Credicorp Accounts Payable vs Net Receivables Analysis
| BAP Stock | USD 168.64 3.92 2.38% |
Credicorp financial indicator trend analysis is way more than just evaluating Credicorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Credicorp is a good investment. Please check the relationship between Credicorp Accounts Payable and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credicorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Credicorp Stock, please use our How to Invest in Credicorp guide.
Accounts Payable vs Net Receivables
Accounts Payable vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Credicorp Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Credicorp's Accounts Payable and Net Receivables is 0.79. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Credicorp, assuming nothing else is changed. The correlation between historical values of Credicorp's Accounts Payable 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 Accounts Payable of Credicorp 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 Accounts Payable i.e., Credicorp's Accounts Payable and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.79 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Credicorp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Credicorp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Net Receivables
Most indicators from Credicorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Credicorp 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 Credicorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Credicorp Stock, please use our How to Invest in Credicorp guide.At this time, Credicorp's Selling General Administrative is relatively stable compared to the past year. As of 05/04/2024, Enterprise Value is likely to grow to about 39.1 B, while Tax Provision is likely to drop slightly above 1.5 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.5B | 3.5B | 5.9B | 6.2B | Depreciation And Amortization | 690.2M | 690.6M | 667.1M | 359.0M |
Credicorp fundamental ratios Correlations
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Credicorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Credicorp fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 187.9B | 237.4B | 244.8B | 236.8B | 238.8B | 250.8B | |
| Short Long Term Debt Total | 24.5B | 22.9B | 24.8B | 26.0B | 26.8B | 14.6B | |
| Other Current Liab | (2.4B) | (2.3B) | (3.5B) | (2.8B) | (1.5B) | (1.4B) | |
| Total Current Liabilities | 2.4B | 2.3B | 3.5B | 1.5B | 2.5B | 2.4B | |
| Total Stockholder Equity | 26.2B | 24.9B | 26.5B | 29.0B | 32.5B | 34.1B | |
| Property Plant And Equipment Net | 2.4B | 2.2B | 2.0B | 1.9B | 2.0B | 1.5B | |
| Net Debt | (1.5B) | (13.8B) | (14.5B) | (8.1B) | (7.1B) | (6.7B) | |
| Retained Earnings | 4.4B | 347.2M | 3.6B | 4.6B | 4.6B | 4.8B | |
| Non Currrent Assets Other | (39.7B) | (57.7B) | (51.1B) | 3.4B | 226.9B | 238.3B | |
| Other Assets | 84.5B | 89.2B | 106.7B | 118.1B | 135.8B | 142.6B | |
| Common Stock Shares Outstanding | 79.7M | 79.6M | 79.7M | 79.7M | 79.7M | 64.3M | |
| Liabilities And Stockholders Equity | 187.9B | 237.4B | 244.8B | 236.8B | 238.8B | 250.8B | |
| Non Current Liabilities Total | 24.6B | 23.0B | 24.9B | 1.5B | 203.2B | 213.4B | |
| Other Stockholder Equity | 19.5B | 21.4B | 21.4B | 23.7B | 20.2M | 19.2M | |
| Total Liab | 161.1B | 212.0B | 217.8B | 207.2B | 205.7B | 216.0B | |
| Property Plant And Equipment Gross | 2.4B | 2.1B | 4.5B | 1.8B | 4.8B | 5.0B | |
| Accumulated Other Comprehensive Income | 1.1B | 1.9B | 235.9M | (650.1M) | 26.5B | 27.9B | |
| Accounts Payable | 2.4B | 2.3B | 3.5B | 3.8B | 4.0B | 2.3B | |
| Cash | 26.0B | 36.7B | 39.3B | 34.1B | 33.9B | 19.7B | |
| Non Current Assets Total | 39.7B | 57.7B | 51.1B | 51.7B | 232.0B | 243.6B | |
| Cash And Short Term Investments | 52.2B | 79.5B | 73.7B | 65.0B | 6.9B | 6.5B | |
| Net Receivables | 11.5B | 11.0B | 13.3B | 12.0B | 12.5B | 13.1B | |
| Other Current Assets | 96.6B | 95.6B | 113.4B | 29.8B | 34.3B | 56.8B | |
| Total Current Assets | 63.7B | 90.5B | 87.0B | 67.0B | 6.9B | 6.5B | |
| Other Liab | 11.4B | 13.3B | 20.3B | 13.7B | 15.8B | 16.6B | |
| Long Term Debt | 23.6B | 22.3B | 24.2B | 25.9B | 26.2B | 27.6B | |
| Good Will | 886.0M | 820.9M | 796.9M | 772.2M | 798.5M | 489.0M | |
| Short Term Investments | 26.2B | 42.7B | 34.4B | 29.7B | 32.8B | 34.4B | |
| Treasury Stock | (208.0M) | (207.8M) | (208.4M) | (207.5M) | (186.8M) | (177.4M) | |
| Intangible Assets | 1.7B | 1.8B | 1.9B | 2.1B | 2.4B | 2.5B | |
| Property Plant Equipment | 2.3B | 2.1B | 1.9B | 2.4B | 2.7B | 2.9B | |
| Inventory | 143.3M | 135.1M | 136.1M | 136.1M | 156.5M | 94.0M | |
| Net Tangible Assets | 23.7B | 22.3B | 23.8B | 26.1B | 30.0B | 21.0B | |
| Deferred Long Term Liab | 1.2B | 1.1B | 1.0B | 1.0B | 1.2B | 772.8M | |
| Long Term Investments | 31.6B | 56.6B | 50.6B | 46.9B | 47.2B | 36.9B | |
| Long Term Debt Total | 23.6B | 22.8B | 24.2B | 25.9B | 29.7B | 26.3B |
Credicorp Investors Sentiment
The influence of Credicorp'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 Credicorp. 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 Credicorp's public news can be used to forecast risks associated with an investment in Credicorp. The trend in average sentiment can be used to explain how an investor holding Credicorp can time the market purely based on public headlines and social activities around Credicorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Credicorp'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 Credicorp'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 Credicorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Credicorp.
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 Credicorp 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, Credicorp's short interest history, or implied volatility extrapolated from Credicorp options trading.
Pair Trading with Credicorp
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 Credicorp 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 Credicorp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Credicorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Credicorp 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 Credicorp - 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 Credicorp to buy it.
The correlation of Credicorp 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 Credicorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Credicorp 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 Credicorp 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 Credicorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Credicorp Stock, please use our How to Invest in Credicorp guide.Note that the Credicorp information on this page should be used as a complementary analysis to other Credicorp'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 the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Credicorp Stock analysis
When running Credicorp's price analysis, check to measure Credicorp'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 Credicorp is operating at the current time. Most of Credicorp's value examination focuses on studying past and present price action to predict the probability of Credicorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credicorp's price. Additionally, you may evaluate how the addition of Credicorp to your portfolios can decrease your overall portfolio volatility.
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Is Credicorp'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 Credicorp. If investors know Credicorp 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 Credicorp 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 (0.16) | Earnings Share 15.99 | Revenue Per Share 203.611 | Quarterly Revenue Growth 0.019 | Return On Assets 0.0209 |
The market value of Credicorp is measured differently than its book value, which is the value of Credicorp that is recorded on the company's balance sheet. Investors also form their own opinion of Credicorp's value that differs from its market value or its book value, called intrinsic value, which is Credicorp'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 Credicorp's market value can be influenced by many factors that don't directly affect Credicorp'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 Credicorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credicorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credicorp'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.