Commercial Gross Profit vs Cash and Equivalents Analysis

CMC Stock  USD 58.77  0.67  1.15%   
Commercial Metals financial indicator trend analysis is way more than just evaluating Commercial Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commercial Metals is a good investment. Please check the relationship between Commercial Metals Gross Profit and its Cash And Equivalents accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.

Gross Profit vs Cash And Equivalents

Gross Profit vs Cash and Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commercial Metals Gross Profit account and Cash and Equivalents. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Commercial Metals' Gross Profit and Cash and Equivalents is 0.45. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cash and Equivalents in the same time period over historical financial statements of Commercial Metals, assuming nothing else is changed. The correlation between historical values of Commercial Metals' Gross Profit and Cash and Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Commercial Metals are associated (or correlated) with its Cash and Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash and Equivalents has no effect on the direction of Gross Profit i.e., Commercial Metals' Gross Profit and Cash and Equivalents go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Commercial Metals minus its cost of goods sold. It is profit before Commercial Metals operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Cash And Equivalents

Most indicators from Commercial Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commercial Metals 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 Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.The current year's Selling General Administrative is expected to grow to about 768.4 M. The current year's Discontinued Operations is expected to grow to about 1.5 M
 2021 2022 2023 2024 (projected)
Gross Profit1.9B1.8B2.1B2.2B
Total Revenue8.9B8.8B10.1B10.6B

Commercial Metals fundamental ratios Correlations

0.410.640.610.980.980.190.970.80.980.880.80.94-0.660.890.930.91-0.570.90.920.960.210.48-0.55-0.550.96
0.410.140.790.230.290.840.230.490.250.070.490.620.040.670.590.390.10.710.10.60.290.66-0.82-0.820.23
0.640.140.490.620.690.140.60.270.650.680.270.63-0.420.540.580.72-0.160.590.610.580.00.47-0.36-0.360.63
0.610.790.490.470.490.590.470.570.480.270.570.76-0.040.630.770.57-0.050.80.290.750.580.75-0.68-0.680.47
0.980.230.620.470.980.01.00.761.00.930.760.85-0.690.790.850.87-0.670.780.970.880.180.33-0.39-0.390.98
0.980.290.690.490.980.090.980.730.990.920.730.88-0.670.840.840.89-0.560.820.950.880.120.34-0.48-0.480.98
0.190.840.140.590.00.09-0.010.070.03-0.130.070.480.030.520.420.30.210.55-0.080.380.080.67-0.7-0.7-0.02
0.970.230.60.471.00.98-0.010.760.990.920.760.85-0.680.780.840.86-0.680.770.970.870.20.31-0.39-0.390.98
0.80.490.270.570.760.730.070.760.730.651.00.75-0.490.760.760.6-0.370.770.650.840.380.34-0.6-0.60.76
0.980.250.650.481.00.990.030.990.730.920.730.86-0.680.80.840.89-0.640.790.970.870.150.33-0.41-0.410.99
0.880.070.680.270.930.92-0.130.920.650.920.650.73-0.740.710.720.8-0.60.650.970.76-0.10.28-0.33-0.330.9
0.80.490.270.570.760.730.070.761.00.730.650.75-0.490.760.760.6-0.370.770.650.840.380.34-0.6-0.60.76
0.940.620.630.760.850.880.480.850.750.860.730.75-0.580.950.980.89-0.390.980.760.990.230.69-0.71-0.710.83
-0.660.04-0.42-0.04-0.69-0.670.03-0.68-0.49-0.68-0.74-0.49-0.58-0.6-0.57-0.660.63-0.52-0.76-0.590.1-0.210.30.3-0.64
0.890.670.540.630.790.840.520.780.760.80.710.760.95-0.60.910.84-0.320.970.730.940.050.65-0.78-0.780.77
0.930.590.580.770.850.840.420.840.760.840.720.760.98-0.570.910.84-0.440.960.750.980.280.73-0.68-0.680.8
0.910.390.720.570.870.890.30.860.60.890.80.60.89-0.660.840.84-0.540.840.840.860.10.55-0.54-0.540.84
-0.570.1-0.16-0.05-0.67-0.560.21-0.68-0.37-0.64-0.6-0.37-0.390.63-0.32-0.44-0.54-0.29-0.73-0.44-0.17-0.01-0.05-0.05-0.6
0.90.710.590.80.780.820.550.770.770.790.650.770.98-0.520.970.960.84-0.290.670.970.250.73-0.79-0.790.76
0.920.10.610.290.970.95-0.080.970.650.970.970.650.76-0.760.730.750.84-0.730.670.78-0.010.24-0.3-0.30.94
0.960.60.580.750.880.880.380.870.840.870.760.840.99-0.590.940.980.86-0.440.970.780.280.66-0.7-0.70.85
0.210.290.00.580.180.120.080.20.380.15-0.10.380.230.10.050.280.1-0.170.25-0.010.280.04-0.16-0.160.23
0.480.660.470.750.330.340.670.310.340.330.280.340.69-0.210.650.730.55-0.010.730.240.660.04-0.63-0.630.23
-0.55-0.82-0.36-0.68-0.39-0.48-0.7-0.39-0.6-0.41-0.33-0.6-0.710.3-0.78-0.68-0.54-0.05-0.79-0.3-0.7-0.16-0.631.0-0.4
-0.55-0.82-0.36-0.68-0.39-0.48-0.7-0.39-0.6-0.41-0.33-0.6-0.710.3-0.78-0.68-0.54-0.05-0.79-0.3-0.7-0.16-0.631.0-0.4
0.960.230.630.470.980.98-0.020.980.760.990.90.760.83-0.640.770.80.84-0.60.760.940.850.230.23-0.4-0.4
Click cells to compare fundamentals

Commercial Metals Account Relationship Matchups

Commercial Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.1B4.6B6.2B6.6B7.6B8.0B
Short Long Term Debt Total1.1B1.1B1.5B1.2B1.3B683.1M
Other Current Liab455.0M451.4M289.8M410.4M472.0M495.6M
Total Current Liabilities745.3M980.5M1.4B843.7M970.3M660.9M
Total Stockholder Equity1.9B2.3B3.3B4.1B4.7B5.0B
Property Plant And Equipment Net1.6B1.6B1.9B2.4B2.8B2.9B
Net Debt541.6M572.0M829.4M562.5M646.8M456.0M
Retained Earnings1.8B2.2B3.3B4.1B4.7B4.9B
Cash542.1M497.7M672.6M592.3M681.2M715.2M
Non Current Assets Total1.9B1.9B2.8B3.5B4.0B4.2B
Non Currrent Assets Other232.2M269.6M128.0M440.6M506.7M532.0M
Cash And Short Term Investments542.1M497.7M672.6M592.3M681.2M715.2M
Net Receivables880.7M1.1B1.4B1.2B1.4B1.5B
Common Stock Shares Outstanding120.3M122.0M122.4M118.6M106.7M97.1M
Liabilities And Stockholders Equity4.1B4.6B6.2B6.6B7.6B8.0B
Non Current Liabilities Total1.4B1.4B1.6B1.7B1.9B2.0B
Inventory625.4M935.4M1.2B1.0B1.2B1.3B
Other Current Assets165.9M173.0M240.2M276.0M317.4M333.3M
Other Stockholder Equity183.8M215.5M86.9M26.1M23.5M22.3M
Total Liab2.2B2.3B3.0B2.5B2.9B3.0B
Property Plant And Equipment Gross1.6B1.6B1.9B4.5B5.2B5.5B
Total Current Assets2.2B2.7B3.4B3.1B3.6B3.8B
Accumulated Other Comprehensive Income(103.8M)(84.8M)(114.5M)(3.8M)(4.3M)(4.6M)
Short Term Debt18.1M54.4M388.8M40.5M46.6M54.9M
Accounts Payable266.1M450.7M428.1M364.4M419.0M374.5M
Other Liab285.7M254.3M369.2M430.2M494.7M519.4M
Other Assets104.7M147.3M43K279.8M321.8M337.9M
Long Term Debt1.0B1.0B1.1B1.0B1.2B949.5M
Treasury Stock(197.4M)(175.1M)(152.6M)(295.8M)(266.3M)(279.6M)
Property Plant Equipment1.6B1.7B1.9B2.6B3.0B3.1B
Current Deferred Revenue6.0M23.9M250.3M28.4M25.5M24.3M
Good Will64.3M66.1M249.0M385.8M443.7M465.9M
Intangible Assets12.6M10.1M257.4M259.2M298.0M312.9M
Net Tangible Assets1.8B2.2B3.3B3.5B4.0B4.2B

Commercial Metals Investors Sentiment

The influence of Commercial Metals' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Commercial. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Commercial Metals' public news can be used to forecast risks associated with an investment in Commercial. The trend in average sentiment can be used to explain how an investor holding Commercial can time the market purely based on public headlines and social activities around Commercial Metals. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Commercial Metals' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Commercial Metals' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Commercial Metals' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Commercial Metals.
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 Commercial Metals 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, Commercial Metals' short interest history, or implied volatility extrapolated from Commercial Metals options trading.

Pair Trading with Commercial Metals

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 Commercial Metals 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 Commercial Metals will appreciate offsetting losses from the drop in the long position's value.

Moving against Commercial Stock

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The ability to find closely correlated positions to Commercial Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commercial Metals 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 Commercial Metals - 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 Commercial Metals to buy it.
The correlation of Commercial Metals 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 Commercial Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commercial Metals 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 Commercial Metals 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 CorrelationCorrelation Matching
When determining whether Commercial Metals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Commercial Metals' 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 Commercial Metals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Commercial Metals Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.
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 Commercial Metals' 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 Commercial Metals. If investors know Commercial 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 Commercial Metals 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
(0.52)
Dividend Share
0.64
Earnings Share
5.76
Revenue Per Share
71.999
Quarterly Revenue Growth
(0.08)
The market value of Commercial Metals is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Metals' value that differs from its market value or its book value, called intrinsic value, which is Commercial Metals' 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 Commercial Metals' market value can be influenced by many factors that don't directly affect Commercial Metals' 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 Commercial Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Metals' 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.