Transportadora Common Stock Shares Outstanding vs Property Plant And Equipment Gross Analysis
TGS Stock | USD 18.22 1.17 6.03% |
Transportadora financial indicator trend analysis is much more than just breaking down Transportadora de Gas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transportadora de Gas is a good investment. Please check the relationship between Transportadora Common Stock Shares Outstanding and its Property Plant And Equipment Gross accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transportadora de Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Common Stock Shares Outstanding vs Property Plant And Equipment Gross
Common Stock Shares Outstanding vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Transportadora de Gas Common Stock Shares Outstanding account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have pay attention.
The correlation between Transportadora's Common Stock Shares Outstanding and Property Plant And Equipment Gross is -0.93. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Transportadora de Gas, assuming nothing else is changed. The correlation between historical values of Transportadora's Common Stock Shares Outstanding and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Transportadora de Gas are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Common Stock Shares Outstanding i.e., Transportadora's Common Stock Shares Outstanding and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | -0.93 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Property Plant And Equipment Gross
Most indicators from Transportadora's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transportadora de Gas 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Transportadora de Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Transportadora's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 17 B in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.02 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.5B | 6.8B | 24.6B | 25.9B | Depreciation And Amortization | 18.9B | 23.5B | 166.5B | 174.8B |
Transportadora fundamental ratios Correlations
Click cells to compare fundamentals
Transportadora Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Transportadora fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 95.6B | 128.6B | 208.2B | 412.1B | 1.5T | 1.6T | |
Short Long Term Debt Total | 33.6B | 43.9B | 52.6B | 94.6B | 467.3B | 490.7B | |
Other Current Liab | 1.9B | 4.1B | 12.5B | 5.7B | 24.0B | 25.2B | |
Total Current Liabilities | 8.0B | 8.1B | 20.3B | 21.2B | 126.5B | 132.8B | |
Total Stockholder Equity | 48.1B | 66.0B | 120.6B | 267.2B | 855.6B | 898.4B | |
Property Plant And Equipment Net | 74.6B | 98.9B | 150.2B | 294.5B | 992.8B | 1.0T | |
Net Debt | 23.8B | 39.2B | 48.2B | 91.6B | 460.7B | 483.8B | |
Retained Earnings | 13.6B | 3.3B | 20.9B | 32.3B | 23.5B | 24.7B | |
Accounts Payable | 4.1B | 2.8B | 6.1B | 10.5B | 41.7B | 43.8B | |
Cash | 9.8B | 4.7B | 4.4B | 3.0B | 6.6B | 6.9B | |
Non Current Assets Total | 74.7B | 112.8B | 172.7B | 334.8B | 1.1T | 1.2T | |
Non Currrent Assets Other | 9.0M | 9.6M | 8.9M | 14.9M | 21.5M | 20.4M | |
Cash And Short Term Investments | 10.8B | 6.8B | 17.7B | 42.3B | 329.4B | 345.9B | |
Net Receivables | 8.3B | 7.0B | 13.2B | 23.3B | 65.7B | 69.0B | |
Common Stock Shares Outstanding | 157.7M | 155.2M | 152.5M | 150.6M | 135.5M | 129.9M | |
Liabilities And Stockholders Equity | 95.6B | 128.6B | 208.2B | 412.1B | 1.5T | 1.6T | |
Non Current Liabilities Total | 39.6B | 54.5B | 67.3B | 123.7B | 560.3B | 588.4B | |
Inventory | 307.6M | 571.5M | 1.2B | 1.8B | 29.2B | 30.7B | |
Other Current Assets | 1.5B | 1.4B | 3.4B | 72.4B | 795.0M | 755.3M | |
Other Stockholder Equity | (1.5B) | (4.8B) | (7.2B) | (8.1B) | 313.2B | 328.9B | |
Total Liab | 47.5B | 62.6B | 87.6B | 144.9B | 686.8B | 721.2B | |
Property Plant And Equipment Gross | 80.0B | 98.9B | 315.0B | 633.3B | 2.1T | 2.2T | |
Total Current Assets | 20.9B | 15.8B | 35.5B | 77.3B | 425.2B | 446.4B | |
Accumulated Other Comprehensive Income | 7.6B | 30.5B | 51.0B | 134.1B | 518.1B | 544.0B | |
Short Term Debt | 1.7B | 936.8M | 1.2B | 3.9B | 56.3B | 59.1B | |
Common Stock | 28.3B | 37.0B | 55.9B | 108.9B | 752.7M | 715.0M | |
Current Deferred Revenue | 219.8M | 318.0M | 502.4M | 1.0B | 4.5B | 4.7B | |
Other Assets | 80.1B | 35M | 32M | 27.4M | 1.0 | 0.95 | |
Long Term Debt | 32.0B | 40.5B | 49.0B | 87.6B | 400.2B | 420.2B | |
Short Term Investments | 1.0B | 2.1B | 13.3B | 39.3B | 322.8B | 339.0B | |
Property Plant Equipment | 74.6B | 98.9B | 150.2B | 294.5B | 338.7B | 355.6B | |
Other Liab | 5.7B | 7.7B | 11.5B | 15.9B | 18.3B | 19.2B | |
Net Tangible Assets | 47.6B | 48.1B | 66.0B | 120.6B | 138.7B | 145.6B | |
Long Term Investments | 84.1M | 13.9B | 22.5B | 40.3B | 107.6B | 113.0B | |
Short Long Term Debt | 1.4B | 456.7M | 551.9M | 1.3B | 4.3B | 4.5B | |
Long Term Debt Total | 34.2B | 58.8B | 51.4B | 90.7B | 104.3B | 109.5B | |
Capital Lease Obligations | 2.4B | 2.9B | 3.0B | 4.3B | 17.2B | 18.1B | |
Treasury Stock | (1.7B) | (1.2B) | (2.7B) | (4.1B) | (3.7B) | (3.5B) |
Pair Trading with Transportadora
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 Transportadora 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 Transportadora will appreciate offsetting losses from the drop in the long position's value.Moving together with Transportadora Stock
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The ability to find closely correlated positions to Transportadora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transportadora 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 Transportadora - 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 Transportadora de Gas to buy it.
The correlation of Transportadora 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 Transportadora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transportadora de Gas 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 Transportadora 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Transportadora de Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Transportadora de Gas information on this page should be used as a complementary analysis to other Transportadora's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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Is Transportadora'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 Transportadora. If investors know Transportadora 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 Transportadora 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 (0.57) | Earnings Share 0.18 | Revenue Per Share 3 K | Quarterly Revenue Growth (0.13) | Return On Assets 0.0521 |
The market value of Transportadora de Gas is measured differently than its book value, which is the value of Transportadora that is recorded on the company's balance sheet. Investors also form their own opinion of Transportadora's value that differs from its market value or its book value, called intrinsic value, which is Transportadora'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 Transportadora's market value can be influenced by many factors that don't directly affect Transportadora'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 Transportadora's value and its price as these two are different measures arrived at by different means. Investors typically determine if Transportadora is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Transportadora'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.