Berkshire Enterprise Value vs Total Assets Analysis
BHLB Stock | USD 22.26 0.50 2.30% |
Berkshire Hills financial indicator trend analysis is way more than just evaluating Berkshire Hills Bancorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Berkshire Hills Bancorp is a good investment. Please check the relationship between Berkshire Hills Enterprise Value and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Berkshire Hills Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Enterprise Value vs Total Assets
Enterprise Value vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Berkshire Hills Bancorp Enterprise Value account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Berkshire Hills' Enterprise Value and Total Assets is 0.55. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Total Assets in the same time period over historical financial statements of Berkshire Hills Bancorp, assuming nothing else is changed. The correlation between historical values of Berkshire Hills' Enterprise Value and Total 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 Enterprise Value of Berkshire Hills Bancorp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Enterprise Value i.e., Berkshire Hills' Enterprise Value and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Enterprise Value
Enterprise Value (or EV) is usually referred to as Berkshire Hills theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Berkshire Hills Bancorp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Berkshire Hills value than its market capitalization because it takes into account all of Berkshire Hills Bancorp existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Total Assets
Total assets refers to the total amount of Berkshire Hills 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 Berkshire Hills Bancorp 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.Most indicators from Berkshire Hills' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Berkshire Hills Bancorp 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 Berkshire Hills Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Berkshire Hills' Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 95.83, whereas Selling General Administrative is forecasted to decline to about 94.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 37.9M | 42.7M | 48.3M | 53.2M | Depreciation And Amortization | 16.2M | 14.7M | 13.3M | 13.9M |
Berkshire Hills fundamental ratios Correlations
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Berkshire Hills Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Berkshire Hills fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.2B | 12.8B | 11.6B | 11.7B | 12.4B | 6.4B | |
Short Long Term Debt Total | 827.6M | 571.6M | 110.8M | 125.5M | 568.3M | 586.0M | |
Total Current Liabilities | 136.6M | 43.9M | 775K | 1.6M | 9.6B | 10.0B | |
Total Stockholder Equity | 1.8B | 1.2B | 1.2B | 954.1M | 1.0B | 726.3M | |
Property Plant And Equipment Net | 120.4M | 112.7M | 94.4M | 85.2M | 116.3M | 67.5M | |
Net Debt | 722.1M | 480.4M | 1.5M | (19.8M) | (635.0M) | (603.2M) | |
Retained Earnings | 361.1M | (233.3M) | (139.4M) | (71.4M) | (33.1M) | (31.5M) | |
Cash | 105.4M | 91.2M | 109.4M | 145.3M | 1.2B | 1.3B | |
Non Current Assets Total | 2.9B | 3.8B | 4.2B | 2.8B | 11.1B | 11.7B | |
Non Currrent Assets Other | (51.2M) | (80.7M) | (69.8M) | (2.3M) | 9.7B | 10.2B | |
Cash And Short Term Investments | 1.9B | 3.3B | 3.5B | 2.1B | (148.1M) | (140.7M) | |
Net Receivables | 60.2M | 87.7M | 64.1M | 81.3M | 86.7M | 91.0M | |
Common Stock Shares Outstanding | 49.4M | 50.3M | 49.6M | 45.9M | 43.5M | 25.3M | |
Liabilities And Stockholders Equity | 13.2B | 12.8B | 11.6B | 11.7B | 12.4B | 6.4B | |
Non Current Liabilities Total | 827.6M | 571.6M | 110.8M | 1.6M | 1.9B | 2.0B | |
Other Current Assets | 652.6M | 2.0B | 1.7B | 776.6M | 1.3B | 1.2B | |
Other Stockholder Equity | 1.3B | 1.4B | 142.6M | 1.2B | 1.2B | 1.3B | |
Total Liab | 11.5B | 11.7B | 10.4B | 10.7B | 11.4B | 12.0B | |
Property Plant And Equipment Gross | 196.7M | 172.7M | 235.4M | 298.5M | 213.7M | 224.4M | |
Total Current Assets | 1.9B | 3.3B | 3.6B | 2.2B | 1.3B | 1.2B | |
Accumulated Other Comprehensive Income | 12.0M | 30.9M | (3.2M) | (181.1M) | (153.1M) | (145.5M) | |
Short Term Debt | 125M | 40M | 14.8M | 10.8M | 270.6M | 361.2M | |
Other Liab | 82.7M | 232.7M | 192.7M | 88.6M | 101.9M | 70.5M | |
Accounts Payable | 11.6M | 3.9M | 775K | 1.6M | 12.4M | 11.7M | |
Other Assets | 8.4B | 5.7B | 3.8B | 6.7B | 7.7B | 5.4B | |
Long Term Debt | 702.6M | 571.6M | 110.8M | 125.5M | 246.6M | 256.8M | |
Good Will | 553.8M | 0.0 | (16.0M) | (13.0M) | (15.0M) | (14.3M) | |
Short Term Investments | 1.8B | 3.2B | 3.4B | 2.0B | 1.0B | 944.1M | |
Inventory | (652.6M) | (2.0B) | (1.7B) | (776.6M) | 61.5M | 64.6M | |
Intangible Assets | 45.6M | 34.8M | 45.6M | 37.5M | 31.8M | 22.9M | |
Common Stock | 1.5B | 517K | 528K | 1.2B | 607.2K | 576.8K | |
Property Plant Equipment | 121.5M | 112.8M | 94.4M | 85.2M | 98.0M | 67.7M | |
Treasury Stock | (22.0M) | (69.6M) | (31.3M) | (89.9M) | (80.9M) | (76.8M) | |
Other Current Liab | (136.6M) | (43.9M) | (775K) | (1.6M) | 9.3B | 9.7B | |
Net Tangible Assets | 1.1B | 1.2B | 1.2B | 929.6M | 1.1B | 824.9M | |
Retained Earnings Total Equity | 361.1M | (233.3M) | (139.4M) | (71.4M) | (64.3M) | (61.1M) | |
Capital Surpluse | 1.4B | 1.4B | 1.4B | 1.4B | 1.6B | 1.1B | |
Long Term Investments | 11.2B | 2.2B | 4.1B | 2.6B | 1.6B | 1.5B |
Pair Trading with Berkshire Hills
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 Berkshire Hills 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 Berkshire Hills will appreciate offsetting losses from the drop in the long position's value.Moving together with Berkshire Stock
0.88 | AX | Axos Financial Earnings Call This Week | PairCorr |
0.9 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
Moving against Berkshire Stock
0.62 | TECTP | Tectonic Financial | PairCorr |
0.6 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
0.54 | KB | KB Financial Group Earnings Call Tomorrow | PairCorr |
0.52 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
0.52 | CFG-PD | Citizens Financial | PairCorr |
The ability to find closely correlated positions to Berkshire Hills could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Berkshire Hills 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 Berkshire Hills - 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 Berkshire Hills Bancorp to buy it.
The correlation of Berkshire Hills 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 Berkshire Hills moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Berkshire Hills Bancorp 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 Berkshire Hills 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 Berkshire Hills Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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Is Berkshire Hills' 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 Berkshire Hills. If investors know Berkshire 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 Berkshire Hills 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 0.075 | Dividend Share 0.72 | Earnings Share 0.5 | Revenue Per Share 7.53 | Quarterly Revenue Growth (0.53) |
The market value of Berkshire Hills Bancorp is measured differently than its book value, which is the value of Berkshire that is recorded on the company's balance sheet. Investors also form their own opinion of Berkshire Hills' value that differs from its market value or its book value, called intrinsic value, which is Berkshire Hills' 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 Berkshire Hills' market value can be influenced by many factors that don't directly affect Berkshire Hills' 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 Berkshire Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine if Berkshire Hills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Berkshire Hills' 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.