Apple Total Assets vs Investments Analysis
AAPL Stock | USD 173.31 3.60 2.12% |
Apple financial indicator trend analysis is way more than just evaluating Apple Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apple Inc is a good investment. Please check the relationship between Apple Total Assets and its Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Total Assets vs Investments
Total Assets vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apple Inc Total Assets account and Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Apple's Total Assets and Investments is 0.35. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Investments in the same time period over historical financial statements of Apple Inc, assuming nothing else is changed. The correlation between historical values of Apple's Total Assets and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Apple Inc are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Total Assets i.e., Apple's Total Assets and Investments go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Apple assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Apple Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Most indicators from Apple's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apple Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Apple's Selling General Administrative is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 20.85 this year, although the value of Tax Provision will most likely fall to about 12 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.9B | 3.9B | 4.5B | 4.7B | Depreciation And Amortization | 11.1B | 11.5B | 13.2B | 13.9B |
Apple fundamental ratios Correlations
Click cells to compare fundamentals
Apple Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Apple fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 323.9B | 351.0B | 352.8B | 352.6B | 405.5B | 425.7B | |
Other Current Liab | 42.7B | 47.5B | 60.8B | 58.8B | 67.7B | 71.0B | |
Total Current Liabilities | 105.4B | 125.5B | 154.0B | 145.3B | 167.1B | 175.5B | |
Total Stockholder Equity | 65.3B | 63.1B | 50.7B | 62.1B | 71.5B | 40.2B | |
Property Plant And Equipment Net | 36.8B | 39.4B | 42.1B | 43.7B | 50.3B | 52.8B | |
Net Debt | 74.4B | 89.8B | 96.4B | 81.1B | 93.3B | 98.0B | |
Retained Earnings | 15.0B | 5.6B | (3.1B) | (214M) | (246.1M) | (233.8M) | |
Cash | 38.0B | 34.9B | 23.6B | 30.0B | 34.5B | 36.2B | |
Non Current Assets Total | 180.2B | 216.2B | 217.4B | 209.0B | 240.4B | 252.4B | |
Non Currrent Assets Other | 42.5B | 48.8B | 54.4B | 64.8B | 74.5B | 78.2B | |
Cash And Short Term Investments | 90.9B | 62.6B | 48.3B | 61.6B | 70.8B | 74.3B | |
Net Receivables | 37.4B | 51.5B | 60.9B | 61.0B | 70.1B | 73.6B | |
Common Stock Shares Outstanding | 17.5B | 16.9B | 16.3B | 15.8B | 18.2B | 21.0B | |
Liabilities And Stockholders Equity | 323.9B | 351.0B | 352.8B | 352.6B | 405.5B | 425.7B | |
Non Current Liabilities Total | 153.2B | 162.4B | 148.1B | 145.1B | 166.9B | 175.2B | |
Inventory | 4.1B | 6.6B | 4.9B | 6.3B | 7.3B | 7.6B | |
Other Current Assets | 11.3B | 14.1B | 21.2B | 14.7B | 16.9B | 17.7B | |
Other Stockholder Equity | (406M) | 163M | (11.1B) | (11.5B) | (10.3B) | (9.8B) | |
Total Liab | 258.5B | 287.9B | 302.1B | 290.4B | 334.0B | 350.7B | |
Total Current Assets | 143.7B | 134.8B | 135.4B | 143.6B | 165.1B | 173.4B | |
Accumulated Other Comprehensive Income | (406M) | 163M | (11.1B) | (11.5B) | (10.3B) | (9.8B) | |
Cash And Equivalents | 38.0B | 34.9B | 23.6B | 30.0B | 34.5B | 36.2B | |
Property Plant Equipment | 36.8B | 39.4B | 42.1B | 43.7B | 50.3B | 52.8B | |
Short Long Term Debt Total | 112.4B | 124.7B | 120.1B | 111.1B | 127.8B | 134.1B | |
Short Term Debt | 13.8B | 15.6B | 21.1B | 15.8B | 18.2B | 19.1B | |
Accounts Payable | 42.3B | 54.8B | 64.1B | 62.6B | 72.0B | 75.6B | |
Property Plant And Equipment Gross | 103.5B | 109.7B | 114.5B | 114.6B | 131.8B | 138.4B | |
Accumulated Depreciation | 58.6B | 66.8B | 70.3B | 72.3B | 83.2B | 87.4B | |
Common Stock Total Equity | 45.2B | 50.8B | 57.4B | 64.8B | 74.6B | 78.3B | |
Short Term Investments | 52.9B | 27.7B | 24.7B | 31.6B | 36.3B | 18.2B | |
Common Stock | 50.8B | 57.4B | 64.8B | 73.8B | 84.9B | 89.1B | |
Other Assets | 34.0B | 38.8B | 54.4B | 54.1B | 62.2B | 65.3B | |
Long Term Debt | 98.7B | 109.1B | 99.0B | 95.3B | 109.6B | 67.6B | |
Current Deferred Revenue | 6.6B | 7.6B | 7.9B | 8.1B | 9.3B | 5.5B | |
Other Liab | 50.5B | 46.1B | 43.1B | 49.1B | 56.5B | 59.3B | |
Net Tangible Assets | 90.5B | 65.3B | 63.1B | 50.7B | 58.3B | 95.6B | |
Retained Earnings Total Equity | 45.9B | 15.0B | 5.6B | (3.1B) | (2.8B) | (2.6B) |
Pair Trading with Apple
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 Apple 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 Apple will appreciate offsetting losses from the drop in the long position's value.Moving together with Apple Stock
0.61 | EMKR | EMCORE Financial Report 2nd of May 2024 | PairCorr |
Moving against Apple Stock
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0.71 | NNDM | Nano Dimension Report 4th of April 2024 | PairCorr |
The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple 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 Apple - 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 Apple Inc to buy it.
The correlation of Apple 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 Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc 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 Apple 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running Apple's price analysis, check to measure Apple'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 Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.
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Is Apple'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 Apple. If investors know Apple 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 Apple 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 0.16 | Dividend Share 0.95 | Earnings Share 6.43 | Revenue Per Share 24.648 | Quarterly Revenue Growth 0.021 |
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple'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 Apple's market value can be influenced by many factors that don't directly affect Apple'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 Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple'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.