Altus Cash And Short Term Investments vs Retained Earnings Analysis

AIF Stock

CAD 59.52 0.52 0.87%

Altus Group financial indicator trend analysis is way more than just evaluating Altus Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altus Group Limited is a good investment. Please check the relationship between Altus Group Cash And Short Term Investments and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altus Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash And Short Term Investments vs Retained Earnings

Cash And Short Term Investments vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altus Group Limited Cash And Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Altus Group's Cash And Short Term Investments and Retained Earnings is -0.66. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Altus Group Limited, assuming nothing else is changed. The correlation between historical values of Altus Group's Cash And Short Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Altus Group Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash And Short Term Investments i.e., Altus Group's Cash And Short Term Investments and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.66

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Altus Group Limited balance sheet. This account contains Altus Group investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Altus Group Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Altus Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altus Group Limited 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 Altus Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Altus Group's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 23.26, while Selling General Administrative is likely to drop about 291.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	223.9M	271.5M	291.1M	185.9M
Total Revenue	625.4M	735.5M	772.8M	390.5M

Gross Profit Total Revenue

Altus Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Stockholder Equity	Short Term Investments	Property Plant And Equipment Net	Accounts Payable	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.91	0.89	0.78	0.98	0.83	-0.8	0.59	1.0	0.15	0.59	0.98	0.68	0.58	0.88	-0.65	0.97	0.95	0.0	0.85	0.83	0.32	0.62	-0.05	-0.28	0.95
Short Long Term Debt Total	0.91		0.72	0.73	0.8	0.98	-0.75	0.37	0.92	0.11	0.37	0.88	0.48	0.3	0.92	-0.61	0.98	0.81	0.02	0.71	0.75	0.07	0.54	0.17	-0.23	0.91
Other Current Liab	0.89	0.72		0.77	0.91	0.62	-0.72	0.68	0.87	0.15	0.68	0.89	0.71	0.68	0.68	-0.54	0.83	0.9	0.09	0.82	0.77	0.48	0.63	-0.41	-0.4	0.82
Total Current Liabilities	0.78	0.73	0.77		0.76	0.63	-0.74	0.65	0.75	0.07	0.65	0.83	0.63	0.53	0.47	-0.46	0.77	0.83	0.6	0.71	0.68	0.37	0.76	-0.12	-0.32	0.8
Total Stockholder Equity	0.98	0.8	0.91	0.76		0.71	-0.77	0.65	0.96	0.13	0.65	0.96	0.73	0.67	0.8	-0.63	0.9	0.95	-0.01	0.86	0.81	0.4	0.61	-0.17	-0.26	0.9
Net Debt	0.83	0.98	0.62	0.63	0.71		-0.65	0.18	0.86	0.1	0.18	0.79	0.35	0.16	0.91	-0.57	0.93	0.69	-0.01	0.6	0.66	-0.08	0.4	0.24	-0.18	0.84
Retained Earnings	-0.8	-0.75	-0.72	-0.74	-0.77	-0.65		-0.66	-0.76	0.28	-0.66	-0.87	-0.78	-0.42	-0.66	0.62	-0.79	-0.87	-0.13	-0.8	-0.92	-0.22	-0.63	0.03	0.05	-0.73
Cash	0.59	0.37	0.68	0.65	0.65	0.18	-0.66		0.52	0.11	1.0	0.67	0.8	0.82	0.3	-0.26	0.5	0.78	0.19	0.76	0.64	0.74	0.85	-0.26	-0.22	0.57
Non Current Assets Total	1.0	0.92	0.87	0.75	0.96	0.86	-0.76	0.52		0.16	0.52	0.95	0.63	0.54	0.9	-0.63	0.98	0.91	-0.03	0.83	0.8	0.27	0.57	-0.02	-0.26	0.94
Non Currrent Assets Other	0.15	0.11	0.15	0.07	0.13	0.1	0.28	0.11	0.16		0.11	0.07	-0.24	0.43	0.17	0.02	0.15	0.09	-0.15	0.02	-0.34	0.2	0.11	-0.14	-0.52	0.35
Cash And Short Term Investments	0.59	0.37	0.68	0.65	0.65	0.18	-0.66	1.0	0.52	0.11		0.67	0.8	0.82	0.3	-0.26	0.5	0.78	0.19	0.76	0.64	0.74	0.85	-0.26	-0.22	0.57
Net Receivables	0.98	0.88	0.89	0.83	0.96	0.79	-0.87	0.67	0.95	0.07	0.67		0.72	0.58	0.82	-0.72	0.95	0.99	0.07	0.85	0.86	0.36	0.68	-0.06	-0.33	0.93
Common Stock Total Equity	0.68	0.48	0.71	0.63	0.73	0.35	-0.78	0.8	0.63	-0.24	0.8	0.72		0.72	0.44	-0.35	0.59	0.76	0.14	0.93	0.88	0.5	0.69	-0.15	-0.02	0.52
Common Stock Shares Outstanding	0.58	0.3	0.68	0.53	0.67	0.16	-0.42	0.82	0.54	0.43	0.82	0.58	0.72		0.31	-0.24	0.45	0.67	0.05	0.77	0.47	0.65	0.66	-0.42	-0.31	0.57
Non Current Liabilities Total	0.88	0.92	0.68	0.47	0.8	0.91	-0.66	0.3	0.9	0.17	0.3	0.82	0.44	0.31		-0.6	0.92	0.75	-0.36	0.68	0.7	0.08	0.37	0.17	-0.22	0.84
Inventory	-0.65	-0.61	-0.54	-0.46	-0.63	-0.57	0.62	-0.26	-0.63	0.02	-0.26	-0.72	-0.35	-0.24	-0.6		-0.63	-0.65	0.08	-0.41	-0.52	-0.05	-0.22	-0.06	0.37	-0.64
Total Liab	0.97	0.98	0.83	0.77	0.9	0.93	-0.79	0.5	0.98	0.15	0.5	0.95	0.59	0.45	0.92	-0.63		0.9	0.0	0.8	0.8	0.22	0.6	0.07	-0.29	0.95
Total Current Assets	0.95	0.81	0.9	0.83	0.95	0.69	-0.87	0.78	0.91	0.09	0.78	0.99	0.76	0.67	0.75	-0.65	0.9		0.09	0.87	0.85	0.47	0.75	-0.13	-0.32	0.91
Short Term Debt	0.0	0.02	0.09	0.6	-0.01	-0.01	-0.13	0.19	-0.03	-0.15	0.19	0.07	0.14	0.05	-0.36	0.08	0.0	0.09		0.05	0.05	0.11	0.38	-0.09	-0.06	0.07
Common Stock	0.85	0.71	0.82	0.71	0.86	0.6	-0.8	0.76	0.83	0.02	0.76	0.85	0.93	0.77	0.68	-0.41	0.8	0.87	0.05		0.89	0.42	0.71	-0.13	-0.1	0.75
Other Stockholder Equity	0.83	0.75	0.77	0.68	0.81	0.66	-0.92	0.64	0.8	-0.34	0.64	0.86	0.88	0.47	0.7	-0.52	0.8	0.85	0.05	0.89		0.3	0.62	-0.01	-0.02	0.67
Short Term Investments	0.32	0.07	0.48	0.37	0.4	-0.08	-0.22	0.74	0.27	0.2	0.74	0.36	0.5	0.65	0.08	-0.05	0.22	0.47	0.11	0.42	0.3		0.67	-0.21	-0.42	0.29
Property Plant And Equipment Net	0.62	0.54	0.63	0.76	0.61	0.4	-0.63	0.85	0.57	0.11	0.85	0.68	0.69	0.66	0.37	-0.22	0.6	0.75	0.38	0.71	0.62	0.67		-0.11	-0.19	0.67
Accounts Payable	-0.05	0.17	-0.41	-0.12	-0.17	0.24	0.03	-0.26	-0.02	-0.14	-0.26	-0.06	-0.15	-0.42	0.17	-0.06	0.07	-0.13	-0.09	-0.13	-0.01	-0.21	-0.11		0.03	-0.05
Other Current Assets	-0.28	-0.23	-0.4	-0.32	-0.26	-0.18	0.05	-0.22	-0.26	-0.52	-0.22	-0.33	-0.02	-0.31	-0.22	0.37	-0.29	-0.32	-0.06	-0.1	-0.02	-0.42	-0.19	0.03		-0.37
Property Plant And Equipment Gross	0.95	0.91	0.82	0.8	0.9	0.84	-0.73	0.57	0.94	0.35	0.57	0.93	0.52	0.57	0.84	-0.64	0.95	0.91	0.07	0.75	0.67	0.29	0.67	-0.05	-0.37

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Altus Group Account Relationship Matchups

Altus Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	735.1M	735.4M	1.2B	1.3B	1.2B	1.3B
Short Long Term Debt Total	214.2M	186.0M	358.1M	378.1M	355.6M	373.3M
Other Current Liab	79.8M	90.3M	109.7M	125.5M	109.1M	114.6M
Total Current Liabilities	283.6M	153.2M	209.9M	239.9M	218.3M	229.2M
Total Stockholder Equity	359.7M	383.4M	589.5M	599.9M	602.5M	632.7M
Net Debt	154.0M	116.4M	306.8M	322.9M	313.7M	329.3M
Retained Earnings	(214.7M)	(217.6M)	(217.4M)	(243.6M)	(259.3M)	(246.4M)
Cash	60.3M	69.6M	51.3M	55.3M	41.9M	25.6M
Non Current Assets Total	489.1M	466.8M	915.5M	944.0M	912.1M	957.7M
Non Currrent Assets Other	9.7M	10.2M	18.5M	25.5M	18.6M	10.9M
Cash And Short Term Investments	60.3M	69.6M	51.3M	55.3M	41.9M	25.7M
Net Receivables	184.4M	196.5M	226.6M	255.5M	260.0M	273.0M
Common Stock Total Equity	479.2M	491.5M	509.6M	529.9M	609.3M	316.7M
Common Stock Shares Outstanding	38.8M	40.1M	41.2M	42.9M	45.9M	30.2M
Liabilities And Stockholders Equity	735.1M	735.4M	1.2B	1.3B	1.2B	1.3B
Non Current Liabilities Total	91.9M	198.8M	399.9M	424.2M	393.9M	413.6M
Total Liab	375.5M	352.0M	609.8M	664.0M	612.2M	642.8M
Total Current Assets	246.1M	268.6M	283.7M	319.9M	302.6M	317.7M
Short Term Debt	150.5M	11.7M	13.9M	14.9M	14.3M	18.4M
Common Stock	509.6M	529.9M	726.3M	747.7M	769.3M	405.9M
Other Stockholder Equity	24.4M	30.4M	42.4M	48.6M	50.1M	32.4M
Property Plant And Equipment Net	92.8M	72.1M	81.6M	60.5M	45.1M	37.0M
Accounts Payable	9.9M	7.6M	10.6M	7.3M	17.5M	13.0M
Other Current Assets	1.4M	2.5M	5.9M	1.7M	677K	643.2K
Property Plant And Equipment Gross	92.8M	72.1M	147.4M	152.9M	150.0M	157.5M
Accumulated Other Comprehensive Income	40.2M	40.8M	38.4M	47.2M	42.4M	22.1M
Intangible Assets	92.6M	77.9M	286.7M	292.8M	270.6M	284.2M
Current Deferred Revenue	38.9M	42.4M	73.0M	90.1M	72.6M	76.2M
Good Will	260.4M	261.1M	467.3M	497.6M	510.0M	274.3M
Other Liab	28.1M	24.5M	55.8M	60.9M	70.0M	40.7M
Net Tangible Assets	6.7M	44.5M	(164.5M)	(190.5M)	(171.5M)	(162.9M)
Other Assets	31.8M	30.1M	42.6M	47.4M	54.5M	30.9M
Long Term Debt	334K	122.4M	286.9M	317.8M	307.5M	176.1M
Long Term Investments	11.5M	25.7M	37.3M	38.8M	37.2M	33.2M
Property Plant Equipment	92.8M	72.1M	81.6M	60.5M	69.5M	51.6M
Long Term Debt Total	63.8M	174.3M	344.1M	363.3M	417.8M	438.7M
Capital Surpluse	24.4M	30.4M	42.4M	48.6M	55.9M	30.1M

Pair Trading with Altus Group

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 Altus Group 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 Altus Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with Altus Stock

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Pair Corr

The ability to find closely correlated positions to Altus Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altus Group 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 Altus Group - 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 Altus Group Limited to buy it.

The correlation of Altus Group 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 Altus Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altus Group Limited 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 Altus Group 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 Correlation Correlation Matching

Other Information on Investing in Altus Stock

Balance Sheet is a snapshot of the financial position of Altus Group Limited at a specified time, usually calculated after every quarter, six months, or one year. Altus Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Altus Group 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 Altus currently owns. An asset can also be divided into two categories, current and non-current.

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Altus Cash And Short Term Investments vs Retained Earnings Analysis

Cash And Short Term Investments vs Retained Earnings

Cash And Short Term Investments vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Retained Earnings

Altus Group fundamental ratios Correlations

Altus Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altus Group fundamental ratios Accounts

Pair Trading with Altus Group

Moving together with Altus Stock

Other Information on Investing in Altus Stock

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Net Receivables
Total Stockholder Equity	+ 0.98	Total Assets
Net Receivables	+ 0.98	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total

Other Stockholder Equity	- 0.92	Retained Earnings
Total Current Assets	- 0.87	Retained Earnings
Net Receivables	- 0.87	Retained Earnings
Common Stock	- 0.8	Retained Earnings
Retained Earnings	- 0.8	Total Assets
Total Liab	- 0.79	Retained Earnings