Ashland Pretax Profit Margin from 2010 to 2024

ASH Stock  USD 93.57  1.66  1.74%   
Ashland Global's Pretax Profit Margin is increasing with stable movements from year to year. Pretax Profit Margin is estimated to finish at 0.09 this year. For the period between 2010 and 2024, Ashland Global, Pretax Profit Margin quarterly trend regression had mean deviation of  0.05 and range of 0.338. View All Fundamentals
 
Pretax Profit Margin  
First Reported
2010-12-31
Previous Quarter
0.084
Current Value
0.0882
Quarterly Volatility
0.07943496
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Ashland Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ashland main balance sheet or income statement drivers, such as Depreciation And Amortization of 309.9 M, Interest Expense of 6.6 M or Selling General Administrative of 262.5 M, as well as many exotic indicators such as Price To Sales Ratio of 1.87, Dividend Yield of 0.0192 or PTB Ratio of 1.32. Ashland financial statements analysis is a perfect complement when working with Ashland Global Valuation or Volatility modules.
  
This module can also supplement Ashland Global's financial leverage analysis and stock options assessment as well as various Ashland Global Technical models . Check out the analysis of Ashland Global Correlation against competitors.

Latest Ashland Global's Pretax Profit Margin Growth Pattern

Below is the plot of the Pretax Profit Margin of Ashland Global Holdings over the last few years. It is Ashland Global's Pretax Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ashland Global's overall financial position and show how it may be relating to other accounts over time.
Pretax Profit Margin10 Years Trend
Pretty Stable
   Pretax Profit Margin   
       Timeline  

Ashland Pretax Profit Margin Regression Statistics

Arithmetic Mean0.03
Geometric Mean0.04
Coefficient Of Variation301.51
Mean Deviation0.05
Median0.03
Standard Deviation0.08
Sample Variance0.01
Range0.338
R-Value0.16
Mean Square Error0.01
R-Squared0.02
Significance0.58
Slope0
Total Sum of Squares0.09

Ashland Pretax Profit Margin History

2024 0.0882
2023 0.084
2022 0.073
2021 0.0862
2020 0.064
2019 -0.22
2018 0.0281

About Ashland Global Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Ashland Global income statement, its balance sheet, and the statement of cash flows. Ashland Global investors use historical funamental indicators, such as Ashland Global's Pretax Profit Margin, to determine how well the company is positioned to perform in the future. Although Ashland Global investors may use each financial statement separately, they are all related. The changes in Ashland Global's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ashland Global's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Ashland Global Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ashland Global. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.08  0.09 

Pair Trading with Ashland Global

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 Ashland Global 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 Ashland Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ashland Stock

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Moving against Ashland Stock

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The ability to find closely correlated positions to Ashland Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashland Global 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 Ashland Global - 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 Ashland Global Holdings to buy it.
The correlation of Ashland Global 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 Ashland Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashland Global Holdings 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 Ashland Global 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
When determining whether Ashland Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ashland Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ashland Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ashland Global Holdings Stock:
Check out the analysis of Ashland Global Correlation against competitors.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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Is Ashland Global'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 Ashland Global. If investors know Ashland 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 Ashland Global 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
(0.31)
Dividend Share
1.49
Earnings Share
2.91
Revenue Per Share
40.938
Quarterly Revenue Growth
(0.1)
The market value of Ashland Global Holdings is measured differently than its book value, which is the value of Ashland that is recorded on the company's balance sheet. Investors also form their own opinion of Ashland Global's value that differs from its market value or its book value, called intrinsic value, which is Ashland Global'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 Ashland Global's market value can be influenced by many factors that don't directly affect Ashland Global'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 Ashland Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashland Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashland Global'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.