Etsy Net Debt vs Good Will Analysis
ETSY Stock | USD 67.43 0.23 0.34% |
Etsy financial indicator trend analysis is much more than just examining Etsy Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Etsy Inc is a good investment. Please check the relationship between Etsy Net Debt and its Good Will accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Etsy Inc. 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.
Net Debt vs Good Will
Net Debt vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Etsy Inc Net Debt account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Etsy's Net Debt and Good Will is 0.59. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of Etsy Inc, assuming nothing else is changed. The correlation between historical values of Etsy's Net Debt and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Etsy Inc are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Debt i.e., Etsy's Net Debt and Good Will go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Etsy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Etsy Inc 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Etsy Inc. 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. At this time, Etsy's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.21 in 2024, despite the fact that Tax Provision is likely to grow to (14 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 9.9M | 14.2M | 14.0M | 13.6M | Depreciation And Amortization | 74.3M | 96.7M | 91.3M | 45.9M |
Etsy fundamental ratios Correlations
Click cells to compare fundamentals
Etsy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Etsy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 125.7M | 136.4M | 146.7M | 126.8M | 140.1M | 129.3M | |
Total Assets | 1.5B | 2.4B | 3.8B | 2.6B | 2.7B | 1.6B | |
Short Long Term Debt Total | 847.0M | 1.1B | 2.4B | 2.4B | 2.4B | 2.5B | |
Other Current Liab | 96.5M | 247.2M | 352.6M | 350.3M | 394.8M | 414.5M | |
Total Current Liabilities | 188.5M | 454.7M | 615.6M | 631.8M | 710.8M | 746.3M | |
Total Stockholder Equity | 406.6M | 742.4M | 628.6M | (547.3M) | (543.7M) | (516.5M) | |
Other Liab | 86.1M | 100.1M | 201.9M | 127.1M | 146.1M | 111.6M | |
Property Plant And Equipment Net | 144.9M | 112.5M | 275.1M | 249.7M | 249.8M | 160.0M | |
Current Deferred Revenue | 7.6M | 11.3M | 12.3M | 14.0M | 14.6M | 9.0M | |
Net Debt | 403.7M | (128.3M) | 1.6B | 1.5B | 1.5B | 1.5B | |
Retained Earnings | (227.4M) | (146.8M) | 71.7M | (1.0B) | (1.4B) | (1.3B) | |
Accounts Payable | 76.1M | 187.7M | 248.2M | 262.7M | 295.3M | 310.1M | |
Cash | 443.3M | 1.2B | 780.2M | 921.3M | 914.3M | 554.5M | |
Non Current Assets Total | 621.3M | 509.7M | 2.5B | 1.1B | 1.1B | 679.8M | |
Non Currrent Assets Other | 34.9M | 29.7M | 56.1M | 47.7M | 45.2M | 24.7M | |
Other Assets | 24.8M | 69.0M | 152.0M | 130.4M | 150.0M | 157.5M | |
Long Term Debt | 785.1M | 1.1B | 2.3B | 2.3B | 2.3B | 2.4B | |
Cash And Short Term Investments | 817.3M | 1.7B | 984.6M | 1.2B | 1.2B | 747.7M | |
Net Receivables | 65.2M | 169.4M | 247.5M | 261.8M | 290.1M | 304.6M | |
Good Will | 138.7M | 140.8M | 1.4B | 137.7M | 138.4M | 210.2M | |
Common Stock Total Equity | 119K | 126K | 127K | 125K | 143.8K | 120.8K | |
Short Term Investments | 374.0M | 425.1M | 204.4M | 250.4M | 236.1M | 193.2M | |
Liabilities And Stockholders Equity | 1.5B | 2.4B | 3.8B | 2.6B | 2.7B | 1.6B | |
Non Current Liabilities Total | 947.2M | 1.2B | 2.6B | 2.6B | 2.5B | 2.6B | |
Other Current Assets | 38.6M | 56.2M | 109.4M | 80.2M | 129.9M | 136.4M | |
Other Stockholder Equity | 642.6M | 883.2M | 631.8M | 815.1M | 1.1B | 617.0M | |
Total Liab | 1.1B | 1.7B | 3.2B | 3.2B | 3.2B | 3.4B | |
Property Plant And Equipment Gross | 144.9M | 112.5M | 432.1M | 453.9M | 493.8M | 518.5M | |
Total Current Assets | 921.0M | 1.9B | 1.3B | 1.5B | 1.6B | 929.8M | |
Accumulated Other Comprehensive Income | (8.7M) | 6.0M | (75.0M) | (314.2M) | (267.5M) | (254.1M) | |
Short Term Debt | 8.3M | 8.5M | 2.4M | 4.7M | 6.1M | 5.5M | |
Intangible Assets | 199.2M | 187.4M | 607.2M | 535.4M | 457.1M | 480.0M | |
Common Stock | 120K | 119K | 126K | 127K | 125K | 121.7K | |
Property Plant Equipment | 119.8M | 112.5M | 275.1M | 288.5M | 331.8M | 348.4M | |
Net Tangible Assets | 68.7M | 414.2M | (1.3B) | (1.2B) | (1.1B) | (1.0B) | |
Deferred Long Term Liab | 64.5M | 58.5M | 79.5M | 44.7M | 51.4M | 52.3M | |
Retained Earnings Total Equity | (227.4M) | (146.8M) | 71.7M | (1.0B) | (943.4M) | (896.3M) | |
Long Term Debt Total | 785.1M | 1.1B | 2.3B | 2.3B | 2.6B | 2.8B | |
Capital Surpluse | 642.6M | 883.2M | 631.8M | 815.1M | 937.3M | 671.4M |
Etsy Investors Sentiment
The influence of Etsy'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 Etsy. 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 Etsy's public news can be used to forecast risks associated with an investment in Etsy. The trend in average sentiment can be used to explain how an investor holding Etsy can time the market purely based on public headlines and social activities around Etsy Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Etsy'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 Etsy'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 Etsy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Etsy.
Etsy Implied Volatility | 108.94 |
Etsy's implied volatility exposes the market's sentiment of Etsy Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Etsy'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 Etsy stock will not fluctuate a lot when Etsy'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 Etsy 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, Etsy's short interest history, or implied volatility extrapolated from Etsy options trading.
Pair Trading with Etsy
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 Etsy 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 Etsy will appreciate offsetting losses from the drop in the long position's value.Moving together with Etsy Stock
0.73 | AAN | Aarons | PairCorr |
Moving against Etsy Stock
0.64 | AN | AutoNation | PairCorr |
0.54 | GPS | Gap Inc Financial Report 23rd of May 2024 | PairCorr |
0.52 | BBY | Best Buy Financial Report 23rd of May 2024 | PairCorr |
0.46 | AEO | American Eagle Outfitters Financial Report 22nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Etsy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etsy 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 Etsy - 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 Etsy Inc to buy it.
The correlation of Etsy 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 Etsy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etsy Inc 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 Etsy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Etsy Inc. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Etsy Stock analysis
When running Etsy's price analysis, check to measure Etsy'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 Etsy is operating at the current time. Most of Etsy's value examination focuses on studying past and present price action to predict the probability of Etsy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Etsy's price. Additionally, you may evaluate how the addition of Etsy to your portfolios can decrease your overall portfolio volatility.
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Is Etsy'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 Etsy. If investors know Etsy 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 Etsy 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 (0.18) | Earnings Share 2.24 | Revenue Per Share 22.435 | Quarterly Revenue Growth 0.043 | Return On Assets 0.0883 |
The market value of Etsy Inc is measured differently than its book value, which is the value of Etsy that is recorded on the company's balance sheet. Investors also form their own opinion of Etsy's value that differs from its market value or its book value, called intrinsic value, which is Etsy'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 Etsy's market value can be influenced by many factors that don't directly affect Etsy'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 Etsy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Etsy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Etsy'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.