Commercial Market Capitalization vs Operating Margin Analysis
CMC Stock | USD 54.45 0.65 1.18% |
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 Market Cap and its Operating Profit Margin 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.
Market Cap vs Operating Profit Margin
Market Capitalization vs Operating Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commercial Metals Market Capitalization account and Operating Margin. At this time, the significance of the direction appears to have weak relationship.
The correlation between Commercial Metals' Market Capitalization and Operating Margin is 0.38. Overlapping area represents the amount of variation of Market Capitalization that can explain the historical movement of Operating Margin 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' Market Capitalization and Operating Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Market Capitalization of Commercial Metals are associated (or correlated) with its Operating Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Margin has no effect on the direction of Market Capitalization i.e., Commercial Metals' Market Capitalization and Operating Margin go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Market Cap
Operating Profit Margin
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.At present, Commercial Metals' Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 316.6 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.06.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 1.8B | 2.1B | 2.2B | Total Revenue | 8.9B | 8.8B | 10.1B | 10.6B |
Commercial Metals fundamental ratios Correlations
Click cells to compare fundamentals
Commercial Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Commercial Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.1B | 4.6B | 6.2B | 6.6B | 7.6B | 8.0B | |
Short Long Term Debt Total | 1.1B | 1.1B | 1.5B | 1.2B | 1.3B | 683.1M | |
Other Current Liab | 455.0M | 451.4M | 289.8M | 410.4M | 472.0M | 495.6M | |
Total Current Liabilities | 745.3M | 980.5M | 1.4B | 843.7M | 970.3M | 660.9M | |
Total Stockholder Equity | 1.9B | 2.3B | 3.3B | 4.1B | 4.7B | 5.0B | |
Property Plant And Equipment Net | 1.6B | 1.6B | 1.9B | 2.4B | 2.8B | 2.9B | |
Net Debt | 541.6M | 572.0M | 829.4M | 562.5M | 646.8M | 456.0M | |
Retained Earnings | 1.8B | 2.2B | 3.3B | 4.1B | 4.7B | 4.9B | |
Cash | 542.1M | 497.7M | 672.6M | 592.3M | 681.2M | 715.2M | |
Non Current Assets Total | 1.9B | 1.9B | 2.8B | 3.5B | 4.0B | 4.2B | |
Non Currrent Assets Other | 232.2M | 269.6M | 128.0M | 440.6M | 506.7M | 532.0M | |
Cash And Short Term Investments | 542.1M | 497.7M | 672.6M | 592.3M | 681.2M | 715.2M | |
Net Receivables | 880.7M | 1.1B | 1.4B | 1.2B | 1.4B | 1.5B | |
Common Stock Shares Outstanding | 120.3M | 122.0M | 122.4M | 118.6M | 106.7M | 97.1M | |
Liabilities And Stockholders Equity | 4.1B | 4.6B | 6.2B | 6.6B | 7.6B | 8.0B | |
Non Current Liabilities Total | 1.4B | 1.4B | 1.6B | 1.7B | 1.9B | 2.0B | |
Inventory | 625.4M | 935.4M | 1.2B | 1.0B | 1.2B | 1.3B | |
Other Current Assets | 165.9M | 173.0M | 240.2M | 276.0M | 317.4M | 333.3M | |
Other Stockholder Equity | 183.8M | 215.5M | 86.9M | 26.1M | 23.5M | 22.3M | |
Total Liab | 2.2B | 2.3B | 3.0B | 2.5B | 2.9B | 3.0B | |
Property Plant And Equipment Gross | 1.6B | 1.6B | 1.9B | 4.5B | 5.2B | 5.5B | |
Total Current Assets | 2.2B | 2.7B | 3.4B | 3.1B | 3.6B | 3.8B | |
Accumulated Other Comprehensive Income | (103.8M) | (84.8M) | (114.5M) | (3.8M) | (4.3M) | (4.6M) | |
Short Term Debt | 18.1M | 54.4M | 388.8M | 40.5M | 46.6M | 54.9M | |
Accounts Payable | 266.1M | 450.7M | 428.1M | 364.4M | 419.0M | 374.5M | |
Other Liab | 285.7M | 254.3M | 369.2M | 430.2M | 494.7M | 519.4M | |
Other Assets | 104.7M | 147.3M | 43K | 279.8M | 321.8M | 337.9M | |
Long Term Debt | 1.0B | 1.0B | 1.1B | 1.0B | 1.2B | 949.5M | |
Treasury Stock | (197.4M) | (175.1M) | (152.6M) | (295.8M) | (266.3M) | (279.6M) | |
Property Plant Equipment | 1.6B | 1.7B | 1.9B | 2.6B | 3.0B | 3.1B | |
Current Deferred Revenue | 6.0M | 23.9M | 250.3M | 28.4M | 25.5M | 24.3M | |
Good Will | 64.3M | 66.1M | 249.0M | 385.8M | 443.7M | 465.9M | |
Intangible Assets | 12.6M | 10.1M | 257.4M | 259.2M | 298.0M | 312.9M | |
Net Tangible Assets | 1.8B | 2.2B | 3.3B | 3.5B | 4.0B | 4.2B |
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 together with Commercial Stock
0.67 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.68 | TX | Ternium SA ADR | PairCorr |
0.88 | WS | Worthington Steel | PairCorr |
Moving against Commercial Stock
0.67 | X | United States Steel Earnings Call Tomorrow | PairCorr |
0.61 | ZKIN | ZK International | PairCorr |
0.59 | SID | Companhia Siderurgica Financial Report 1st of May 2024 | PairCorr |
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.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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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When running Commercial Metals' price analysis, check to measure Commercial Metals' 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 Commercial Metals is operating at the current time. Most of Commercial Metals' value examination focuses on studying past and present price action to predict the probability of Commercial Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Metals' price. Additionally, you may evaluate how the addition of Commercial Metals to your portfolios can decrease your overall portfolio volatility.
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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.