| CENX Stock | | | USD 23.24 0.75 3.33% |
Century Aluminum financial indicator trend analysis is way more than just evaluating Century Aluminum prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Century Aluminum is a good investment. Please check the relationship between Century Aluminum Total Liab and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Aluminum. 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.
For more information on how to buy Century Stock please use our
How to Invest in Century Aluminum guide.
Total Liab vs Cash
Total Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Century Aluminum Total Liab account and
Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Century Aluminum's Total Liab and Cash is 0.03. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Century Aluminum, assuming nothing else is changed. The correlation between historical values of Century Aluminum's Total Liab and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Century Aluminum are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Liab i.e., Century Aluminum's Total Liab and Cash go up and down completely randomly.
Correlation Coefficient | 0.03 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Cash
Cash refers to the most liquid asset of Century Aluminum, which is listed under current asset account on Century Aluminum balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Century Aluminum customers. The amounts must be unrestricted with restricted cash listed in a different Century Aluminum 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.
Most indicators from Century Aluminum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Century Aluminum 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 Century Aluminum. 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.
For more information on how to buy Century Stock please use our
How to Invest in Century Aluminum guide.At this time, Century Aluminum's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 37.17 in 2024, whereas
Selling General Administrative is likely to drop slightly above 6.3
M in 2024.
Century Aluminum fundamental ratios Correlations
Click cells to compare fundamentals
Century Aluminum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Century Aluminum fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Century Stock Analysis
When running Century Aluminum's price analysis, check to
measure Century Aluminum'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 Century Aluminum is operating at the current time. Most of Century Aluminum's value examination focuses on studying past and present price action to
predict the probability of Century Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Aluminum's price. Additionally, you may evaluate how the addition of Century Aluminum to your portfolios can decrease your overall portfolio volatility.