ATI Non Recurring vs Selling General Administrative Analysis

ATIP Stock  USD 1.76  0.06  3.30%   
ATI Physical financial indicator trend analysis is way more than just evaluating ATI Physical Therapy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ATI Physical Therapy is a good investment. Please check the relationship between ATI Physical Non Recurring and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATI Physical Therapy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Non Recurring vs Selling General Administrative

Non Recurring vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ATI Physical Therapy Non Recurring account and Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ATI Physical's Non Recurring and Selling General Administrative is -0.32. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of ATI Physical Therapy, assuming nothing else is changed. The correlation between historical values of ATI Physical's Non Recurring and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Recurring of ATI Physical Therapy are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Non Recurring i.e., ATI Physical's Non Recurring and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.32
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Recurring

Selling General Administrative

Most indicators from ATI Physical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ATI Physical Therapy 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 ATI Physical Therapy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
At this time, ATI Physical's Selling General Administrative is relatively stable compared to the past year. As of 11/25/2024, Sales General And Administrative To Revenue is likely to grow to 0.21, while Tax Provision is likely to drop (5 M).
 2021 2022 2023 2024 (projected)
Gross Profit110.4M75.1M96.8M96.4M
Total Revenue627.9M635.7M699.0M534.4M

ATI Physical fundamental ratios Correlations

0.980.89-0.680.970.95-0.88-0.60.990.98-0.810.011.00.390.630.010.250.97-0.980.97-0.93-0.88-0.850.960.02-0.84
0.980.9-0.650.950.92-0.91-0.580.990.96-0.820.10.980.290.640.10.220.97-0.950.99-0.91-0.82-0.890.980.16-0.82
0.890.9-0.580.860.79-0.93-0.670.910.87-0.76-0.070.890.550.29-0.070.60.89-0.850.86-0.78-0.83-0.80.850.04-0.82
-0.68-0.65-0.58-0.76-0.770.770.92-0.74-0.790.930.54-0.7-0.06-0.710.54-0.36-0.790.77-0.630.820.420.82-0.550.470.94
0.970.950.86-0.760.99-0.86-0.70.981.0-0.82-0.170.980.410.7-0.170.30.99-0.990.91-0.98-0.88-0.820.89-0.13-0.88
0.950.920.79-0.770.99-0.81-0.690.950.98-0.81-0.20.960.370.77-0.20.220.98-0.980.88-0.99-0.85-0.790.86-0.17-0.86
-0.88-0.91-0.930.77-0.86-0.810.79-0.93-0.890.940.11-0.88-0.26-0.480.11-0.5-0.920.87-0.890.820.660.96-0.86-0.020.93
-0.6-0.58-0.670.92-0.7-0.690.79-0.69-0.720.870.69-0.63-0.28-0.460.69-0.67-0.740.69-0.520.730.450.73-0.440.540.92
0.990.990.91-0.740.980.95-0.93-0.690.99-0.87-0.060.980.340.65-0.060.310.99-0.970.96-0.95-0.83-0.90.940.01-0.89
0.980.960.87-0.791.00.98-0.89-0.720.99-0.87-0.150.980.350.72-0.150.291.0-0.990.94-0.98-0.84-0.870.91-0.1-0.9
-0.81-0.82-0.760.93-0.82-0.810.940.87-0.87-0.870.27-0.81-0.04-0.670.27-0.37-0.880.83-0.810.850.50.97-0.760.150.96
0.010.1-0.070.54-0.17-0.20.110.69-0.06-0.150.27-0.03-0.34-0.091.0-0.59-0.150.150.190.230.080.030.270.930.42
1.00.980.89-0.70.980.96-0.88-0.630.980.98-0.81-0.030.410.64-0.030.270.98-0.990.96-0.94-0.88-0.850.94-0.03-0.86
0.390.290.55-0.060.410.37-0.26-0.280.340.35-0.04-0.340.41-0.24-0.340.660.35-0.420.21-0.3-0.750.00.21-0.4-0.3
0.630.640.29-0.710.70.77-0.48-0.460.650.72-0.67-0.090.64-0.24-0.09-0.320.69-0.670.64-0.8-0.37-0.640.62-0.07-0.58
0.010.1-0.070.54-0.17-0.20.110.69-0.06-0.150.271.0-0.03-0.34-0.09-0.59-0.150.150.190.230.080.030.270.930.42
0.250.220.6-0.360.30.22-0.5-0.670.310.29-0.37-0.590.270.66-0.32-0.590.32-0.290.13-0.22-0.37-0.270.09-0.44-0.52
0.970.970.89-0.790.990.98-0.92-0.740.991.0-0.88-0.150.980.350.69-0.150.32-0.980.94-0.98-0.83-0.890.91-0.08-0.91
-0.98-0.95-0.850.77-0.99-0.980.870.69-0.97-0.990.830.15-0.99-0.42-0.670.15-0.29-0.98-0.930.960.880.84-0.90.150.89
0.970.990.86-0.630.910.88-0.89-0.520.960.94-0.810.190.960.210.640.190.130.94-0.93-0.88-0.77-0.90.990.22-0.79
-0.93-0.91-0.780.82-0.98-0.990.820.73-0.95-0.980.850.23-0.94-0.3-0.80.23-0.22-0.980.96-0.880.790.82-0.850.180.88
-0.88-0.82-0.830.42-0.88-0.850.660.45-0.83-0.840.50.08-0.88-0.75-0.370.08-0.37-0.830.88-0.770.790.53-0.770.120.65
-0.85-0.89-0.80.82-0.82-0.790.960.73-0.9-0.870.970.03-0.850.0-0.640.03-0.27-0.890.84-0.90.820.53-0.86-0.080.9
0.960.980.85-0.550.890.86-0.86-0.440.940.91-0.760.270.940.210.620.270.090.91-0.90.99-0.85-0.77-0.860.3-0.72
0.020.160.040.47-0.13-0.17-0.020.540.01-0.10.150.93-0.03-0.4-0.070.93-0.44-0.080.150.220.180.12-0.080.30.34
-0.84-0.82-0.820.94-0.88-0.860.930.92-0.89-0.90.960.42-0.86-0.3-0.580.42-0.52-0.910.89-0.790.880.650.9-0.720.34
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ATI Physical Account Relationship Matchups

Pair Trading with ATI Physical

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 ATI Physical 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 ATI Physical will appreciate offsetting losses from the drop in the long position's value.

Moving together with ATI Stock

  0.66FIGS Figs IncPairCorr

Moving against ATI Stock

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  0.6ENOV Enovis CorpPairCorr
  0.46VMD Viemed HealthcarePairCorr
The ability to find closely correlated positions to ATI Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATI Physical 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 ATI Physical - 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 ATI Physical Therapy to buy it.
The correlation of ATI Physical 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 ATI Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATI Physical Therapy 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 ATI Physical 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

Additional Tools for ATI Stock Analysis

When running ATI Physical's price analysis, check to measure ATI Physical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ATI Physical is operating at the current time. Most of ATI Physical's value examination focuses on studying past and present price action to predict the probability of ATI Physical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATI Physical's price. Additionally, you may evaluate how the addition of ATI Physical to your portfolios can decrease your overall portfolio volatility.