Alliance Capital Expenditures from 2010 to 2024
| ARLP Stock | USD 27.88 0.22 0.80% |
Capital Expenditures | First Reported 1999-09-30 | Previous Quarter 104.3 M | Current Value 110.3 M | Quarterly Volatility 33.6 M |
Check Alliance Resource financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alliance Resource's main balance sheet or income statement drivers, such as Depreciation And Amortization of 188.2 M, Interest Expense of 29.3 M or Selling General Administrative of 54.8 M, as well as many indicators such as Price To Sales Ratio of 1.25, Dividend Yield of 0.088 or PTB Ratio of 1.39. Alliance financial statements analysis is a perfect complement when working with Alliance Resource Valuation or Volatility modules.
Alliance | Capital Expenditures |
Latest Alliance Resource's Capital Expenditures Growth Pattern
Below is the plot of the Capital Expenditures of Alliance Resource Partners over the last few years. Capital Expenditures are funds used by Alliance Resource to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Alliance Resource operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software. It is Alliance Resource's Capital Expenditures historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Alliance Resource's overall financial position and show how it may be relating to other accounts over time.
| Capital Expenditures | 10 Years Trend |
|
Capital Expenditures |
| Timeline |
Alliance Capital Expenditures Regression Statistics
| Arithmetic Mean | 237,994,336 | |
| Geometric Mean | 192,814,107 | |
| Coefficient Of Variation | 51.38 | |
| Mean Deviation | 100,356,487 | |
| Median | 233,480,000 | |
| Standard Deviation | 122,274,418 | |
| Sample Variance | 14951T | |
| Range | 442M | |
| R-Value | (0.05) | |
| Mean Square Error | 16066.4T | |
| R-Squared | 0 | |
| Significance | 0.87 | |
| Slope | (1,269,181) | |
| Total Sum of Squares | 209314.5T |
Alliance Capital Expenditures History
About Alliance Resource Financial Statements
Alliance Resource shareholders use historical fundamental indicators, such as Capital Expenditures, to determine how well the company is positioned to perform in the future. Although Alliance Resource investors may analyze each financial statement separately, they are all interrelated. The changes in Alliance Resource's assets and liabilities, for example, are also reflected in the revenues and expenses on on Alliance Resource's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Capital Expenditures | 379.3 M | 207.6 M |
Pair Trading with Alliance Resource
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 Alliance Resource 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 Alliance Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Alliance Stock
| 0.83 | NC | NACCO Industries | PairCorr |
| 0.87 | BTU | Peabody Energy Corp | PairCorr |
| 0.86 | NRP | Natural Resource Partners | PairCorr |
| 0.91 | HNRG | Hallador Energy | PairCorr |
Moving against Alliance Stock
| 0.74 | EC | Ecopetrol SA ADR | PairCorr |
| 0.71 | BP | BP PLC ADR | PairCorr |
| 0.69 | DINO | HF Sinclair Corp | PairCorr |
| 0.54 | E | Eni SpA ADR | PairCorr |
| 0.46 | DK | Delek Energy | PairCorr |
The ability to find closely correlated positions to Alliance Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alliance Resource 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 Alliance Resource - 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 Alliance Resource Partners to buy it.
The correlation of Alliance Resource 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 Alliance Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alliance Resource 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 Alliance Resource 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.Additional Tools for Alliance Stock Analysis
When running Alliance Resource's price analysis, check to measure Alliance Resource'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 Alliance Resource is operating at the current time. Most of Alliance Resource's value examination focuses on studying past and present price action to predict the probability of Alliance Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alliance Resource's price. Additionally, you may evaluate how the addition of Alliance Resource to your portfolios can decrease your overall portfolio volatility.