Altius Net Income from 2010 to 2026
| ALS Stock | CAD 43.29 0.45 1.03% |
Net Income | First Reported 2002-06-30 | Previous Quarter 5.3 M | Current Value 264.7 M | Quarterly Volatility 32.4 M |
Check Altius Minerals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altius Minerals' main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.4 M, Interest Expense of 12.1 M or Selling General Administrative of 20.4 M, as well as many indicators such as Price To Sales Ratio of 36.36, Dividend Yield of 0.0102 or PTB Ratio of 3.2. Altius financial statements analysis is a perfect complement when working with Altius Minerals Valuation or Volatility modules.
Altius | Net Income |
Latest Altius Minerals' Net Income Growth Pattern
Below is the plot of the Net Income of Altius Minerals over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Altius Minerals financial statement analysis. It represents the amount of money remaining after all of Altius Minerals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Altius Minerals' Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Altius Minerals' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 101.8 M | 10 Years Trend |
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Net Income |
| Timeline |
Altius Net Income Regression Statistics
| Arithmetic Mean | 15,897,207 | |
| Geometric Mean | 19,598,684 | |
| Coefficient Of Variation | 338.28 | |
| Mean Deviation | 41,100,299 | |
| Median | 1,268,000 | |
| Standard Deviation | 53,777,148 | |
| Sample Variance | 2892T | |
| Range | 186.5M | |
| R-Value | 0.74 | |
| Mean Square Error | 1373.2T | |
| R-Squared | 0.55 | |
| Significance | 0.0006 | |
| Slope | 7,932,636 | |
| Total Sum of Squares | 46271.7T |
Altius Net Income History
About Altius Minerals Financial Statements
Altius Minerals investors utilize fundamental indicators, such as Net Income, to predict how Altius Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income | 117.1 M | 122.9 M | |
| Net Income From Continuing Ops | 117.1 M | 122.9 M | |
| Net Income Applicable To Common Shares | 115.9 M | 121.7 M | |
| Net Income Per Share | 1.95 | 2.04 | |
| Net Income Per E B T | 0.90 | 0.71 |
Pair Trading with Altius Minerals
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 Altius Minerals 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 Altius Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Altius Stock
Moving against Altius Stock
The ability to find closely correlated positions to Altius Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altius Minerals 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 Altius Minerals - 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 Altius Minerals to buy it.
The correlation of Altius Minerals 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 Altius Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altius Minerals 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 Altius Minerals 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.Other Information on Investing in Altius Stock
Altius Minerals financial ratios help investors to determine whether Altius Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Altius with respect to the benefits of owning Altius Minerals security.