APA Inventory vs Non Currrent Assets Other Analysis
APA Stock | USD 30.38 0.50 1.62% |
APA financial indicator trend analysis is way more than just evaluating APA Corporation prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether APA Corporation is a good investment. Please check the relationship between APA Inventory and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in APA Corporation. 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.
Inventory vs Non Currrent Assets Other
Inventory vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of APA Corporation Inventory account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between APA's Inventory and Non Currrent Assets Other is 0.77. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of APA Corporation, assuming nothing else is changed. The correlation between historical values of APA's Inventory and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of APA Corporation are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Inventory i.e., APA's Inventory and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from APA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into APA Corporation 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 APA Corporation. 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 present, APA's Issuance Of Capital Stock is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.07, whereas Selling General Administrative is forecasted to decline to about 231.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 620M | 1.0B | 851M | 1.7B | Cost Of Revenue | 4.4B | 4.8B | 4.1B | 3.2B |
APA fundamental ratios Correlations
Click cells to compare fundamentals
APA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
APA fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.1B | 12.7B | 13.3B | 13.1B | 15.2B | 18.2B | |
Short Long Term Debt Total | 8.6B | 8.8B | 7.5B | 5.5B | 5.3B | 4.5B | |
Other Current Liab | 1.8B | 1.3B | 1.9B | 2.1B | 338M | 321.1M | |
Total Current Liabilities | 1.9B | 1.3B | 2.1B | 2.9B | 2.4B | 1.7B | |
Total Stockholder Equity | 3.3B | (1.6B) | (1.6B) | 423M | 2.7B | 2.5B | |
Property Plant And Equipment Net | 14.2B | 8.8B | 8.3B | 9.0B | 10.0B | 15.3B | |
Net Debt | 8.3B | 8.5B | 7.2B | 5.2B | 5.2B | 4.1B | |
Retained Earnings | (5.6B) | (10.5B) | (9.5B) | (5.8B) | (3.0B) | (2.8B) | |
Cash | 247M | 262M | 302M | 245M | 87M | 82.7M | |
Non Current Assets Total | 16.1B | 10.9B | 10.9B | 10.4B | 12.8B | 16.1B | |
Non Currrent Assets Other | 614M | 526M | 1.2B | 803M | 21M | 20.0M | |
Cash And Short Term Investments | 247M | 262M | 302M | 245M | 87M | 82.7M | |
Net Receivables | 1.1B | 908M | 1.4B | 1.5B | 1.6B | 1.1B | |
Liabilities And Stockholders Equity | 18.1B | 12.7B | 13.3B | 13.1B | 15.2B | 18.2B | |
Non Current Liabilities Total | 11.8B | 12.1B | 11.9B | 8.9B | 9.1B | 8.0B | |
Inventory | 502M | 492M | 473M | 427M | 453M | 303.3M | |
Other Current Assets | 1.7B | 1.6B | 2.1B | 2.5B | 224M | 212.8M | |
Other Stockholder Equity | 8.5B | 8.4B | 7.6B | 6.0B | 5.3B | 5.2B | |
Total Liab | 13.6B | 13.4B | 14.0B | 11.8B | 11.6B | 9.8B | |
Property Plant And Equipment Gross | 14.2B | 8.8B | 8.3B | 43.6B | 46.2B | 48.5B | |
Total Current Assets | 2.0B | 1.8B | 2.4B | 2.7B | 2.5B | 2.1B | |
Short Term Debt | 150M | 11M | 2M | 215M | 118M | 112.1M | |
Accounts Payable | 695M | 444M | 731M | 771M | 658M | 544.3M | |
Common Stock Total Equity | 259M | 260M | 261M | 262M | 301.3M | 247.6M | |
Common Stock | 259M | 260M | 261M | 262M | 263M | 252.5M | |
Other Liab | 2.4B | 2.7B | 3.7B | 3.3B | 3.8B | 2.8B | |
Other Assets | 730M | 2.1B | 4.7B | 3.9B | 4.5B | 4.7B | |
Long Term Debt | 8.6B | 8.8B | 7.3B | 5.5B | 5.2B | 6.7B | |
Property Plant Equipment | 14.2B | 43.0B | 40.5B | 41.2B | 47.4B | 28.9B | |
Current Deferred Revenue | (695M) | (444M) | (731M) | 1.3B | 1.2B | 1.2B | |
Net Tangible Assets | 3.8B | (1.0B) | 94M | 2.3B | 2.0B | 1.9B | |
Noncontrolling Interest In Consolidated Entity | 1.2B | 994M | 878M | 984M | 885.6M | 841.3M | |
Retained Earnings Total Equity | (5.6B) | (10.5B) | (9.3B) | (5.8B) | (5.2B) | (4.9B) |
APA Investors Sentiment
The influence of APA'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 APA. 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 APA's public news can be used to forecast risks associated with an investment in APA. The trend in average sentiment can be used to explain how an investor holding APA can time the market purely based on public headlines and social activities around APA Corporation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
APA'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 APA'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 APA's news discussions. The higher the estimated score, the more favorable is the investor's outlook on APA.
APA Implied Volatility | 24.5 |
APA's implied volatility exposes the market's sentiment of APA Corporation stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if APA'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 APA stock will not fluctuate a lot when APA'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 APA 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, APA's short interest history, or implied volatility extrapolated from APA options trading.
Pair Trading with APA
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 APA 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 APA will appreciate offsetting losses from the drop in the long position's value.Moving together with APA Stock
0.71 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
0.85 | SD | SandRidge Energy | PairCorr |
0.66 | SM | SM Energy | PairCorr |
Moving against APA Stock
0.47 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to APA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace APA 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 APA - 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 APA Corporation to buy it.
The correlation of APA 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 APA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if APA Corporation 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 APA 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 APA Corporation. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for APA Stock analysis
When running APA's price analysis, check to measure APA'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 APA is operating at the current time. Most of APA's value examination focuses on studying past and present price action to predict the probability of APA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move APA's price. Additionally, you may evaluate how the addition of APA to your portfolios can decrease your overall portfolio volatility.
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Is APA'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 APA. If investors know APA 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 APA 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 (0.44) | Dividend Share 1 | Earnings Share 8.91 | Revenue Per Share 26.437 | Quarterly Revenue Growth (0.01) |
The market value of APA Corporation is measured differently than its book value, which is the value of APA that is recorded on the company's balance sheet. Investors also form their own opinion of APA's value that differs from its market value or its book value, called intrinsic value, which is APA'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 APA's market value can be influenced by many factors that don't directly affect APA'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 APA's value and its price as these two are different measures arrived at by different means. Investors typically determine if APA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, APA'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.