Great Long Term Debt Total vs Total Assets Analysis
AJX Stock | USD 3.49 0.05 1.45% |
Great Ajax financial indicator trend analysis is much more than just examining Great Ajax Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Ajax Corp is a good investment. Please check the relationship between Great Ajax Long Term Debt Total and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
Long Term Debt Total vs Total Assets
Long Term Debt Total vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great Ajax Corp Long Term Debt Total account and Total Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Great Ajax's Long Term Debt Total and Total Assets is 0.06. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of Great Ajax Corp, assuming nothing else is changed. The correlation between historical values of Great Ajax's Long Term Debt Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Great Ajax Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Debt Total i.e., Great Ajax's Long Term Debt Total and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Debt Total
Total Assets
Total assets refers to the total amount of Great Ajax assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Great Ajax Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Great Ajax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Ajax Corp 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 Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. At this time, Great Ajax's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 25 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 15.2M | 19.3M | 47.6M | 30.9M | Total Revenue | 31.9M | 35.6M | 62.7M | 39.7M |
Great Ajax fundamental ratios Correlations
Click cells to compare fundamentals
Great Ajax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Great Ajax fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6B | 1.7B | 1.8B | 1.5B | 1.3B | 1.4B | |
Short Long Term Debt Total | 771.5M | 695.5M | 678.4M | 677.5M | 997.3M | 675.7M | |
Total Current Liabilities | 421.2M | 443.8M | 580.8M | 106.0M | 375.7M | 341.7M | |
Total Stockholder Equity | 359.9M | 485.4M | 497.3M | 335.3M | 308.9M | 356.4M | |
Net Tangible Assets | 359.9M | 370.2M | 382.2M | 300.8M | 345.9M | 325.9M | |
Net Debt | 707.2M | 588.3M | 594.0M | 629.7M | 944.5M | 611.3M | |
Retained Earnings | 49.4M | 53.3M | 66.4M | 13.3M | (54.4M) | (51.7M) | |
Accounts Payable | 7.1M | 22.6M | 11.1M | 11.4M | 13.2M | 8.9M | |
Cash | 64.3M | 107.1M | 84.4M | 47.8M | 52.8M | 64.4M | |
Non Current Assets Total | 319.3M | 393.9M | 521.8M | 421.8M | 407.8M | 552.7M | |
Non Currrent Assets Other | (1.5M) | (719K) | (521.8M) | (421.8M) | (323.4M) | (307.2M) | |
Other Assets | 1.2B | 1.1B | 1.1B | 25.7M | 744.1M | 458.1M | |
Long Term Debt | 118.8M | 110.1M | 102.8M | 210.3M | 621.6M | 383.4M | |
Cash And Short Term Investments | 64.3M | 107.1M | 84.4M | 1.0B | 52.8M | 50.2M | |
Net Receivables | 17.0M | 15.8M | 20.9M | 7.5M | 7.3M | 13.1M | |
Common Stock Total Equity | 222K | 231K | 233K | 241K | 277.2K | 213.5K | |
Common Stock Shares Outstanding | 28.2M | 22.6M | 30.3M | 23.0M | 24.3M | 24.9M | |
Liabilities And Stockholders Equity | 1.6B | 1.7B | 1.8B | 1.5B | 1.3B | 1.4B | |
Non Current Liabilities Total | 771.5M | 695.5M | 678.4M | 1.0B | 103.5M | 98.3M | |
Other Current Assets | (81.4M) | (124.0M) | (109.6M) | (57.2M) | (60.1M) | (63.1M) | |
Other Stockholder Equity | 308.9M | 316.3M | 314.5M | 312.9M | 342.5M | 299.8M | |
Total Liab | 771.5M | 695.5M | 678.4M | 1.1B | 1.0B | 860.0M | |
Long Term Investments | 1.5B | 1.5B | 1.5B | 1.2B | 323.4M | 307.2M | |
Total Current Assets | 81.4M | 122.9M | 105.3M | 1.0B | 184.4M | 174.0M | |
Short Term Debt | 414.1M | 421.1M | 546.1M | 106.0M | 375.7M | 341.6M | |
Common Stock | 222K | 231K | 233K | 241K | 285K | 223.5K | |
Property Plant Equipment | 1.5M | 719K | 6.1M | 6.3M | 7.3M | 4.3M | |
Other Current Liab | 7.1M | 22.6M | 34.7M | (375.7M) | (338.2M) | (321.3M) | |
Noncontrolling Interest In Consolidated Entity | 24.2M | 29.1M | 3.2M | 2.1M | 1.9M | 1.8M | |
Retained Earnings Total Equity | 49.4M | 53.3M | 66.4M | 13.3M | 15.3M | 14.5M | |
Long Term Debt Total | 118.8M | 110.1M | 102.8M | 210.3M | 189.3M | 278.0M | |
Capital Surpluse | 309.4M | 317.4M | 316.2M | 322.4M | 370.8M | 307.6M | |
Accumulated Other Comprehensive Income | 1.3M | 375K | 1.0M | (25.6M) | (14.0M) | (13.3M) | |
Treasury Stock | (458K) | (1.2M) | (1.7M) | (9.5M) | (8.6M) | (8.1M) |
Pair Trading with Great Ajax
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 Great Ajax 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 Great Ajax will appreciate offsetting losses from the drop in the long position's value.Moving against Great Stock
0.76 | DSAQ | Direct Selling Acqui | PairCorr |
0.73 | DB | Deutsche Bank AG Normal Trading | PairCorr |
0.71 | LU | Lufax Holding Financial Report 27th of May 2024 | PairCorr |
0.69 | QD | Qudian Inc | PairCorr |
0.65 | TW | Tradeweb Markets | PairCorr |
The ability to find closely correlated positions to Great Ajax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Ajax 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 Great Ajax - 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 Great Ajax Corp to buy it.
The correlation of Great Ajax 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 Great Ajax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Ajax Corp 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 Great Ajax 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 Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. 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 Great Ajax'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 Great Ajax. If investors know Great 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 Great Ajax 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 (0.50) | Dividend Share 0.76 | Earnings Share (2.01) | Revenue Per Share (0.80) | Quarterly Revenue Growth (0.82) |
The market value of Great Ajax Corp is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Ajax's value that differs from its market value or its book value, called intrinsic value, which is Great Ajax'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 Great Ajax's market value can be influenced by many factors that don't directly affect Great Ajax'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 Great Ajax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Ajax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Ajax'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.