Arizona Average Payables vs Book Value Per Share Analysis

AMC Stock

1.97 0.17 9.44%

Arizona Metals financial indicator trend analysis is way more than just evaluating Arizona Metals Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arizona Metals Corp is a good investment. Please check the relationship between Arizona Metals Average Payables and its Book Value Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arizona Metals Corp. 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.

Average Payables vs Book Value Per Share

Average Payables vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Arizona Metals Corp Average Payables account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Arizona Metals' Average Payables and Book Value Per Share is -0.11. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Arizona Metals Corp, assuming nothing else is changed. The correlation between historical values of Arizona Metals' Average Payables and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Arizona Metals Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Average Payables i.e., Arizona Metals' Average Payables and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Arizona Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arizona Metals Corp 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 Arizona Metals Corp. 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.

As of the 1st of December 2024, Enterprise Value is likely to grow to about 448.2 M, while Selling General Administrative is likely to drop about 895.2 K.

	2023	2024 (projected)
Research Development	526.7K	332.3K
Interest Expense	261.3K	274.3K

Research Development Interest Expense

Arizona Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Net Receivables	Inventory	Property Plant And Equipment Net	Short Term Investments	Property Plant Equipment
Total Assets		0.95	0.74	1.0	-0.69	-0.75	0.69	0.54	0.68	0.38	1.0	0.87	0.72	0.33	0.74	1.0	0.89	0.26	0.69	0.33	0.33	-0.32	-0.28
Other Current Liab	0.95		0.69	0.95	-0.85	-0.64	0.85	0.44	0.59	0.6	0.95	0.8	0.77	0.22	0.69	0.95	0.79	0.16	0.85	0.22	0.22	-0.23	-0.22
Total Current Liabilities	0.74	0.69		0.73	-0.36	-0.95	0.36	0.94	0.97	0.13	0.73	0.81	0.59	0.81	1.0	0.73	0.94	0.82	0.38	0.81	0.82	-0.86	-0.82
Total Stockholder Equity	1.0	0.95	0.73		-0.7	-0.75	0.7	0.53	0.67	0.38	1.0	0.86	0.72	0.32	0.73	1.0	0.88	0.25	0.69	0.32	0.32	-0.31	-0.27
Net Debt	-0.69	-0.85	-0.36	-0.7		0.2	-1.0	-0.04	-0.18	-0.83	-0.7	-0.41	-0.51	0.12	-0.36	-0.7	-0.39	0.17	-0.99	0.12	0.12	-0.12	-0.11
Retained Earnings	-0.75	-0.64	-0.95	-0.75	0.2		-0.2	-0.95	-0.99	0.03	-0.75	-0.89	-0.64	-0.8	-0.95	-0.75	-0.97	-0.79	-0.21	-0.8	-0.81	0.83	0.78
Cash	0.69	0.85	0.36	0.7	-1.0	-0.2		0.03	0.17	0.83	0.69	0.41	0.51	-0.12	0.36	0.7	0.39	-0.17	0.99	-0.12	-0.12	0.12	0.11
Non Current Assets Total	0.54	0.44	0.94	0.53	-0.04	-0.95	0.03		0.98	-0.14	0.53	0.73	0.46	0.91	0.94	0.53	0.86	0.94	0.06	0.91	0.92	-0.96	-0.92
Non Currrent Assets Other	0.68	0.59	0.97	0.67	-0.18	-0.99	0.17	0.98		0.0	0.67	0.84	0.61	0.84	0.97	0.68	0.94	0.85	0.19	0.84	0.85	-0.89	-0.85
Other Assets	0.38	0.6	0.13	0.38	-0.83	0.03	0.83	-0.14	0.0		0.37	0.27	0.56	-0.25	0.13	0.38	0.11	-0.32	0.81	-0.25	-0.25	0.26	0.25
Cash And Short Term Investments	1.0	0.95	0.73	1.0	-0.7	-0.75	0.69	0.53	0.67	0.37		0.86	0.71	0.32	0.73	1.0	0.88	0.25	0.69	0.32	0.32	-0.31	-0.27
Common Stock Shares Outstanding	0.87	0.8	0.81	0.86	-0.41	-0.89	0.41	0.73	0.84	0.27	0.86		0.85	0.58	0.81	0.86	0.91	0.46	0.43	0.58	0.58	-0.54	-0.43
Other Current Assets	0.72	0.77	0.59	0.72	-0.51	-0.64	0.51	0.46	0.61	0.56	0.71	0.85		0.22	0.59	0.72	0.69	0.17	0.52	0.22	0.23	-0.25	-0.26
Other Stockholder Equity	0.33	0.22	0.81	0.32	0.12	-0.8	-0.12	0.91	0.84	-0.25	0.32	0.58	0.22		0.81	0.32	0.66	0.94	-0.09	1.0	1.0	-0.96	-0.8
Total Liab	0.74	0.69	1.0	0.73	-0.36	-0.95	0.36	0.94	0.97	0.13	0.73	0.81	0.59	0.81		0.73	0.94	0.82	0.38	0.81	0.82	-0.86	-0.82
Total Current Assets	1.0	0.95	0.73	1.0	-0.7	-0.75	0.7	0.53	0.68	0.38	1.0	0.86	0.72	0.32	0.73		0.88	0.25	0.7	0.32	0.32	-0.31	-0.27
Common Stock	0.89	0.79	0.94	0.88	-0.39	-0.97	0.39	0.86	0.94	0.11	0.88	0.91	0.69	0.66	0.94	0.88		0.65	0.4	0.66	0.67	-0.7	-0.67
Accounts Payable	0.26	0.16	0.82	0.25	0.17	-0.79	-0.17	0.94	0.85	-0.32	0.25	0.46	0.17	0.94	0.82	0.25	0.65		-0.14	0.94	0.95	-1.0	-0.95
Net Receivables	0.69	0.85	0.38	0.69	-0.99	-0.21	0.99	0.06	0.19	0.81	0.69	0.43	0.52	-0.09	0.38	0.7	0.4	-0.14		-0.09	-0.09	0.09	0.09
Inventory	0.33	0.22	0.81	0.32	0.12	-0.8	-0.12	0.91	0.84	-0.25	0.32	0.58	0.22	1.0	0.81	0.32	0.66	0.94	-0.09		1.0	-0.96	-0.8
Property Plant And Equipment Net	0.33	0.22	0.82	0.32	0.12	-0.81	-0.12	0.92	0.85	-0.25	0.32	0.58	0.23	1.0	0.82	0.32	0.67	0.95	-0.09	1.0		-0.97	-0.81
Short Term Investments	-0.32	-0.23	-0.86	-0.31	-0.12	0.83	0.12	-0.96	-0.89	0.26	-0.31	-0.54	-0.25	-0.96	-0.86	-0.31	-0.7	-1.0	0.09	-0.96	-0.97		0.94
Property Plant Equipment	-0.28	-0.22	-0.82	-0.27	-0.11	0.78	0.11	-0.92	-0.85	0.25	-0.27	-0.43	-0.26	-0.8	-0.82	-0.27	-0.67	-0.95	0.09	-0.8	-0.81	0.94

Click cells to compare fundamentals

Arizona Metals Account Relationship Matchups

Arizona Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3M	4.8M	57.3M	53.3M	31.6M	23.6M
Other Current Liab	117.8K	188.3K	1.1M	607.1K	350K	357.4K
Total Current Liabilities	117.9K	188.4K	1.1M	607.8K	1.5M	1.6M
Total Stockholder Equity	2.2M	4.6M	56.2M	52.7M	30.0M	23.1M
Net Debt	(1.6M)	(3.9M)	(55.8M)	(7.0M)	(550.4K)	(577.9K)
Retained Earnings	(8.5M)	(15.7M)	(35.3M)	(59.5M)	(83.9M)	(79.7M)
Cash	1.6M	3.9M	55.8M	7.0M	550.4K	522.9K
Cash And Short Term Investments	1.6M	3.9M	55.8M	52.2M	30.1M	22.7M
Common Stock Shares Outstanding	41.2M	60.0M	85.1M	111.6M	116.1M	65.6M
Liabilities And Stockholders Equity	2.3M	4.8M	57.3M	53.3M	31.6M	23.6M
Other Current Assets	569.6K	717.4K	695.7K	671.9K	388.1K	492.2K
Total Liab	117.9K	188.4K	1.1M	607.8K	1.5M	1.6M
Total Current Assets	2.3M	4.6M	57.0M	52.9M	30.5M	23.3M
Accumulated Other Comprehensive Income	3.1M	5.0M	5.2M	4.9M	6.4M	4.0M
Common Stock	7.6M	15.3M	86.3M	107.3M	107.5M	112.9M
Accounts Payable	109.95	174.17	1.1K	607.76	1.2M	1.2M
Net Receivables	87.3K	32.0K	572.7K	79.6K	36.0K	34.2K

Pair Trading with Arizona Metals

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 Arizona Metals 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 Arizona Metals will appreciate offsetting losses from the drop in the long position's value.

Moving against Arizona Stock

0.49	AG	First Majestic Silver	Pair Corr
0.41	ORE	Orezone Gold Corp	Pair Corr
0.34	FDY	Faraday Copper Corp	Pair Corr

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

The correlation of Arizona Metals 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 Arizona Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arizona Metals Corp 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 Arizona Metals 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

Other Information on Investing in Arizona Stock

Balance Sheet is a snapshot of the financial position of Arizona Metals Corp at a specified time, usually calculated after every quarter, six months, or one year. Arizona Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Arizona Metals 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 Arizona currently owns. An asset can also be divided into two categories, current and non-current.

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Arizona Average Payables vs Book Value Per Share Analysis

Average Payables vs Book Value Per Share

Average Payables vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Average Payables

Book Value Per Share

Arizona Metals fundamental ratios Correlations

Arizona Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Arizona Metals fundamental ratios Accounts

Pair Trading with Arizona Metals

Moving against Arizona Stock

Other Information on Investing in Arizona Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity

Short Term Investments	- 1.0	Accounts Payable
Cash	- 1.0	Net Debt
Non Currrent Assets Other	- 0.99	Retained Earnings
Net Receivables	- 0.99	Net Debt
Short Term Investments	- 0.97	Property Plant And Equipment Net
Common Stock	- 0.97	Retained Earnings