Aspen Total Assets vs Non Currrent Assets Other Analysis

ASPN Stock

USD 26.63 0.36 1.37%

Aspen Aerogels financial indicator trend analysis is way more than just evaluating Aspen Aerogels prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aspen Aerogels is a good investment. Please check the relationship between Aspen Aerogels Total Assets and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Aerogels. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Aerogels guide.

Total Assets vs Non Currrent Assets Other

Total Assets vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aspen Aerogels Total Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Aspen Aerogels' Total Assets and Non Currrent Assets Other is 0.89. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Aspen Aerogels, assuming nothing else is changed. The correlation between historical values of Aspen Aerogels' Total Assets and Non Currrent Assets Other 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 Aspen Aerogels are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Assets i.e., Aspen Aerogels' Total Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Aspen Aerogels 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 Aspen Aerogels 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.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most indicators from Aspen Aerogels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aspen Aerogels 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 Aspen Aerogels. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Aerogels guide.At this time, Aspen Aerogels' Selling General Administrative is very stable compared to the past year. As of the 9th of May 2024, Enterprise Value is likely to grow to about 1.1 B, while Issuance Of Capital Stock is likely to drop about 214.1 M.

	2021	2023	2024 (projected)
Interest Expense	229K	5.3M	6.5M
Depreciation And Amortization	9.4M	18.2M	10.2M

Interest Expense Depreciation And Amortization

Aspen Aerogels fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Assets
Total Assets		0.64	0.92	0.97	0.97	0.97	0.34	-0.39	-0.81	0.99	0.88	0.98	0.89	0.88	0.96	0.92	0.65	0.94	0.94	0.72	0.79	0.95	0.96	-0.11	0.68	0.71
Short Long Term Debt Total	0.64		0.7	0.71	0.43	0.67	0.06	0.34	-0.3	0.62	0.49	0.67	0.61	0.49	0.6	0.57	0.98	0.6	0.6	0.18	0.96	0.65	0.56	0.37	0.42	0.44
Other Current Liab	0.92	0.7		0.91	0.85	0.94	0.32	-0.19	-0.67	0.89	0.74	0.94	0.9	0.74	0.87	0.89	0.74	0.89	0.93	0.52	0.85	0.93	0.84	-0.15	0.68	0.65
Total Current Liabilities	0.97	0.71	0.91		0.91	0.93	0.47	-0.32	-0.81	0.98	0.87	0.93	0.89	0.87	0.95	0.89	0.7	0.9	0.9	0.71	0.84	0.9	0.95	0.06	0.75	0.67
Total Stockholder Equity	0.97	0.43	0.85	0.91		0.93	0.37	-0.56	-0.87	0.96	0.87	0.93	0.83	0.87	0.94	0.89	0.43	0.92	0.91	0.8	0.61	0.9	0.95	-0.24	0.65	0.69
Property Plant And Equipment Net	0.97	0.67	0.94	0.93	0.93		0.21	-0.23	-0.78	0.94	0.75	1.0	0.83	0.75	0.95	0.95	0.67	0.97	0.98	0.64	0.8	0.99	0.87	-0.1	0.65	0.68
Current Deferred Revenue	0.34	0.06	0.32	0.47	0.37	0.21		-0.5	-0.58	0.42	0.51	0.21	0.44	0.51	0.39	0.29	0.05	0.28	0.22	0.54	0.18	0.16	0.48	-0.04	0.65	0.34
Net Debt	-0.39	0.34	-0.19	-0.32	-0.56	-0.23	-0.5		0.49	-0.44	-0.65	-0.23	-0.42	-0.65	-0.31	-0.22	0.3	-0.23	-0.22	-0.62	0.13	-0.17	-0.56	0.48	-0.3	-0.31
Retained Earnings	-0.81	-0.3	-0.67	-0.81	-0.87	-0.78	-0.58	0.49		-0.83	-0.7	-0.78	-0.63	-0.7	-0.87	-0.84	-0.24	-0.85	-0.8	-0.85	-0.44	-0.76	-0.8	0.07	-0.75	-0.72
Accounts Payable	0.99	0.62	0.89	0.98	0.96	0.94	0.42	-0.44	-0.83		0.91	0.94	0.88	0.91	0.95	0.88	0.61	0.91	0.9	0.75	0.77	0.91	0.97	-0.12	0.7	0.66
Cash	0.88	0.49	0.74	0.87	0.87	0.75	0.51	-0.65	-0.7	0.91		0.75	0.88	1.0	0.77	0.66	0.51	0.7	0.69	0.72	0.66	0.68	0.97	-0.15	0.61	0.64
Non Current Assets Total	0.98	0.67	0.94	0.93	0.93	1.0	0.21	-0.23	-0.78	0.94	0.75		0.83	0.75	0.95	0.95	0.67	0.97	0.98	0.64	0.8	0.99	0.88	-0.1	0.65	0.68
Non Currrent Assets Other	0.89	0.61	0.9	0.89	0.83	0.83	0.44	-0.42	-0.63	0.88	0.88	0.83		0.88	0.77	0.79	0.67	0.78	0.81	0.58	0.79	0.8	0.91	-0.11	0.72	0.68
Cash And Short Term Investments	0.88	0.49	0.74	0.87	0.87	0.75	0.51	-0.65	-0.7	0.91	1.0	0.75	0.88		0.77	0.66	0.51	0.7	0.69	0.72	0.66	0.68	0.97	-0.15	0.61	0.64
Net Receivables	0.96	0.6	0.87	0.95	0.94	0.95	0.39	-0.31	-0.87	0.95	0.77	0.95	0.77	0.77		0.93	0.57	0.94	0.93	0.75	0.73	0.94	0.89	-0.02	0.69	0.64
Common Stock Shares Outstanding	0.92	0.57	0.89	0.89	0.89	0.95	0.29	-0.22	-0.84	0.88	0.66	0.95	0.79	0.66	0.93		0.57	0.98	0.98	0.68	0.71	0.96	0.81	-0.02	0.71	0.74
Non Current Liabilities Total	0.65	0.98	0.74	0.7	0.43	0.67	0.05	0.3	-0.24	0.61	0.51	0.67	0.67	0.51	0.57	0.57		0.59	0.61	0.14	0.97	0.66	0.57	0.29	0.44	0.46
Inventory	0.94	0.6	0.89	0.9	0.92	0.97	0.28	-0.23	-0.85	0.91	0.7	0.97	0.78	0.7	0.94	0.98	0.59		0.98	0.69	0.73	0.97	0.84	-0.08	0.72	0.77
Other Current Assets	0.94	0.6	0.93	0.9	0.91	0.98	0.22	-0.22	-0.8	0.9	0.69	0.98	0.81	0.69	0.93	0.98	0.61	0.98		0.64	0.74	0.99	0.83	-0.1	0.68	0.72
Other Stockholder Equity	0.72	0.18	0.52	0.71	0.8	0.64	0.54	-0.62	-0.85	0.75	0.72	0.64	0.58	0.72	0.75	0.68	0.14	0.69	0.64		0.33	0.6	0.77	-0.12	0.57	0.57
Total Liab	0.79	0.96	0.85	0.84	0.61	0.8	0.18	0.13	-0.44	0.77	0.66	0.8	0.79	0.66	0.73	0.71	0.97	0.73	0.74	0.33		0.78	0.73	0.24	0.57	0.56
Property Plant And Equipment Gross	0.95	0.65	0.93	0.9	0.9	0.99	0.16	-0.17	-0.76	0.91	0.68	0.99	0.8	0.68	0.94	0.96	0.66	0.97	0.99	0.6	0.78		0.82	-0.09	0.64	0.67
Total Current Assets	0.96	0.56	0.84	0.95	0.95	0.87	0.48	-0.56	-0.8	0.97	0.97	0.88	0.91	0.97	0.89	0.81	0.57	0.84	0.83	0.77	0.73	0.82		-0.13	0.68	0.7
Short Term Debt	-0.11	0.37	-0.15	0.06	-0.24	-0.1	-0.04	0.48	0.07	-0.12	-0.15	-0.1	-0.11	-0.15	-0.02	-0.02	0.29	-0.08	-0.1	-0.12	0.24	-0.09	-0.13		0.02	-0.08
Common Stock	0.68	0.42	0.68	0.75	0.65	0.65	0.65	-0.3	-0.75	0.7	0.61	0.65	0.72	0.61	0.69	0.71	0.44	0.72	0.68	0.57	0.57	0.64	0.68	0.02		0.71
Other Assets	0.71	0.44	0.65	0.67	0.69	0.68	0.34	-0.31	-0.72	0.66	0.64	0.68	0.68	0.64	0.64	0.74	0.46	0.77	0.72	0.57	0.56	0.67	0.7	-0.08	0.71

Click cells to compare fundamentals

Aspen Aerogels Account Relationship Matchups

Aspen Aerogels fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	103.5M	97.4M	183.0M	646.6M	703.0M	738.2M
Short Long Term Debt Total	8.5M	8.3M	15.2M	126.7M	138.8M	145.7M
Other Current Liab	8.1M	3.9M	10.8M	16.0M	22.8M	24.0M
Total Current Liabilities	30.4M	13.9M	36.6M	79.3M	78.1M	82.0M
Total Stockholder Equity	59.0M	67.9M	128.4M	447.4M	488.1M	512.5M
Property Plant And Equipment Net	57.6M	50.2M	69.3M	274.4M	434.4M	456.2M
Current Deferred Revenue	5.6M	2.0M	6.0M	5.8M	2.3M	2.4M
Net Debt	4.8M	(8.2M)	(61.3M)	(154.7M)	(1.2M)	(1.3M)
Retained Earnings	(486.2M)	(508.0M)	(545.1M)	(627.8M)	(673.6M)	(707.3M)
Accounts Payable	12.6M	5.4M	17.4M	54.7M	51.1M	53.6M
Cash	3.6M	16.5M	76.6M	281.3M	140.0M	147.0M
Non Current Assets Total	57.7M	50.3M	70.8M	276.9M	436.7M	458.6M
Cash And Short Term Investments	3.6M	16.5M	76.6M	281.3M	140.0M	147.0M
Net Receivables	32.3M	15.7M	20.4M	57.4M	70.0M	73.5M
Common Stock Shares Outstanding	24.1M	26.4M	30.4M	39.4M	69.4M	72.9M
Liabilities And Stockholders Equity	103.5M	97.4M	183.0M	203.2M	703.0M	738.2M
Non Current Liabilities Total	14.1M	15.6M	18.0M	123.9M	136.9M	143.7M
Inventory	8.8M	13.1M	12.0M	22.5M	39.2M	41.1M
Other Current Assets	1.1M	1.8M	3.2M	7.2M	17.2M	18.0M
Other Stockholder Equity	545.1M	575.8M	673.5M	1.1B	1.2B	605.4M
Total Liab	44.5M	29.6M	54.5M	203.2M	215.0M	225.7M
Property Plant And Equipment Gross	57.6M	50.2M	69.3M	274.4M	575.7M	604.5M
Total Current Assets	45.8M	47.1M	112.2M	369.7M	266.3M	279.6M
Short Term Debt	4.2M	2.7M	2.2M	2.8M	1.9M	2.4M
Common Stock	70.3M	59.0M	67.9M	128.4M	147.7M	155.1M
Other Assets	84K	3.6M	1.5M	2.5M	2.9M	3.0M
Property Plant Equipment	57.6M	46.7M	69.3M	259.2M	298.1M	313.0M
Other Liab	5.7M	9.8M	10.0M	5M	5.8M	4.3M
Net Tangible Assets	59.0M	67.9M	128.4M	447.4M	514.6M	540.3M
Retained Earnings Total Equity	(486.2M)	(508.0M)	(545.1M)	(627.8M)	(565.0M)	(593.3M)
Capital Surpluse	545.1M	575.8M	673.5M	1.1B	1.2B	676.3M
Short Long Term Debt	3.8M	4.2M	3.1M	1.6M	1.9M	2.0M
Non Current Liabilities Other	14.1M	13.6M	18.0M	13.5M	15.5M	10.4M
Net Invested Capital	62.1M	71.5M	128.4M	107.7M	603.0M	633.2M

Pair Trading with Aspen Aerogels

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 Aspen Aerogels 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 Aspen Aerogels will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aspen Stock

0.64

Trane Technologies plc

Pair Corr

Moving against Aspen Stock

0.51

JBI

Janus International

Pair Corr

The ability to find closely correlated positions to Aspen Aerogels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspen Aerogels 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 Aspen Aerogels - 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 Aspen Aerogels to buy it.

The correlation of Aspen Aerogels 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 Aspen Aerogels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Aerogels 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 Aspen Aerogels 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 Correlation Correlation Matching

When determining whether Aspen Aerogels offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aspen Aerogels' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aspen Aerogels Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aspen Aerogels Stock:

How To Invest In Aspen

Details

Is Aspen Stock a good investment?

Details

What is Aspen Aerogels' Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Aerogels. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Aerogels guide.

You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Aspen Stock analysis

When running Aspen Aerogels' price analysis, check to measure Aspen Aerogels' 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 Aspen Aerogels is operating at the current time. Most of Aspen Aerogels' value examination focuses on studying past and present price action to predict the probability of Aspen Aerogels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aspen Aerogels' price. Additionally, you may evaluate how the addition of Aspen Aerogels to your portfolios can decrease your overall portfolio volatility.

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Is Aspen Aerogels' 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 Aspen Aerogels. If investors know Aspen 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 Aspen Aerogels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.44)

Revenue Per Share

4.046

Quarterly Revenue Growth

1.073

Return On Assets

(0.02)

Return On Equity

(0.07)

The market value of Aspen Aerogels is measured differently than its book value, which is the value of Aspen that is recorded on the company's balance sheet. Investors also form their own opinion of Aspen Aerogels' value that differs from its market value or its book value, called intrinsic value, which is Aspen Aerogels' 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 Aspen Aerogels' market value can be influenced by many factors that don't directly affect Aspen Aerogels' 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 Aspen Aerogels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Aerogels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Aerogels' 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.

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Aspen Total Assets vs Non Currrent Assets Other Analysis

Total Assets vs Non Currrent Assets Other

Total Assets vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Total Assets

Non Currrent Assets Other

Aspen Aerogels fundamental ratios Correlations

Aspen Aerogels Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aspen Aerogels fundamental ratios Accounts

Pair Trading with Aspen Aerogels

Moving together with Aspen Stock

Moving against Aspen Stock

Complementary Tools for Aspen Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 0.99	Total Assets
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Property Plant And Equipment Gross	+ 0.99	Other Current Assets

Net Receivables	- 0.87	Retained Earnings
Retained Earnings	- 0.87	Total Stockholder Equity
Other Stockholder Equity	- 0.85	Retained Earnings
Inventory	- 0.85	Retained Earnings
Common Stock Shares Outstanding	- 0.84	Retained Earnings
Accounts Payable	- 0.83	Retained Earnings