Associated Piotroski F Score

AC
 Stock
  

USD 40.37  0.23  0.57%   

This module uses fundamental data of Associated Capital to approximate its Piotroski F score. Associated Capital F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Associated Capital Group. 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 Associated Capital financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to Associated Capital Altman Z Score, Associated Capital Correlation, Associated Capital Valuation, as well as analyze Associated Capital Alpha and Beta and Associated Capital Hype Analysis.
  
Associated Capital Total Debt is projected to increase significantly based on the last few years of reporting. The past year's Total Debt was at 12.9 Million. The current year Debt to Equity Ratio is expected to grow to 0.08, whereas Issuance Repayment of Debt Securities is forecasted to decline to (2.4 K). Associated Capital Cash and Equivalents Turnover is projected to slightly decrease based on the last few years of reporting. The past year's Cash and Equivalents Turnover was at 0.07. The current year Cash Flow Per Share is expected to grow to 3.31, whereas Calculated Tax Rate is forecasted to decline to (45.60) .
At this time, it appears that Associated Capital's Piotroski F Score is Healthy. 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 - Healthy
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

Associated Capital Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Associated Capital is to make sure Associated is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Associated Capital'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 Associated Capital's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted28.1 M26.5 M
Notably Up
Increasing
Very volatile
Weighted Average Shares27.9 M26.5 M
Notably Up
Increasing
Stable
Return on Average Assets(6.99)(6.81)
Fairly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations74.8 M69.3 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities53.9 M35.1 M
Way Up
Decreasing
Slightly volatile
Total Liabilities112.1 M101.4 M
Significantly Up
Decreasing
Very volatile
Gross Margin0.680.597
Fairly Up
Decreasing
Slightly volatile
Total Debt13.1 M12.9 M
Fairly Up
Increasing
Slightly volatile
Asset Turnover0.03090.0267
Fairly Up
Decreasing
Slightly volatile
Current Assets316.4 M369.8 M
Fairly Down
Increasing
Slightly volatile
Total Assets809.6 M859 M
Notably Down
Increasing
Slightly volatile

Associated Capital 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 Associated Capital's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Associated Capital in a much-optimized way.

About Associated Capital 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.

Operating Margin

(73.43)

Associated Capital Operating Margin is projected to drop based on the last few years of reporting. The past year's Operating Margin was at -68.05

Associated Capital Current Valuation Drivers

We derive many important indicators used in calculating different scores of Associated Capital from analyzing Associated Capital's financial statements. These drivers represent accounts that assess Associated Capital's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Associated Capital's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(1.54 K)141.53 K124.47 K(937.08 K)(1.08 M)(1.11 M)
Revenue Per Employee317.25 K432.52 K379.08 K367.4 K422.51 K433.63 K
Average Assets957.73 M982.42 M1 B1.03 B1.25 B1.2 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(6.02 M)2.28 M(3.99 M)(81.96 M)(94.26 M)(96.74 M)
Earnings Before Interest Taxes and Depreciation Amortization USD6.66 M(69.29 M)52.05 M28.42 M77.6 M83.72 M
Earnings before Tax6.42 M(69.58 M)51.81 M28.19 M76.91 M82.98 M
Average Equity896.28 M897.45 M889.61 M855.67 M928.82 M958.75 M
Enterprise Value574.98 M469.58 M556.12 M736.03 M392.32 M502.73 M
Free Cash Flow(67.62 M)76.98 M(48.48 M)(290.57 M)238.19 M257 M
Invested Capital716.11 M550.92 M681.8 M1.15 B1.21 B1.05 B
Invested Capital Average671.51 M662.5 M660.83 M897.38 M985.9 M906.87 M
Market Capitalization808.23 M796.11 M881.58 M783.36 M948.5 M981.08 M
Tangible Asset Value1 B950.91 M1.01 B1.17 B1.2 B1.18 B

About Associated Capital Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Associated Capital Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Associated Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Associated Capital Group 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.
Associated Capital Group, Inc. provides investment advisory services in the United States. The company was founded in 1976 and is headquartered in Greenwich, Connecticut. Associated Capital operates under Capital Markets classification in the United States and is traded on New York Stock Exchange. It employs 25 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Associated Capital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Associated Capital

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 Associated Capital 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 Associated Capital will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Associated Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Associated Capital 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 Associated Capital - 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 Associated Capital Group to buy it.
The correlation of Associated Capital is a statistical measure of how it moves in relation to other equities. 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 Associated Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Associated Capital 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 Associated Capital 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
Please continue to Associated Capital Altman Z Score, Associated Capital Correlation, Associated Capital Valuation, as well as analyze Associated Capital Alpha and Beta and Associated Capital Hype Analysis. Note that the Associated Capital information on this page should be used as a complementary analysis to other Associated Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Associated Stock analysis

When running Associated Capital price analysis, check to measure Associated Capital'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 Associated Capital is operating at the current time. Most of Associated Capital's value examination focuses on studying past and present price action to predict the probability of Associated Capital's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Associated Capital's price. Additionally, you may evaluate how the addition of Associated Capital to your portfolios can decrease your overall portfolio volatility.
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Is Associated Capital'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 Associated Capital. If investors know Associated 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 Associated Capital 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 YOY
(0.81) 
Market Capitalization
901 M
Quarterly Revenue Growth YOY
0.21
Return On Assets
(0.0063) 
Return On Equity
(0.0489) 
The market value of Associated Capital is measured differently than its book value, which is the value of Associated that is recorded on the company's balance sheet. Investors also form their own opinion of Associated Capital's value that differs from its market value or its book value, called intrinsic value, which is Associated Capital'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 Associated Capital's market value can be influenced by many factors that don't directly affect Associated Capital'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 Associated Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine Associated Capital value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Associated Capital'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.