Noranda Aluminum Holding Stock Current Liabilities
Noranda Aluminum Holding fundamentals help investors to digest information that contributes to Noranda Aluminum's financial success or failures. It also enables traders to predict the movement of Noranda Pink Sheet. The fundamental analysis module provides a way to measure Noranda Aluminum's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Noranda Aluminum pink sheet.
Noranda |
Noranda Aluminum Holding Company Current Liabilities Analysis
Noranda Aluminum's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Current Noranda Aluminum Current Liabilities | 905.1 M |
Most of Noranda Aluminum's fundamental indicators, such as Current Liabilities, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Noranda Aluminum Holding is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
CompetitionIn accordance with the recently published financial statements, Noranda Aluminum Holding has a Current Liabilities of 905.1 M. This is 85.38% lower than that of the Metals & Mining sector and 95.38% lower than that of the Materials industry. The current liabilities for all United States stocks is 88.55% higher than that of the company.
Noranda Current Liabilities Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Noranda Aluminum's direct or indirect competition against its Current Liabilities to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Noranda Aluminum could also be used in its relative valuation, which is a method of valuing Noranda Aluminum by comparing valuation metrics of similar companies.Noranda Aluminum is currently under evaluation in current liabilities category among its peers.
Noranda Fundamentals
| Return On Asset | -0.0586 | ||||
| Profit Margin | (0.21) % | ||||
| Operating Margin | (0.09) % | ||||
| Current Valuation | 686.62 M | ||||
| Shares Outstanding | 10.03 M | ||||
| Shares Owned By Institutions | 5.92 % | ||||
| Number Of Shares Shorted | 702.84 K | ||||
| Price To Earning | 6.15 X | ||||
| Price To Sales | 0.0003 X | ||||
| Revenue | 1.23 B | ||||
| Gross Profit | (13.9 M) | ||||
| EBITDA | (17.7 M) | ||||
| Net Income | (259.6 M) | ||||
| Cash And Equivalents | 56.1 M | ||||
| Cash Per Share | 5.59 X | ||||
| Total Debt | 742.3 M | ||||
| Debt To Equity | 10.11 % | ||||
| Current Ratio | 0.32 X | ||||
| Book Value Per Share | (17.79) X | ||||
| Cash Flow From Operations | 17.9 M | ||||
| Short Ratio | 4.23 X | ||||
| Earnings Per Share | (26.09) X | ||||
| Target Price | 0.25 | ||||
| Number Of Employees | 2.2 K | ||||
| Beta | -54.09 | ||||
| Market Capitalization | 581.14 K | ||||
| Total Asset | 1.09 B | ||||
| Retained Earnings | (304.26 M) | ||||
| Working Capital | (611.8 M) | ||||
| Current Asset | 293.3 M | ||||
| Current Liabilities | 905.1 M | ||||
| Z Score | 1.0 | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 1.09 B | ||||
| Last Dividend Paid | 0.14 |
About Noranda Aluminum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Noranda Aluminum Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Noranda Aluminum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Noranda Aluminum Holding based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Noranda Aluminum
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 Noranda Aluminum 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 Noranda Aluminum will appreciate offsetting losses from the drop in the long position's value.Moving against Noranda Pink Sheet
| 0.83 | IE | Ivanhoe Electric | PairCorr |
| 0.83 | MP | MP Materials Corp | PairCorr |
| 0.82 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | AG | First Majestic Silver | PairCorr |
| 0.57 | X | United States Steel | PairCorr |
The ability to find closely correlated positions to Noranda Aluminum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Noranda Aluminum 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 Noranda Aluminum - 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 Noranda Aluminum Holding to buy it.
The correlation of Noranda Aluminum 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 Noranda Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Noranda Aluminum Holding 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 Noranda Aluminum 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 Correlation Analysis to better understand how to build diversified portfolios. 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. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in Noranda Pink Sheet
If you are still planning to invest in Noranda Aluminum Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Noranda Aluminum's history and understand the potential risks before investing.
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