ATI Other Assets vs Non Current Assets Total Analysis
| ATIP Stock | USD 4.83 0.18 3.87% |
ATI Physical financial indicator trend analysis is way more than just evaluating ATI Physical Therapy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ATI Physical Therapy is a good investment. Please check the relationship between ATI Physical Other Assets and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATI Physical Therapy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Other Assets vs Non Current Assets Total
Other Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ATI Physical Therapy Other Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between ATI Physical's Other Assets and Non Current Assets Total is 0.6. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of ATI Physical Therapy, assuming nothing else is changed. The correlation between historical values of ATI Physical's Other Assets and Non Current Assets 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 Other Assets of ATI Physical Therapy are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Other Assets i.e., ATI Physical's Other Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Assets
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from ATI Physical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ATI Physical Therapy 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 ATI Physical Therapy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. At this time, ATI Physical's Selling General Administrative is relatively stable compared to the past year. As of 05/09/2024, Enterprise Value Over EBITDA is likely to grow to 22.33, while Sales General And Administrative To Revenue is likely to drop 0.13.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 110.4M | 75.1M | 96.5M | 96.4M | Total Revenue | 627.9M | 635.7M | 699.0M | 534.4M |
ATI Physical fundamental ratios Correlations
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ATI Physical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ATI Physical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ATI Physical's short interest history, or implied volatility extrapolated from ATI Physical options trading.
Pair Trading with ATI Physical
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 ATI Physical 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 ATI Physical will appreciate offsetting losses from the drop in the long position's value.Moving together with ATI Stock
| 0.68 | CVS | CVS Health Corp | PairCorr |
| 0.66 | MDT | Medtronic PLC Financial Report 23rd of May 2024 | PairCorr |
| 0.81 | IART | Integra LifeSciences | PairCorr |
Moving against ATI Stock
| 0.9 | INSP | Inspire Medical Systems | PairCorr |
| 0.88 | SWAV | Shockwave Medical Financial Report 13th of May 2024 | PairCorr |
| 0.79 | SNDA | Sonida Senior Living | PairCorr |
| 0.69 | GKOS | Glaukos Corp | PairCorr |
| 0.6 | KIDS | Orthopediatrics Corp | PairCorr |
The ability to find closely correlated positions to ATI Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATI Physical 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 ATI Physical - 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 ATI Physical Therapy to buy it.
The correlation of ATI Physical 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 ATI Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATI Physical Therapy 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 ATI Physical 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 ATI Physical Therapy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for ATI Stock analysis
When running ATI Physical's price analysis, check to measure ATI Physical'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 ATI Physical is operating at the current time. Most of ATI Physical's value examination focuses on studying past and present price action to predict the probability of ATI Physical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATI Physical's price. Additionally, you may evaluate how the addition of ATI Physical to your portfolios can decrease your overall portfolio volatility.
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Is ATI Physical'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 ATI Physical. If investors know ATI 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 ATI Physical 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 3.895 | Earnings Share (31.93) | Revenue Per Share 168.881 | Quarterly Revenue Growth 0.084 | Return On Assets (0.01) |
The market value of ATI Physical Therapy is measured differently than its book value, which is the value of ATI that is recorded on the company's balance sheet. Investors also form their own opinion of ATI Physical's value that differs from its market value or its book value, called intrinsic value, which is ATI Physical'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 ATI Physical's market value can be influenced by many factors that don't directly affect ATI Physical'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 ATI Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATI Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATI Physical'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.