| ATLX Stock | | | USD 7.09 0.05 0.70% |
Atlas Lithium financial indicator trend analysis is way more than just evaluating Atlas Lithium prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlas Lithium is a good investment. Please check the relationship between Atlas Lithium Minority Interest and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Lithium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Atlas Stock please use our
How to Invest in Atlas Lithium guide.
Minority Interest vs Income Before Tax
Minority Interest vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Atlas Lithium Minority Interest account and
Income Before Tax. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Atlas Lithium's Minority Interest and Income Before Tax is -0.65. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Atlas Lithium, assuming nothing else is changed. The correlation between historical values of Atlas Lithium's Minority Interest and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Atlas Lithium are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Minority Interest i.e., Atlas Lithium's Minority Interest and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.65 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Atlas Lithium whose combined shares represent less than 50% of the total outstanding shares issued by Atlas Lithium have a minority interest in Atlas Lithium.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Atlas Lithium income statement and is an important metric when analyzing Atlas Lithium profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Atlas Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlas Lithium 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 Atlas Lithium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Atlas Stock please use our
How to Invest in Atlas Lithium guide.At this time, Atlas Lithium's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 22.9
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(7.29) in 2024.
Atlas Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Atlas Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Atlas Lithium fundamental ratios Accounts
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Additional Tools for Atlas Stock Analysis
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measure Atlas Lithium'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 Atlas Lithium is operating at the current time. Most of Atlas Lithium's value examination focuses on studying past and present price action to
predict the probability of Atlas Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Lithium's price. Additionally, you may evaluate how the addition of Atlas Lithium to your portfolios can decrease your overall portfolio volatility.