Axalta Intangible Assets vs Current Deferred Revenue Analysis
AXTA Stock | USD 34.83 0.37 1.05% |
Axalta Coating financial indicator trend analysis is way more than just evaluating Axalta Coating Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axalta Coating Systems is a good investment. Please check the relationship between Axalta Coating Intangible Assets and its Current Deferred Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axalta Coating Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Intangible Assets vs Current Deferred Revenue
Intangible Assets vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Axalta Coating Systems Intangible Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Axalta Coating's Intangible Assets and Current Deferred Revenue is -0.16. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Axalta Coating Systems, assuming nothing else is changed. The correlation between historical values of Axalta Coating's Intangible Assets and Current Deferred 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 Intangible Assets of Axalta Coating Systems are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Intangible Assets i.e., Axalta Coating's Intangible Assets and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Axalta Coating's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axalta Coating Systems 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 Axalta Coating Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At present, Axalta Coating's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 15.47, whereas Selling General Administrative is forecasted to decline to about 705.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.4B | 5.2B | 5.4B | Total Revenue | 4.4B | 4.9B | 5.2B | 4.8B |
Axalta Coating fundamental ratios Correlations
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Axalta Coating Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axalta Coating fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 235.8M | 236M | 231.9M | 222.3M | 221.9M | 187.0M | |
Total Assets | 6.8B | 7.2B | 7.2B | 7.1B | 7.3B | 7.0B | |
Short Long Term Debt Total | 3.8B | 3.9B | 3.8B | 3.7B | 3.5B | 3.7B | |
Other Current Liab | 545.3M | 562.3M | 597.8M | 458.1M | 676.9M | 710.7M | |
Total Current Liabilities | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B | 1.2B | |
Total Stockholder Equity | 1.4B | 1.4B | 1.5B | 1.5B | 1.7B | 1.5B | |
Other Liab | 454.1M | 658M | 593.7M | 425.8M | 489.7M | 497.1M | |
Property Plant And Equipment Net | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | 1.0B | |
Net Debt | 2.8B | 2.5B | 3.0B | 3.1B | 2.8B | 3.0B | |
Accounts Payable | 483.7M | 564.4M | 657.4M | 733.5M | 665.3M | 588.9M | |
Cash | 1.0B | 1.4B | 840.6M | 645.2M | 699.8M | 725.8M | |
Non Current Assets Total | 4.2B | 4.2B | 4.6B | 4.4B | 4.5B | 4.5B | |
Non Currrent Assets Other | 424.9M | 367.8M | 584.5M | 399.8M | 249.5M | 333.3M | |
Other Assets | 491M | 596M | 584.5M | 462.4M | 531.8M | 531.5M | |
Cash And Short Term Investments | 1.0B | 1.4B | 840.6M | 645.2M | 699.8M | 725.8M | |
Net Receivables | 830.1M | 869.8M | 937.5M | 1.1B | 1.3B | 986.1M | |
Good Will | 1.2B | 1.3B | 1.6B | 1.5B | 1.6B | 1.3B | |
Liabilities And Stockholders Equity | 6.8B | 7.2B | 7.2B | 7.1B | 7.3B | 7.0B | |
Non Current Liabilities Total | 4.3B | 4.5B | 4.3B | 4.2B | 4.1B | 4.3B | |
Inventory | 591.6M | 559.9M | 669.7M | 829.6M | 741.1M | 663.1M | |
Other Current Assets | 134.2M | 135.3M | 127.8M | 140.8M | 117.2M | 120.4M | |
Other Stockholder Equity | 1.1B | 1.0B | 828.3M | 649.2M | 631.6M | 881.2M | |
Total Liab | 5.4B | 5.7B | 5.7B | 5.6B | 5.5B | 5.5B | |
Property Plant And Equipment Gross | 1.3B | 1.3B | 2.4B | 2.5B | 2.6B | 1.8B | |
Total Current Assets | 2.6B | 2.9B | 2.6B | 2.7B | 2.8B | 2.5B | |
Accumulated Other Comprehensive Income | (395.5M) | (424.8M) | (414.4M) | (466.9M) | (444.2M) | (466.4M) | |
Short Term Debt | 42.2M | 43.9M | 54.2M | 79.7M | 56.9M | 47.6M | |
Intangible Assets | 1.2B | 1.1B | 1.3B | 1.1B | 1.1B | 1.3B | |
Property Plant Equipment | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 1.0B | |
Retained Earnings | 443.2M | 563.3M | 827.2M | 1.0B | 1.3B | 1.4B | |
Long Term Debt | 3.8B | 3.8B | 3.7B | 3.7B | 3.5B | 4.0B | |
Common Stock Total Equity | 249.9M | 250.9M | 251.8M | 252.4M | 290.3M | 267.1M | |
Common Stock | 249.9M | 250.9M | 251.8M | 252.4M | 253.7M | 268.2M | |
Net Tangible Assets | (1.1B) | (1.0B) | (1.4B) | (1.2B) | (1.0B) | (1.1B) | |
Noncontrolling Interest In Consolidated Entity | 55.4M | 46.8M | 45.8M | 46M | 41.4M | 61.1M | |
Retained Earnings Total Equity | 443.2M | 563.3M | 827.2M | 1.0B | 1.2B | 1.2B | |
Long Term Debt Total | 3.8B | 3.8B | 3.7B | 3.7B | 4.2B | 4.0B |
Axalta Coating Investors Sentiment
The influence of Axalta Coating'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 Axalta. 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 Axalta Coating's public news can be used to forecast risks associated with an investment in Axalta. The trend in average sentiment can be used to explain how an investor holding Axalta can time the market purely based on public headlines and social activities around Axalta Coating Systems. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Axalta Coating'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 Axalta Coating'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 Axalta Coating's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Axalta Coating.
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 Axalta Coating 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, Axalta Coating's short interest history, or implied volatility extrapolated from Axalta Coating options trading.
Pair Trading with Axalta Coating
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 Axalta Coating 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 Axalta Coating will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Axalta Coating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axalta Coating 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 Axalta Coating - 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 Axalta Coating Systems to buy it.
The correlation of Axalta Coating 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 Axalta Coating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axalta Coating Systems 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 Axalta Coating 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 Axalta Coating Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running Axalta Coating's price analysis, check to measure Axalta Coating'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 Axalta Coating is operating at the current time. Most of Axalta Coating's value examination focuses on studying past and present price action to predict the probability of Axalta Coating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axalta Coating's price. Additionally, you may evaluate how the addition of Axalta Coating to your portfolios can decrease your overall portfolio volatility.
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Is Axalta Coating'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 Axalta Coating. If investors know Axalta 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 Axalta Coating 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 (0.33) | Earnings Share 1.12 | Revenue Per Share 23.527 | Quarterly Revenue Growth 0.008 | Return On Assets 0.0591 |
The market value of Axalta Coating Systems is measured differently than its book value, which is the value of Axalta that is recorded on the company's balance sheet. Investors also form their own opinion of Axalta Coating's value that differs from its market value or its book value, called intrinsic value, which is Axalta Coating'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 Axalta Coating's market value can be influenced by many factors that don't directly affect Axalta Coating'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 Axalta Coating's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axalta Coating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axalta Coating'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.