Aspen Cash And Short Term Investments from 2010 to 2024

AZPN Stock  USD 198.19  1.11  0.56%   
Aspen Technology Cash And Short Term Investments yearly trend continues to be very stable with very little volatility. Cash And Short Term Investments are likely to drop to about 159.4 M. Cash And Short Term Investments is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. View All Fundamentals
 
Cash And Short Term Investments  
First Reported
1994-09-30
Previous Quarter
120.5 M
Current Value
130.8 M
Quarterly Volatility
91.9 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Aspen Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aspen main balance sheet or income statement drivers, such as Depreciation And Amortization of 593.4 M, Interest Expense of 3 M or Selling General Administrative of 152.8 M, as well as many exotic indicators such as Price To Sales Ratio of 5.15, Dividend Yield of 2.0E-4 or PTB Ratio of 1.32. Aspen financial statements analysis is a perfect complement when working with Aspen Technology Valuation or Volatility modules.
  
This module can also supplement Aspen Technology's financial leverage analysis and stock options assessment as well as various Aspen Technology Technical models . Check out the analysis of Aspen Technology Correlation against competitors.
To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.

Latest Aspen Technology's Cash And Short Term Investments Growth Pattern

Below is the plot of the Cash And Short Term Investments of Aspen Technology over the last few years. Short Term Investments is an account in the current assets section of Aspen Technology balance sheet. This account contains Aspen Technology investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Aspen Technology fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. Aspen Technology's Cash And Short Term Investments historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Aspen Technology's overall financial position and show how it may be relating to other accounts over time.
Cash And Short Term Investments10 Years Trend
Slightly volatile
   Cash And Short Term Investments   
       Timeline  

Aspen Cash And Short Term Investments Regression Statistics

Arithmetic Mean215,216,780
Geometric Mean157,370,965
Coefficient Of Variation56.12
Mean Deviation95,756,281
Median215,446,000
Standard Deviation120,772,855
Sample Variance14586.1T
Range445.5M
R-Value0.42
Mean Square Error12991.5T
R-Squared0.17
Significance0.12
Slope11,230,716
Total Sum of Squares204205.2T

Aspen Cash And Short Term Investments History

2024159.4 M
2023277.4 M
2022241.2 M
2021449.7 M
2020379.9 M
2019287.8 M
201871.9 M

About Aspen Technology Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Aspen Technology income statement, its balance sheet, and the statement of cash flows. Aspen Technology investors use historical funamental indicators, such as Aspen Technology's Cash And Short Term Investments, to determine how well the company is positioned to perform in the future. Although Aspen Technology investors may use each financial statement separately, they are all related. The changes in Aspen Technology's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Aspen Technology's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Aspen Technology Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Aspen Technology. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Cash And Short Term Investments277.4 M159.4 M

Pair Trading with Aspen Technology

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 Aspen Technology 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 Aspen Technology will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Aspen Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspen Technology 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 Aspen Technology - 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 Aspen Technology to buy it.
The correlation of Aspen Technology 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 Aspen Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Technology 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 Aspen Technology 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.
Pair CorrelationCorrelation Matching
When determining whether Aspen Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aspen Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aspen Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aspen Technology Stock:
Check out the analysis of Aspen Technology Correlation against competitors.
To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Is Aspen Technology'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 Aspen Technology. If investors know Aspen 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 Aspen Technology 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
(0.63)
Earnings Share
(1.36)
Revenue Per Share
16.424
Quarterly Revenue Growth
0.059
Return On Assets
(0.01)
The market value of Aspen Technology is measured differently than its book value, which is the value of Aspen that is recorded on the company's balance sheet. Investors also form their own opinion of Aspen Technology's value that differs from its market value or its book value, called intrinsic value, which is Aspen Technology'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 Aspen Technology's market value can be influenced by many factors that don't directly affect Aspen Technology'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 Aspen Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Technology'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.