Ames Income Quality from 2010 to 2024
| ATLO Stock | USD 17.25 0.07 0.40% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 1.77563095 | Current Value 1.04 | Quarterly Volatility 0.24840668 |
Check Ames National financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ames National's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.4 M, Interest Expense of 31.2 M or Selling General Administrative of 16 M, as well as many indicators such as Price To Sales Ratio of 3.39, Dividend Yield of 0.0289 or PTB Ratio of 1.76. Ames financial statements analysis is a perfect complement when working with Ames National Valuation or Volatility modules.
Ames | Income Quality |
Latest Ames National's Income Quality Growth Pattern
Below is the plot of the Income Quality of Ames National over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Ames National's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ames National's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
|
Income Quality |
| Timeline |
Ames Income Quality Regression Statistics
| Arithmetic Mean | 1.36 | |
| Geometric Mean | 1.33 | |
| Coefficient Of Variation | 18.31 | |
| Mean Deviation | 0.20 | |
| Median | 1.36 | |
| Standard Deviation | 0.25 | |
| Sample Variance | 0.06 | |
| Range | 0.8751 | |
| R-Value | (0.09) | |
| Mean Square Error | 0.07 | |
| R-Squared | 0.01 | |
| Significance | 0.76 | |
| Slope | (0) | |
| Total Sum of Squares | 0.86 |
Ames Income Quality History
About Ames National Financial Statements
Ames National investors utilize fundamental indicators, such as Income Quality, to predict how Ames Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | 1.78 | 1.04 |
Pair Trading with Ames National
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 Ames National 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 Ames National will appreciate offsetting losses from the drop in the long position's value.Moving against Ames Stock
| 0.45 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.44 | VBFC | Village Bank | PairCorr |
| 0.35 | ECBK | ECB Bancorp | PairCorr |
| 0.34 | KB | KB Financial Group | PairCorr |
| 0.34 | TECTP | Tectonic Financial | PairCorr |
The ability to find closely correlated positions to Ames National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ames National 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 Ames National - 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 Ames National to buy it.
The correlation of Ames National 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 Ames National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ames National 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 Ames National 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.Check out the analysis of Ames National Correlation against competitors. To learn how to invest in Ames Stock, please use our How to Invest in Ames National guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Regional Banks 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 Ames National. If investors know Ames 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 Ames National 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 (0.24) | Dividend Share 1.01 | Earnings Share 0.97 | Revenue Per Share 5.679 | Quarterly Revenue Growth (0.01) |
The market value of Ames National is measured differently than its book value, which is the value of Ames that is recorded on the company's balance sheet. Investors also form their own opinion of Ames National's value that differs from its market value or its book value, called intrinsic value, which is Ames National'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 Ames National's market value can be influenced by many factors that don't directly affect Ames National'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 Ames National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ames National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ames National'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.