Atlas Non Current Liabilities Total vs Common Stock Analysis

ATLX Stock

USD 15.67 0.09 0.57%

Atlas Lithium financial indicator trend analysis is way more than just evaluating Atlas Lithium prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlas Lithium is a good investment. Please check the relationship between Atlas Lithium Non Current Liabilities Total and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Lithium. 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.

For more information on how to buy Atlas Stock please use our How to Invest in Atlas Lithium guide.

Non Current Liabilities Total vs Common Stock

Non Current Liabilities Total vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atlas Lithium Non Current Liabilities Total account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Atlas Lithium's Non Current Liabilities Total and Common Stock is -0.21. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Common Stock in the same time period over historical financial statements of Atlas Lithium, assuming nothing else is changed. The correlation between historical values of Atlas Lithium's Non Current Liabilities Total and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Atlas Lithium are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Non Current Liabilities Total i.e., Atlas Lithium's Non Current Liabilities Total and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Non Current Liabilities Total

Common Stock

Most indicators from Atlas Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlas Lithium 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 Atlas Lithium. 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.

For more information on how to buy Atlas Stock please use our How to Invest in Atlas Lithium guide.At this time, Atlas Lithium's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 22.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (0.01) in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	10.2K	6.8K	620.0	589.0
Interest Expense	253.6K	155.8K	179.2K	170.2K

Total Revenue Interest Expense

Atlas Lithium fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Cash	Net Receivables	Inventory	Total Liab	Short Term Debt	Intangible Assets	Current Deferred Revenue	Accounts Payable	Non Current Liabilities Total	Other Current Assets	Other Liab
Total Assets		0.91	-0.94	0.98	-0.73	1.0	0.94	0.75	1.0	-0.22	0.98	0.22	0.86	0.99	-1.0	1.0	-0.11	-0.47	1.0	-0.25	0.92	0.47	0.99	1.0	0.72	-0.6
Total Stockholder Equity	0.91		-0.76	0.91	-0.61	0.9	0.83	0.62	0.9	-0.28	0.82	0.15	0.63	0.9	-0.92	0.89	-0.01	-0.26	0.87	-0.57	0.85	0.18	0.92	0.89	0.88	-0.49
Retained Earnings	-0.94	-0.76		-0.96	0.85	-0.93	-0.97	-0.84	-0.93	0.12	-0.94	-0.37	-0.92	-0.91	0.92	-0.93	0.3	0.7	-0.95	0.08	-0.94	-0.69	-0.91	-0.93	-0.53	0.75
Non Current Assets Total	0.98	0.91	-0.96		-0.82	0.97	0.97	0.78	0.97	-0.23	0.95	0.36	0.88	0.96	-0.97	0.97	-0.17	-0.55	0.97	-0.28	0.97	0.52	0.97	0.97	0.72	-0.67
Non Currrent Assets Other	-0.73	-0.61	0.85	-0.82		-0.67	-0.86	-0.75	-0.68	0.11	-0.67	-0.72	-0.82	-0.67	0.69	-0.69	0.33	0.69	-0.72	0.19	-0.92	-0.64	-0.67	-0.68	-0.46	0.77
Cash And Short Term Investments	1.0	0.9	-0.93	0.97	-0.67		0.92	0.72	1.0	-0.22	0.99	0.16	0.85	1.0	-1.0	1.0	-0.09	-0.44	0.99	-0.23	0.88	0.45	0.99	1.0	0.72	-0.56
Common Stock Shares Outstanding	0.94	0.83	-0.97	0.97	-0.86	0.92		0.79	0.91	-0.14	0.9	0.39	0.87	0.9	-0.92	0.92	-0.27	-0.67	0.93	-0.24	0.97	0.62	0.91	0.92	0.64	-0.82
Other Stockholder Equity	0.75	0.62	-0.84	0.78	-0.75	0.72	0.79		0.72	-0.19	0.73	0.39	0.73	0.71	-0.76	0.73	-0.25	-0.61	0.74	-0.11	0.79	0.59	0.71	0.73	0.45	-0.71
Total Current Assets	1.0	0.9	-0.93	0.97	-0.68	1.0	0.91	0.72		-0.22	0.99	0.16	0.85	1.0	-1.0	1.0	-0.08	-0.44	1.0	-0.23	0.88	0.44	1.0	1.0	0.72	-0.56
Common Stock	-0.22	-0.28	0.12	-0.23	0.11	-0.22	-0.14	-0.19	-0.22		-0.18	-0.19	-0.14	-0.23	0.22	-0.21	-0.19	0.04	-0.2	0.17	-0.21	-0.14	-0.24	-0.21	-0.47	-0.04
Short Long Term Debt Total	0.98	0.82	-0.94	0.95	-0.67	0.99	0.9	0.73	0.99	-0.18		0.16	0.89	0.98	-0.97	0.99	-0.12	-0.49	0.99	-0.07	0.86	0.51	0.97	0.99	0.63	-0.55
Other Current Liab	0.22	0.15	-0.37	0.36	-0.72	0.16	0.39	0.39	0.16	-0.19	0.16		0.53	0.16	-0.17	0.17	0.03	-0.34	0.23	-0.08	0.51	0.36	0.17	0.16	0.22	-0.45
Total Current Liabilities	0.86	0.63	-0.92	0.88	-0.82	0.85	0.87	0.73	0.85	-0.14	0.89	0.53		0.84	-0.83	0.86	-0.08	-0.56	0.9	0.11	0.86	0.62	0.83	0.85	0.49	-0.62
Property Plant And Equipment Net	0.99	0.9	-0.91	0.96	-0.67	1.0	0.9	0.71	1.0	-0.23	0.98	0.16	0.84		-1.0	1.0	-0.06	-0.41	0.99	-0.24	0.87	0.42	0.99	1.0	0.73	-0.53
Net Debt	-1.0	-0.92	0.92	-0.97	0.69	-1.0	-0.92	-0.76	-1.0	0.22	-0.97	-0.17	-0.83	-1.0		-1.0	0.09	0.43	-0.99	0.29	-0.89	-0.43	-0.99	-1.0	-0.74	0.58
Cash	1.0	0.89	-0.93	0.97	-0.69	1.0	0.92	0.73	1.0	-0.21	0.99	0.17	0.86	1.0	-1.0		-0.1	-0.46	1.0	-0.22	0.89	0.46	0.99	1.0	0.71	-0.57
Net Receivables	-0.11	-0.01	0.3	-0.17	0.33	-0.09	-0.27	-0.25	-0.08	-0.19	-0.12	0.03	-0.08	-0.06	0.09	-0.1		0.8	-0.1	-0.14	-0.27	-0.71	-0.02	-0.09	0.38	0.36
Inventory	-0.47	-0.26	0.7	-0.55	0.69	-0.44	-0.67	-0.61	-0.44	0.04	-0.49	-0.34	-0.56	-0.41	0.43	-0.46	0.8		-0.48	-0.2	-0.64	-0.94	-0.39	-0.45	0.05	0.73
Total Liab	1.0	0.87	-0.95	0.97	-0.72	0.99	0.93	0.74	1.0	-0.2	0.99	0.23	0.9	0.99	-0.99	1.0	-0.1	-0.48		-0.17	0.9	0.5	0.99	1.0	0.68	-0.58
Short Term Debt	-0.25	-0.57	0.08	-0.28	0.19	-0.23	-0.24	-0.11	-0.23	0.17	-0.07	-0.08	0.11	-0.24	0.29	-0.22	-0.14	-0.2	-0.17		-0.3	0.3	-0.28	-0.22	-0.6	0.15
Intangible Assets	0.92	0.85	-0.94	0.97	-0.92	0.88	0.97	0.79	0.88	-0.21	0.86	0.51	0.86	0.87	-0.89	0.89	-0.27	-0.64	0.9	-0.3		0.58	0.88	0.88	0.66	-0.75
Current Deferred Revenue	0.47	0.18	-0.69	0.52	-0.64	0.45	0.62	0.59	0.44	-0.14	0.51	0.36	0.62	0.42	-0.43	0.46	-0.71	-0.94	0.5	0.3	0.58		0.39	0.46	-0.11	-0.61
Accounts Payable	0.99	0.92	-0.91	0.97	-0.67	0.99	0.91	0.71	1.0	-0.24	0.97	0.17	0.83	0.99	-0.99	0.99	-0.02	-0.39	0.99	-0.28	0.88	0.39		0.99	0.78	-0.57
Non Current Liabilities Total	1.0	0.89	-0.93	0.97	-0.68	1.0	0.92	0.73	1.0	-0.21	0.99	0.16	0.85	1.0	-1.0	1.0	-0.09	-0.45	1.0	-0.22	0.88	0.46	0.99		0.71	-0.56
Other Current Assets	0.72	0.88	-0.53	0.72	-0.46	0.72	0.64	0.45	0.72	-0.47	0.63	0.22	0.49	0.73	-0.74	0.71	0.38	0.05	0.68	-0.6	0.66	-0.11	0.78	0.71		-0.35
Other Liab	-0.6	-0.49	0.75	-0.67	0.77	-0.56	-0.82	-0.71	-0.56	-0.04	-0.55	-0.45	-0.62	-0.53	0.58	-0.57	0.36	0.73	-0.58	0.15	-0.75	-0.61	-0.57	-0.56	-0.35

Click cells to compare fundamentals

Atlas Lithium Account Relationship Matchups

Atlas Lithium fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0M	951.9K	1.6M	5.7M	43.7M	45.9M
Total Stockholder Equity	(2.8M)	(3.5M)	(1.1M)	1.7M	8.9M	9.3M
Retained Earnings	(51.0M)	(52.2M)	(55.0M)	(59.6M)	(101.7M)	(96.6M)
Non Current Assets Total	832.7K	646.7K	1.5M	5.3M	14.0M	14.7M
Cash And Short Term Investments	151.1K	253.6K	22.8K	280.5K	29.5M	31.0M
Common Stock Shares Outstanding	1.1M	1.7M	3.7M	4.6M	10.1M	10.6M
Liabilities And Stockholders Equity	1.0M	951.9K	1.6M	5.7M	43.7M	45.9M
Other Stockholder Equity	47.7M	47.5M	51.5M	62.3M	111.7M	56.1M
Total Current Assets	193.8K	305.1K	57.9K	345.4K	29.7M	31.2M
Common Stock	1.1M	2.0M	3.1M	5.1K	12.8K	12.1K
Short Long Term Debt Total	1.5M	1.7M	10.2K	21.5K	10.2M	10.7M
Other Current Liab	496.4K	324.4K	678.2K	2.4M	1.0M	920.0K
Total Current Liabilities	2.2M	2.3M	998.4K	2.8M	5.7M	6.0M
Property Plant And Equipment Net	172.8K	89.3K	53.9K	217.6K	6.9M	7.2M
Net Debt	1.4M	1.4M	(12.6K)	(259.0K)	(19.3M)	(18.4M)
Cash	151.1K	253.6K	22.8K	280.5K	29.5M	31.0M
Net Receivables	22.9K	37.8K	17.9K	17.8K	50.8K	40.7K
Inventory	15.1K	11.7K	0.0	(17.7K)	(15.9K)	(15.1K)
Total Liab	2.3M	2.4M	1.1M	2.9M	34.4M	36.1M
Accumulated Other Comprehensive Income	(581.0K)	(775.1K)	(712.8K)	(981.0K)	(1.1M)	(1.1M)
Short Term Debt	1.5M	1.7M	10.2K	21.5K	182.0K	172.9K
Accounts Payable	141.9K	327.7K	310.0K	408.9K	3.4M	3.6M
Non Current Liabilities Total	192.7K	121.3K	108.9K	79.0K	28.7M	30.1M
Other Current Assets	4.8K	2.0K	17.2K	64.8K	113.9K	119.6K
Short Term Investments	4.8K	2.0K	17.2K	47.1K	54.2K	56.9K
Net Invested Capital	(1.3M)	(1.8M)	(1.1M)	1.7M	18.7M	19.6M
Short Long Term Debt	1.5M	1.7M	10.2K	21.5K	67.0K	63.7K
Capital Stock	1.1M	2.0M	3.1M	5.3K	12.8K	12.1K
Non Current Liabilities Other	192.7K	121.3K	108.9K	79.0K	71.1K	110.4K
Net Working Capital	(2.0M)	(2.0M)	(940.5K)	(2.5M)	24.0M	25.2M

Pair Trading with Atlas Lithium

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 Atlas Lithium 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 Atlas Lithium will appreciate offsetting losses from the drop in the long position's value.

Moving against Atlas Stock

0.59	BVN	Compania de Minas	Pair Corr
0.55	GROY	Gold Royalty Corp	Pair Corr
0.46	AU	AngloGold Ashanti plc Financial Report 28th of June 2024	Pair Corr
0.44	PPTA	Perpetua Resources Corp	Pair Corr

The ability to find closely correlated positions to Atlas Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlas Lithium 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 Atlas Lithium - 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 Atlas Lithium to buy it.

The correlation of Atlas Lithium 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 Atlas Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Lithium 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 Atlas Lithium 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 Correlation Correlation Matching

When determining whether Atlas Lithium offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Atlas Lithium's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Atlas Lithium Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Atlas Lithium Stock:

How To Invest In Atlas

Details

Is Atlas Stock a good investment?

Details

What is Atlas Lithium's Net Worth?

Details

Largest Precious Metals & Minerals Companies

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Largest Other Precious Metals & Mining Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Lithium. 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.

For more information on how to buy Atlas Stock please use our How to Invest in Atlas Lithium guide.

You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Atlas Stock analysis

When running Atlas Lithium's price analysis, check to measure Atlas Lithium'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 Atlas Lithium is operating at the current time. Most of Atlas Lithium's value examination focuses on studying past and present price action to predict the probability of Atlas Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Lithium's price. Additionally, you may evaluate how the addition of Atlas Lithium to your portfolios can decrease your overall portfolio volatility.

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Is Atlas Lithium'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 Atlas Lithium. If investors know Atlas 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 Atlas Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(4.11)

Quarterly Revenue Growth

(0.46)

Return On Assets

(1.08)

Return On Equity

(7.03)

The market value of Atlas Lithium is measured differently than its book value, which is the value of Atlas that is recorded on the company's balance sheet. Investors also form their own opinion of Atlas Lithium's value that differs from its market value or its book value, called intrinsic value, which is Atlas Lithium'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 Atlas Lithium's market value can be influenced by many factors that don't directly affect Atlas Lithium'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 Atlas Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlas Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlas Lithium'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Atlas Non Current Liabilities Total vs Common Stock Analysis

Non Current Liabilities Total vs Common Stock

Non Current Liabilities Total vs Common Stock Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Common Stock

Atlas Lithium fundamental ratios Correlations

Atlas Lithium Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Atlas Lithium fundamental ratios Accounts

Pair Trading with Atlas Lithium

Moving against Atlas Stock

Complementary Tools for Atlas Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments

Non Current Liabilities Total	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Debt	- 1.0	Property Plant And Equipment Net
Net Debt	- 1.0	Total Current Assets
Net Debt	- 1.0	Cash And Short Term Investments
Net Debt	- 1.0	Total Assets