Ames Total Current Assets vs Net Invested Capital Analysis
ATLO Stock | USD 17.01 0.22 1.28% |
Ames National financial indicator trend analysis is way more than just evaluating Ames National prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ames National is a good investment. Please check the relationship between Ames National Total Current Assets and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ames National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Ames Stock, please use our How to Invest in Ames National guide.
Total Current Assets vs Net Invested Capital
Total Current Assets vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ames National Total Current Assets account and Net Invested Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ames National's Total Current Assets and Net Invested Capital is -0.08. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Ames National, assuming nothing else is changed. The correlation between historical values of Ames National's Total Current Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Ames National are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Current Assets i.e., Ames National's Total Current Assets and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Ames National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ames National 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 Ames National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Ames Stock, please use our How to Invest in Ames National guide.At this time, Ames National's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value Multiple is likely to grow to 9.89, while Selling General Administrative is likely to drop about 16 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.5M | 8.3M | 29.7M | 31.2M | Depreciation And Amortization | 2.0M | 2.0M | 1.8M | 1.4M |
Ames National fundamental ratios Correlations
Click cells to compare fundamentals
Ames National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ames National fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 2.0B | 2.1B | 2.1B | 2.2B | 1.3B | |
Short Long Term Debt Total | 53.3M | 5M | 3M | 39.1M | 110.6M | 116.1M | |
Total Current Liabilities | 776.4M | 916.4M | 1.2B | 1.2B | 10.4M | 9.9M | |
Total Stockholder Equity | 187.6M | 209.5M | 207.8M | 149.1M | 165.8M | 152.9M | |
Property Plant And Equipment Net | 17.8M | 17.3M | 17.5M | 18.9M | 22.5M | 14.7M | |
Net Debt | (138.6M) | (188.5M) | (103.1M) | (3.4M) | 46.6M | 48.9M | |
Retained Earnings | 146.2M | 158.2M | 170.4M | 179.9M | 180.4M | 110.7M | |
Cash | 143.6M | 191.5M | 106.1M | 42.6M | 64.0M | 64.1M | |
Non Current Assets Total | 513.7M | 629.9M | 863.4M | 819.7M | 2.8B | 2.2B | |
Non Currrent Assets Other | (1.2B) | (1.7B) | (1.9M) | (22.1M) | 2.0B | 2.1B | |
Other Assets | 588.3M | 546.1M | 326.4M | 475.0M | (1.5B) | (1.6B) | |
Cash And Short Term Investments | 623.4M | 788.5M | 937.1M | 829.0M | 800.4M | 840.4M | |
Net Receivables | 11.8M | 11.1M | 10.1M | 11.3M | 13.0M | 8.7M | |
Common Stock Total Equity | 18.4M | 18.2M | 18.2M | 18.0M | 20.7M | 19.8M | |
Common Stock Shares Outstanding | 9.2M | 9.1M | 9.1M | 9.0M | 9.0M | 7.5M | |
Liabilities And Stockholders Equity | 1.7B | 2.0B | 2.1B | 2.1B | 2.2B | 1.3B | |
Non Current Liabilities Total | 5M | 4.7M | 3M | 2.0B | 2.0B | 1.9B | |
Other Stockholder Equity | 18.8M | 17.0M | 16.4M | 14.3M | 12.8M | 16.7M | |
Total Liab | 5M | 4.7M | 3M | 2.0B | 2.0B | 2.1B | |
Property Plant And Equipment Gross | 17.8M | 17.3M | 35.2M | 37.2M | 41.1M | 43.1M | |
Total Current Assets | 635.2M | 799.7M | 947.2M | 840.3M | 877.4M | 833.5M | |
Accumulated Other Comprehensive Income | 4.1M | 16.0M | 2.9M | (63.1M) | (46.9M) | (44.5M) | |
Short Term Debt | 44.0M | 37.3M | 39.9M | 40.7M | 54.0M | 56.7M | |
Common Stock | 18.4M | 18.2M | 18.2M | 18.0M | 20.7M | 19.8M | |
Accounts Payable | 9.4M | 7.7M | 1.9B | 666K | 4.7M | 4.5M | |
Short Term Investments | 479.8M | 597.0M | 831.0M | 786.4M | 736.4M | 699.6M | |
Inventory | (159.4M) | (202.9M) | (116.2M) | (53.8M) | (1.3B) | (1.2B) | |
Property Plant Equipment | 17.8M | 17.3M | 17.5M | 18.9M | 21.7M | 14.7M | |
Long Term Debt | 14.6M | 5M | 3M | 39.1M | 110.6M | 116.1M | |
Other Current Liab | 732.4M | 916.4M | 1.2B | 1.2B | 5.7M | 5.4M | |
Net Tangible Assets | 171.5M | 193.9M | 192.8M | 134.7M | 155.0M | 172.4M | |
Good Will | 9.6M | 12.1M | 12.4M | 12.4M | 14.3M | 9.3M | |
Retained Earnings Total Equity | 146.2M | 158.2M | 170.4M | 179.9M | 206.9M | 143.1M | |
Capital Surpluse | 18.8M | 17.0M | 16.4M | 14.3M | 12.8M | 15.9M | |
Long Term Investments | 1.5B | 1.7B | 831.0M | 786.4M | 736.4M | 926.4M | |
Non Current Liabilities Other | 47.0M | 40.3M | 42.9M | 79.8M | 91.8M | 56.6M | |
Intangible Assets | 4.0M | 3.1M | 2.5M | 1.9M | 1.4M | 2.0M |
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
0.46 | CFG-PH | Citizens Financial Group, | PairCorr |
0.4 | VBFC | Village Bank | PairCorr |
0.36 | ECBK | ECB Bancorp | PairCorr |
0.34 | TECTP | Tectonic Financial | PairCorr |
0.34 | EBMT | Eagle Bancorp Montana Fiscal Year End 28th of January 2025 | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ames National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Ames Stock, please use our How to Invest in Ames National guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.