Ashland Research Development vs Total Revenue 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 Research Development and its Total Revenue 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.

Research Development vs Total Revenue

Research Development vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashland Global Holdings Research Development account and Total Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ashland Global's Research Development and Total Revenue is 0.62. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Total Revenue 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 Research Development and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Ashland Global Holdings are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Research Development i.e., Ashland Global's Research Development and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Research Development

Total Revenue

Total revenue comprises all receipts Ashland Global Holdings generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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

Gross Profit Total Revenue

Ashland Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Common Stock Total Equity
Total Assets		0.93	0.01	0.68	0.74	0.88	0.9	0.42	0.49	0.98	0.02	0.49	0.74	0.88	0.98	0.88	-0.22	-0.22	0.96	0.02	0.85	0.7	0.86	0.26	0.49	-0.49
Short Long Term Debt Total	0.93		-0.01	0.66	0.62	0.8	0.91	0.34	0.62	0.9	0.18	0.62	0.65	0.74	0.97	0.73	-0.03	-0.21	0.93	-0.07	0.83	0.78	0.78	0.18	0.51	-0.51
Other Current Liab	0.01	-0.01		0.61	-0.51	0.43	-0.09	-0.63	0.14	-0.11	-0.34	0.14	0.62	0.15	0.11	-0.16	0.26	0.57	0.22	-0.26	0.29	-0.03	-0.32	0.91	-0.82	0.82
Total Current Liabilities	0.68	0.66	0.61		0.18	0.91	0.65	-0.14	0.33	0.62	-0.26	0.33	0.96	0.65	0.74	0.43	-0.16	0.34	0.79	-0.23	0.68	0.7	0.48	0.82	-0.21	0.21
Total Stockholder Equity	0.74	0.62	-0.51	0.18		0.46	0.67	0.82	0.18	0.83	-0.09	0.18	0.28	0.56	0.63	0.86	-0.48	-0.45	0.53	0.29	0.37	0.42	0.91	-0.24	0.8	-0.8
Property Plant And Equipment Net	0.88	0.8	0.43	0.91	0.46		0.8	0.06	0.37	0.84	-0.14	0.36	0.95	0.81	0.89	0.68	-0.21	0.15	0.93	-0.13	0.79	0.67	0.68	0.66	0.06	-0.06
Net Debt	0.9	0.91	-0.09	0.65	0.67	0.8		0.28	0.25	0.93	0.1	0.25	0.63	0.74	0.89	0.74	-0.27	-0.06	0.87	-0.07	0.64	0.83	0.86	0.21	0.48	-0.48
Retained Earnings	0.42	0.34	-0.63	-0.14	0.82	0.06	0.28		0.27	0.47	-0.13	0.26	-0.04	0.24	0.32	0.66	-0.16	-0.77	0.19	0.61	0.21	0.14	0.63	-0.49	0.79	-0.79
Cash	0.49	0.62	0.14	0.33	0.18	0.37	0.25	0.27		0.35	0.24	1.0	0.32	0.32	0.59	0.33	0.43	-0.38	0.55	-0.03	0.74	0.26	0.19	0.04	0.29	-0.29
Non Current Assets Total	0.98	0.9	-0.11	0.62	0.83	0.84	0.93	0.47	0.35		-0.02	0.35	0.68	0.83	0.93	0.89	-0.35	-0.17	0.89	0.01	0.71	0.71	0.93	0.19	0.56	-0.56
Non Currrent Assets Other	0.02	0.18	-0.34	-0.26	-0.09	-0.14	0.1	-0.13	0.24	-0.02		0.24	-0.32	-0.05	0.07	-0.16	0.18	-0.19	0.06	-0.23	0.11	0.09	-0.09	-0.44	0.35	-0.35
Cash And Short Term Investments	0.49	0.62	0.14	0.33	0.18	0.36	0.25	0.26	1.0	0.35	0.24		0.32	0.33	0.59	0.33	0.44	-0.38	0.55	-0.03	0.74	0.26	0.19	0.04	0.29	-0.29
Net Receivables	0.74	0.65	0.62	0.96	0.28	0.95	0.63	-0.04	0.32	0.68	-0.32	0.32		0.71	0.77	0.55	-0.16	0.28	0.82	-0.14	0.72	0.58	0.52	0.83	-0.18	0.18
Common Stock Shares Outstanding	0.88	0.74	0.15	0.65	0.56	0.81	0.74	0.24	0.32	0.83	-0.05	0.33	0.71		0.84	0.77	-0.26	-0.2	0.89	0.0	0.84	0.59	0.66	0.34	0.29	-0.29
Non Current Liabilities Total	0.98	0.97	0.11	0.74	0.63	0.89	0.89	0.32	0.59	0.93	0.07	0.59	0.77	0.84		0.81	-0.09	-0.17	0.98	-0.04	0.89	0.73	0.79	0.32	0.42	-0.42
Inventory	0.88	0.73	-0.16	0.43	0.86	0.68	0.74	0.66	0.33	0.89	-0.16	0.33	0.55	0.77	0.81		-0.21	-0.42	0.77	0.34	0.67	0.45	0.87	0.07	0.59	-0.59
Other Current Assets	-0.22	-0.03	0.26	-0.16	-0.48	-0.21	-0.27	-0.16	0.43	-0.35	0.18	0.44	-0.16	-0.26	-0.09	-0.21		-0.2	-0.09	0.05	0.15	-0.29	-0.48	0.0	-0.23	0.23
Other Stockholder Equity	-0.22	-0.21	0.57	0.34	-0.45	0.15	-0.06	-0.77	-0.38	-0.17	-0.19	-0.38	0.28	-0.2	-0.17	-0.42	-0.2		-0.1	-0.64	-0.3	0.01	-0.26	0.62	-0.69	0.69
Total Liab	0.96	0.93	0.22	0.79	0.53	0.93	0.87	0.19	0.55	0.89	0.06	0.55	0.82	0.89	0.98	0.77	-0.09	-0.1		-0.09	0.92	0.71	0.72	0.42	0.3	-0.3
Property Plant And Equipment Gross	0.02	-0.07	-0.26	-0.23	0.29	-0.13	-0.07	0.61	-0.03	0.01	-0.23	-0.03	-0.14	0.0	-0.04	0.34	0.05	-0.64	-0.09		0.04	-0.16	0.2	-0.26	0.28	-0.28
Total Current Assets	0.85	0.83	0.29	0.68	0.37	0.79	0.64	0.21	0.74	0.71	0.11	0.74	0.72	0.84	0.89	0.67	0.15	-0.3	0.92	0.04		0.53	0.5	0.37	0.23	-0.23
Short Term Debt	0.7	0.78	-0.03	0.7	0.42	0.67	0.83	0.14	0.26	0.71	0.09	0.26	0.58	0.59	0.73	0.45	-0.29	0.01	0.71	-0.16	0.53		0.71	0.22	0.33	-0.33
Intangible Assets	0.86	0.78	-0.32	0.48	0.91	0.68	0.86	0.63	0.19	0.93	-0.09	0.19	0.52	0.66	0.79	0.87	-0.48	-0.26	0.72	0.2	0.5	0.71		0.0	0.68	-0.68
Accounts Payable	0.26	0.18	0.91	0.82	-0.24	0.66	0.21	-0.49	0.04	0.19	-0.44	0.04	0.83	0.34	0.32	0.07	0.0	0.62	0.42	-0.26	0.37	0.22	0.0		-0.69	0.7
Common Stock	0.49	0.51	-0.82	-0.21	0.8	0.06	0.48	0.79	0.29	0.56	0.35	0.29	-0.18	0.29	0.42	0.59	-0.23	-0.69	0.3	0.28	0.23	0.33	0.68	-0.69		-1.0
Common Stock Total Equity	-0.49	-0.51	0.82	0.21	-0.8	-0.06	-0.48	-0.79	-0.29	-0.56	-0.35	-0.29	0.18	-0.29	-0.42	-0.59	0.23	0.69	-0.3	-0.28	-0.23	-0.33	-0.68	0.7	-1.0

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Ashland Global Account Relationship Matchups

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

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

Dupont De Nemours Report 7th of May 2024

Pair Corr

Moving against Ashland Stock

0.52

Chemours

Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Ashland Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ashland Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ashland Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ashland Global Holdings Stock:

How To Invest In Ashland

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Is Ashland Stock a good investment?

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What is Ashland Global's Net Worth?

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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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Ashland Stock analysis

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.

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Ashland Research Development vs Total Revenue Analysis

Research Development vs Total Revenue

Research Development vs Total Revenue Correlation Analysis

Correlation Coefficient

Research Development

Total Revenue

Ashland Global fundamental ratios Correlations

Ashland Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ashland Global fundamental ratios Accounts

Pair Trading with Ashland Global

Moving together with Ashland Stock

Moving against Ashland Stock

Complementary Tools for Ashland Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total
Total Liab	+ 0.96	Total Assets

Common Stock Total Equity	- 1.0	Common Stock
Common Stock	- 0.82	Other Current Liab
Common Stock Total Equity	- 0.8	Total Stockholder Equity
Common Stock Total Equity	- 0.79	Retained Earnings
Other Stockholder Equity	- 0.77	Retained Earnings
Common Stock	- 0.69	Accounts Payable