M | 58.5M | 51.1M | 48.5M | |
Other Liab | 1.1B | 1.2B | 884.5M | 578.5M | 665.3M | 1.0B | |
Other Assets | 115.7M | 259.4M | 259M | 222.1M | 173.6M | 217.6M | |
Long Term Debt | 1.4B | 1.6B | 1.7B | 1.7B | 2.1B | 1.3B | |
Treasury Stock | (30.6M) | (18.2M) | (4.8M) | (87M) | (100.1M) | (105.1M) | |
Property Plant Equipment | 2.5B | 1.5B | 1.5B | 1.5B | 1.8B | 1.9B | |
Short Term Investments | 117.6M | 300M | 487.7M | 464.9M | 700K | 665K | |
Current Deferred Revenue | 78.7M | 111.8M | 116.2M | 149.1M | 163.6M | 132.7M | |
Net Tangible Assets | 1.6B | 280.4M | 457.7M | 818.7M | 736.8M | 1.1B | |
Noncontrolling Interest In Consolidated Entity | 103.1M | 120.3M | 147.1M | 111.3M | 128.0M | 115.1M | |
Retained Earnings Total Equity | 1.7B | 106.5M | 72.7M | 176.9M | 159.2M | 151.2M |
Pair Trading with Allegheny Technologies
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 Allegheny Technologies 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 Allegheny Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Allegheny Stock
0.65 | ESAB | ESAB Corp | PairCorr |
0.9 | CRS | Carpenter Technology Financial Report 25th of July 2024 | PairCorr |
Moving against Allegheny Stock
0.83 | RYI | Ryerson Holding Corp | PairCorr |
0.76 | AP | Ampco Pittsburgh | PairCorr |
0.63 | PRLB | Proto Labs | PairCorr |
0.46 | IIIN | Insteel Industries Financial Report 18th of July 2024 | PairCorr |
0.46 | SGBX | SG Blocks | PairCorr |
The ability to find closely correlated positions to Allegheny Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegheny Technologies 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 Allegheny Technologies - 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 Allegheny Technologies Incorporated to buy it.
The correlation of Allegheny Technologies 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 Allegheny Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegheny Technologies 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 Allegheny Technologies 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 Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Allegheny Stock analysis
When running Allegheny Technologies' price analysis, check to measure Allegheny Technologies' 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 Allegheny Technologies is operating at the current time. Most of Allegheny Technologies' value examination focuses on studying past and present price action to predict the probability of Allegheny Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegheny Technologies' price. Additionally, you may evaluate how the addition of Allegheny Technologies to your portfolios can decrease your overall portfolio volatility.
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
Is Allegheny Technologies' 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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 (0.20) | Earnings Share 2.69 | Revenue Per Share 32.766 | Quarterly Revenue Growth 0.005 | Return On Assets 0.056 |
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.