American Retained Earnings vs Long Term Debt Total Analysis
AXL Stock | USD 7.39 0.05 0.68% |
American Axle financial indicator trend analysis is way more than just evaluating American Axle Manufa prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Axle Manufa is a good investment. Please check the relationship between American Axle Retained Earnings and its Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Axle Manufacturing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Retained Earnings vs Long Term Debt Total
Retained Earnings vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Axle Manufa Retained Earnings account and Long Term Debt Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between American Axle's Retained Earnings and Long Term Debt Total is 0.34. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of American Axle Manufacturing, assuming nothing else is changed. The correlation between historical values of American Axle's Retained Earnings and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of American Axle Manufacturing are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Retained Earnings i.e., American Axle's Retained Earnings and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Long Term Debt Total
Most indicators from American Axle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Axle Manufa 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 American Axle Manufacturing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. At this time, American Axle's Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.05 this year, although the value of Selling General Administrative will most likely fall to about 271.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 722.7M | 704.9M | 514.1M | 508.3M | Total Revenue | 5.2B | 5.8B | 6.1B | 4.2B |
American Axle fundamental ratios Correlations
Click cells to compare fundamentals
American Axle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Axle fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.6B | 5.9B | 5.6B | 5.5B | 5.4B | 3.9B | |
Short Long Term Debt Total | 3.6B | 3.6B | 3.2B | 3.0B | 3.0B | 1.8B | |
Other Current Liab | 355.3M | 340.7M | 355.6M | 340.2M | 361M | 262.5M | |
Total Current Liabilities | 1.0B | 979.3M | 1.0B | 1.2B | 1.2B | 782.9M | |
Total Stockholder Equity | 977.6M | 370.5M | 457.8M | 627.3M | 604.9M | 489.1M | |
Property Plant And Equipment Net | 2.4B | 2.3B | 2.1B | 2.0B | 1.9B | 1.7B | |
Net Debt | 3.1B | 3.0B | 2.7B | 2.5B | 2.5B | 1.6B | |
Retained Earnings | 248.6M | (319.8M) | (313.9M) | (249.6M) | (283.2M) | (269.0M) | |
Accounts Payable | 623.5M | 578.9M | 612.8M | 734M | 773.9M | 480.1M | |
Cash | 532M | 557M | 530.2M | 511.5M | 519.9M | 545.9M | |
Non Current Assets Total | 4.8B | 4.0B | 3.8B | 3.5B | 3.3B | 2.7B | |
Non Currrent Assets Other | 577.4M | 447.7M | 456.7M | 535.6M | 582.7M | 611.8M | |
Cash And Short Term Investments | 532M | 557M | 530.2M | 511.5M | 519.9M | 262.1M | |
Net Receivables | 815.4M | 793.2M | 762.8M | 820.2M | 850.3M | 517.0M | |
Common Stock Shares Outstanding | 112.3M | 113.1M | 114.1M | 115.5M | 116.6M | 81.4M | |
Liabilities And Stockholders Equity | 6.6B | 5.9B | 5.6B | 5.5B | 5.4B | 3.9B | |
Non Current Liabilities Total | 4.6B | 4.6B | 4.1B | 3.6B | 3.5B | 2.6B | |
Inventory | 373.6M | 323.2M | 410.4M | 463.9M | 482.9M | 269.4M | |
Other Current Assets | 136.8M | 203.6M | 152.6M | 197.8M | 153.5M | 101.6M | |
Other Stockholder Equity | 1.1B | 1.1B | 1.1B | 1.2B | 1.1B | 600.0M | |
Total Liab | 5.7B | 5.5B | 5.2B | 4.8B | 4.8B | 3.4B | |
Property Plant And Equipment Gross | 2.4B | 2.3B | 2.1B | 2.0B | 4.8B | 5.1B | |
Total Current Assets | 1.9B | 1.9B | 1.9B | 2.0B | 2.0B | 1.2B | |
Accumulated Other Comprehensive Income | (376.8M) | (432.2M) | (364.8M) | (275.4M) | (262.9M) | (276.0M) | |
Intangible Assets | 864.5M | 780.7M | 697.2M | 616.2M | 532.8M | 366.1M | |
Other Liab | 906.4M | 1.0B | 952.4M | 618.1M | 710.8M | 824.5M | |
Other Assets | 744.1M | 911M | 778.9M | 668M | 768.2M | 517.4M | |
Long Term Debt | 3.6B | 3.4B | 3.1B | 2.8B | 2.8B | 1.9B | |
Good Will | 699.1M | 185.7M | 183.8M | 181.6M | 182.1M | 311.9M | |
Treasury Stock | (209.3M) | (212M) | (216.3M) | (218.2M) | (196.4M) | (206.2M) | |
Property Plant Equipment | 2.4B | 2.2B | 2.0B | 1.9B | 2.2B | 1.7B | |
Current Deferred Revenue | 44.3M | 18.9M | 23.4M | 28.1M | 16.6M | 27.6M | |
Short Term Debt | 28.7M | 36.3M | 43.4M | 97M | 50.1M | 40.0M | |
Net Tangible Assets | (586M) | (595.9M) | (423.2M) | (170.5M) | (153.5M) | (161.1M) | |
Noncontrolling Interest In Consolidated Entity | 4M | 2.4M | 2.8M | 2.7M | 3.1M | 2.0M | |
Retained Earnings Total Equity | 248.6M | (319.8M) | (313.9M) | (249.6M) | (287.0M) | (272.7M) | |
Long Term Debt Total | 3.6B | 3.5B | 3.1B | 2.8B | 3.3B | 2.7B |
Pair Trading with American Axle
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 American Axle 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 American Axle will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
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Moving against American Stock
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0.51 | HMC | Honda Motor Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to American Axle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Axle 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 American Axle - 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 American Axle Manufacturing to buy it.
The correlation of American Axle 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 American Axle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Axle Manufa 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 American Axle 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 American Axle Manufacturing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is American Axle'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 American Axle. If investors know American 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 American Axle 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 (0.65) | Earnings Share (0.29) | Revenue Per Share 52.14 | Quarterly Revenue Growth 0.05 | Return On Assets 0.0198 |
The market value of American Axle Manufa is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Axle's value that differs from its market value or its book value, called intrinsic value, which is American Axle'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 American Axle's market value can be influenced by many factors that don't directly affect American Axle'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 American Axle's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Axle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Axle'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.