EBay Intangible Assets vs Other Current Assets Analysis
EBAY Stock | USD 52.02 0.68 1.32% |
EBay financial indicator trend analysis is much more than just examining eBay Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether eBay Inc is a good investment. Please check the relationship between EBay Intangible Assets and its Other Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eBay Inc. 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.
Intangible Assets vs Other Current Assets
Intangible Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of eBay Inc Intangible Assets account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between EBay's Intangible Assets and Other Current Assets is -0.06. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of eBay Inc, assuming nothing else is changed. The correlation between historical values of EBay's Intangible Assets 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 Intangible Assets of eBay Inc 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 Intangible Assets i.e., EBay's Intangible Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.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 EBay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into eBay Inc 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eBay Inc. 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. At this time, EBay's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 978.6 M in 2024, whereas Discontinued Operations is likely to drop slightly above 5.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 7.8B | 7.1B | 7.2B | 6.1B | Total Revenue | 10.4B | 9.8B | 10.1B | 8.2B |
EBay fundamental ratios Correlations
Click cells to compare fundamentals
EBay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EBay fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 17.7B | 19.3B | 26.6B | 20.9B | 21.6B | 19.0B | |
Short Long Term Debt Total | 8.2B | 8.1B | 9.3B | 9.3B | 8.2B | 4.8B | |
Other Current Liab | 2.4B | 3.5B | 2.9B | 2.8B | 2.3B | 3.3B | |
Total Current Liabilities | 3.8B | 4.0B | 4.6B | 4.3B | 4.5B | 4.3B | |
Total Stockholder Equity | 2.7B | 3.6B | 9.8B | 5.2B | 6.4B | 9.5B | |
Property Plant And Equipment Net | 2.1B | 1.9B | 1.5B | 1.8B | 1.7B | 1.4B | |
Net Debt | 7.3B | 6.7B | 7.9B | 7.1B | 6.2B | 6.5B | |
Retained Earnings | 17.6B | 23.0B | 36.1B | 34.3B | 36.5B | 38.4B | |
Accounts Payable | 251M | 332M | 262M | 261M | 1.3B | 1.4B | |
Cash | 923M | 1.4B | 1.4B | 2.2B | 2.0B | 2.6B | |
Non Current Assets Total | 13.2B | 12.1B | 17.5B | 11.6B | 10.6B | 10.6B | |
Non Currrent Assets Other | 414M | 1.2B | 583M | 581M | 370M | 484.1M | |
Cash And Short Term Investments | 2.8B | 3.8B | 7.3B | 7.5B | 9.0B | 4.9B | |
Net Receivables | 691M | 412M | 779M | 763M | 1.2B | 1.1B | |
Common Stock Shares Outstanding | 856M | 718M | 652M | 558M | 533M | 506.4M | |
Liabilities And Stockholders Equity | 17.7B | 19.3B | 26.6B | 20.9B | 21.6B | 19.0B | |
Non Current Liabilities Total | 11.2B | 11.7B | 12.2B | 11.4B | 10.7B | 11.2B | |
Other Current Assets | 1.1B | 1.8B | 1.0B | 1.1B | 795M | 806.0M | |
Other Stockholder Equity | (15.3B) | (20.0B) | (26.7B) | (29.4B) | (30.3B) | (28.8B) | |
Total Liab | 15.0B | 15.7B | 16.8B | 15.7B | 15.2B | 9.5B | |
Property Plant And Equipment Gross | 2.1B | 1.9B | 1.5B | 1.8B | 6.9B | 7.3B | |
Total Current Assets | 4.6B | 7.2B | 9.1B | 9.3B | 11.0B | 8.4B | |
Accumulated Other Comprehensive Income | 387M | 616M | 398M | 259M | 185M | 175.8M | |
Short Term Debt | 1.0B | 18M | 1.4B | 1.2B | 868M | 605.2M | |
Intangible Assets | 62M | 12M | 8M | 115M | 114M | 108.3M | |
Short Term Investments | 1.9B | 2.4B | 5.9B | 5.3B | 7.0B | 7.4B | |
Other Liab | 4.0B | 3.6B | 4.3B | 3.3B | 3.8B | 4.0B | |
Other Assets | 5.6B | 6.1B | 3.8B | 3.6B | 4.2B | 4.4B | |
Long Term Debt | 6.7B | 7.7B | 7.7B | 7.7B | 7.0B | 4.7B | |
Good Will | 4.9B | 4.7B | 4.2B | 4.3B | 4.3B | 5.8B | |
Property Plant Equipment | 2.0B | 1.4B | 1.5B | 1.2B | 1.4B | 1.5B | |
Treasury Stock | (31.4B) | (36.5B) | (43.4B) | (46.7B) | (42.0B) | (39.9B) | |
Net Tangible Assets | (1.7B) | 3.5B | 5.6B | 891M | 801.9M | 761.8M | |
Long Term Debt Total | 6.7B | 7.7B | 7.7B | 7.7B | 8.9B | 7.1B |
Pair Trading with EBay
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 EBay 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 EBay will appreciate offsetting losses from the drop in the long position's value.Moving together with EBay Stock
0.79 | W | Wayfair Earnings Call This Week | PairCorr |
0.87 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
0.83 | AN | AutoNation Buyout Trend | PairCorr |
Moving against EBay Stock
0.81 | LL | LL Flooring Holdings | PairCorr |
0.8 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
0.79 | BQ | Boqii Holding Limited | PairCorr |
0.66 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
0.45 | DLTH | Duluth Holdings Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to EBay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EBay 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 EBay - 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 eBay Inc to buy it.
The correlation of EBay 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 EBay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eBay Inc 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 EBay 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eBay Inc. 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. Note that the eBay Inc information on this page should be used as a complementary analysis to other EBay'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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When running EBay's price analysis, check to measure EBay'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 EBay is operating at the current time. Most of EBay's value examination focuses on studying past and present price action to predict the probability of EBay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EBay's price. Additionally, you may evaluate how the addition of EBay to your portfolios can decrease your overall portfolio volatility.
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Is EBay'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 EBay. If investors know EBay 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 EBay 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 0.131 | Dividend Share 1 | Earnings Share 5.21 | Revenue Per Share 19.079 | Quarterly Revenue Growth 0.021 |
The market value of eBay Inc is measured differently than its book value, which is the value of EBay that is recorded on the company's balance sheet. Investors also form their own opinion of EBay's value that differs from its market value or its book value, called intrinsic value, which is EBay'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 EBay's market value can be influenced by many factors that don't directly affect EBay'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 EBay's value and its price as these two are different measures arrived at by different means. Investors typically determine if EBay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EBay'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.