Ampco Financial Ratios Analysis
| AP Stock | USD 2.22 0.02 0.91% |
Ampco |
Most ratios from Ampco Pittsburgh's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Ampco Pittsburgh current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Ampco Pittsburgh Valuation and Ampco Pittsburgh Correlation analysis. To learn how to invest in Ampco Stock, please use our How to Invest in Ampco Pittsburgh guide.At this time, Ampco Pittsburgh's Current Ratio is relatively stable compared to the past year. As of 04/19/2024, Receivables Turnover is likely to grow to 5.29, while PTB Ratio is likely to drop 0.79.
| 2023 | 2024 (projected) | PTB Ratio | 0.88 | 0.79 | Dividend Yield | 8.16E-4 | 7.76E-4 |
Ampco Pittsburgh fundamentals Correlations
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Ampco Pittsburgh Account Relationship Matchups
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Ampco Pittsburgh fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.092 | 0.0952 | 0.24 | 0.27 | 0.12 | 0.13 | |
| Ptb Ratio | 0.77 | 1.02 | 1.15 | 0.46 | 0.88 | 0.79 | |
| Book Value Per Share | 3.88 | 5.36 | 4.36 | 5.4 | 3.11 | 2.95 | |
| Free Cash Flow Yield | (0.43) | (0.48) | 0.32 | (0.33) | (0.91) | (0.45) | |
| Invested Capital | 1.54 | 0.54 | 0.79 | 1.04 | 2.13 | 2.23 | |
| Pb Ratio | 0.77 | 1.02 | 1.15 | 0.46 | 0.88 | 0.79 | |
| Ev To Sales | 0.46 | 0.23 | 0.27 | 0.31 | 0.38 | 0.63 | |
| Inventory Turnover | 3.96 | 3.52 | 3.26 | 2.69 | 2.93 | 2.66 | |
| Net Income Per Share | (0.83) | 0.56 | (0.64) | 0.18 | (2.04) | (1.93) | |
| Payables Turnover | 9.8 | 9.65 | 6.5 | 7.59 | 9.82 | 13.2 | |
| Capex To Revenue | (0.0276) | (0.0258) | (0.0442) | (0.0428) | (0.0484) | (0.0508) | |
| Cash Per Share | 1.58 | 0.55 | 1.18 | 0.45 | 0.37 | 0.35 | |
| Pocfratio | (5.34) | 2.33 | (5.97) | (1.78) | (14.53) | (13.8) | |
| Interest Coverage | 1.05 | 2.89 | (0.0811) | 1.44 | 0.65 | 0.61 | |
| Pfcf Ratio | (2.1) | 3.11 | (3.05) | (1.1) | (2.22) | (2.11) | |
| Income Quality | 0.68 | 3.67 | 1.31 | (6.84) | 0.0923 | 0.0877 | |
| Roe | (0.21) | 0.1 | (0.15) | 0.0327 | (0.66) | (0.62) | |
| Pe Ratio | (3.62) | 9.81 | (7.81) | 14.2 | (1.34) | (1.27) | |
| Earnings Yield | (0.28) | 0.1 | (0.13) | 0.0704 | (0.75) | (0.71) | |
| Current Ratio | 1.56 | 1.63 | 1.51 | 1.99 | 2.02 | 2.83 | |
| Receivables Turnover | 4.85 | 4.07 | 4.3 | 4.17 | 4.25 | 5.29 |
Pair Trading with Ampco Pittsburgh
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 Ampco Pittsburgh 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 Ampco Pittsburgh will appreciate offsetting losses from the drop in the long position's value.Moving against Ampco Stock
| 0.73 | TG | Tredegar | PairCorr |
| 0.71 | CRS | Carpenter Technology Report 25th of April 2024 | PairCorr |
| 0.7 | CMPOW | CompoSecure | PairCorr |
| 0.63 | CMPO | CompoSecure Financial Report 1st of May 2024 | PairCorr |
| 0.63 | AL | Air Lease Financial Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to Ampco Pittsburgh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ampco Pittsburgh 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 Ampco Pittsburgh - 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 Ampco Pittsburgh to buy it.
The correlation of Ampco Pittsburgh 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 Ampco Pittsburgh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ampco Pittsburgh 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 Ampco Pittsburgh 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 Ampco Pittsburgh Valuation and Ampco Pittsburgh Correlation analysis. To learn how to invest in Ampco Stock, please use our How to Invest in Ampco Pittsburgh guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Ampco Stock analysis
When running Ampco Pittsburgh's price analysis, check to measure Ampco Pittsburgh'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 Ampco Pittsburgh is operating at the current time. Most of Ampco Pittsburgh's value examination focuses on studying past and present price action to predict the probability of Ampco Pittsburgh's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ampco Pittsburgh's price. Additionally, you may evaluate how the addition of Ampco Pittsburgh to your portfolios can decrease your overall portfolio volatility.
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Is Ampco Pittsburgh'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 Ampco Pittsburgh. If investors know Ampco 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 Ampco Pittsburgh 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 (0.31) | Earnings Share (2.04) | Revenue Per Share 21.529 | Quarterly Revenue Growth 0.156 | Return On Assets 0.0129 |
The market value of Ampco Pittsburgh is measured differently than its book value, which is the value of Ampco that is recorded on the company's balance sheet. Investors also form their own opinion of Ampco Pittsburgh's value that differs from its market value or its book value, called intrinsic value, which is Ampco Pittsburgh'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 Ampco Pittsburgh's market value can be influenced by many factors that don't directly affect Ampco Pittsburgh'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 Ampco Pittsburgh's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ampco Pittsburgh is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ampco Pittsburgh'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.