Haynes Non Current Assets Total vs Total Stockholder Equity Analysis

HAYN Stock

USD 60.99 0.02 0.03%

Haynes International financial indicator trend analysis is much more than just examining Haynes International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Haynes International is a good investment. Please check the relationship between Haynes International Non Current Assets Total and its Total Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haynes International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Haynes Stock, please use our How to Invest in Haynes International guide.

Non Current Assets Total vs Total Stockholder Equity

Non Current Assets Total vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Haynes International Non Current Assets Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Haynes International's Non Current Assets Total and Total Stockholder Equity is 0.51. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Haynes International, assuming nothing else is changed. The correlation between historical values of Haynes International's Non Current Assets Total and Total Stockholder Equity 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 Current Assets Total of Haynes International are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Current Assets Total i.e., Haynes International's Non Current Assets Total and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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.

Most indicators from Haynes International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Haynes International 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haynes International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Haynes Stock, please use our How to Invest in Haynes International guide.At this time, Haynes International's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 13.54, while Selling General Administrative is likely to drop about 40.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	106.3M	109.8M	126.2M	71.7M
Total Revenue	490.5M	590.0M	678.4M	420.6M

Gross Profit Total Revenue

Haynes International fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Current Deferred Revenue	Short Term Debt	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		-0.26	0.17	0.49	0.83	0.76	-0.27	0.88	0.58	0.2	0.67	-0.22	0.2	0.75	0.86	-0.07	0.63	0.94	0.1	0.47	0.93	0.33	-0.03	-0.86	-0.86	0.17
Short Long Term Debt Total	-0.26		0.1	0.15	-0.2	-0.65	0.95	-0.47	0.35	-0.79	-0.76	0.67	-0.79	0.2	-0.01	-0.21	0.25	-0.44	-0.17	0.35	0.04	-0.4	-0.31	0.58	0.58	-0.79
Other Current Liab	0.17	0.1		0.67	0.15	-0.18	0.19	0.09	0.44	-0.32	-0.12	0.16	-0.32	0.48	0.21	-0.09	0.29	0.11	0.15	0.25	0.28	-0.01	-0.12	-0.11	-0.11	-0.07
Total Current Liabilities	0.49	0.15	0.67		0.56	0.06	0.24	0.41	0.87	-0.33	0.0	0.22	-0.33	0.67	0.45	-0.46	0.63	0.41	-0.15	0.67	0.61	0.02	-0.09	-0.44	-0.44	-0.33
Total Stockholder Equity	0.83	-0.2	0.15	0.56		0.57	-0.08	0.91	0.56	0.04	0.51	0.07	0.04	0.66	0.83	-0.42	0.88	0.76	-0.26	0.76	0.78	0.12	-0.11	-0.87	-0.87	0.08
Property Plant And Equipment Net	0.76	-0.65	-0.18	0.06	0.57		-0.65	0.76	0.13	0.48	0.95	-0.48	0.48	0.2	0.54	0.17	0.2	0.82	0.22	0.09	0.5	0.43	-0.09	-0.8	-0.8	0.54
Net Debt	-0.27	0.95	0.19	0.24	-0.08	-0.65		-0.39	0.38	-0.9	-0.75	0.77	-0.9	0.22	0.03	-0.33	0.39	-0.44	-0.28	0.46	0.02	-0.49	-0.39	0.5	0.5	-0.76
Retained Earnings	0.88	-0.47	0.09	0.41	0.91	0.76	-0.39		0.34	0.35	0.76	-0.32	0.35	0.59	0.72	-0.08	0.66	0.82	0.06	0.46	0.73	0.38	0.08	-0.95	-0.95	0.42
Accounts Payable	0.58	0.35	0.44	0.87	0.56	0.13	0.38	0.34		-0.43	-0.05	0.36	-0.43	0.73	0.66	-0.56	0.67	0.49	-0.31	0.75	0.75	-0.13	-0.17	-0.35	-0.35	-0.56
Cash	0.2	-0.79	-0.32	-0.33	0.04	0.48	-0.9	0.35	-0.43		0.62	-0.76	1.0	-0.23	-0.06	0.35	-0.38	0.3	0.27	-0.41	-0.04	0.56	0.51	-0.36	-0.36	0.69
Non Current Assets Total	0.67	-0.76	-0.12	0.0	0.51	0.95	-0.75	0.76	-0.05	0.62		-0.62	0.62	0.11	0.41	0.34	0.12	0.71	0.38	-0.03	0.36	0.56	0.03	-0.77	-0.77	0.76
Non Currrent Assets Other	-0.22	0.67	0.16	0.22	0.07	-0.48	0.77	-0.32	0.36	-0.76	-0.62		-0.76	0.04	0.19	-0.63	0.42	-0.2	-0.62	0.6	0.02	-0.59	-0.64	0.27	0.27	-0.74
Cash And Short Term Investments	0.2	-0.79	-0.32	-0.33	0.04	0.48	-0.9	0.35	-0.43	1.0	0.62	-0.76		-0.23	-0.06	0.35	-0.38	0.3	0.27	-0.41	-0.04	0.56	0.51	-0.36	-0.36	0.69
Net Receivables	0.75	0.2	0.48	0.67	0.66	0.2	0.22	0.59	0.73	-0.23	0.11	0.04	-0.23		0.73	-0.23	0.72	0.59	-0.01	0.52	0.89	0.03	0.12	-0.5	-0.5	-0.21
Common Stock Shares Outstanding	0.86	-0.01	0.21	0.45	0.83	0.54	0.03	0.72	0.66	-0.06	0.41	0.19	-0.06	0.73		-0.34	0.79	0.8	-0.22	0.69	0.89	0.06	-0.23	-0.69	-0.69	-0.08
Non Current Liabilities Total	-0.07	-0.21	-0.09	-0.46	-0.42	0.17	-0.33	-0.08	-0.56	0.35	0.34	-0.63	0.35	-0.23	-0.34		-0.49	-0.14	0.95	-0.68	-0.25	0.53	0.15	0.17	0.17	0.66
Inventory	0.63	0.25	0.29	0.63	0.88	0.2	0.39	0.66	0.67	-0.38	0.12	0.42	-0.38	0.72	0.79	-0.49		0.49	-0.31	0.9	0.72	-0.09	-0.29	-0.57	-0.57	-0.23
Other Stockholder Equity	0.94	-0.44	0.11	0.41	0.76	0.82	-0.44	0.82	0.49	0.3	0.71	-0.2	0.3	0.59	0.8	-0.14	0.49		-0.01	0.38	0.85	0.28	-0.08	-0.9	-0.9	0.19
Total Liab	0.1	-0.17	0.15	-0.15	-0.26	0.22	-0.28	0.06	-0.31	0.27	0.38	-0.62	0.27	-0.01	-0.22	0.95	-0.31	-0.01		-0.52	-0.05	0.61	0.14	0.03	0.03	0.61
Property Plant And Equipment Gross	0.47	0.35	0.25	0.67	0.76	0.09	0.46	0.46	0.75	-0.41	-0.03	0.6	-0.41	0.52	0.69	-0.68	0.9	0.38	-0.52		0.6	-0.15	-0.44	-0.43	-0.43	-0.46
Total Current Assets	0.93	0.04	0.28	0.61	0.78	0.5	0.02	0.73	0.75	-0.04	0.36	0.02	-0.04	0.89	0.89	-0.25	0.72	0.85	-0.05	0.6		0.14	-0.05	-0.71	-0.71	-0.16
Current Deferred Revenue	0.33	-0.4	-0.01	0.02	0.12	0.43	-0.49	0.38	-0.13	0.56	0.56	-0.59	0.56	0.03	0.06	0.53	-0.09	0.28	0.61	-0.15	0.14		0.18	-0.33	-0.33	0.59
Short Term Debt	-0.03	-0.31	-0.12	-0.09	-0.11	-0.09	-0.39	0.08	-0.17	0.51	0.03	-0.64	0.51	0.12	-0.23	0.15	-0.29	-0.08	0.14	-0.44	-0.05	0.18		0.0	0.0	0.26
Common Stock Total Equity	-0.86	0.58	-0.11	-0.44	-0.87	-0.8	0.5	-0.95	-0.35	-0.36	-0.77	0.27	-0.36	-0.5	-0.69	0.17	-0.57	-0.9	0.03	-0.43	-0.71	-0.33	0.0		1.0	-0.38
Common Stock	-0.86	0.58	-0.11	-0.44	-0.87	-0.8	0.5	-0.95	-0.35	-0.36	-0.77	0.27	-0.36	-0.5	-0.69	0.17	-0.57	-0.9	0.03	-0.43	-0.71	-0.33	0.0	1.0		-0.38
Other Liab	0.17	-0.79	-0.07	-0.33	0.08	0.54	-0.76	0.42	-0.56	0.69	0.76	-0.74	0.69	-0.21	-0.08	0.66	-0.23	0.19	0.61	-0.46	-0.16	0.59	0.26	-0.38	-0.38

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Haynes International Account Relationship Matchups

Haynes International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	560.7M	546.5M	632.3M	706.3M	812.2M	505.8M
Short Long Term Debt Total	1.7M	664K	75.3M	115.5M	104.0M	60.4M
Other Current Liab	15.2M	23.4M	22.4M	20.8M	24.0M	22.2M
Total Current Liabilities	38.2M	74.2M	80.9M	76.8M	69.1M	67.8M
Total Stockholder Equity	301.5M	343.3M	375.5M	434.3M	499.5M	524.4M
Property Plant And Equipment Net	159.8M	147.2M	142.8M	142.5M	163.9M	116.9M
Net Debt	(45.5M)	(47.1M)	66.9M	104.8M	94.3M	99.0M
Retained Earnings	120.9M	101.0M	135.0M	165.8M	190.7M	200.2M
Accounts Payable	17.6M	47.7M	54.9M	52.8M	60.7M	35.6M
Cash	47.2M	47.7M	8.4M	10.7M	12.3M	11.7M
Non Current Assets Total	209.2M	184.8M	167.9M	167.1M	192.2M	175.2M
Non Currrent Assets Other	9.0M	10.8M	9.7M	10.5M	12.1M	12.7M
Cash And Short Term Investments	47.2M	47.7M	8.4M	10.7M	12.3M	11.7M
Net Receivables	54.9M	59.3M	94.9M	108.7M	125.0M	77.9M
Common Stock Shares Outstanding	12.5M	12.5M	12.5M	12.8M	14.7M	12.6M
Liabilities And Stockholders Equity	560.7M	546.5M	632.3M	706.3M	812.2M	505.8M
Non Current Liabilities Total	221.0M	128.9M	175.9M	195.2M	175.7M	162.5M
Inventory	246.1M	248.5M	357.6M	414.1M	476.2M	500.0M
Other Stockholder Equity	255.1M	254.6M	251.5M	262.1M	301.4M	174.9M
Total Liab	259.2M	203.1M	256.8M	272.0M	244.8M	230.3M
Property Plant And Equipment Gross	159.8M	366.0M	378.6M	395.7M	455.1M	477.8M
Total Current Assets	351.5M	361.6M	464.4M	539.2M	620.0M	320.1M
Accumulated Other Comprehensive Income	(74.6M)	(12.3M)	(11.1M)	6.4M	5.7M	6.0M
Short Term Debt	195K	228K	265K	302K	271.8K	258.2K
Other Liab	229.6M	211.7M	128.3M	93.2M	107.2M	192.7M
Other Assets	41.9M	37.8M	27.2M	14.3M	12.9M	12.2M
Property Plant Equipment	170.0M	161.5M	147.2M	143.9M	165.4M	135.0M
Other Current Assets	3.3M	6.1M	3.5M	5.7M	5.1M	8.5M
Intangible Assets	5.1M	5.6M	4.9M	5.7M	5.1M	5.3M
Net Tangible Assets	286.2M	291.7M	332.9M	365.8M	420.7M	348.9M
Retained Earnings Total Equity	125.3M	120.9M	101.0M	135.0M	121.5M	117.6M
Capital Surpluse	253.8M	257.6M	262.1M	266.2M	306.1M	273.2M
Deferred Long Term Liab	2.0M	2.1M	3.5M	3.1M	2.8M	2.7M
Non Current Liabilities Other	218.9M	125.5M	7.8M	7.4M	6.7M	6.4M

Pair Trading with Haynes International

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 Haynes International 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 Haynes International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Haynes Stock

0.74

ESAB

ESAB Corp

Pair Corr

Moving against Haynes Stock

0.61	ATI	Allegheny Technologies	Pair Corr
0.6	WOR	Worthington Industries	Pair Corr
0.59	AP	Ampco Pittsburgh	Pair Corr
0.47	IIIN	Insteel Industries	Pair Corr
0.37	MEC	Mayville Engineering	Pair Corr

The ability to find closely correlated positions to Haynes International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haynes International 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 Haynes International - 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 Haynes International to buy it.

The correlation of Haynes International 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 Haynes International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haynes International 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 Haynes International 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 Correlation Correlation Matching

When determining whether Haynes International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Haynes International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Haynes International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Haynes International Stock:

How To Invest In Haynes

Details

Is Haynes Stock a good investment?

Details

What is Haynes International's Net Worth?

Details

Largest Metals & Mining Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haynes International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Haynes Stock, please use our How to Invest in Haynes International guide.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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 Haynes International. If investors know Haynes 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 Haynes International 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

(0.07)

Dividend Share

0.88

Earnings Share

2.9

Revenue Per Share

48.59

Quarterly Revenue Growth

0.07

The market value of Haynes International is measured differently than its book value, which is the value of Haynes that is recorded on the company's balance sheet. Investors also form their own opinion of Haynes International's value that differs from its market value or its book value, called intrinsic value, which is Haynes International'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 Haynes International's market value can be influenced by many factors that don't directly affect Haynes International'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 Haynes International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Haynes International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Haynes International'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.

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Haynes Non Current Assets Total vs Total Stockholder Equity Analysis

Non Current Assets Total vs Total Stockholder Equity

Non Current Assets Total vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Total Stockholder Equity

Haynes International fundamental ratios Correlations

Haynes International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Haynes International fundamental ratios Accounts

Pair Trading with Haynes International

Moving together with Haynes Stock

Moving against Haynes Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Net Debt	+ 0.95	Short Long Term Debt Total
Non Current Assets Total	+ 0.95	Property Plant And Equipment Net
Total Liab	+ 0.95	Non Current Liabilities Total
Other Stockholder Equity	+ 0.94	Total Assets

Common Stock	- 0.95	Retained Earnings
Common Stock Total Equity	- 0.95	Retained Earnings
Common Stock	- 0.9	Other Stockholder Equity
Common Stock Total Equity	- 0.9	Other Stockholder Equity
Cash And Short Term Investments	- 0.9	Net Debt
Cash	- 0.9	Net Debt