| ALRS Stock | | | USD 22.11 0.22 1.01% |
Alerus Financial financial indicator trend analysis is way more than just evaluating Alerus Financial Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alerus Financial Corp is a good investment. Please check the relationship between Alerus Financial Cash and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Alerus Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Cash vs Net Debt
Cash vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Alerus Financial Corp Cash account and
Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alerus Financial's Cash and Net Debt is -0.43. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Debt in the same time period over historical financial statements of Alerus Financial Corp, assuming nothing else is changed. The correlation between historical values of Alerus Financial's Cash and Net Debt 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 of Alerus Financial Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash i.e., Alerus Financial's Cash and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Alerus Financial Corp, which is listed under current asset account on Alerus Financial Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Alerus Financial customers. The amounts must be unrestricted with restricted cash listed in a different Alerus Financial account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Alerus Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alerus Financial Corp 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 Alerus Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Alerus Financial's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.53 in 2024, whereas
Selling General Administrative is likely to drop slightly above 71.3
M in 2024.
Alerus Financial fundamental ratios Correlations
Click cells to compare fundamentals
Alerus Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alerus Financial fundamental ratios Accounts
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Additional Tools for Alerus Stock Analysis
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predict the probability of Alerus Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alerus Financial's price. Additionally, you may evaluate how the addition of Alerus Financial to your portfolios can decrease your overall portfolio volatility.