Blackstone Free Cash Flow per Share vs Asset Turnover Analysis
| BX Stock | USD 123.78 0.53 0.43% |
Blackstone financial indicator trend analysis is way more than just evaluating Blackstone Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blackstone Group is a good investment. Please check the relationship between Blackstone Free Cash Flow Per Share and its Asset Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackstone Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Free Cash Flow Per Share vs Asset Turnover
Free Cash Flow per Share vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blackstone Group Free Cash Flow per Share account and Asset Turnover. At this time, the significance of the direction appears to have no relationship.
The correlation between Blackstone's Free Cash Flow per Share and Asset Turnover is 0.01. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Blackstone Group, assuming nothing else is changed. The correlation between historical values of Blackstone's Free Cash Flow per Share and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow per Share of Blackstone Group are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Free Cash Flow per Share i.e., Blackstone's Free Cash Flow per Share and Asset Turnover go up and down completely randomly.
Correlation Coefficient | 0.01 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Blackstone's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blackstone Group 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 Blackstone Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. At this time, Blackstone's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.17 in 2024, whereas Tax Provision is likely to drop slightly above 463.7 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 198.3M | 317.2M | 431.9M | 437.2M | Depreciation And Amortization | 74.9M | 67.1M | 134.2M | 140.9M |
Blackstone fundamental ratios Correlations
Click cells to compare fundamentals
Blackstone Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blackstone fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 32.6B | 26.3B | 41.2B | 42.5B | 40.3B | 27.8B | |
| Total Stockholder Equity | 7.0B | 6.7B | 9.4B | 7.7B | 6.8B | 6.7B | |
| Property Plant And Equipment Net | 625.5M | 758.8M | 1.0B | 897.0M | 1.4B | 1.5B | |
| Net Debt | 9.6B | 4.3B | 6.6B | 9.2B | 9.0B | 6.5B | |
| Cash | 2.2B | 2.0B | 2.1B | 4.3B | 3.3B | 3.4B | |
| Non Current Assets Total | 25.2B | 18.8B | 32.0B | 30.6B | 6.1M | 5.8M | |
| Other Assets | 1.6B | 1.4B | 1.8B | 3.1B | 37.3B | 39.2B | |
| Cash And Short Term Investments | 2.2B | 2.0B | 2.1B | 4.3B | 3.3B | 4.6B | |
| Net Receivables | 3.6B | 4.1B | 5.3B | 4.6B | 4.7B | 2.7B | |
| Common Stock Shares Outstanding | 676.2M | 697.3M | 720.1M | 740.9M | 755.4M | 616.9M | |
| Liabilities And Stockholders Equity | 32.6B | 26.3B | 41.2B | 42.5B | 40.3B | 27.8B | |
| Other Current Assets | (6.1B) | (6.2B) | (7.5B) | (9.1B) | (7.9B) | (7.5B) | |
| Other Stockholder Equity | 6.4B | 6.3B | 5.8B | 5.9B | 6.2B | 6.5B | |
| Total Current Assets | 5.7B | 6.1B | 7.4B | 8.9B | 3.0B | 5.8B | |
| Short Long Term Debt Total | 11.8B | 6.3B | 8.7B | 13.5B | 12.3B | 8.5B | |
| Other Current Liab | (806.2M) | (717.1M) | (937.2M) | (1.2B) | (2.4B) | (2.3B) | |
| Other Liab | 1.1B | 1.1B | 1.9B | 2.3B | 2.0B | 1.3B | |
| Accounts Payable | 806.2M | 717.1M | 937.2M | 1.2B | 2.3B | 2.4B | |
| Long Term Debt | 11.1B | 5.6B | 7.7B | 12.3B | 14.2B | 7.8B | |
| Non Current Liabilities Total | 11.8B | 6.3B | 8.7B | 1.2B | 22.2B | 23.3B | |
| Property Plant Equipment | 625.5M | 526.9M | 789.0M | 897.0M | 1.0B | 1.1B | |
| Total Current Liabilities | 806.2M | 717.1M | 937.2M | 1.2B | 2.4B | 2.3B | |
| Non Currrent Assets Other | (1.1B) | (1.2B) | (1.6B) | (2.1B) | (32.1B) | (30.5B) | |
| Property Plant And Equipment Gross | 625.5M | 758.8M | 1.3B | 1.6B | 1.8B | 1.9B | |
| Short Term Debt | 238.8M | 168.8M | 178.1M | 232.1M | 163.0M | 154.9M | |
| Net Tangible Assets | 4.8B | 4.5B | 7.2B | 7.3B | 6.5B | 7.2B | |
| Long Term Debt Total | 11.1B | 5.6B | 7.7B | 12.3B | 14.2B | 10.3B | |
| Long Term Investments | 22.3B | 15.6B | 28.7B | 27.6B | 26.3B | 22.7B | |
| Non Current Liabilities Other | 772.7M | 748.7M | 993.9M | 1.1B | 1.3B | 1.3B |
Pair Trading with Blackstone
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 Blackstone 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 Blackstone will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackstone Stock
| 0.66 | SF | Stifel Financial Financial Report 24th of July 2024 | PairCorr |
Moving against Blackstone Stock
| 0.57 | THCPU | Thunder Bridge Capital | PairCorr |
The ability to find closely correlated positions to Blackstone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackstone 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 Blackstone - 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 Blackstone Group to buy it.
The correlation of Blackstone 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 Blackstone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackstone Group 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 Blackstone 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 Blackstone Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Blackstone Stock analysis
When running Blackstone's price analysis, check to measure Blackstone'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 Blackstone is operating at the current time. Most of Blackstone's value examination focuses on studying past and present price action to predict the probability of Blackstone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blackstone's price. Additionally, you may evaluate how the addition of Blackstone to your portfolios can decrease your overall portfolio volatility.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |
Is Blackstone'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 Blackstone. If investors know Blackstone 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 Blackstone 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 8.678 | Dividend Share 3.36 | Earnings Share 2.83 | Revenue Per Share 13.085 | Quarterly Revenue Growth 1.736 |
The market value of Blackstone Group is measured differently than its book value, which is the value of Blackstone that is recorded on the company's balance sheet. Investors also form their own opinion of Blackstone's value that differs from its market value or its book value, called intrinsic value, which is Blackstone'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 Blackstone's market value can be influenced by many factors that don't directly affect Blackstone'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 Blackstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackstone'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.