Atrium Other Current Liab vs Total Liab Analysis

AI Stock  CAD 11.30  0.04  0.36%   
Atrium Mortgage financial indicator trend analysis is way more than just evaluating Atrium Mortgage Inve prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atrium Mortgage Inve is a good investment. Please check the relationship between Atrium Mortgage Other Current Liab and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atrium Mortgage Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Other Current Liab vs Total Liab

Other Current Liab vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atrium Mortgage Inve Other Current Liab account and Total Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Atrium Mortgage's Other Current Liab and Total Liab is -0.46. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Liab in the same time period over historical financial statements of Atrium Mortgage Investment, assuming nothing else is changed. The correlation between historical values of Atrium Mortgage's Other Current Liab and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Atrium Mortgage Investment are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Current Liab i.e., Atrium Mortgage's Other Current Liab and Total Liab go up and down completely randomly.

Correlation Coefficient

-0.46
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Current Liab

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Atrium Mortgage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atrium Mortgage Inve 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 Atrium Mortgage Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Atrium Mortgage's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Multiple is likely to grow to 12.03, while Selling General Administrative is likely to drop about 744.1 K.
 2021 2022 2023 2024 (projected)
Gross Profit44.5M50.1M55.4M34.3M
Total Revenue44.5M50.1M64.2M35.0M

Atrium Mortgage fundamental ratios Correlations

0.980.90.240.090.580.09-0.570.99-0.590.980.020.82-0.530.550.620.870.950.950.950.780.95-0.30.340.18-0.9
0.980.850.30.070.490.07-0.570.98-0.590.93-0.090.79-0.580.60.590.870.960.970.960.750.91-0.290.30.08-0.88
0.90.850.230.140.520.14-0.550.89-0.570.910.230.95-0.560.60.830.730.760.80.750.860.90.010.620.37-0.8
0.240.30.230.060.310.06-0.10.25-0.090.18-0.180.29-0.430.430.330.160.290.310.280.30.290.130.26-0.12-0.21
0.090.070.140.060.031.0-0.570.09-0.480.110.050.22-0.130.150.260.060.080.060.050.120.090.220.280.110.0
0.580.490.520.310.030.03-0.370.5-0.380.650.270.46-0.080.110.340.480.460.440.470.340.67-0.330.210.33-0.5
0.090.070.140.061.00.03-0.570.09-0.480.110.050.22-0.130.150.260.060.080.060.050.120.090.220.280.110.0
-0.57-0.57-0.55-0.1-0.57-0.37-0.57-0.590.99-0.55-0.06-0.510.2-0.22-0.41-0.34-0.41-0.42-0.41-0.53-0.490.12-0.29-0.20.41
0.990.980.890.250.090.50.09-0.59-0.610.960.020.8-0.510.530.60.830.940.950.940.820.91-0.290.320.17-0.88
-0.59-0.59-0.57-0.09-0.48-0.38-0.480.99-0.61-0.57-0.07-0.510.19-0.21-0.41-0.35-0.42-0.43-0.42-0.54-0.50.13-0.28-0.20.42
0.980.930.910.180.110.650.11-0.550.96-0.570.120.82-0.460.480.620.830.90.90.90.780.95-0.310.360.28-0.88
0.02-0.090.23-0.180.050.270.05-0.060.02-0.070.120.280.51-0.460.26-0.25-0.14-0.15-0.170.350.010.260.270.89-0.01
0.820.790.950.290.220.460.22-0.510.8-0.510.820.28-0.610.660.950.690.70.740.670.790.820.230.730.42-0.71
-0.53-0.58-0.56-0.43-0.13-0.08-0.130.2-0.510.19-0.460.51-0.61-1.0-0.67-0.66-0.55-0.6-0.53-0.29-0.57-0.26-0.590.370.4
0.550.60.60.430.150.110.15-0.220.53-0.210.48-0.460.66-1.00.710.670.560.610.540.320.590.290.63-0.32-0.41
0.620.590.830.330.260.340.26-0.410.6-0.410.620.260.95-0.670.710.520.490.530.450.640.630.50.870.4-0.48
0.870.870.730.160.060.480.06-0.340.83-0.350.83-0.250.69-0.660.670.520.890.910.90.470.9-0.30.23-0.09-0.83
0.950.960.760.290.080.460.08-0.410.94-0.420.9-0.140.7-0.550.560.490.890.991.00.680.88-0.370.180.02-0.89
0.950.970.80.310.060.440.06-0.420.95-0.430.9-0.150.74-0.60.610.530.910.990.990.720.91-0.350.210.02-0.92
0.950.960.750.280.050.470.05-0.410.94-0.420.9-0.170.67-0.530.540.450.91.00.990.670.89-0.440.130.0-0.91
0.780.750.860.30.120.340.12-0.530.82-0.540.780.350.79-0.290.320.640.470.680.720.670.73-0.080.420.48-0.75
0.950.910.90.290.090.670.09-0.490.91-0.50.950.010.82-0.570.590.630.90.880.910.890.73-0.280.40.15-0.87
-0.3-0.290.010.130.22-0.330.220.12-0.290.13-0.310.260.23-0.260.290.5-0.3-0.37-0.35-0.44-0.08-0.280.70.20.46
0.340.30.620.260.280.210.28-0.290.32-0.280.360.270.73-0.590.630.870.230.180.210.130.420.40.70.24-0.08
0.180.080.37-0.120.110.330.11-0.20.17-0.20.280.890.420.37-0.320.4-0.090.020.020.00.480.150.20.24-0.24
-0.9-0.88-0.8-0.210.0-0.50.00.41-0.880.42-0.88-0.01-0.710.4-0.41-0.48-0.83-0.89-0.92-0.91-0.75-0.870.46-0.08-0.24
Click cells to compare fundamentals

Atrium Mortgage Account Relationship Matchups

Atrium Mortgage fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets743.6M755.3M775.5M874.8M877.9M590.1M
Total Stockholder Equity455.5M462.9M470.2M475.6M482.2M356.5M
Net Debt277.4M284.9M295.5M379.0M169.6M206.4M
Retained Earnings(665K)(447K)470.2M(2.4M)(3.0M)(2.9M)
Net Receivables3.8M3.5M3.1M5.4M6.0M5.7M
Common Stock Shares Outstanding45.8M50.7M51.7M50.1M54.0M38.9M
Liabilities And Stockholders Equity743.6M755.3M775.5M874.8M877.9M590.1M
Other Stockholder Equity3.3M3.3M4.7M6.1M4.6M4.4M
Total Liab288.1M292.4M305.3M399.2M395.7M233.7M
Total Current Assets3.8M3.5M3.1M5.4M6.0M5.7M
Short Long Term Debt Total400.8M444.5M473.5M602.0M169.6M161.1M
Other Current Liab(127.6M)(162.2M)(181.0M)(229.1M)(5.1M)(5.4M)
Total Current Liabilities127.6M162.2M181.0M229.1M5.1M4.8M
Short Term Debt123.4M159.7M177.9M223.0M989K939.6K
Accounts Payable4.1M2.6M3.0M6.1M4.1M2.4M
Common Stock Total Equity345.3M385.3M452.9M460.1M529.1M349.3M
Common Stock452.9M460.1M465.5M471.9M478.9M391.8M
Net Tangible Assets455.5M462.9M470.2M475.6M546.9M397.6M
Long Term Debt277.4M284.9M295.5M156.0M168.6M238.1M
Non Current Liabilities Total153.9M125.2M181.0M229.1M168.6M147.3M
Other Current Assets105K89K15.2M104K(876.7M)(832.9M)
Short Long Term Debt123.4M159.7M177.9M223.0M989K939.6K
Accumulated Other Comprehensive Income2.6M2.2M3.1M4.5M4.7M4.5M
Non Current Assets Total16.3M16.3M15.2M104K43K40.9K
Non Currrent Assets Other(727.3M)(739.0M)(760.3M)(874.7M)(877.8M)(921.7M)
Long Term Debt Total277.4M284.9M295.5M379.0M435.8M306.0M
Net Invested Capital732.9M747.8M765.7M854.5M651.8M795.9M
Capital Stock452.9M460.1M465.5M471.9M478.9M497.6M

Pair Trading with Atrium Mortgage

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 Atrium Mortgage 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 Atrium Mortgage will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Atrium Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atrium Mortgage 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 Atrium Mortgage - 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 Atrium Mortgage Investment to buy it.
The correlation of Atrium Mortgage 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 Atrium Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atrium Mortgage Inve 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 Atrium Mortgage 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Atrium Stock

Balance Sheet is a snapshot of the financial position of Atrium Mortgage Inve at a specified time, usually calculated after every quarter, six months, or one year. Atrium Mortgage Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Atrium Mortgage and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Atrium currently owns. An asset can also be divided into two categories, current and non-current.