Aflac Other Assets vs Other Stockholder Equity Analysis
AFL Stock | USD 83.61 0.12 0.14% |
Aflac Incorporated financial indicator trend analysis is way more than just evaluating Aflac Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aflac Incorporated is a good investment. Please check the relationship between Aflac Incorporated Other Assets and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aflac Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.
Other Assets vs Other Stockholder Equity
Other Assets vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aflac Incorporated Other Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Aflac Incorporated's Other Assets and Other Stockholder Equity is -0.46. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Aflac Incorporated, assuming nothing else is changed. The correlation between historical values of Aflac Incorporated's Other Assets and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Aflac Incorporated are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Other Assets i.e., Aflac Incorporated's Other Assets and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Assets
Other Stockholder Equity
Most indicators from Aflac Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aflac Incorporated 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 Aflac Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.At this time, Aflac Incorporated's Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 1,407 this year, although the value of Issuance Of Capital Stock will most likely fall to about 10.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 22.1B | 19.1B | 18.7B | 14.3B | Interest Expense | 238M | 226M | 195M | 107.4M |
Aflac Incorporated fundamental ratios Correlations
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Aflac Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aflac Incorporated fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 152.8B | 165.1B | 157.5B | 131.7B | 130.9B | 75.2B | |
Short Long Term Debt Total | 6.6B | 7.9B | 8.0B | 7.4B | 7.4B | 7.8B | |
Total Stockholder Equity | 29.0B | 33.6B | 33.3B | 20.1B | 22.0B | 11.1B | |
Net Debt | 1.7B | 2.8B | 2.9B | 3.5B | 3.1B | 3.2B | |
Retained Earnings | 34.3B | 38.0B | 41.4B | 44.4B | 48.0B | 50.4B | |
Other Assets | (66.9B) | (79.0B) | 157.5B | (45.0B) | 85.3B | 89.6B | |
Common Stock Shares Outstanding | 746.4M | 716.2M | 676.7M | 637.7M | 598.7M | 806.5M | |
Liabilities And Stockholders Equity | 152.8B | 165.1B | 157.5B | 131.7B | 130.9B | 75.2B | |
Non Current Liabilities Total | 6.6B | 7.9B | 8.0B | 92.0B | 106.7B | 112.0B | |
Other Stockholder Equity | (12.1B) | (13.5B) | (15.7B) | (17.9B) | (20.6B) | (19.6B) | |
Total Liab | 6.6B | 7.9B | 124.3B | 111.6B | 108.9B | 57.4B | |
Total Current Liabilities | 5.4B | 4.7B | 8.0B | 1.3B | 2.2B | 2.1B | |
Property Plant And Equipment Net | 581M | 601M | 538M | 530M | 445M | 505.5M | |
Non Current Assets Total | 122.7B | 132.2B | 538M | 96.4B | 123.6B | 129.7B | |
Net Receivables | 828M | 796M | 693M | 647M | 848M | 603.9M | |
Other Current Assets | 7.4B | 7.8B | 43.7B | 7.2B | 7.3B | 6.8B | |
Property Plant And Equipment Gross | 434M | 443M | 581M | 601M | 691.2M | 485.5M | |
Total Current Assets | 97.0B | 111.8B | 143.7B | 80.3B | 7.3B | 7.0B | |
Short Term Debt | 53M | 56M | 8.0B | 55M | 52M | 49.4M | |
Intangible Assets | 10.1B | 10.4B | 9.5B | 8.6B | 9.9B | 10.4B | |
Accumulated Other Comprehensive Income | 6.6B | 8.9B | 7.4B | (6.4B) | (5.5B) | (5.2B) | |
Other Current Liab | 5.3B | 4.6B | 4.3B | 1.2B | 2.2B | 2.1B | |
Accounts Payable | 5.4B | 4.7B | 4.3B | 1.3B | 1.5B | 1.4B | |
Cash | 4.9B | 5.1B | 5.1B | 3.9B | 4.3B | 2.7B | |
Non Currrent Assets Other | (16.3B) | (18.9B) | (143.0B) | (14.1B) | 11.7B | 12.3B | |
Cash And Short Term Investments | 96.2B | 111.0B | 103.7B | 79.7B | 77.6B | 81.5B | |
Short Term Investments | 91.3B | 105.9B | 98.7B | 75.7B | 1.4B | 1.4B | |
Other Liab | 102.2B | 123.6B | 116.3B | 91.7B | 105.5B | 66.4B | |
Long Term Debt | 6.4B | 7.9B | 7.8B | 7.4B | 7.2B | 4.2B | |
Treasury Stock | (14.4B) | (15.9B) | (18.2B) | (20.6B) | (18.5B) | (17.6B) | |
Property Plant Equipment | 581M | 601M | 538M | 530M | 609.5M | 561.5M | |
Retained Earnings Total Equity | 34.3B | 38.0B | 41.4B | 44.6B | 51.3B | 27.7B | |
Net Tangible Assets | 29.0B | 33.6B | 33.3B | 22.4B | 25.7B | 24.2B | |
Long Term Debt Total | 6.4B | 7.9B | 7.9B | 7.4B | 8.6B | 6.6B | |
Capital Surpluse | 2.3B | 2.4B | 2.5B | 2.6B | 3.0B | 2.2B | |
Long Term Investments | 772M | 144.1B | 115.1B | 80.6B | 92.2B | 53.5B |
Aflac Incorporated Investors Sentiment
The influence of Aflac Incorporated's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aflac. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Aflac Incorporated's public news can be used to forecast risks associated with an investment in Aflac. The trend in average sentiment can be used to explain how an investor holding Aflac can time the market purely based on public headlines and social activities around Aflac Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Aflac Incorporated's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Aflac Incorporated's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Aflac Incorporated's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aflac Incorporated.
Aflac Incorporated Implied Volatility | 18.77 |
Aflac Incorporated's implied volatility exposes the market's sentiment of Aflac Incorporated stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aflac Incorporated's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Aflac Incorporated stock will not fluctuate a lot when Aflac Incorporated's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aflac Incorporated in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aflac Incorporated's short interest history, or implied volatility extrapolated from Aflac Incorporated options trading.
Pair Trading with Aflac Incorporated
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 Aflac Incorporated 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 Aflac Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving against Aflac Stock
0.6 | CIA | Citizens | PairCorr |
0.47 | FLFG | Federal Life Group | PairCorr |
The ability to find closely correlated positions to Aflac Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aflac Incorporated 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 Aflac Incorporated - 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 Aflac Incorporated to buy it.
The correlation of Aflac Incorporated 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 Aflac Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aflac Incorporated 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 Aflac Incorporated 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 Aflac Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.Note that the Aflac Incorporated information on this page should be used as a complementary analysis to other Aflac Incorporated'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 the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Aflac Stock analysis
When running Aflac Incorporated's price analysis, check to measure Aflac Incorporated'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 Aflac Incorporated is operating at the current time. Most of Aflac Incorporated's value examination focuses on studying past and present price action to predict the probability of Aflac Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aflac Incorporated's price. Additionally, you may evaluate how the addition of Aflac Incorporated to your portfolios can decrease your overall portfolio volatility.
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Is Aflac Incorporated'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 Aflac Incorporated. If investors know Aflac 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 Aflac Incorporated 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 0.435 | Dividend Share 1.68 | Earnings Share 7.78 | Revenue Per Share 31.368 | Quarterly Revenue Growth (0.04) |
The market value of Aflac Incorporated is measured differently than its book value, which is the value of Aflac that is recorded on the company's balance sheet. Investors also form their own opinion of Aflac Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Aflac Incorporated'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 Aflac Incorporated's market value can be influenced by many factors that don't directly affect Aflac Incorporated'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 Aflac Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aflac Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aflac Incorporated'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.