Aris Long Term Investments vs Net Working Capital Analysis
ARMN Stock | 4.17 0.04 0.97% |
Aris Mining financial indicator trend analysis is way more than just evaluating Aris Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aris Mining is a good investment. Please check the relationship between Aris Mining Long Term Investments and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Aris Stock, please use our How to Invest in Aris Mining guide.
Long Term Investments vs Net Working Capital
Long Term Investments vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aris Mining Long Term Investments account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Aris Mining's Long Term Investments and Net Working Capital is 0.91. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Aris Mining, assuming nothing else is changed. The correlation between historical values of Aris Mining's Long Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Aris Mining are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Investments i.e., Aris Mining's Long Term Investments and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Aris Mining balance sheet that represents investments Aris Mining intends to hold for over a year. Aris Mining long term investments may include different instruments such as stocks, bonds, real estate and cash.Net Working Capital
Most indicators from Aris Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aris Mining 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 Aris Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Aris Stock, please use our How to Invest in Aris Mining guide.At this time, Aris Mining's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Tax Provision is likely to grow to about 54.3 M, while Sales General And Administrative To Revenue is likely to drop 0.04.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 212.6M | 228.0M | 314.9M | 177.5M | Depreciation And Amortization | 31.3M | 33.5M | 36.5M | 22.3M |
Aris Mining fundamental ratios Correlations
Click cells to compare fundamentals
Aris Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aris Mining fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 359.4M | 650.6M | 998.4M | 1.2B | 1.4B | 1.4B | |
Other Current Liab | 47.2M | 89.2M | 11.2M | 11.7M | 33.6M | 22.5M | |
Total Current Liabilities | 86.8M | 178.4M | 64.3M | 145.3M | 134.2M | 140.9M | |
Total Stockholder Equity | 117.6M | 153.7M | 478.5M | 501.4M | 621.5M | 652.5M | |
Property Plant And Equipment Net | 207.5M | 302.6M | 455.8M | 749.1M | 938.6M | 985.6M | |
Net Debt | 8.0M | 22.6M | (5.5M) | 136.6M | 188.3M | 197.7M | |
Retained Earnings | (395.4M) | (383.2M) | (212.4M) | (221.4M) | (215.4M) | (226.2M) | |
Accounts Payable | 20.9M | 34.5M | 23.8M | 37.9M | 55.5M | 58.3M | |
Cash | 84.2M | 122.5M | 323.6M | 299.5M | 193.6M | 203.3M | |
Non Current Assets Total | 222.5M | 321.9M | 616.4M | 863.9M | 1.1B | 1.1B | |
Cash And Short Term Investments | 84.2M | 122.5M | 323.6M | 299.5M | 194.6M | 204.4M | |
Net Receivables | 15.3M | 24.2M | 80K | 48.5M | 3.5M | 3.3M | |
Common Stock Shares Outstanding | 49.5M | 60.7M | 94.9M | 108.2M | 137.1M | 143.9M | |
Liabilities And Stockholders Equity | 359.4M | 650.6M | 998.4M | 1.2B | 1.4B | 1.4B | |
Other Stockholder Equity | 176.1M | 180.5M | 177.3M | 180.7M | 178.6M | 142.1M | |
Total Liab | 241.8M | 454.3M | 519.9M | 740.7M | 728.2M | 764.6M | |
Total Current Assets | 136.9M | 328.7M | 382.0M | 378.2M | 289.1M | 303.6M | |
Short Long Term Debt Total | 92.3M | 145.2M | 318.1M | 436.1M | 382.9M | 402.1M | |
Short Term Debt | 18.7M | 14.3M | 9.9M | 69.4M | 38.8M | 34.2M | |
Non Currrent Assets Other | 4.3M | 8.8M | 14.1M | 1.2M | 9.9M | 6.3M | |
Non Current Liabilities Total | 154.9M | 275.9M | 455.5M | 595.5M | 594.0M | 623.7M | |
Inventory | 24.3M | 30.4M | 22.4M | 26.6M | 38.9M | 20.1M | |
Other Current Assets | 13.0M | 151.6M | 35.9M | 38.5M | 52.1M | 34.9M | |
Accumulated Other Comprehensive Income | (109.0M) | (115.8M) | (122.7M) | (183.1M) | (61.5M) | (64.5M) | |
Common Stock | 446.0M | 472.2M | 626.0M | 715.0M | 719.8M | 516.7M |
Pair Trading with Aris Mining
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 Aris Mining 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 Aris Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Aris Stock
Moving against Aris Stock
0.46 | RS | Reliance Steel Aluminum | PairCorr |
0.46 | CMC | Commercial Metals | PairCorr |
0.31 | GGB | Gerdau SA ADR Potential Growth | PairCorr |
The ability to find closely correlated positions to Aris Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aris Mining 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 Aris Mining - 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 Aris Mining to buy it.
The correlation of Aris Mining 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 Aris Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aris Mining 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 Aris Mining 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Aris Stock, please use our How to Invest in Aris Mining guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aris Mining. If investors know Aris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aris Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.495 | Earnings Share (0.03) | Revenue Per Share 3.249 | Quarterly Revenue Growth 0.157 | Return On Assets 0.0422 |
The market value of Aris Mining is measured differently than its book value, which is the value of Aris that is recorded on the company's balance sheet. Investors also form their own opinion of Aris Mining's value that differs from its market value or its book value, called intrinsic value, which is Aris Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aris Mining's market value can be influenced by many factors that don't directly affect Aris Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aris Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aris Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aris Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.