Altius Price To Sales Ratio vs Ptb Ratio Analysis

ALS Stock

CAD 26.47 0.01 0.04%

Altius Minerals financial indicator trend analysis is way more than just evaluating Altius Minerals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altius Minerals is a good investment. Please check the relationship between Altius Minerals Price To Sales Ratio and its Ptb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. 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.

Price To Sales Ratio vs Ptb Ratio

Price To Sales Ratio vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altius Minerals Price To Sales Ratio account and Ptb Ratio. At this time, the significance of the direction appears to have strong relationship.

The correlation between Altius Minerals' Price To Sales Ratio and Ptb Ratio is 0.76. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Altius Minerals, assuming nothing else is changed. The correlation between historical values of Altius Minerals' Price To Sales Ratio and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Altius Minerals are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Price To Sales Ratio i.e., Altius Minerals' Price To Sales Ratio and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Altius Minerals stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Altius Minerals sales, a figure that is much harder to manipulate than other Altius Minerals multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Altius Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altius Minerals 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 Altius Minerals. 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, Altius Minerals' Selling General Administrative is very stable compared to the past year. As of the 28th of November 2024, Tax Provision is likely to grow to about 5.4 M, while Sales General And Administrative To Revenue is likely to drop 0.21.

	2021	2022	2023	2024 (projected)
Gross Profit	34.3M	53.7M	47.7M	50.0M
Total Revenue	63.2M	84.1M	69.0M	72.4M

Gross Profit Total Revenue

Altius Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Investments	Short Term Debt	Accounts Payable	Other Stockholder Equity	Short Long Term Debt Total	Non Currrent Assets Other	Inventory
Total Assets		0.46	0.39	0.97	0.8	0.12	-0.45	0.71	0.97	0.22	0.86	0.74	0.8	0.89	0.58	0.84	0.9	0.3	0.83	-0.17	-0.36	0.47	0.18	0.4	0.0	0.03
Other Current Liab	0.46		0.19	0.42	0.48	0.01	-0.22	0.29	0.42	0.29	0.58	0.37	0.42	0.43	0.31	0.41	0.56	0.35	0.42	0.35	-0.02	0.3	0.31	0.37	-0.33	0.4
Total Current Liabilities	0.39	0.19		0.28	0.41	0.84	-0.23	-0.21	0.54	-0.46	0.28	0.38	0.4	0.69	0.14	0.77	0.33	-0.41	0.33	-0.33	-0.27	0.92	-0.08	0.37	0.19	0.41
Total Stockholder Equity	0.97	0.42	0.28		0.75	-0.01	-0.33	0.73	0.9	0.34	0.82	0.76	0.85	0.78	0.64	0.73	0.85	0.43	0.83	-0.08	-0.21	0.4	0.16	0.44	0.06	0.04
Property Plant And Equipment Net	0.8	0.48	0.41	0.75		0.31	-0.77	0.36	0.85	-0.07	0.86	0.85	0.78	0.86	0.39	0.82	0.94	0.02	0.84	-0.27	-0.48	0.4	0.02	0.19	0.35	0.05
Net Debt	0.12	0.01	0.84	-0.01	0.31		-0.28	-0.57	0.34	-0.78	0.08	0.28	0.22	0.51	-0.22	0.59	0.12	-0.75	0.2	-0.5	-0.4	0.58	-0.13	0.08	0.4	0.39
Retained Earnings	-0.45	-0.22	-0.23	-0.33	-0.77	-0.28		-0.16	-0.56	0.39	-0.53	-0.62	-0.4	-0.61	-0.22	-0.57	-0.74	0.32	-0.62	0.55	0.79	-0.19	-0.07	0.39	-0.25	0.07
Cash	0.71	0.29	-0.21	0.73	0.36	-0.57	-0.16		0.53	0.69	0.56	0.3	0.38	0.38	0.53	0.29	0.59	0.71	0.43	0.18	-0.05	0.01	0.24	0.27	-0.38	-0.28
Non Current Assets Total	0.97	0.42	0.54	0.9	0.85	0.34	-0.56	0.53		-0.03	0.82	0.79	0.81	0.96	0.48	0.93	0.9	0.06	0.85	-0.35	-0.52	0.55	0.14	0.3	0.12	0.13
Cash And Short Term Investments	0.22	0.29	-0.46	0.34	-0.07	-0.78	0.39	0.69	-0.03		0.26	-0.03	0.14	-0.17	0.37	-0.23	0.09	0.99	0.06	0.7	0.62	-0.19	0.16	0.52	-0.42	-0.25
Net Receivables	0.86	0.58	0.28	0.82	0.86	0.08	-0.53	0.56	0.82	0.26		0.68	0.7	0.76	0.65	0.71	0.9	0.35	0.77	-0.08	-0.21	0.39	0.13	0.39	0.11	-0.13
Common Stock Total Equity	0.74	0.37	0.38	0.76	0.85	0.28	-0.62	0.3	0.79	-0.03	0.68		0.95	0.75	0.41	0.72	0.82	0.08	0.97	-0.31	-0.46	0.4	0.05	0.13	0.43	0.26
Common Stock Shares Outstanding	0.8	0.42	0.4	0.85	0.78	0.22	-0.4	0.38	0.81	0.14	0.7	0.95		0.74	0.48	0.71	0.78	0.24	0.95	-0.18	-0.27	0.45	0.06	0.36	0.35	0.3
Non Current Liabilities Total	0.89	0.43	0.69	0.78	0.86	0.51	-0.61	0.38	0.96	-0.17	0.76	0.75	0.74		0.35	0.99	0.86	-0.09	0.77	-0.33	-0.54	0.65	0.11	0.31	0.13	0.17
Other Current Assets	0.58	0.31	0.14	0.64	0.39	-0.22	-0.22	0.53	0.48	0.37	0.65	0.41	0.48	0.35		0.33	0.58	0.44	0.52	-0.1	-0.01	0.4	0.12	0.16	-0.1	-0.19
Total Liab	0.84	0.41	0.77	0.73	0.82	0.59	-0.57	0.29	0.93	-0.23	0.71	0.72	0.71	0.99	0.33		0.81	-0.15	0.73	-0.35	-0.52	0.73	0.08	0.33	0.15	0.22
Property Plant And Equipment Gross	0.9	0.56	0.33	0.85	0.94	0.12	-0.74	0.59	0.9	0.09	0.9	0.82	0.78	0.86	0.58	0.81		0.18	0.87	-0.23	-0.51	0.42	0.16	0.14	0.12	0.03
Total Current Assets	0.3	0.35	-0.41	0.43	0.02	-0.75	0.32	0.71	0.06	0.99	0.35	0.08	0.24	-0.09	0.44	-0.15	0.18		0.17	0.67	0.57	-0.12	0.18	0.52	-0.38	-0.22
Common Stock	0.83	0.42	0.33	0.83	0.84	0.2	-0.62	0.43	0.85	0.06	0.77	0.97	0.95	0.77	0.52	0.73	0.87	0.17		-0.35	-0.48	0.36	0.11	0.16	0.3	0.19
Short Term Investments	-0.17	0.35	-0.33	-0.08	-0.27	-0.5	0.55	0.18	-0.35	0.7	-0.08	-0.31	-0.18	-0.33	-0.1	-0.35	-0.23	0.67	-0.35		0.76	-0.15	0.18	0.47	-0.37	-0.01
Short Term Debt	-0.36	-0.02	-0.27	-0.21	-0.48	-0.4	0.79	-0.05	-0.52	0.62	-0.21	-0.46	-0.27	-0.54	-0.01	-0.52	-0.51	0.57	-0.48	0.76		-0.14	-0.09	0.58	-0.17	-0.15
Accounts Payable	0.47	0.3	0.92	0.4	0.4	0.58	-0.19	0.01	0.55	-0.19	0.39	0.4	0.45	0.65	0.4	0.73	0.42	-0.12	0.36	-0.15	-0.14		-0.02	0.44	0.06	0.37
Other Stockholder Equity	0.18	0.31	-0.08	0.16	0.02	-0.13	-0.07	0.24	0.14	0.16	0.13	0.05	0.06	0.11	0.12	0.08	0.16	0.18	0.11	0.18	-0.09	-0.02		0.01	-0.49	-0.09
Short Long Term Debt Total	0.4	0.37	0.37	0.44	0.19	0.08	0.39	0.27	0.3	0.52	0.39	0.13	0.36	0.31	0.16	0.33	0.14	0.52	0.16	0.47	0.58	0.44	0.01		-0.12	0.12
Non Currrent Assets Other	0.0	-0.33	0.19	0.06	0.35	0.4	-0.25	-0.38	0.12	-0.42	0.11	0.43	0.35	0.13	-0.1	0.15	0.12	-0.38	0.3	-0.37	-0.17	0.06	-0.49	-0.12		0.12
Inventory	0.03	0.4	0.41	0.04	0.05	0.39	0.07	-0.28	0.13	-0.25	-0.13	0.26	0.3	0.17	-0.19	0.22	0.03	-0.22	0.19	-0.01	-0.15	0.37	-0.09	0.12	0.12

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Altius Minerals Account Relationship Matchups

Altius Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	566.9M	589.6M	721.4M	780.6M	773.5M	812.2M
Other Current Liab	443K	4.7M	5.6M	6.0M	734K	697.3K
Total Current Liabilities	26.8M	31.5M	19.6M	19.7M	12.9M	12.3M
Total Stockholder Equity	385.2M	362.9M	433.5M	486.2M	488.7M	513.2M
Property Plant And Equipment Net	269.3M	288.6M	260.9M	238.5M	206.7M	217.1M
Net Debt	85.7M	111.2M	15.2M	38.5M	(18.2M)	(17.3M)
Retained Earnings	10.1M	(31.9M)	12.6M	24.7M	13.3M	12.7M
Cash	22.1M	21.8M	100.0M	82.4M	130.4M	136.9M
Non Current Assets Total	529.0M	554.0M	606.5M	676.4M	628.8M	660.2M
Cash And Short Term Investments	22.1M	21.8M	100.0M	82.4M	130.4M	70.5M
Net Receivables	15.8M	13.8M	14.9M	21.8M	14.3M	15.0M
Common Stock Shares Outstanding	43.0M	41.6M	42.6M	47.2M	48.3M	33.6M
Liabilities And Stockholders Equity	566.9M	589.6M	721.4M	780.6M	773.5M	812.2M
Non Current Liabilities Total	140.1M	174.3M	172.8M	152.1M	148.1M	155.5M
Other Current Assets	6.7M	2.0M	2.3M	10.8M	7.4M	7.7M
Total Liab	166.9M	205.8M	192.4M	171.8M	161M	169.1M
Property Plant And Equipment Gross	269.3M	288.6M	360.7M	359.6M	304.3M	319.6M
Total Current Assets	37.9M	35.6M	114.9M	104.1M	144.7M	77.8M
Common Stock	262.7M	259.3M	260.8M	358.7M	355.3M	199.6M
Accounts Payable	6.4M	6.9M	6.1M	5.6M	4.2M	3.7M
Other Stockholder Equity	55.4M	75.3M	99.0M	90.4M	11.5M	19.4M
Accumulated Other Comprehensive Income	55.4M	78.4M	103.0M	102.8M	108.6M	114.1M
Short Long Term Debt Total	107.8M	133.0M	115.2M	120.9M	112.2M	94.5M
Non Currrent Assets Other	529.0M	1K	9.1M	2.1M	8.0M	7.6M
Other Liab	50.8M	59.0M	64.7M	38.4M	44.2M	43.8M
Net Tangible Assets	320.0M	299.8M	376.4M	486.2M	559.1M	354.0M
Other Assets	6.0M	8.5M	7.8M	8.9M	10.3M	6.8M
Long Term Debt	87.8M	113.0M	107.2M	112.9M	104.2M	96.6M
Long Term Investments	245.6M	250.9M	337.8M	429.1M	398.2M	346.2M
Property Plant Equipment	13.9M	15.5M	10.0M	238.5M	274.2M	287.9M
Long Term Debt Total	87.8M	113.0M	107.2M	112.9M	129.8M	94.7M
Net Invested Capital	436.0M	438.8M	491.6M	599.1M	592.9M	525.9M
Cash And Equivalents	22.1M	50K	8.7M	82.4M	94.7M	99.5M
Net Working Capital	11.1M	4.1M	95.2M	84.5M	131.8M	138.4M
Capital Stock	319.7M	316.4M	317.9M	358.7M	355.3M	365.3M

Pair Trading with Altius Minerals

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 Altius Minerals 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 Altius Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Altius Stock

0.7	AG	First Majestic Silver	Pair Corr
0.63	IE	Ivanhoe Energy	Pair Corr
0.62	FDY	Faraday Copper Corp	Pair Corr

Moving against Altius Stock

0.7	PNC-B	Postmedia Network Canada	Pair Corr
0.53	INFM	Infinico Metals Corp	Pair Corr

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

The correlation of Altius Minerals 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 Altius Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altius Minerals 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 Altius Minerals 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 Altius Stock

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

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Altius Price To Sales Ratio vs Ptb Ratio Analysis

Price To Sales Ratio vs Ptb Ratio

Price To Sales Ratio vs Ptb Ratio Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Ptb Ratio

Altius Minerals fundamental ratios Correlations

Altius Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altius Minerals fundamental ratios Accounts

Pair Trading with Altius Minerals

Moving together with Altius Stock

Moving against Altius Stock

Other Information on Investing in Altius Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.99	Cash And Short Term Investments
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Common Stock	+ 0.97	Common Stock Total Equity
Non Current Liabilities Total	+ 0.96	Non Current Assets Total

Cash And Short Term Investments	- 0.78	Net Debt
Retained Earnings	- 0.77	Property Plant And Equipment Net
Total Current Assets	- 0.75	Net Debt
Property Plant And Equipment Gross	- 0.74	Retained Earnings
Common Stock	- 0.62	Retained Earnings
Common Stock Total Equity	- 0.62	Retained Earnings