American Total Stockholder Equity vs Net Receivables Analysis
AMT Stock | USD 171.69 1.21 0.70% |
American Tower financial indicator trend analysis is way more than just evaluating American Tower Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Tower Corp is a good investment. Please check the relationship between American Tower Total Stockholder Equity and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Tower 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 population.
Total Stockholder Equity vs Net Receivables
Total Stockholder Equity vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Tower Corp Total Stockholder Equity account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between American Tower's Total Stockholder Equity and Net Receivables is 0.46. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Receivables in the same time period over historical financial statements of American Tower Corp, assuming nothing else is changed. The correlation between historical values of American Tower's Total Stockholder Equity 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 Total Stockholder Equity of American Tower Corp 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 Total Stockholder Equity i.e., American Tower's Total Stockholder Equity and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Net Receivables
Most indicators from American Tower's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Tower 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 American Tower 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 population. At this time, American Tower's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 90.4 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.7B | 7.4B | 4.8B | 2.7B | Total Revenue | 9.4B | 10.7B | 11.1B | 11.7B |
American Tower fundamental ratios Correlations
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American Tower Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Tower fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 42.8B | 47.2B | 69.9B | 67.2B | 66.0B | 69.3B | |
Short Long Term Debt Total | 31.1B | 36.7B | 52.0B | 47.1B | 47.2B | 49.5B | |
Other Current Liab | 1.6B | 1.8B | 2.3B | 2.4B | 2.6B | 2.7B | |
Total Current Liabilities | 5.5B | 3.7B | 9.1B | 8.3B | 7.2B | 7.6B | |
Total Stockholder Equity | 5.1B | 4.1B | 5.1B | 5.6B | 4.2B | 4.0B | |
Property Plant And Equipment Net | 19.4B | 20.6B | 29.0B | 28.9B | 19.8B | 20.8B | |
Current Deferred Revenue | 294.3M | 390.6M | 1.2B | 439.7M | 434.7M | 229.8M | |
Net Debt | 29.6B | 35.0B | 50.1B | 45.0B | 45.1B | 47.3B | |
Retained Earnings | (1.0B) | (1.3B) | (1.1B) | (2.1B) | (3.6B) | (3.5B) | |
Accounts Payable | 148.1M | 139.1M | 272.4M | 218.6M | 258.7M | 153.2M | |
Cash | 1.5B | 1.7B | 1.9B | 2.0B | 2.1B | 2.2B | |
Non Current Assets Total | 40.2B | 44.3B | 66.2B | 63.6B | 62.3B | 65.4B | |
Non Currrent Assets Other | 406.4M | 400.1M | 400.9M | 3.6B | 9.6B | 10.0B | |
Cash And Short Term Investments | 1.5B | 1.7B | 1.9B | 2.0B | 2.1B | 2.2B | |
Net Receivables | 462.2M | 511.6M | 728.9M | 758.3M | 669.7M | 703.2M | |
Good Will | 6.2B | 7.3B | 13.4B | 13.0B | 12.6B | 13.3B | |
Common Stock Shares Outstanding | 445.5M | 446.1M | 453.3M | 462.8M | 467.2M | 377.3M | |
Liabilities And Stockholders Equity | 42.8B | 47.2B | 69.9B | 67.2B | 66.0B | 69.3B | |
Non Current Liabilities Total | 30.7B | 38.8B | 51.8B | 46.5B | 47.9B | 50.3B | |
Other Current Assets | 513.6M | 532.6M | 657.2M | 723.3M | (2.8B) | (2.6B) | |
Other Stockholder Equity | 8.9B | 9.2B | 11.0B | 13.4B | 13.6B | 7.1B | |
Total Liab | 36.2B | 42.5B | 60.8B | 54.8B | 55.2B | 57.9B | |
Property Plant And Equipment Gross | 19.4B | 20.6B | 29.0B | 28.9B | 39.8B | 41.8B | |
Total Current Assets | 2.6B | 2.9B | 3.7B | 3.6B | 3.7B | 3.9B | |
Accumulated Other Comprehensive Income | (2.8B) | (3.8B) | (4.7B) | (5.7B) | (5.7B) | (5.5B) | |
Short Term Debt | 3.4B | 1.3B | 5.3B | 5.3B | 4.0B | 4.2B | |
Intangible Assets | 12.3B | 13.8B | 20.7B | 18.0B | 16.5B | 17.3B | |
Inventory | 76.8M | 115.1M | 393.4M | 112.3M | 129.1M | 110.0M | |
Other Liab | 3.1B | 3.4B | 5.0B | 4.7B | 5.4B | 5.7B | |
Other Assets | 2.3B | 2.6B | 3.1B | 3.2B | 4.3B | 2.3B | |
Long Term Debt | 21.1B | 28.5B | 38.7B | 34.2B | 35.7B | 37.5B | |
Treasury Stock | (974M) | (1.2B) | (1.2B) | (1.3B) | (1.2B) | (1.2B) | |
Property Plant Equipment | 19.4B | 20.6B | 29.0B | 28.9B | 33.3B | 34.9B | |
Noncontrolling Interest In Consolidated Entity | 435M | 474.9M | 4.0B | 6.8B | 7.9B | 8.3B | |
Retained Earnings Total Equity | (1.0B) | (1.3B) | (1.1B) | (2.1B) | (1.9B) | (1.8B) |
Pair Trading with American Tower
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 American Tower 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 American Tower will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
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Moving against American Stock
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The ability to find closely correlated positions to American Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Tower 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 American Tower - 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 American Tower Corp to buy it.
The correlation of American Tower 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 American Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Tower 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 American Tower 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 American Tower 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 population. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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When running American Tower's price analysis, check to measure American Tower'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 American Tower is operating at the current time. Most of American Tower's value examination focuses on studying past and present price action to predict the probability of American Tower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Tower's price. Additionally, you may evaluate how the addition of American Tower to your portfolios can decrease your overall portfolio volatility.
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Is American Tower'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 American Tower. If investors know American 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 American Tower 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 (0.30) | Dividend Share 6.45 | Earnings Share 3.18 | Revenue Per Share 23.911 | Quarterly Revenue Growth 0.03 |
The market value of American Tower Corp is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Tower's value that differs from its market value or its book value, called intrinsic value, which is American Tower'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 American Tower's market value can be influenced by many factors that don't directly affect American Tower'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 American Tower's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Tower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Tower'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.