Altria Non Current Liabilities Other from 2010 to 2025
| MO Stock | USD 60.61 1.13 1.90% |
Non Current Liabilities Other | First Reported 2009-06-30 | Previous Quarter 365 M | Current Value 370 M | Quarterly Volatility 1.7 B |
Check Altria financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altria's main balance sheet or income statement drivers, such as Depreciation And Amortization of 271.7 M, Interest Expense of 1.2 B or Selling General Administrative of 203.3 M, as well as many indicators such as Price To Sales Ratio of 4.61, Dividend Yield of 0.13 or Days Sales Outstanding of 4.58. Altria financial statements analysis is a perfect complement when working with Altria Valuation or Volatility modules.
Altria | Non Current Liabilities Other | Build AI portfolio with Altria Stock |
Latest Altria's Non Current Liabilities Other Growth Pattern
Below is the plot of the Non Current Liabilities Other of Altria Group over the last few years. It is Altria's Non Current Liabilities Other historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Altria's overall financial position and show how it may be relating to other accounts over time.
| Non Current Liabilities Other | 10 Years Trend |
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Non Current Liabilities Other |
| Timeline |
Altria Non Current Liabilities Other Regression Statistics
| Arithmetic Mean | 1,217,609,375 | |
| Geometric Mean | 722,251,426 | |
| Coefficient Of Variation | 124.28 | |
| Mean Deviation | 1,041,369,141 | |
| Median | 544,000,000 | |
| Standard Deviation | 1,513,303,607 | |
| Sample Variance | 2290087.8T | |
| Range | 4.7B | |
| R-Value | (0.64) | |
| Mean Square Error | 1452763.1T | |
| R-Squared | 0.41 | |
| Significance | 0.01 | |
| Slope | (203,011,397) | |
| Total Sum of Squares | 34351317.1T |
Altria Non Current Liabilities Other History
About Altria Financial Statements
Altria investors utilize fundamental indicators, such as Non Current Liabilities Other, to predict how Altria Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Non Current Liabilities Other | 365 M | 346.8 M |
Pair Trading with Altria
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 Altria 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 Altria will appreciate offsetting losses from the drop in the long position's value.Moving together with Altria Stock
| 0.79 | PM | Philip Morris Intern | PairCorr |
| 0.89 | BTI | British American Tobacco | PairCorr |
| 0.76 | BUD | Anheuser Busch Inbev Sell-off Trend | PairCorr |
Moving against Altria Stock
| 0.72 | ISPR | Ispire Technology Common | PairCorr |
| 0.58 | TAP | Molson Coors Brewing | PairCorr |
| 0.53 | XXII | 22nd Century Group | PairCorr |
| 0.47 | BRCC | BRC Inc | PairCorr |
| 0.42 | KAVL | Kaival Brands Innovations | PairCorr |
The ability to find closely correlated positions to Altria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altria 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 Altria - 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 Altria Group to buy it.
The correlation of Altria 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 Altria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altria Group 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 Altria 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 the analysis of Altria Correlation against competitors. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Tobacco 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 Altria. If investors know Altria 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 Altria 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 (0.47) | Dividend Share 4.04 | Earnings Share 5.96 | Revenue Per Share | Quarterly Revenue Growth (0.04) |
The market value of Altria Group is measured differently than its book value, which is the value of Altria that is recorded on the company's balance sheet. Investors also form their own opinion of Altria's value that differs from its market value or its book value, called intrinsic value, which is Altria'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 Altria's market value can be influenced by many factors that don't directly affect Altria'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 Altria's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altria is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altria'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.