Ashland Depreciation And Amortization vs Interest Expense Analysis
ASH Stock | USD 96.06 0.86 0.90% |
Ashland Global financial indicator trend analysis is way more than just evaluating Ashland Global Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashland Global Holdings is a good investment. Please check the relationship between Ashland Global Depreciation And Amortization and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashland Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Depreciation And Amortization vs Interest Expense
Depreciation And Amortization vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashland Global Holdings Depreciation And Amortization account and Interest Expense. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ashland Global's Depreciation And Amortization and Interest Expense is 0.82. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Ashland Global Holdings, assuming nothing else is changed. The correlation between historical values of Ashland Global's Depreciation And Amortization and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Ashland Global Holdings are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Depreciation And Amortization i.e., Ashland Global's Depreciation And Amortization and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Ashland Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashland Global Holdings 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 Ashland Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. As of now, Ashland Global's Enterprise Value Over EBITDA is increasing as compared to previous years. The Ashland Global's current Enterprise Value Multiple is estimated to increase to 12.59, while Selling General Administrative is projected to decrease to under 310.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 830M | 668M | 601.2M | 571.1M | Total Revenue | 2.4B | 2.2B | 2.0B | 1.9B |
Ashland Global fundamental ratios Correlations
Click cells to compare fundamentals
Ashland Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ashland Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.9B | 6.6B | 6.2B | 5.9B | 6.8B | 7.9B | |
Short Long Term Debt Total | 2B | 2.1B | 1.4B | 1.5B | 1.7B | 1.9B | |
Other Current Liab | 277M | 50M | 269M | 208M | 187.2M | 265.1M | |
Total Current Liabilities | 813M | 934M | 553M | 456M | 410.4M | 389.9M | |
Total Stockholder Equity | 3.0B | 2.8B | 3.2B | 3.1B | 3.6B | 2.8B | |
Property Plant And Equipment Net | 1.7B | 1.6B | 1.4B | 1.5B | 1.3B | 1.6B | |
Net Debt | 1.5B | 1.9B | 737M | 1.0B | 1.2B | 1.5B | |
Retained Earnings | 2.6B | 2.8B | 3.7B | 3.6B | 4.1B | 2.4B | |
Cash | 454M | 210M | 646M | 417M | 479.6M | 452.2M | |
Non Current Assets Total | 5.3B | 4.9B | 4.4B | 4.4B | 5.1B | 5.3B | |
Non Currrent Assets Other | 826M | 781M | 702M | 541M | 486.9M | 894.3M | |
Cash And Short Term Investments | 454M | 210M | 646M | 417M | 479.6M | 477.8M | |
Net Receivables | 471M | 369M | 402M | 338M | 304.2M | 289.0M | |
Liabilities And Stockholders Equity | 6.9B | 6.6B | 6.2B | 5.9B | 6.8B | 7.9B | |
Non Current Liabilities Total | 3.0B | 2.9B | 2.4B | 2.4B | 2.7B | 3.5B | |
Inventory | 529M | 473M | 629M | 626M | 719.9M | 650.7M | |
Other Current Assets | 64M | 87M | 68M | 125M | 112.5M | 112.7M | |
Other Stockholder Equity | 769M | 327M | 135M | 4M | 3.6M | 3.4M | |
Total Liab | 3.8B | 3.9B | 3.0B | 2.8B | 3.3B | 5.1B | |
Property Plant And Equipment Gross | 1.7B | 3.1B | 3.1B | 3.3B | 3.8B | 2.4B | |
Total Current Assets | 1.5B | 1.7B | 1.8B | 1.5B | 1.7B | 2.6B | |
Accumulated Other Comprehensive Income | (383M) | (372M) | (569M) | (503M) | (578.5M) | (607.4M) | |
Short Term Debt | 303M | 397M | 19M | 38M | 43.7M | 41.5M | |
Intangible Assets | 1.0B | 1.1B | 963M | 886M | 1.0B | 707.8M | |
Accounts Payable | 233M | 236M | 265M | 210M | 189M | 179.6M | |
Other Liab | 1.3B | 1.2B | 1.1B | 966M | 1.1B | 2.0B | |
Other Assets | 994M | 815M | 725M | 563M | 647.5M | 664.0M | |
Long Term Debt | 1.6B | 1.6B | 1.3B | 1.3B | 1.5B | 1.9B | |
Good Will | 1.8B | 1.4B | 1.3B | 1.4B | 1.6B | 1.8B | |
Property Plant Equipment | 1.6B | 1.4B | 1.4B | 1.5B | 1.7B | 1.9B | |
Net Tangible Assets | 265M | 223M | 945M | 843M | 969.5M | 1.0B | |
Deferred Long Term Liab | 4M | 229M | 237M | 2M | 2.3M | 2.2M | |
Long Term Investments | 6M | 136M | 134M | 3M | 2.7M | 2.6M | |
Short Long Term Debt | 166M | 280M | 374M | 16M | 18.4M | 17.5M | |
Long Term Debt Total | 1.6B | 1.6B | 1.3B | 1.3B | 1.2B | 1.6B | |
Capital Surpluse | 756M | 769M | 327M | 135M | 121.5M | 115.4M |
Ashland Global Investors Sentiment
The influence of Ashland Global'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 Ashland. 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 Ashland Global's public news can be used to forecast risks associated with an investment in Ashland. The trend in average sentiment can be used to explain how an investor holding Ashland can time the market purely based on public headlines and social activities around Ashland Global Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ashland Global'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 Ashland Global'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 Ashland Global's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ashland Global.
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 Ashland Global 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, Ashland Global's short interest history, or implied volatility extrapolated from Ashland Global options trading.
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
0.73 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
Moving against Ashland Stock
0.52 | CC | Chemours | PairCorr |
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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashland Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. 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 Ashland Global's price analysis, check to measure Ashland Global'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 Ashland Global is operating at the current time. Most of Ashland Global's value examination focuses on studying past and present price action to predict the probability of Ashland Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashland Global's price. Additionally, you may evaluate how the addition of Ashland Global to your portfolios can decrease your overall portfolio volatility.
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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.