AXR Stock | | | USD 35.89 0.23 0.64% |
AMREP financial indicator trend analysis is way more than just evaluating AMREP prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AMREP is a good investment. Please check the relationship between AMREP Short Long Term Debt Total and its Total Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in AMREP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
To learn how to invest in AMREP Stock, please use our
How to Invest in AMREP guide.
Short Long Term Debt Total vs Total Liab
Short Long Term Debt Total vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AMREP Short Long Term Debt Total account and
Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between AMREP's Short Long Term Debt Total and Total Liab is 0.91. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Liab in the same time period over historical financial statements of AMREP, assuming nothing else is changed. The correlation between historical values of AMREP's Short Long Term Debt Total and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of AMREP are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Short Long Term Debt Total i.e., AMREP's Short Long Term Debt Total and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Short Long Term Debt Total
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from AMREP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AMREP 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 AMREP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
To learn how to invest in AMREP Stock, please use our
How to Invest in AMREP guide.At this time, AMREP's
Selling General Administrative is relatively stable compared to the past year. As of 12/11/2024,
Tax Provision is likely to grow to about 1.8
M, while
Enterprise Value Over EBITDA is likely to drop 9.79.
AMREP fundamental ratios Correlations
Click cells to compare fundamentals
AMREP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AMREP fundamental ratios Accounts
Pair Trading with AMREP
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 AMREP 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 AMREP will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to AMREP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMREP 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 AMREP - 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 AMREP to buy it.
The correlation of AMREP 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 AMREP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMREP 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 AMREP 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 MatchingAdditional Tools for AMREP Stock Analysis
When running AMREP's price analysis, check to
measure AMREP'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 AMREP is operating at the current time. Most of AMREP's value examination focuses on studying past and present price action to
predict the probability of AMREP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMREP's price. Additionally, you may evaluate how the addition of AMREP to your portfolios can decrease your overall portfolio volatility.