Alliance Resource Partners Stock Net Asset
Alliance Resource Partners fundamentals help investors to digest information that contributes to Alliance Resource's financial success or failures. It also enables traders to predict the movement of Alliance Stock. The fundamental analysis module provides a way to measure Alliance Resource'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 Alliance Resource stock.
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Alliance Resource Partners Company Net Asset Analysis
Alliance Resource's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Alliance Resource Net Asset | 2.79 B |
Most of Alliance Resource's fundamental indicators, such as Net Asset, 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, Alliance Resource Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
CompetitionBased on the recorded statements, Alliance Resource Partners has a Net Asset of 2.79 B. This is much higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The net asset for all United States stocks is notably lower than that of the firm.
Alliance Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alliance Resource's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Alliance Resource could also be used in its relative valuation, which is a method of valuing Alliance Resource by comparing valuation metrics of similar companies.Alliance Resource is currently under evaluation in net asset category among its peers.
Alliance Fundamentals
| Return On Equity | 0.29 | ||||
| Return On Asset | 0.12 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 3.58 B | ||||
| Shares Outstanding | 128.06 M | ||||
| Shares Owned By Insiders | 29.77 % | ||||
| Shares Owned By Institutions | 18.40 % | ||||
| Number Of Shares Shorted | 3.36 M | ||||
| Price To Earning | 7.18 X | ||||
| Price To Book | 1.72 X | ||||
| Price To Sales | 1.31 X | ||||
| Revenue | 2.57 B | ||||
| Gross Profit | 1.01 B | ||||
| EBITDA | 940.38 M | ||||
| Net Income | 630.12 M | ||||
| Cash And Equivalents | 278.47 M | ||||
| Cash Per Share | 2.19 X | ||||
| Total Debt | 350.82 M | ||||
| Debt To Equity | 0.30 % | ||||
| Current Ratio | 2.34 X | ||||
| Book Value Per Share | 14.92 X | ||||
| Cash Flow From Operations | 830.64 M | ||||
| Short Ratio | 15.84 X | ||||
| Earnings Per Share | 4.04 X | ||||
| Price To Earnings To Growth | (1.04) X | ||||
| Target Price | 27.0 | ||||
| Number Of Employees | 3.6 K | ||||
| Beta | 1.15 | ||||
| Market Capitalization | 3.28 B | ||||
| Total Asset | 2.79 B | ||||
| Retained Earnings | 577.42 M | ||||
| Working Capital | 288.65 M | ||||
| Current Asset | 314.9 M | ||||
| Current Liabilities | 422.15 M | ||||
| Annual Yield | 0.11 % | ||||
| Five Year Return | 16.80 % | ||||
| Net Asset | 2.79 B | ||||
| Last Dividend Paid | 2.8 |
Pair Trading with Alliance Resource
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 Alliance Resource 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 Alliance Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Alliance Stock
| 0.89 | BTU | Peabody Energy Corp Earnings Call This Week | PairCorr |
| 0.8 | NRP | Natural Resource Partners | PairCorr |
| 0.91 | CEIX | Consol Energy | PairCorr |
Moving against Alliance Stock
| 0.59 | EC | Ecopetrol SA ADR | PairCorr |
| 0.5 | DK | Delek Energy | PairCorr |
| 0.48 | NR | Newpark Resources | PairCorr |
| 0.36 | DINO | HF Sinclair Corp | PairCorr |
| 0.35 | NE | Noble plc | PairCorr |
The ability to find closely correlated positions to Alliance Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alliance Resource 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 Alliance Resource - 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 Alliance Resource Partners to buy it.
The correlation of Alliance Resource 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 Alliance Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alliance Resource 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 Alliance Resource 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.Additional Tools for Alliance Stock Analysis
When running Alliance Resource's price analysis, check to measure Alliance Resource'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 Alliance Resource is operating at the current time. Most of Alliance Resource's value examination focuses on studying past and present price action to predict the probability of Alliance Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alliance Resource's price. Additionally, you may evaluate how the addition of Alliance Resource to your portfolios can decrease your overall portfolio volatility.