Albany Enterprise Value Over E B I T D A from 2010 to 2025
| AIN Stock | USD 47.39 0.16 0.34% |
Enterprise Value Over EBITDA | First Reported 2010-12-31 | Previous Quarter 21.08313911 | Current Value 32.95 | Quarterly Volatility 11.62863363 |
Check Albany International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Albany International's main balance sheet or income statement drivers, such as Interest Expense of 31.9 M, Selling General Administrative of 187.1 M or Total Revenue of 861.1 M, as well as many indicators such as Price To Sales Ratio of 1.02, Dividend Yield of 0.0166 or PTB Ratio of 1.88. Albany financial statements analysis is a perfect complement when working with Albany International Valuation or Volatility modules.
Albany | Enterprise Value Over E B I T D A | Build AI portfolio with Albany Stock |
Pair Trading with Albany International
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 Albany International 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 Albany International will appreciate offsetting losses from the drop in the long position's value.Moving together with Albany Stock
Moving against Albany Stock
| 0.74 | PH | Parker Hannifin | PairCorr |
| 0.71 | MLI | Mueller Industries | PairCorr |
| 0.54 | HI | Hillenbrand Sell-off Trend | PairCorr |
| 0.49 | 301148 | Xiamen Jiarong Technology | PairCorr |
| 0.44 | RFG | Roebuck Food Group | PairCorr |
The ability to find closely correlated positions to Albany International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Albany International 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 Albany International - 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 Albany International to buy it.
The correlation of Albany International 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 Albany International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Albany International 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 Albany International 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 Albany International Correlation against competitors. To learn how to invest in Albany Stock, please use our How to Invest in Albany International guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Industrial Machinery & Supplies & Components 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 Albany International. If investors know Albany 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 Albany International 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 (0.61) | Dividend Share 1.08 | Earnings Share (1.89) | Revenue Per Share | Quarterly Revenue Growth (0.12) |
The market value of Albany International is measured differently than its book value, which is the value of Albany that is recorded on the company's balance sheet. Investors also form their own opinion of Albany International's value that differs from its market value or its book value, called intrinsic value, which is Albany International'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 Albany International's market value can be influenced by many factors that don't directly affect Albany International'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 Albany International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Albany International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albany International'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.