Aspen Total Stockholder Equity vs Long Term Debt Total Analysis
AZPN Stock | USD 198.43 0.43 0.22% |
Aspen Technology financial indicator trend analysis is way more than just evaluating Aspen Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aspen Technology is a good investment. Please check the relationship between Aspen Technology Total Stockholder Equity and its Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Technology. 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 Technology guide.
Total Stockholder Equity vs Long Term Debt Total
Total Stockholder Equity vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aspen Technology Total Stockholder Equity account and Long Term Debt Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Aspen Technology's Total Stockholder Equity and Long Term Debt Total is -0.87. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Aspen Technology, assuming nothing else is changed. The correlation between historical values of Aspen Technology's Total Stockholder Equity and Long Term Debt Total 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 Aspen Technology are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Total Stockholder Equity i.e., Aspen Technology's Total Stockholder Equity and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | -0.87 |
Relationship Direction | Negative |
Relationship Strength | Significant |
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.Long Term Debt Total
Most indicators from Aspen Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aspen Technology 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 Technology. 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 Technology guide.At this time, Aspen Technology's Selling General Administrative is very stable compared to the past year. As of the 29th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.31, though Tax Provision is likely to grow to (62.2 M).
2021 | 2023 | 2024 (projected) | Interest Expense | 3.5M | 3.1M | 3.0M | Depreciation And Amortization | 158.0M | 565.1M | 593.4M |
Aspen Technology fundamental ratios Correlations
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Aspen Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aspen Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.2B | 1.5B | 15.0B | 14.5B | 16.7B | 17.5B | |
Short Long Term Debt Total | 467.4M | 329.6M | 352.8M | 68.4M | 78.6M | 131.3M | |
Other Current Liab | 45.4M | 54.0M | 101.0M | 167.8M | 192.9M | 202.6M | |
Total Current Liabilities | 219.8M | 141.5M | 300.9M | 352.4M | 405.3M | 226.8M | |
Total Stockholder Equity | 493.7M | 800.8M | 13.2B | 13.1B | 15.0B | 15.8B | |
Property Plant And Equipment Net | 40.9M | 38.1M | 95.4M | 86.3M | 99.3M | 104.2M | |
Net Debt | 179.6M | (50.2M) | (97.0M) | (172.8M) | (155.6M) | (147.8M) | |
Retained Earnings | 1.5B | 1.8B | 66.4M | (41.4M) | (47.6M) | (45.2M) | |
Accounts Payable | 4.0M | 4.4M | 21.4M | 20.3M | 23.3M | 24.5M | |
Cash | 287.8M | 379.9M | 449.7M | 241.2M | 277.4M | 145.6M | |
Non Current Assets Total | 582.3M | 685.7M | 13.9B | 13.7B | 15.7B | 16.5B | |
Non Currrent Assets Other | 1.8M | 3.5M | 14.2M | 13.5M | 12.1M | 11.5M | |
Cash And Short Term Investments | 287.8M | 379.9M | 449.7M | 241.2M | 277.4M | 159.4M | |
Net Receivables | 344.9M | 361.1M | 556.8M | 552.7M | 635.6M | 667.4M | |
Common Stock Shares Outstanding | 68.7M | 68.5M | 39.8M | 64.6M | 74.3M | 66.6M | |
Liabilities And Stockholders Equity | 1.2B | 1.5B | 15.0B | 14.5B | 16.7B | 17.5B | |
Non Current Liabilities Total | 519.0M | 511.7M | 1.5B | 1.1B | 1.2B | 1.3B | |
Other Current Assets | 15.3M | 12.7M | 53.3M | 27.7M | 31.9M | 21.8M | |
Other Stockholder Equity | (997.1M) | (996.9M) | 13.1B | 13.1B | 15.1B | 15.8B | |
Total Liab | 738.8M | 653.2M | 1.8B | 1.4B | 1.6B | 1.7B | |
Property Plant And Equipment Gross | 40.9M | 38.1M | 95.4M | 86.3M | 99.3M | 104.2M | |
Total Current Assets | 650.2M | 768.3M | 1.0B | 833.1M | 958.0M | 1.0B | |
Accumulated Other Comprehensive Income | (5.3M) | 9.0M | (4.6M) | 2.4M | 2.8M | 2.9M | |
Short Term Debt | 142.0M | 26.8M | 35.2M | 12.9M | 14.9M | 14.1M | |
Intangible Assets | 43.8M | 45.8M | 5.1B | 4.7B | 5.4B | 5.6B | |
Common Stock Total Equity | 10.3M | 10.4M | 10.4M | 10.5M | 12.0M | 8.5M | |
Common Stock | 10.4M | 10.4M | 10.5M | 6K | 6.9K | 6.6K | |
Other Liab | 189.0M | 197.0M | 208.9M | 1.2B | 1.4B | 1.4B | |
Other Assets | 353.5M | 351.2M | 441.9M | 447.4M | 514.5M | 540.2M | |
Treasury Stock | (1.3B) | (1.6B) | (1.8B) | (1.8B) | (1.6B) | (1.6B) | |
Property Plant Equipment | 7.2M | 6.0M | 38.1M | 95.4M | 109.7M | 115.2M | |
Current Deferred Revenue | 28.5M | 56.4M | 143.3M | 151.5M | 174.2M | 127.1M | |
Inventory | 2.3M | 14.6M | (12.4M) | 11.4M | 10.3M | 10.8M | |
Good Will | 137.1M | 159.9M | 8.3B | 8.3B | 9.6B | 10.1B | |
Net Tangible Assets | 280.0M | 318.6M | 595.1M | (210.2M) | (241.8M) | (229.7M) | |
Retained Earnings Total Equity | 305.2M | 1.3B | 1.5B | 1.8B | 2.0B | 2.1B | |
Capital Surpluse | 715.5M | 739.1M | 769.4M | 819.6M | 942.6M | 742.2M | |
Deferred Long Term Liab | 178.6M | 193.9M | 29.1M | 5.5M | 6.3M | 6.0M |
Aspen Technology Investors Sentiment
The influence of Aspen Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aspen. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Aspen Technology's public news can be used to forecast risks associated with an investment in Aspen. The trend in average sentiment can be used to explain how an investor holding Aspen can time the market purely based on public headlines and social activities around Aspen Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Aspen Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Aspen Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Aspen Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aspen Technology.
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 Aspen Technology 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, Aspen Technology's short interest history, or implied volatility extrapolated from Aspen Technology options trading.
Pair Trading with Aspen Technology
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 Technology 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 Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Aspen Stock
0.63 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
Moving against Aspen Stock
0.7 | VCSA | Vacasa Inc Trending | PairCorr |
0.65 | NOGWQ | Nogin Inc | PairCorr |
0.63 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
0.6 | QH | QuhuoLtd | PairCorr |
0.56 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Aspen Technology 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 Technology 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 Technology - 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 Technology to buy it.
The correlation of Aspen Technology 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 Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Technology 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 Technology 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 Aspen Technology. 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 Technology guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Aspen Stock analysis
When running Aspen Technology's price analysis, check to measure Aspen Technology'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 Aspen Technology is operating at the current time. Most of Aspen Technology's value examination focuses on studying past and present price action to predict the probability of Aspen Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aspen Technology's price. Additionally, you may evaluate how the addition of Aspen Technology to your portfolios can decrease your overall portfolio volatility.
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Is Aspen Technology'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 Aspen Technology. 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 Technology 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 (0.63) | Earnings Share (1.35) | Revenue Per Share 16.424 | Quarterly Revenue Growth 0.059 | Return On Assets (0.01) |
The market value of Aspen Technology 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 Technology's value that differs from its market value or its book value, called intrinsic value, which is Aspen Technology'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 Aspen Technology's market value can be influenced by many factors that don't directly affect Aspen Technology'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 Aspen Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Technology'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.