Century Aluminum Stock Piotroski F Score

CENX Stock  USD 15.39  0.61  4.13%   
This module uses fundamental data of Century Aluminum to approximate its Piotroski F score. Century Aluminum F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Century Aluminum. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Century Aluminum financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Century Aluminum Altman Z Score, Century Aluminum Correlation, Century Aluminum Valuation, as well as analyze Century Aluminum Alpha and Beta and Century Aluminum Hype Analysis.
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 Short Term Debt is fairly stable compared to the past year. Short and Long Term Debt is likely to rise to about 63.7 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 380.1 M in 2024. At this time, Century Aluminum's Days Of Sales Outstanding is fairly stable compared to the past year. Cash Flow Coverage Ratios is likely to rise to 0.23 in 2024, despite the fact that Price Earnings Ratio is likely to grow to (24.73).
At this time, it appears that Century Aluminum's Piotroski F Score is Unavailable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Unavailable
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

Century Aluminum Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Century Aluminum is to make sure Century is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Century Aluminum's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Century Aluminum's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.831.1835
Way Down
Slightly volatile
Net Debt257.9 M413.1 M
Way Down
Slightly volatile
Total Current Liabilities801.1 M763 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total637.5 M739.4 M
Fairly Down
Slightly volatile
Total Assets1.6 B1.8 B
Fairly Down
Pretty Stable
Total Current Assets479 M767.1 M
Way Down
Slightly volatile

Century Aluminum F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Century Aluminum's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Century Aluminum in a much-optimized way.

About Century Aluminum Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Price Book Value Ratio

2.17

At this time, Century Aluminum's Price Book Value Ratio is fairly stable compared to the past year.

About Century Aluminum Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Century Aluminum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Century Aluminum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Century Aluminum 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.
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was incorporated in 1981 and is headquartered in Chicago, Illinois. Century Aluminum operates under Aluminum classification in the United States and is traded on NASDAQ Exchange. It employs 2512 people.

Pair Trading with Century 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 Century 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 Century Aluminum will appreciate offsetting losses from the drop in the long position's value.

Moving together with Century Stock

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Moving against Century Stock

  0.54X United States Steel Financial Report 25th of April 2024 PairCorr
  0.43NC NACCO IndustriesPairCorr
The ability to find closely correlated positions to Century 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 Century 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 Century 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 Century Aluminum to buy it.
The correlation of Century 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 Century Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Aluminum 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 Century 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.
Pair CorrelationCorrelation Matching
When determining whether Century Aluminum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Century Aluminum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Century Aluminum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Century Aluminum Stock:
Check out Century Aluminum Altman Z Score, Century Aluminum Correlation, Century Aluminum Valuation, as well as analyze Century Aluminum Alpha and Beta and Century Aluminum Hype Analysis.
For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Century Aluminum's price analysis, check to 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.
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Is Century Aluminum's industry 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 Century Aluminum. If investors know Century 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 Century Aluminum 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
(0.80)
Earnings Share
(0.47)
Revenue Per Share
23.652
Quarterly Revenue Growth
(0.03)
Return On Assets
0.012
The market value of Century Aluminum is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Aluminum's value that differs from its market value or its book value, called intrinsic value, which is Century Aluminum'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 Century Aluminum's market value can be influenced by many factors that don't directly affect Century Aluminum'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 Century Aluminum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Aluminum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Aluminum'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.