| CENX Stock | | | USD 18.33 0.27 1.50% |
Century Aluminum financial indicator trend analysis is way more than just evaluating Century Aluminum prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Century Aluminum is a good investment. Please check the relationship between Century Aluminum Stock Based Compensation and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Aluminum. 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.
For more information on how to buy Century Stock please use our
How to Invest in Century Aluminum guide.
Stock Based Compensation vs Depreciation
Stock Based Compensation vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Century Aluminum Stock Based Compensation account and
Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Century Aluminum's Stock Based Compensation and Depreciation is 0.79. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Depreciation in the same time period over historical financial statements of Century Aluminum, assuming nothing else is changed. The correlation between historical values of Century Aluminum's Stock Based Compensation and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of Century Aluminum are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Stock Based Compensation i.e., Century Aluminum's Stock Based Compensation and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.79 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.
Depreciation
Depreciation indicates how much of Century Aluminum value has been used up. For tax purposes Century Aluminum can deduct the cost of the tangible assets it purchases as business expenses. However, Century Aluminum must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Century Aluminum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Century Aluminum 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 Century Aluminum. 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.
For more information on how to buy Century Stock please use our
How to Invest in Century Aluminum guide.At this time, Century Aluminum's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 36.45 in 2024, whereas
Selling General Administrative is likely to drop slightly above 6.3
M in 2024.
Century Aluminum fundamental ratios Correlations
Click cells to compare fundamentals
Century Aluminum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Century Aluminum fundamental ratios Accounts
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Additional Tools for Century Stock Analysis
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measure Century Aluminum'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 Century Aluminum is operating at the current time. Most of Century Aluminum's value examination focuses on studying past and present price action to
predict the probability of Century Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Aluminum's price. Additionally, you may evaluate how the addition of Century Aluminum to your portfolios can decrease your overall portfolio volatility.