Algoma Ebitda vs Other Operating Expenses Analysis

ALC Stock  CAD 14.82  0.12  0.80%   
Algoma Central financial indicator trend analysis is way more than just evaluating Algoma Central prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algoma Central is a good investment. Please check the relationship between Algoma Central Ebitda and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. 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.

Ebitda vs Other Operating Expenses

Ebitda vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Central Ebitda account and Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Algoma Central's Ebitda and Other Operating Expenses is 0.79. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Algoma Central, assuming nothing else is changed. The correlation between historical values of Algoma Central's Ebitda and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Algoma Central are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Ebitda i.e., Algoma Central's Ebitda and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Ebitda

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Algoma Central. It is also known as Algoma Central overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Algoma Central's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algoma Central 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 Algoma Central. 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.
At this time, Algoma Central's Discontinued Operations is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value is likely to grow to about 966.2 M, while Selling General Administrative is likely to drop about 26.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit531.0M612.5M116.1M110.3M
Total Revenue598.9M677.9M721.2M499.6M

Algoma Central fundamental ratios Correlations

0.350.690.940.950.590.960.880.130.950.010.130.470.30.920.620.01-0.670.930.640.280.950.07-0.68-0.130.13
0.350.570.130.360.20.160.40.10.36-0.140.1-0.14-0.080.490.32-0.03-0.310.550.20.020.45-0.1-0.23-0.4-0.19
0.690.570.510.820.760.570.72-0.310.81-0.32-0.310.17-0.120.630.43-0.28-0.770.80.59-0.290.76-0.02-0.58-0.520.27
0.940.130.510.850.470.990.740.170.860.090.170.550.360.770.520.12-0.530.750.550.370.80.21-0.530.080.14
0.950.360.820.850.760.890.9-0.140.99-0.22-0.140.450.120.880.58-0.17-0.780.930.7-0.020.960.02-0.67-0.320.17
0.590.20.760.470.760.540.69-0.630.76-0.57-0.630.390.00.540.4-0.32-0.90.650.85-0.450.66-0.22-0.59-0.570.55
0.960.160.570.990.890.540.780.110.90.020.110.540.310.80.520.07-0.590.80.580.30.850.17-0.560.00.13
0.880.40.720.740.90.690.780.040.89-0.050.040.310.280.910.71-0.29-0.830.930.790.090.93-0.03-0.77-0.360.22
0.130.1-0.310.17-0.14-0.630.110.04-0.160.861.0-0.240.470.20.110.420.360.06-0.280.90.030.26-0.140.57-0.38
0.950.360.810.860.990.760.90.89-0.16-0.25-0.160.470.10.870.59-0.18-0.790.920.71-0.040.950.0-0.64-0.360.2
0.01-0.14-0.320.09-0.22-0.570.02-0.050.86-0.250.86-0.230.550.030.140.420.41-0.07-0.260.81-0.10.14-0.130.69-0.16
0.130.1-0.310.17-0.14-0.630.110.041.0-0.160.86-0.240.470.20.110.420.360.06-0.280.90.030.26-0.140.57-0.38
0.47-0.140.170.550.450.390.540.31-0.240.47-0.23-0.240.220.340.21-0.22-0.280.320.240.070.32-0.14-0.150.170.15
0.3-0.08-0.120.360.120.00.310.280.470.10.550.470.220.30.30.310.010.20.330.650.140.09-0.270.570.33
0.920.490.630.770.880.540.80.910.20.870.030.20.340.30.67-0.03-0.650.970.610.280.96-0.12-0.75-0.240.02
0.620.320.430.520.580.40.520.710.110.590.140.110.210.30.67-0.07-0.470.650.640.180.64-0.14-0.65-0.190.3
0.01-0.03-0.280.12-0.17-0.320.07-0.290.42-0.180.420.42-0.220.31-0.03-0.070.41-0.11-0.210.59-0.10.140.070.48-0.11
-0.67-0.31-0.77-0.53-0.78-0.9-0.59-0.830.36-0.790.410.36-0.280.01-0.65-0.470.41-0.74-0.880.29-0.750.110.710.66-0.49
0.930.550.80.750.930.650.80.930.060.92-0.070.060.320.20.970.65-0.11-0.740.660.140.98-0.1-0.76-0.340.09
0.640.20.590.550.70.850.580.79-0.280.71-0.26-0.280.240.330.610.64-0.21-0.880.66-0.140.67-0.1-0.71-0.460.69
0.280.02-0.290.37-0.02-0.450.30.090.9-0.040.810.90.070.650.280.180.590.290.14-0.140.10.22-0.220.71-0.2
0.950.450.760.80.960.660.850.930.030.95-0.10.030.320.140.960.64-0.1-0.750.980.670.1-0.09-0.74-0.360.08
0.07-0.1-0.020.210.02-0.220.17-0.030.260.00.140.26-0.140.09-0.12-0.140.140.11-0.1-0.10.22-0.090.190.3-0.01
-0.68-0.23-0.58-0.53-0.67-0.59-0.56-0.77-0.14-0.64-0.13-0.14-0.15-0.27-0.75-0.650.070.71-0.76-0.71-0.22-0.740.190.25-0.37
-0.13-0.4-0.520.08-0.32-0.570.0-0.360.57-0.360.690.570.170.57-0.24-0.190.480.66-0.34-0.460.71-0.360.30.25-0.22
0.13-0.190.270.140.170.550.130.22-0.380.2-0.16-0.380.150.330.020.3-0.11-0.490.090.69-0.20.08-0.01-0.37-0.22
Click cells to compare fundamentals

Algoma Central Account Relationship Matchups

Algoma Central fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.2B1.2B1.4B1.3B829.0M
Other Current Liab19.1M103.7M9.5M121.6M3.3M3.1M
Total Current Liabilities156.8M179.3M84.5M150.8M147.2M103.8M
Total Stockholder Equity660.4M560.6M640.3M726.0M778.3M484.0M
Property Plant And Equipment Net840.0M841.9M819.6M859.9M891.7M560.2M
Net Debt316.4M287.2M283.3M260.8M344.5M361.8M
Retained Earnings674.8M582.0M660.2M719.5M769.4M469.1M
Accounts Payable60.7M70.9M77.2M79.2M70.3M56.5M
Cash18.9M103.9M108.9M142.0M32.8M31.2M
Non Current Assets Total1.0B1.0B1.0B1.1B1.2B650.0M
Non Currrent Assets Other6.6M24.1M20.5M38.6M22.2M30.0M
Cash And Short Term Investments18.9M103.9M108.9M142.0M32.8M31.2M
Net Receivables75.6M69.7M60.6M69.1M100.4M72.5M
Common Stock Shares Outstanding38.2M42.0M42.9M42.9M43.1M44.7M
Liabilities And Stockholders Equity1.1B1.2B1.2B1.4B1.3B829.0M
Non Current Liabilities Total330.1M483.2M475.3M488.8M418.7M239.7M
Inventory10.6M8.9M12.5M19.1M15.8M9.9M
Other Current Assets9.4M6.3M8.6M20.2M12.4M16.5M
Other Stockholder Equity1.2M1.0M985K582.0K523.8K497.6K
Total Liab487.0M662.5M559.8M639.7M565.8M343.4M
Property Plant And Equipment Gross840.0M841.9M1.3B1.4B1.4B1.5B
Total Current Assets114.4M188.8M190.6M250.3M161.4M179.1M
Accumulated Other Comprehensive Income(26.0M)(32.8M)(31.3M)(8.1M)(20.2M)(21.3M)
Short Long Term Debt Total335.2M391.2M392.2M402.8M377.4M191.6M
Short Term Debt80.1M337K282K5.3M60.8M36.6M
Current Deferred Revenue1.7M907K1.1M1.7M1.5M1.4M
Common Stock Total Equity19.0M17.1M9.3M9.1M10.5M14.7M
Common Stock8.2M8.1M8.1M11.7M29.2M30.6M
Other Liab75.0M92.3M83.4M91.4M105.1M84.6M
Net Tangible Assets649.2M552.7M632.4M718.1M825.8M690.8M
Other Assets38.9M38.7M26.9M29.4M1.00.95
Long Term Debt254.8M390.5M391.5M397.2M316.4M318.1M
Long Term Investments142.8M145.8M155.1M209.0M260.9M274.0M
Short Long Term Debt80.1M143K150K5.2M60.7M64.6M
Property Plant Equipment840.0M841.9M819.6M851.0M978.7M789.3M
Long Term Debt Total255.1M390.8M391.9M397.5M457.1M332.7M
Capital Surpluse1.2M1.0M985K582K523.8K497.6K
Net Invested Capital995.3M951.2M1.0B1.1B1.2B1.1B
Net Working Capital(42.4M)9.5M106.1M99.5M14.2M13.5M

Pair Trading with Algoma Central

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 Algoma Central 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 Algoma Central will appreciate offsetting losses from the drop in the long position's value.

Moving against Algoma Stock

  0.55PFE Pfizer Inc CDRPairCorr
  0.35MSFT Microsoft Corp CDRPairCorr
The ability to find closely correlated positions to Algoma Central could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algoma Central 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 Algoma Central - 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 Algoma Central to buy it.
The correlation of Algoma Central 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 Algoma Central moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Central 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 Algoma Central 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

Other Information on Investing in Algoma Stock

Balance Sheet is a snapshot of the financial position of Algoma Central at a specified time, usually calculated after every quarter, six months, or one year. Algoma Central Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Algoma Central and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Algoma currently owns. An asset can also be divided into two categories, current and non-current.