Axa Current Deferred Revenue vs Net Receivables Analysis
| EQH Stock | USD 36.89 0.24 0.65% |
Axa Equitable financial indicator trend analysis is way more than just evaluating Axa Equitable Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axa Equitable Holdings is a good investment. Please check the relationship between Axa Equitable Current Deferred Revenue and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Axa Equitable Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
Current Deferred Revenue vs Net Receivables
Current Deferred Revenue vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Axa Equitable Holdings Current Deferred Revenue account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Axa Equitable's Current Deferred Revenue and Net Receivables is 0.85. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Axa Equitable Holdings, assuming nothing else is changed. The correlation between historical values of Axa Equitable's Current Deferred Revenue 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 Current Deferred Revenue of Axa Equitable Holdings 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 Current Deferred Revenue i.e., Axa Equitable's Current Deferred Revenue and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Net Receivables
Most indicators from Axa Equitable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axa Equitable Holdings 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 Axa Equitable Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. As of now, Axa Equitable's Selling General Administrative is increasing as compared to previous years. The Axa Equitable's current Enterprise Value Over EBITDA is estimated to increase to 4.36, while Tax Provision is forecasted to increase to (718.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.6B | 10.4B | 6.3B | 7.5B | Total Revenue | 11.0B | 12.6B | 10.5B | 9.3B |
Axa Equitable fundamental ratios Correlations
Click cells to compare fundamentals
Axa Equitable Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axa Equitable fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 493.6M | 450.4M | 417.4M | 379.9M | 351.6M | 391.5M | |
| Total Assets | 249.9B | 282.3B | 292.3B | 252.7B | 266.8B | 271.6B | |
| Short Long Term Debt Total | 4.1B | 4.1B | 5.1B | 5.2B | 4.7B | 4.0B | |
| Other Current Liab | (2.1B) | (2.8B) | (2.8B) | (714M) | 2.2B | 2.3B | |
| Total Current Liabilities | 2.1B | 2.8B | 2.8B | 3.0B | 5.1B | 2.8B | |
| Total Stockholder Equity | 13.5B | 15.6B | 11.5B | 1.4B | 2.6B | 2.5B | |
| Other Liab | 215.6B | 251.1B | 272.3B | 232.4B | 267.3B | 237.9B | |
| Net Tangible Assets | 7.7B | 11.0B | 5.2B | (3.4B) | (3.0B) | (2.9B) | |
| Net Debt | (294M) | (2.1B) | (66M) | 950M | (4.5B) | (4.2B) | |
| Retained Earnings | 11.8B | 10.7B | 8.9B | 9.8B | 10.2B | 8.8B | |
| Accounts Payable | 2.1B | 2.8B | 2.7B | 2.2B | 2.7B | 2.5B | |
| Cash | 4.4B | 6.2B | 5.2B | 4.3B | 9.1B | 6.2B | |
| Non Current Assets Total | 79.5B | 93.8B | 88.2B | 74.2B | 243.3B | 255.5B | |
| Non Currrent Assets Other | (79.5B) | (93.8B) | (88.2B) | (1.2B) | 227.7B | 239.0B | |
| Other Assets | 159.4B | 93.5B | 181.6B | 81.1B | 147.3B | 130.0B | |
| Long Term Debt | 6.4B | 4.1B | 5.0B | 4.5B | 5.4B | 4.6B | |
| Cash And Short Term Investments | 4.4B | 88.2B | 5.2B | 4.3B | 75.3B | 79.0B | |
| Net Receivables | 6.6B | 6.8B | 17.3B | 11.6B | 12.2B | 10.2B | |
| Good Will | 4.6B | 4.6B | 4.6B | 5.1B | 4.6B | 3.8B | |
| Short Term Investments | 66.3B | 82.0B | 79.9B | 64.9B | 1.5B | 1.4B | |
| Long Term Debt Total | 6.4B | 4.1B | 3.9B | 3.3B | 3.0B | 4.4B | |
| Liabilities And Stockholders Equity | 249.9B | 282.3B | 292.3B | 252.7B | 266.8B | 271.6B | |
| Non Current Liabilities Total | 4.7B | 4.9B | 5.0B | 3.3B | 256.5B | 269.3B | |
| Capital Surpluse | 1.9B | 2.0B | 1.9B | 2.3B | 2.6B | 1.8B | |
| Other Current Assets | 14.2B | 21.3B | 27.6B | 29.7B | 23.5B | 18.8B | |
| Other Stockholder Equity | 88M | (260M) | (931M) | (998M) | (1.4B) | (1.3B) | |
| Total Liab | 234.4B | 265.0B | 278.7B | 249.1B | 261.6B | 257.4B | |
| Deferred Long Term Liab | 5.9B | 749M | 5.5B | 8.2B | 7.4B | 4.5B | |
| Long Term Investments | 74.7B | 109.1B | 105.1B | 93.1B | 75.2B | 84.7B | |
| Short Long Term Debt | 2.9B | 546M | 92M | 759M | 254M | 241.3M | |
| Total Current Assets | 11.0B | 95.0B | 22.5B | 97.4B | 23.5B | 42.2B | |
| Accumulated Other Comprehensive Income | 840M | 3.9B | 2.0B | (9.0B) | (7.8B) | (7.4B) | |
| Short Term Debt | 4.1B | 4.1B | 92M | 759M | 254M | 241.3M | |
| Intangible Assets | 4.8B | 4.7B | 4.7B | 5.5B | 5.4B | 4.5B | |
| Cash And Equivalents | 4.4B | 6.2B | 5.2B | 4.3B | 3.9B | 4.0B | |
| Net Invested Capital | 16.9B | 18.7B | 15.1B | 5.3B | 6.7B | 11.6B | |
| Warrants | 365M | 143M | 468M | 455M | 523.3M | 356.0M | |
| Noncontrolling Interest In Consolidated Entity | 1.6B | 1.6B | 1.6B | 1.7B | 2.0B | 1.8B | |
| Retained Earnings Total Equity | 11.8B | 10.7B | 8.9B | 9.9B | 8.9B | 8.9B |
Axa Equitable Investors Sentiment
The influence of Axa Equitable'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 Axa. 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 Axa Equitable's public news can be used to forecast risks associated with an investment in Axa. The trend in average sentiment can be used to explain how an investor holding Axa can time the market purely based on public headlines and social activities around Axa Equitable Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Axa Equitable'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 Axa Equitable'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 Axa Equitable's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Axa Equitable.
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 Axa Equitable 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, Axa Equitable's short interest history, or implied volatility extrapolated from Axa Equitable options trading.
Pair Trading with Axa Equitable
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 Axa Equitable 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 Axa Equitable will appreciate offsetting losses from the drop in the long position's value.Moving together with Axa Stock
| 0.85 | FIHL | Fidelis Insurance Report 28th of June 2024 | PairCorr |
| 0.66 | AEG | Aegon NV ADR | PairCorr |
| 0.85 | AIG | American International Sell-off Trend | PairCorr |
Moving against Axa Stock
| 0.75 | GSHD | Goosehead Insurance | PairCorr |
The ability to find closely correlated positions to Axa Equitable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axa Equitable 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 Axa Equitable - 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 Axa Equitable Holdings to buy it.
The correlation of Axa Equitable 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 Axa Equitable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axa Equitable Holdings 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 Axa Equitable 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 Axa Equitable Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Axa Stock analysis
When running Axa Equitable's price analysis, check to measure Axa Equitable'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 Axa Equitable is operating at the current time. Most of Axa Equitable's value examination focuses on studying past and present price action to predict the probability of Axa Equitable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axa Equitable's price. Additionally, you may evaluate how the addition of Axa Equitable to your portfolios can decrease your overall portfolio volatility.
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Is Axa Equitable'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 Axa Equitable. If investors know Axa 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 Axa Equitable 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 0.961 | Dividend Share 0.88 | Earnings Share 3.48 | Revenue Per Share 30.037 | Quarterly Revenue Growth (0.01) |
The market value of Axa Equitable Holdings is measured differently than its book value, which is the value of Axa that is recorded on the company's balance sheet. Investors also form their own opinion of Axa Equitable's value that differs from its market value or its book value, called intrinsic value, which is Axa Equitable'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 Axa Equitable's market value can be influenced by many factors that don't directly affect Axa Equitable'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 Axa Equitable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axa Equitable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axa Equitable'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.