Arcelormittal Stock Current Ratio
| MTCNDelisted Stock | USD 61.83 0.06 0.1% |
Arcelormittal fundamentals help investors to digest information that contributes to Arcelormittal's financial success or failures. It also enables traders to predict the movement of Arcelormittal Stock. The fundamental analysis module provides a way to measure Arcelormittal's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Arcelormittal stock.
Arcelormittal |
Arcelormittal Company Current Ratio Analysis
Arcelormittal's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, Arcelormittal has a Current Ratio of 0.0 times. This indicator is about the same for the Other average (which is currently at 0.0) sector and about the same as Steel Works Etc (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
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Arcelormittal Fundamentals
| Revenue | 70.61 B | |||
| Net Income | (2.39 B) | |||
| Total Debt | 11.47 B | |||
| Cash Flow From Operations | 6.03 B | |||
| Number Of Employees | 43 | |||
| Total Asset | 87.91 B | |||
| Retained Earnings | 22.88 B | |||
| Z Score | 1.17 | |||
| Net Asset | 87.91 B |
About Arcelormittal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Arcelormittal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Arcelormittal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Arcelormittal based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Arcelormittal
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 Arcelormittal 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 Arcelormittal will appreciate offsetting losses from the drop in the long position's value.Moving together with Arcelormittal Stock
Moving against Arcelormittal Stock
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| 0.69 | KLIC | Kulicke and Soffa | PairCorr |
The ability to find closely correlated positions to Arcelormittal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arcelormittal 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 Arcelormittal - 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 Arcelormittal to buy it.
The correlation of Arcelormittal 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 Arcelormittal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arcelormittal 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 Arcelormittal 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 Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Other Consideration for investing in Arcelormittal Stock
If you are still planning to invest in Arcelormittal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Arcelormittal's history and understand the potential risks before investing.
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