Adtran Inc Stock Net Asset
| ADTN Stock | USD 4.80 0.02 0.42% |
ADTRAN Inc fundamentals help investors to digest information that contributes to ADTRAN's financial success or failures. It also enables traders to predict the movement of ADTRAN Stock. The fundamental analysis module provides a way to measure ADTRAN's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ADTRAN stock.
ADTRAN | Net Asset |
ADTRAN Inc Company Net Asset Analysis
ADTRAN's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current ADTRAN Net Asset | 1.68 B |
Most of ADTRAN's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ADTRAN Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ADTRAN Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for ADTRAN is extremely important. It helps to project a fair market value of ADTRAN Stock properly, considering its historical fundamentals such as Net Asset. Since ADTRAN's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ADTRAN's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ADTRAN's interrelated accounts and indicators.
Click cells to compare fundamentals
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
ADTRAN Total Assets
Total Assets |
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Based on the recorded statements, ADTRAN Inc has a Net Asset of 1.68 B. This is much higher than that of the Communications Equipment sector and significantly higher than that of the Information Technology industry. The net asset for all United States stocks is notably lower than that of the firm.
ADTRAN Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ADTRAN's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ADTRAN could also be used in its relative valuation, which is a method of valuing ADTRAN by comparing valuation metrics of similar companies.ADTRAN is currently under evaluation in net asset category among related companies.
ADTRAN Institutional Holders
Institutional Holdings refers to the ownership stake in ADTRAN that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ADTRAN's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ADTRAN's value.| Shares | Bank Of New York Mellon Corp | 2023-12-31 | 1.2 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.2 M | Federated Hermes Inc | 2023-12-31 | 1.1 M | Ameriprise Financial Inc | 2023-12-31 | 1.1 M | Hhg Plc | 2023-12-31 | 1 M | Charles Schwab Investment Management Inc | 2023-12-31 | 1 M | Amvescap Plc. | 2023-12-31 | 937.8 K | Paradigm Capital Management, Inc. | 2023-12-31 | 933.1 K | Northern Trust Corp | 2023-12-31 | 785.3 K | Blackrock Inc | 2023-12-31 | 12.9 M | Vanguard Group Inc | 2023-12-31 | 7.7 M |
ADTRAN Fundamentals
| Return On Equity | -0.22 | ||||
| Return On Asset | -0.0539 | ||||
| Profit Margin | (0.23) % | ||||
| Operating Margin | (0.21) % | ||||
| Current Valuation | 973.74 M | ||||
| Shares Outstanding | 79.12 M | ||||
| Shares Owned By Insiders | 1.58 % | ||||
| Shares Owned By Institutions | 93.09 % | ||||
| Number Of Shares Shorted | 2.31 M | ||||
| Price To Earning | 405.00 X | ||||
| Price To Book | 0.63 X | ||||
| Price To Sales | 0.33 X | ||||
| Revenue | 1.15 B | ||||
| Gross Profit | 327.26 M | ||||
| EBITDA | (17.89 M) | ||||
| Net Income | (267.69 M) | ||||
| Cash And Equivalents | 111.9 M | ||||
| Cash Per Share | 1.53 X | ||||
| Total Debt | 234.14 M | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 1.67 X | ||||
| Book Value Per Share | 7.55 X | ||||
| Cash Flow From Operations | (45.6 M) | ||||
| Short Ratio | 2.65 X | ||||
| Earnings Per Share | (3.41) X | ||||
| Price To Earnings To Growth | 11.04 X | ||||
| Target Price | 8.25 | ||||
| Number Of Employees | 3.23 K | ||||
| Beta | 1.09 | ||||
| Market Capitalization | 378.17 M | ||||
| Total Asset | 1.68 B | ||||
| Retained Earnings | (243.91 M) | ||||
| Working Capital | 457.35 M | ||||
| Current Asset | 235.56 M | ||||
| Current Liabilities | 32.05 M | ||||
| Annual Yield | 0.08 % | ||||
| Five Year Return | 2.52 % | ||||
| Net Asset | 1.68 B | ||||
| Last Dividend Paid | 0.18 |
About ADTRAN Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ADTRAN Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ADTRAN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ADTRAN Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 ADTRAN 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, ADTRAN's short interest history, or implied volatility extrapolated from ADTRAN options trading.
Pair Trading with ADTRAN
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 ADTRAN 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 ADTRAN will appreciate offsetting losses from the drop in the long position's value.Moving together with ADTRAN Stock
| 0.91 | DZSI | DZS Inc Financial Report 13th of May 2024 | PairCorr |
| 0.87 | AAPL | Apple Inc Report 2nd of May 2024 | PairCorr |
Moving against ADTRAN Stock
| 0.92 | GDDY | Godaddy Financial Report 2nd of May 2024 | PairCorr |
| 0.85 | MCHB | Mechanics Bank | PairCorr |
| 0.68 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.59 | LRCX | Lam Research Corp Earnings Call Today | PairCorr |
| 0.57 | MSFT | Microsoft Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to ADTRAN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADTRAN 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 ADTRAN - 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 ADTRAN Inc to buy it.
The correlation of ADTRAN 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 ADTRAN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADTRAN 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 ADTRAN 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 ADTRAN Piotroski F Score and ADTRAN Altman Z Score analysis. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for ADTRAN Stock analysis
When running ADTRAN's price analysis, check to measure ADTRAN'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 ADTRAN is operating at the current time. Most of ADTRAN's value examination focuses on studying past and present price action to predict the probability of ADTRAN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ADTRAN's price. Additionally, you may evaluate how the addition of ADTRAN to your portfolios can decrease your overall portfolio volatility.
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Is ADTRAN'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 ADTRAN. If investors know ADTRAN 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 ADTRAN 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 (0.60) | Dividend Share 0.18 | Earnings Share (3.41) | Revenue Per Share 14.654 | Quarterly Revenue Growth (0.37) |
The market value of ADTRAN Inc is measured differently than its book value, which is the value of ADTRAN that is recorded on the company's balance sheet. Investors also form their own opinion of ADTRAN's value that differs from its market value or its book value, called intrinsic value, which is ADTRAN'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 ADTRAN's market value can be influenced by many factors that don't directly affect ADTRAN'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 ADTRAN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADTRAN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADTRAN'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.