Albireo Total Assets vs Total Liabilities Analysis

ALBODelisted Stock  USD 44.15  0.75  1.67%   
Albireo Pharma financial indicator trend analysis is way more than just evaluating Albireo Pharma prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Albireo Pharma is a good investment. Please check the relationship between Albireo Pharma Total Assets and its Total Liabilities accounts. Please continue to Trending Equities.

Total Assets vs Total Liabilities

Total Assets vs Total Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Albireo Pharma Total Assets account and Total Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Albireo Pharma's Total Assets and Total Liabilities is 0.98. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Liabilities in the same time period over historical financial statements of Albireo Pharma, assuming nothing else is changed. The correlation between historical values of Albireo Pharma's Total Assets and Total Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Albireo Pharma are associated (or correlated) with its Total Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liabilities has no effect on the direction of Total Assets i.e., Albireo Pharma's Total Assets and Total Liabilities go up and down completely randomly.

Correlation Coefficient

Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Albireo Pharma 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 Albireo Pharma 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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.

Total Liabilities

Deferred Income Tax is recorded on Albireo Pharma balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Albireo Pharma books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most indicators from Albireo Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Albireo Pharma 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. Please continue to Trending Equities.Albireo Pharma Selling General and Administrative Expense is very stable at the moment as compared to the past year. Albireo Pharma reported last year Selling General and Administrative Expense of 80 Million. As of 20th of March 2023, Issuance Purchase of Equity Shares is likely to grow to about 3.3 M, while Net Cash Flow Business Acquisitions and Disposals is likely to drop about 99.9 M.
 2020 2021 2022 2023 (projected)
Revenues USD8.31 M40.58 M46.67 M50.35 M
Revenues8.31 M40.58 M46.67 M50.35 M

Albireo Pharma fundamental ratios Correlations

Click cells to compare fundamentals

Albireo Pharma Account Relationship Matchups

Albireo Pharma fundamental ratios Accounts

201820192020202120222023 (projected)
Accounts Payable4.35 M4.79 M5.28 M6.52 M5.86 M6.33 M
Accumulated Other Comprehensive Income4.29 M6.45 M(8.61 M)1.1 M994.5 K916.74 K
Total Assets185.47 M165.07 M285.61 M302.05 M347.36 M374.78 M
Current Assets167.65 M141.8 M261.87 M268.93 M309.27 M333.69 M
Assets Non Current17.82 M23.27 M23.74 M33.12 M38.09 M41.1 M
Cash and Equivalents163.88 M131.84 M251.27 M248.11 M285.32 M307.85 M
Cash and Equivalents USD163.88 M131.84 M251.27 M248.11 M285.32 M307.85 M
Shareholders Equity122.64 M93.16 M181.23 M175.61 M201.95 M217.89 M
Shareholders Equity USD122.64 M93.16 M181.23 M175.61 M201.95 M217.89 M
Total Liabilities62.83 M71.91 M104.38 M126.44 M145.41 M156.89 M
Current Liabilities12.82 M18.92 M25.28 M45.35 M52.15 M56.27 M
Liabilities Non Current50 M52.98 M79.09 M81.1 M93.26 M100.62 M
Trade and Non Trade Payables4.35 M4.79 M5.28 M6.52 M7.49 M8.08 M
Property Plant and Equipment Net187 K597 K478 K668 K601.2 K536.5 K
Accumulated Retained Earnings Deficit(96.47 M)(159.19 M)(266.82 M)(300.85 M)(270.76 M)(277.89 M)
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Albireo Pharma in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Albireo Pharma's short interest history, or implied volatility extrapolated from Albireo Pharma options trading.

Pair Trading with Albireo Pharma

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 Albireo Pharma 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 Albireo Pharma will appreciate offsetting losses from the drop in the long position's value.

Moving against Albireo Pharma

-0.85ABIOARCA Biopharma Fiscal Quarter End 31st of March 2023 PairCorr
-0.74ACERAcer Therapeutics Financial Report 15th of May 2023 PairCorr
-0.55AADIAadi Bioscience Financial Report 11th of May 2023 PairCorr
-0.53ACGNAceragen Symbol ChangePairCorr
The ability to find closely correlated positions to Albireo Pharma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Albireo Pharma 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 Albireo Pharma - 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 Albireo Pharma to buy it.
The correlation of Albireo Pharma is a statistical measure of how it moves in relation to other equities. 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 Albireo Pharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Albireo Pharma 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 Albireo Pharma 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
Please continue to Trending Equities. Note that the Albireo Pharma information on this page should be used as a complementary analysis to other Albireo Pharma'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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Other Consideration for investing in Albireo Stock

If you are still planning to invest in Albireo Pharma check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Albireo Pharma's history and understand the potential risks before investing.
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