AMTD Net Receivables vs Other Current Assets Analysis
AMTD Stock | USD 1.70 0.01 0.58% |
AMTD IDEA financial indicator trend analysis is way more than just evaluating AMTD IDEA Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AMTD IDEA Group is a good investment. Please check the relationship between AMTD IDEA Net Receivables and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AMTD IDEA Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Net Receivables vs Other Current Assets
Net Receivables vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AMTD IDEA Group Net Receivables account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between AMTD IDEA's Net Receivables and Other Current Assets is -0.21. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of AMTD IDEA Group, assuming nothing else is changed. The correlation between historical values of AMTD IDEA's Net Receivables and Other Current 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 Net Receivables of AMTD IDEA Group are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Receivables i.e., AMTD IDEA's Net Receivables and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Receivables
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from AMTD IDEA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AMTD IDEA Group 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 AMTD IDEA Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. As of April 30, 2024, Selling General Administrative is expected to decline to about 142 M. In addition to that, Tax Provision is expected to decline to about 51 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 12.8M | 6.7M | 6.1M | 5.8M | Depreciation And Amortization | 44.2K | 5.8M | 6.7M | 6.3M |
AMTD IDEA fundamental ratios Correlations
Click cells to compare fundamentals
AMTD IDEA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AMTD IDEA fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.3B | 10.5B | 6.7B | 8.3B | 9.5B | 9.4B | |
Short Long Term Debt Total | 413.7M | 335.6M | 500.8M | 160.5M | 184.6M | 175.3M | |
Total Stockholder Equity | 6.8B | 9.7B | 5.8B | 7.6B | 8.7B | 9.1B | |
Property Plant And Equipment Net | 31.0K | 111.4K | 67.1K | 90.1K | 103.6K | 98.4K | |
Net Debt | (352.7M) | (118.4M) | (25.4M) | (917.9M) | (826.1M) | (784.8M) | |
Retained Earnings | 2.3B | 3.3B | 4.4B | 5.6B | 6.4B | 6.7B | |
Cash | 766.4M | 454.0M | 526.2M | 1.1B | 1.2B | 674.7M | |
Non Current Assets Total | 15.2M | 2.2B | 2.8B | 2.3B | 2.7B | 3.9B | |
Cash And Short Term Investments | 2.3B | 516.5M | 526.2M | 1.1B | 1.2B | 900.9M | |
Common Stock Shares Outstanding | 108.2M | 123.0M | 114.0M | 138.5M | 124.6M | 182.8M | |
Liabilities And Stockholders Equity | 8.3B | 10.5B | 6.7B | 8.3B | 9.5B | 9.8B | |
Non Current Liabilities Total | 359.7M | 116.2M | 125.7M | 29.4M | 26.4M | 25.1M | |
Other Current Assets | 245.5M | 7.8T | 3.3T | 3.7T | 4.3T | 4.5T | |
Other Stockholder Equity | 6.8T | 1.8B | (3.2B) | (5.7B) | (6.6B) | (6.3B) | |
Total Liab | 1.4B | 802.1M | 898.0M | 454.7M | 522.9M | 496.7M | |
Total Current Assets | 8.3B | 8.3B | 3.9B | 5.9B | 6.8B | 5.5B | |
Other Current Liab | 160.7M | 204.3M | 227.7M | 169.0M | 152.1M | 144.5M | |
Total Current Liabilities | 1.1B | 685.9M | 772.2M | 425.3M | 382.8M | 363.6M | |
Accounts Payable | 492.0M | 202.0M | 155.0M | 82.3M | 74.1M | 70.4M | |
Net Receivables | 4.5B | 6.6B | 2.2B | 3.4B | 3.9B | 6.9B | |
Current Deferred Revenue | 112.0M | 47.3M | 631.0K | 17.1M | 15.4M | 14.6M | |
Accumulated Other Comprehensive Income | 4.6B | 4.6B | 4.6B | 7.7B | 8.9B | 9.3B | |
Short Term Debt | 317.7M | 232.3M | 388.9M | 156.9M | 180.4M | 263.4M | |
Net Tangible Assets | 6.8B | 9.7B | 5.8B | 6.8B | 7.8B | 6.2B | |
Property Plant Equipment | 31.0K | 111.4K | 67.1K | 90.1K | 81.1K | 117.7K | |
Net Invested Capital | 7.2B | 10.1B | 6.3B | 7.7B | 8.9B | 7.5B | |
Short Long Term Debt | 317.7M | 232.3M | 388.9M | 156.9M | 141.2M | 226.8M | |
Net Working Capital | 7.2B | 7.6B | 3.1B | 5.5B | 6.3B | 5.9B |
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 AMTD IDEA 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, AMTD IDEA's short interest history, or implied volatility extrapolated from AMTD IDEA options trading.
Pair Trading with AMTD IDEA
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 AMTD IDEA 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 AMTD IDEA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AMTD IDEA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMTD IDEA 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 AMTD IDEA - 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 AMTD IDEA Group to buy it.
The correlation of AMTD IDEA 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 AMTD IDEA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMTD IDEA Group 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 AMTD IDEA 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 AMTD IDEA Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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When running AMTD IDEA's price analysis, check to measure AMTD IDEA'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 AMTD IDEA is operating at the current time. Most of AMTD IDEA's value examination focuses on studying past and present price action to predict the probability of AMTD IDEA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMTD IDEA's price. Additionally, you may evaluate how the addition of AMTD IDEA to your portfolios can decrease your overall portfolio volatility.
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Is AMTD IDEA'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 AMTD IDEA. If investors know AMTD 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 AMTD IDEA 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 (0.49) | Earnings Share 2.97 | Revenue Per Share 27.353 | Quarterly Revenue Growth 1.192 | Return On Assets 0.1119 |
The market value of AMTD IDEA Group is measured differently than its book value, which is the value of AMTD that is recorded on the company's balance sheet. Investors also form their own opinion of AMTD IDEA's value that differs from its market value or its book value, called intrinsic value, which is AMTD IDEA'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 AMTD IDEA's market value can be influenced by many factors that don't directly affect AMTD IDEA'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 AMTD IDEA's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMTD IDEA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMTD IDEA'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.