ADT Other Current Liab vs Net Receivables Analysis
ADT Stock | USD 7.18 0.01 0.14% |
ADT financial indicator trend analysis is way more than just evaluating ADT Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ADT Inc is a good investment. Please check the relationship between ADT Other Current Liab and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ADT 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 unemployment.
Other Current Liab vs Net Receivables
Other Current Liab vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ADT Inc Other Current Liab account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ADT's Other Current Liab and Net Receivables is 0.98. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of ADT Inc, assuming nothing else is changed. The correlation between historical values of ADT's Other Current Liab and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of ADT Inc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Liab i.e., ADT's Other Current Liab and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Current Liab
Net Receivables
Most indicators from ADT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ADT 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ADT 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 unemployment. At this time, ADT's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 10.4 M in 2024, whereas Enterprise Value Multiple is likely to drop 5.08 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 458M | 265M | 567.3M | 513.6M | Depreciation And Amortization | 1.9B | 1.7B | 1.5B | 1.6B |
ADT fundamental ratios Correlations
Click cells to compare fundamentals
ADT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ADT fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 747.2M | 776.3M | 825.4M | 903.2M | 911.6M | 851.9M | |
Total Assets | 16.1B | 16.1B | 16.9B | 17.9B | 16.0B | 16.7B | |
Short Long Term Debt Total | 9.7B | 9.5B | 9.7B | 9.8B | 7.9B | 9.5B | |
Other Current Liab | 478M | 583M | 736M | 899M | 585.3M | 535.6M | |
Total Current Liabilities | 1.1B | 1.3B | 1.7B | 2.7B | 1.5B | 1.4B | |
Total Stockholder Equity | 4.2B | 3.2B | 3.0B | 3.2B | 3.8B | 3.5B | |
Property Plant And Equipment Net | 3.1B | 3.0B | 3.2B | 3.4B | 3.4B | 3.2B | |
Current Deferred Revenue | 342M | 346M | 374M | 403M | 264.4M | 336.8M | |
Net Debt | 9.6B | 9.3B | 9.7B | 9.6B | 7.8B | 9.3B | |
Retained Earnings | (2.7B) | (3.5B) | (4.0B) | (3.9B) | (3.6B) | (3.8B) | |
Accounts Payable | 242M | 322M | 475M | 487M | 293.9M | 300.9M | |
Cash | 49M | 205M | 24M | 257M | 129.9M | 151.9M | |
Non Current Assets Total | 15.5B | 15.2B | 15.9B | 16.2B | 15.0B | 15.8B | |
Non Currrent Assets Other | 761M | 1.0B | 1.3B | 1.8B | 1.7B | 966.6M | |
Cash And Short Term Investments | 49M | 205M | 24M | 257M | 129.9M | 151.9M | |
Net Receivables | 287M | 336M | 442M | 597M | 434.7M | 329.8M | |
Good Will | 5.0B | 5.2B | 5.9B | 5.8B | 4.9B | 5.3B | |
Liabilities And Stockholders Equity | 16.1B | 16.1B | 16.9B | 17.9B | 16.0B | 16.7B | |
Non Current Liabilities Total | 11.8B | 11.8B | 11.9B | 11.8B | 10.7B | 11.8B | |
Inventory | 138M | 216M | 348M | 410M | 230.1M | 207.4M | |
Other Current Assets | 151M | 210M | 1M | 342M | 210.0M | 143.5M | |
Other Stockholder Equity | 6.0B | 6.6B | 7.3B | 7.4B | 7.4B | 6.1B | |
Total Liab | 12.9B | 13.1B | 13.6B | 14.4B | 12.2B | 13.2B | |
Total Current Assets | 625M | 967M | 993M | 1.7B | 1.0B | 874.1M | |
Intangible Assets | 6.7B | 5.9B | 5.4B | 5.1B | 4.9B | 4.7B | |
Other Assets | 638.4M | 879.2M | 1.2B | (1M) | (1.2M) | (1.1M) | |
Long Term Debt | 9.6B | 9.4B | 9.6B | 9.0B | 7.5B | 7.6B | |
Long Term Debt Total | 9.6B | 9.4B | 9.6B | 9.0B | 8.1B | 7.8B | |
Capital Surpluse | 6.0B | 6.6B | 7.3B | 7.4B | 8.5B | 6.6B | |
Accumulated Other Comprehensive Income | (58.4M) | (118.6M) | (69.0M) | (47.2M) | (16.2M) | (17.0M) | |
Cash And Equivalents | 48.7M | 205.0M | 24.5M | 257M | 295.6M | 172.4M | |
Common Stock | 7.5M | 8.3M | 9.0M | 9.2M | 9.2M | 7.0M | |
Property Plant Equipment | 3.2B | 3.1B | 3.4B | 3.4B | 4.0B | 3.6B |
Pair Trading with ADT
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 ADT 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 ADT will appreciate offsetting losses from the drop in the long position's value.Moving against ADT Stock
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The ability to find closely correlated positions to ADT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADT 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 ADT - 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 ADT Inc to buy it.
The correlation of ADT 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 ADT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADT 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 ADT 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 ADT 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 unemployment. Note that the ADT Inc information on this page should be used as a complementary analysis to other ADT'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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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Is ADT'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 ADT. If investors know ADT 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 ADT 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 2.832 | Dividend Share 0.16 | Earnings Share 0.17 | Revenue Per Share 5.389 | Quarterly Revenue Growth (0.05) |
The market value of ADT Inc is measured differently than its book value, which is the value of ADT that is recorded on the company's balance sheet. Investors also form their own opinion of ADT's value that differs from its market value or its book value, called intrinsic value, which is ADT'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 ADT's market value can be influenced by many factors that don't directly affect ADT'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 ADT's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADT'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.