Ashford Non Recurring vs Operating Income Analysis
AHT Stock | USD 1.24 0.02 1.64% |
Ashford Hospitality financial indicator trend analysis is way more than just evaluating Ashford Hospitality Trust prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashford Hospitality Trust is a good investment. Please check the relationship between Ashford Hospitality Non Recurring and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashford Hospitality Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Non Recurring vs Operating Income
Non Recurring vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashford Hospitality Trust Non Recurring account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ashford Hospitality's Non Recurring and Operating Income is -0.48. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Operating Income in the same time period over historical financial statements of Ashford Hospitality Trust, assuming nothing else is changed. The correlation between historical values of Ashford Hospitality's Non Recurring and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Recurring of Ashford Hospitality Trust are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Non Recurring i.e., Ashford Hospitality's Non Recurring and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Recurring
Operating Income
Operating Income is the amount of profit realized from Ashford Hospitality Trust operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Ashford Hospitality Trust is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Ashford Hospitality's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashford Hospitality Trust 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 Ashford Hospitality Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At this time, Ashford Hospitality's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 3.8 B in 2024, whereas Discontinued Operations is likely to drop slightly above 26.4 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 697.0M | 953.2M | 1.2B | 674.5M | Depreciation And Amortization | 218.9M | 197.1M | 187.8M | 170.3M |
Ashford Hospitality fundamental ratios Correlations
Click cells to compare fundamentals
Ashford Hospitality Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ashford Hospitality fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.7B | 3.7B | 4.1B | 3.9B | 3.5B | 3.2B | |
Property Plant And Equipment Net | 50.0M | 45.0M | 44.6M | 43.9M | 44.0M | 41.8M | |
Non Currrent Assets Other | 17.9M | 23.3M | 16.2M | 3.2B | 3.1B | 3.2B | |
Other Assets | 19.2M | 3.6B | 188.9M | 283.6M | 3.2B | 3.4B | |
Common Stock Shares Outstanding | 998.4K | 1.6M | 21.8M | 34.3M | 34.5M | 36.2M | |
Liabilities And Stockholders Equity | 4.7B | 3.7B | 4.1B | 3.9B | 3.5B | 3.2B | |
Total Liab | 4.4B | 4.0B | 4.1B | 4.0B | 3.7B | 2.6B | |
Short Long Term Debt Total | 4.2B | 3.8B | 3.9B | 3.9B | 3.5B | 2.7B | |
Other Current Liab | 29.9M | 113.1M | 20.5M | (43.8M) | 14.7M | 15.4M | |
Total Stockholder Equity | 268.8M | (283.6M) | (2.7M) | (150.4M) | (261.1M) | (248.1M) | |
Other Liab | 28.0M | 7.5M | 7.0M | 6.3M | 5.7M | 5.4M | |
Net Debt | 3.9B | 3.7B | 3.3B | 3.5B | 3.2B | 2.5B | |
Accounts Payable | 134.3M | 100.0M | 117.7M | 116.0M | 129.3M | 85.6M | |
Cash | 262.6M | 92.9M | 592.1M | 417.1M | 311.3M | 219.3M | |
Long Term Debt | 4.1B | 3.7B | 3.9B | 3.8B | 3.4B | 2.6B | |
Short Term Investments | 14.6M | 263K | 501K | 3.1B | 13.7M | 13.0M | |
Non Current Liabilities Total | 4.2B | 3.8B | 3.9B | 3.9B | 3.5B | 2.7B | |
Inventory | 4.3M | 2.4M | 3.3M | 3.9M | 3.7M | 3.0M | |
Other Current Assets | 157.5M | 92.8M | 112.9M | (3.0B) | (390.9M) | (371.4M) | |
Other Stockholder Equity | 1.8B | 1.8B | 2.4B | 2.4B | 2.4B | 1.5B | |
Retained Earnings | (1.6B) | (2.1B) | (2.4B) | (2.5B) | (2.7B) | (2.6B) | |
Non Current Assets Total | 4.2B | 3.5B | 3.3B | 3.3B | 3.0B | 3.1B | |
Cash And Short Term Investments | 277.2M | 92.9M | 592.1M | 417.1M | 311.3M | 239.5M | |
Total Current Assets | 506.8M | 233.4M | 789.2M | 663.3M | 414.7M | 478.2M | |
Total Current Liabilities | 164.3M | 213.1M | 138.1M | 135.7M | 194.9M | 160.9M | |
Net Receivables | 67.7M | 45.2M | 80.8M | 84.4M | 75.9M | 66.8M | |
Common Stock Total Equity | 1.0M | 1.0M | 644K | 345K | 396.8K | 376.9K | |
Common Stock | 1.0M | 1.0M | 644K | 345K | 374K | 694.3K | |
Current Deferred Revenue | (3.3B) | (2.9B) | (3.3B) | (3.0B) | (2.7B) | (2.6B) | |
Short Term Debt | 3.3B | 2.9B | 3.3B | 63.5M | 3.1B | 3.2B | |
Noncontrolling Interest In Consolidated Entity | 646K | 616K | 504K | 166K | 190.9K | 181.4K | |
Retained Earnings Total Equity | (1.6B) | (2.1B) | (2.4B) | (2.5B) | (2.3B) | (2.2B) | |
Deferred Long Term Liab | 2.9M | 1.9M | 5.0M | 2.7M | 3.1M | 2.5M |
Pair Trading with Ashford Hospitality
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 Ashford Hospitality 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 Ashford Hospitality will appreciate offsetting losses from the drop in the long position's value.Moving together with Ashford Stock
0.64 | FR | First Industrial Realty | PairCorr |
Moving against Ashford Stock
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0.64 | AIV | Apartment Investment and Earnings Call This Week | PairCorr |
0.53 | PK | Park Hotels Resorts Financial Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to Ashford Hospitality could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashford Hospitality 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 Ashford Hospitality - 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 Ashford Hospitality Trust to buy it.
The correlation of Ashford Hospitality 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 Ashford Hospitality moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashford Hospitality Trust 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 Ashford Hospitality 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 Ashford Hospitality Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Ashford Hospitality Trust information on this page should be used as a complementary analysis to other Ashford Hospitality'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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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Is Ashford Hospitality'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 Ashford Hospitality. If investors know Ashford 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 Ashford Hospitality listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.61) | Revenue Per Share 39.579 | Quarterly Revenue Growth 0.007 | Return On Assets 0.02 | Return On Equity (22.60) |
The market value of Ashford Hospitality Trust is measured differently than its book value, which is the value of Ashford that is recorded on the company's balance sheet. Investors also form their own opinion of Ashford Hospitality's value that differs from its market value or its book value, called intrinsic value, which is Ashford Hospitality'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 Ashford Hospitality's market value can be influenced by many factors that don't directly affect Ashford Hospitality'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 Ashford Hospitality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashford Hospitality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashford Hospitality'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.