Ambev Cash vs Short Term Investments Analysis
ABEV Stock | USD 2.24 0.04 1.82% |
Ambev SA financial indicator trend analysis is way more than just evaluating Ambev SA ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ambev SA ADR is a good investment. Please check the relationship between Ambev SA Cash and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ambev SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Cash vs Short Term Investments
Cash vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ambev SA ADR Cash account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Ambev SA's Cash and Short Term Investments is 0.26. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Ambev SA ADR, assuming nothing else is changed. The correlation between historical values of Ambev SA's Cash and Short Term 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 Cash of Ambev SA ADR are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., Ambev SA's Cash and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Ambev SA ADR, which is listed under current asset account on Ambev SA ADR balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ambev SA customers. The amounts must be unrestricted with restricted cash listed in a different Ambev SA account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Short Term Investments
Short Term Investments is an item under the current assets section of Ambev SA balance sheet. It contains any investments Ambev SA ADR undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ambev SA ADR can easily liquidate in the marketplace.Most indicators from Ambev SA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ambev SA ADR 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 Ambev SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. Selling General Administrative is likely to climb to about 5.5 B in 2024, whereas Tax Provision is likely to drop slightly above 71.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 37.2B | 39.3B | 37.6B | 20.0B | Total Revenue | 72.9B | 79.7B | 79.7B | 83.7B |
Ambev SA fundamental ratios Correlations
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Ambev SA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ambev SA fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 101.7B | 125.2B | 138.6B | 138.0B | 135.1B | 141.9B | |
Short Long Term Debt Total | 3.1B | 4.8B | 3.1B | 3.8B | 3.5B | 3.8B | |
Other Current Liab | 1.9B | 2.2B | 2.8B | 15.2B | 15.6B | 16.3B | |
Total Current Liabilities | 25.0B | 33.5B | 38.9B | 40.5B | 41.0B | 43.1B | |
Total Stockholder Equity | 61.3B | 73.8B | 82.6B | 82.0B | 79.0B | 82.9B | |
Property Plant And Equipment Net | 22.6B | 24.8B | 29.2B | 30.1B | 26.6B | 28.0B | |
Net Debt | (8.8B) | (12.3B) | (13.5B) | (11.1B) | (12.6B) | (11.9B) | |
Accounts Payable | 15.1B | 19.3B | 25.1B | 24.3B | 21.3B | 22.3B | |
Cash | 11.9B | 17.1B | 16.6B | 14.9B | 16.1B | 16.9B | |
Non Current Assets Total | 74.1B | 89.9B | 100.0B | 100.1B | 98.6B | 103.5B | |
Non Currrent Assets Other | 6.8B | 12.4B | 14.4B | 13.3B | 11.9B | 12.5B | |
Cash And Short Term Investments | 11.9B | 18.8B | 18.5B | 15.4B | 16.3B | 17.2B | |
Net Receivables | 8.6B | 7.6B | 7.4B | 8.2B | 9.2B | 4.8B | |
Common Stock Shares Outstanding | 15.9B | 15.9B | 15.9B | 15.8B | 15.8B | 15.7B | |
Short Term Investments | 14.6M | 1.7B | 1.9B | 454.5M | 277.2M | 459.7M | |
Liabilities And Stockholders Equity | 101.7B | 125.2B | 138.6B | 138.0B | 135.1B | 141.9B | |
Non Current Liabilities Total | 14.2B | 16.6B | 15.7B | 14.1B | 14.0B | 9.3B | |
Inventory | 6.0B | 7.6B | 11.0B | 12.9B | 9.6B | 10.1B | |
Other Current Assets | 985.5M | 850.1M | 1.1B | 1.0B | 1.4B | 1.7B | |
Other Stockholder Equity | (20.9B) | (25.9B) | (31.2B) | (14.8B) | (1.0B) | (1.1B) | |
Total Liab | 39.2B | 50.0B | 54.6B | 54.6B | 55.0B | 29.0B | |
Property Plant And Equipment Gross | 22.6B | 24.8B | 68.4B | 71.9B | 69.9B | 73.4B | |
Total Current Assets | 27.6B | 35.3B | 38.6B | 37.8B | 36.6B | 38.4B | |
Accumulated Other Comprehensive Income | 3.4B | 15.9B | 24.6B | 23.8B | 4.4B | 7.6B | |
Short Term Debt | 653.1M | 2.7B | 847.1M | 1.1B | 1.3B | 1.8B | |
Retained Earnings | 20.9B | 25.9B | 31.2B | 14.8B | 17.4B | 9.3B | |
Intangible Assets | 6.3B | 7.6B | 8.7B | 9.2B | 10.0B | 5.0B | |
Other Liab | 11.8B | 14.5B | 13.5B | 11.3B | 13.0B | 13.6B | |
Other Assets | 20.0B | 200K | 100K | 19.7B | 22.7B | 23.8B | |
Long Term Debt | 697.8M | 2.1B | 2.3B | 2.8B | 391M | 371.5M | |
Good Will | 35.0B | 40.0B | 42.4B | 40.6B | 38.0B | 25.7B | |
Common Stock | 57.9B | 57.9B | 58.0B | 58.1B | 58.2B | 41.5B | |
Property Plant Equipment | 22.6B | 24.8B | 29.2B | 30.1B | 34.6B | 36.3B | |
Current Deferred Revenue | 7.4B | 9.2B | 10.1B | 2.9B | 3.3B | 3.2B | |
Net Tangible Assets | 20.0B | 26.2B | 31.5B | 32.1B | 37.0B | 18.9B | |
Long Term Investments | 467M | 551.3M | 498.1M | 551M | 531.3M | 417.7M | |
Short Long Term Debt | 217.1M | 2.7B | 847.1M | 1.1B | 151.2M | 143.6M | |
Capital Lease Obligations | 2.1B | 2.1B | 2.6B | 3.1B | 3.0B | 1.6B |
Pair Trading with Ambev SA
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 Ambev SA 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 Ambev SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Ambev Stock
Moving against Ambev Stock
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0.63 | BJ | BJs Wholesale Club | PairCorr |
0.6 | K | Kellanova Earnings Call This Week | PairCorr |
0.58 | CAG | ConAgra Foods Financial Report 11th of July 2024 | PairCorr |
0.55 | PPC | Pilgrims Pride Corp | PairCorr |
The ability to find closely correlated positions to Ambev SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ambev SA 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 Ambev SA - 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 Ambev SA ADR to buy it.
The correlation of Ambev SA 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 Ambev SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ambev SA ADR 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 Ambev SA 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.Additional Tools for Ambev Stock Analysis
When running Ambev SA's price analysis, check to measure Ambev SA'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 Ambev SA is operating at the current time. Most of Ambev SA's value examination focuses on studying past and present price action to predict the probability of Ambev SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ambev SA's price. Additionally, you may evaluate how the addition of Ambev SA to your portfolios can decrease your overall portfolio volatility.