AGBA Historical Income Statement
| AGBA Stock | USD 3.34 0.22 7.05% |
Historical analysis of AGBA Acquisition income statement accounts such as Interest Expense of 745.3 K, Selling General Administrative of 24.6 M or Total Revenue of 58.5 M can show how well AGBA Acquisition performed in making a profits. Evaluating AGBA Acquisition income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of AGBA Acquisition's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining AGBA Acquisition latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether AGBA Acquisition is a good buy for the upcoming year.
AGBA |
About AGBA Income Statement Analysis
AGBA Acquisition Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to AGBA Acquisition shareholders. The income statement also shows AGBA investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
AGBA Acquisition Income Statement Chart
AGBA Acquisition Income Statement is one of the three primary financial statements used for reporting AGBA's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of AGBA Acquisition revenue and expense. AGBA Acquisition Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, AGBA Acquisition's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 58.5 M, whereas Interest Expense is forecasted to decline to about 745.3 K. Add Fundamental
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from AGBA Acquisition's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into AGBA Acquisition current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 AGBA Acquisition. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade AGBA Stock refer to our How to Trade AGBA Stock guide.At present, AGBA Acquisition's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 58.5 M, whereas Interest Expense is forecasted to decline to about 745.3 K.
AGBA Acquisition income statement Correlations
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AGBA Acquisition Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AGBA Acquisition income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 506.1K | 868.3K | 484.0K | 33.0M | 784.5K | 745.3K | |
| Selling General Administrative | 338.6K | 9.2M | 15.4M | 6.2M | 23.4M | 24.6M | |
| Other Operating Expenses | 338.6K | 15.6M | 19.9M | 59.4M | 107.4M | 112.8M | |
| Operating Income | (338.7K) | 8.8M | (8.4M) | (28.4M) | (50.6M) | (48.1M) | |
| Net Income From Continuing Ops | 167.5K | (167.4K) | (769.3K) | (44.5M) | (49.2M) | (46.7M) | |
| Ebit | (844.8K) | 8.8M | (8.4M) | (28.4M) | (50.6M) | (48.1M) | |
| Total Operating Expenses | 338.6K | 10.1M | 15.6M | 18.5M | 64.5M | 67.7M | |
| Income Before Tax | 197.5K | (15.5M) | 120.0M | (44.4M) | (48.9M) | (46.5M) | |
| Total Other Income Expense Net | 536.1K | (24.2M) | 128.4M | (16.0M) | 1.7M | 1.6M | |
| Net Income Applicable To Common Shares | (277.3K) | (466.1K) | (769.3K) | (44.5M) | (40.1M) | (38.1M) | |
| Net Income | 197.5K | (16.1M) | 96.5M | (44.5M) | (49.2M) | (46.7M) | |
| Income Tax Expense | (506.1K) | 683.5K | 23.5M | 124.6K | 286.5K | 272.2K |
Pair Trading with AGBA Acquisition
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 AGBA Acquisition 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 AGBA Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving together with AGBA Stock
| 0.72 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.73 | SF | Stifel Financial Financial Report 24th of July 2024 | PairCorr |
Moving against AGBA Stock
| 0.56 | V | Visa Class A Financial Report 23rd of July 2024 | PairCorr |
| 0.53 | ECPG | Encore Capital Group Earnings Call This Week | PairCorr |
| 0.51 | MC | Moelis | PairCorr |
| 0.44 | BFIIW | BurgerFi International | PairCorr |
The ability to find closely correlated positions to AGBA Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGBA Acquisition 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 AGBA Acquisition - 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 AGBA Acquisition to buy it.
The correlation of AGBA Acquisition 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 AGBA Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AGBA Acquisition 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 AGBA Acquisition 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 AGBA Acquisition. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade AGBA Stock refer to our How to Trade AGBA Stock guide.Note that the AGBA Acquisition information on this page should be used as a complementary analysis to other AGBA Acquisition'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.
Complementary Tools for AGBA Stock analysis
When running AGBA Acquisition's price analysis, check to measure AGBA Acquisition'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 AGBA Acquisition is operating at the current time. Most of AGBA Acquisition's value examination focuses on studying past and present price action to predict the probability of AGBA Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AGBA Acquisition's price. Additionally, you may evaluate how the addition of AGBA Acquisition to your portfolios can decrease your overall portfolio volatility.
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Is AGBA Acquisition'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 AGBA Acquisition. If investors know AGBA 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 AGBA Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.75) | Revenue Per Share 0.83 | Quarterly Revenue Growth 0.074 | Return On Assets (0.32) | Return On Equity (2.79) |
The market value of AGBA Acquisition is measured differently than its book value, which is the value of AGBA that is recorded on the company's balance sheet. Investors also form their own opinion of AGBA Acquisition's value that differs from its market value or its book value, called intrinsic value, which is AGBA Acquisition'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 AGBA Acquisition's market value can be influenced by many factors that don't directly affect AGBA Acquisition'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 AGBA Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if AGBA Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AGBA Acquisition'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.