Atkore Common Stock Shares Outstanding vs Net Receivables Analysis
ATKR Stock | USD 182.99 1.78 0.98% |
Atkore International financial indicator trend analysis is way more than just evaluating Atkore International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atkore International is a good investment. Please check the relationship between Atkore International Common Stock Shares Outstanding and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Common Stock Shares Outstanding vs Net Receivables
Common Stock Shares Outstanding vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atkore International Common Stock Shares Outstanding account and Net Receivables. At this time, the significance of the direction appears to have pay attention.
The correlation between Atkore International's Common Stock Shares Outstanding and Net Receivables is -0.89. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Atkore International Group, assuming nothing else is changed. The correlation between historical values of Atkore International's Common Stock Shares Outstanding and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Atkore International Group are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Common Stock Shares Outstanding i.e., Atkore International's Common Stock Shares Outstanding and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.89 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Net Receivables
Most indicators from Atkore International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atkore International 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 Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. At this time, Atkore International's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 04/26/2024, Enterprise Value Multiple is likely to grow to 8.64, while Selling General Administrative is likely to drop slightly above 266.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 3.9B | 3.5B | 4.0B | 2.3B | Depreciation And Amortization | 98.8M | 135.8M | 156.2M | 82.4M |
Atkore International fundamental ratios Correlations
Click cells to compare fundamentals
Atkore International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Atkore International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6B | 2.2B | 2.6B | 2.9B | 3.4B | 1.8B | |
Other Current Liab | 82.0M | 189.7M | 144.6M | 134.1M | 154.2M | 112.1M | |
Total Current Liabilities | 276.2M | 524.9M | 501.9M | 564.6M | 649.3M | 349.6M | |
Total Stockholder Equity | 378.4M | 864.7M | 1.2B | 1.5B | 1.7B | 1.8B | |
Property Plant And Equipment Net | 243.9M | 275.6M | 390.2M | 559.0M | 642.9M | 675.0M | |
Net Debt | 559.2M | 224.1M | 443.6M | 496.3M | 570.8M | 486.5M | |
Retained Earnings | (64.2M) | 388.7M | 802.0M | 994.9M | 1.1B | 1.2B | |
Accounts Payable | 142.6M | 243.2M | 244.1M | 292.7M | 336.6M | 181.8M | |
Cash | 284.5M | 576.3M | 388.8M | 388.1M | 446.3M | 468.6M | |
Non Current Assets Total | 729.8M | 788.6M | 1.1B | 1.4B | 1.6B | 865.4M | |
Non Currrent Assets Other | 3.0M | 2.0M | 3.5M | 10.7M | 12.3M | 12.9M | |
Other Assets | 42.4M | 31.7M | 12.9M | 1K | 900.0 | 855.0 | |
Cash And Short Term Investments | 284.5M | 576.3M | 388.8M | 388.1M | 446.3M | 468.6M | |
Net Receivables | 298.2M | 524.9M | 528.9M | 559.9M | 643.8M | 344.3M | |
Good Will | 188.2M | 199.0M | 289.3M | 311.1M | 357.8M | 194.5M | |
Non Current Liabilities Total | 903.9M | 820.4M | 847.3M | 902.3M | 1.0B | 822.0M | |
Inventory | 199.1M | 286.0M | 454.5M | 493.9M | 567.9M | 596.3M | |
Other Current Assets | 46.9M | 34.2M | 80.7M | 96.7M | 87.0M | 44.8M | |
Other Stockholder Equity | 484.6M | 504.3M | 497.5M | 506.8M | 582.8M | 515.4M | |
Total Liab | 1.2B | 1.3B | 1.3B | 1.5B | 1.7B | 1.2B | |
Total Current Assets | 828.7M | 1.4B | 1.5B | 1.5B | 1.8B | 905.5M | |
Intangible Assets | 255.3M | 241.2M | 382.7M | 394.4M | 453.5M | 327.9M | |
Common Stock Shares Outstanding | 48.0M | 47.3M | 44.3M | 39.3M | 35.4M | 43.5M | |
Short Long Term Debt Total | 843.7M | 800.4M | 832.3M | 884.4M | 1.0B | 842.8M | |
Other Liab | 76.1M | 31.8M | 28.8M | 34.1M | 30.7M | 47.8M | |
Net Tangible Assets | (65.2M) | 424.5M | 577.8M | 762.6M | 877.0M | 920.9M | |
Current Deferred Revenue | 35.8M | 80.3M | 99.4M | 121.6M | 139.8M | 146.8M | |
Long Term Debt | 803.7M | 758.4M | 760.5M | 762.7M | 877.1M | 803.9M | |
Common Stock Total Equity | 471K | 475K | 461K | 415K | 373.5K | 427.2K | |
Liabilities And Stockholders Equity | 1.6B | 2.2B | 2.6B | 2.9B | 3.4B | 1.8B | |
Property Plant And Equipment Gross | 541.9M | 613.3M | 769.1M | 994.7M | 1.1B | 580.3M | |
Accumulated Other Comprehensive Income | (42.6M) | (28.7M) | (50.1M) | (33.9M) | (30.5M) | (32.1M) | |
Short Term Debt | 15.8M | 11.8M | 13.8M | 16.2M | 14.6M | 13.9M | |
Common Stock | 475K | 461K | 415K | 374K | 336.6K | 414.4K | |
Property Plant Equipment | 243.9M | 275.6M | 390.2M | 559.0M | 642.9M | 675.0M | |
Long Term Debt Total | 845.3M | 803.7M | 758.4M | 760.5M | 874.6M | 810.7M | |
Capital Surpluse | 477.1M | 487.2M | 506.9M | 500.1M | 575.1M | 495.5M |
Pair Trading with Atkore International
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 Atkore International 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 Atkore International will appreciate offsetting losses from the drop in the long position's value.Moving together with Atkore Stock
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Moving against Atkore Stock
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The ability to find closely correlated positions to Atkore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atkore International 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 Atkore International - 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 Atkore International Group to buy it.
The correlation of Atkore International 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 Atkore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atkore International 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 Atkore International 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 Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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Is Atkore International'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 Atkore International. If investors know Atkore 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 Atkore International 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 (0.14) | Earnings Share 16.68 | Revenue Per Share 91.461 | Quarterly Revenue Growth (0.04) | Return On Assets 0.1902 |
The market value of Atkore International is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore International's value that differs from its market value or its book value, called intrinsic value, which is Atkore International'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 Atkore International's market value can be influenced by many factors that don't directly affect Atkore International'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 Atkore International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atkore International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore International'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.