| CENX Stock | | | USD 22.62 0.01 0.04% |
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 Stockholder Equity and its Cash And Short Term Investments 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 Stockholder Equity vs Cash And Short Term Investments
Total Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Century Aluminum Total Stockholder Equity account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Century Aluminum's Total Stockholder Equity and Cash And Short Term Investments is 0.74. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash And Short Term Investments 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 Stockholder Equity and Cash And Short Term Investments 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 Stockholder Equity of Century Aluminum are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Century Aluminum's Total Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Century Aluminum balance sheet. This account contains Century Aluminum investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Century Aluminum fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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
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Additional Tools for Century Stock Analysis
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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.