Telefonaktiebolaget Capital Stock vs Other Current Assets Analysis
ERIC Stock | USD 5.18 0.06 1.15% |
Telefonaktiebolaget financial indicator trend analysis is much more than just breaking down Telefonaktiebolaget prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Telefonaktiebolaget is a good investment. Please check the relationship between Telefonaktiebolaget Capital Stock and its Other Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Telefonaktiebolaget LM Ericsson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Capital Stock vs Other Current Assets
Capital Stock vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Telefonaktiebolaget Capital Stock account and Other Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Telefonaktiebolaget's Capital Stock and Other Current Assets is 0.1. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Telefonaktiebolaget LM Ericsson, assuming nothing else is changed. The correlation between historical values of Telefonaktiebolaget's Capital Stock 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 Capital Stock of Telefonaktiebolaget LM Ericsson 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 Capital Stock i.e., Telefonaktiebolaget's Capital Stock and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.1 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.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 Telefonaktiebolaget's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Telefonaktiebolaget 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 Telefonaktiebolaget LM Ericsson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. At present, Telefonaktiebolaget's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 9.81, whereas Selling General Administrative is forecasted to decline to about 29.5 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 100.7B | 113.3B | 104.4B | 66.2B | Total Revenue | 232.3B | 271.5B | 263.4B | 177.7B |
Telefonaktiebolaget fundamental ratios Correlations
Click cells to compare fundamentals
Telefonaktiebolaget Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Telefonaktiebolaget fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 276.4B | 271.5B | 305.6B | 349.5B | 310.1B | 209.3B | |
Short Long Term Debt Total | 47.6B | 39.5B | 41.1B | 42.2B | 54.3B | 28.6B | |
Other Current Liab | 45.6B | 45.8B | 46.6B | 56.5B | 47.3B | 38.0B | |
Total Current Liabilities | 116.8B | 114.3B | 127.0B | 145.6B | 129.4B | 78.6B | |
Total Stockholder Equity | 82.6B | 86.7B | 108.8B | 134.8B | 98.7B | 85.7B | |
Property Plant And Equipment Net | 22.3B | 21.4B | 21.5B | 22.1B | 18.5B | 14.8B | |
Net Debt | 2.5B | (4.2B) | (12.9B) | 3.9B | 19.1B | 20.1B | |
Retained Earnings | 38.9B | 48.0B | 66.9B | 85.2B | 50.5B | 52.4B | |
Cash | 45.1B | 43.6B | 54.1B | 38.3B | 35.2B | 28.2B | |
Non Current Assets Total | 122.5B | 121.7B | 130.8B | 175.7B | 155.2B | 162.9B | |
Non Currrent Assets Other | 2.3B | 1.2B | 568M | 415M | 4.7B | 3.6B | |
Cash And Short Term Investments | 51.8B | 50.4B | 67.0B | 47.1B | 44.8B | 47.3B | |
Net Receivables | 71.2B | 71.3B | 72.7B | 80.9B | 71.5B | 62.0B | |
Common Stock Shares Outstanding | 3.3B | 3.3B | 3.3B | 3.3B | 3.3B | 2.7B | |
Liabilities And Stockholders Equity | 276.4B | 271.5B | 305.6B | 349.5B | 310.1B | 209.3B | |
Non Current Liabilities Total | 77.7B | 72.0B | 71.6B | 70.6B | 83.3B | 43.8B | |
Inventory | 30.9B | 28.1B | 35.2B | 45.8B | 36.2B | 24.3B | |
Other Current Assets | 1.4B | 1.9B | 2.3B | 2.5B | 2.6B | 4.6B | |
Total Liab | 194.5B | 186.4B | 198.5B | 216.2B | 212.7B | 122.4B | |
Property Plant And Equipment Gross | 22.3B | 21.4B | 21.5B | 22.1B | 66.2B | 69.5B | |
Total Current Assets | 153.9B | 149.8B | 174.8B | 173.8B | 155.0B | 139.7B | |
Accumulated Other Comprehensive Income | 2.3B | (2.7B) | 454M | 8.2B | 6.8B | 7.1B | |
Short Term Debt | 11.7B | 10.1B | 11.8B | 8.5B | 19.9B | 20.9B | |
Accounts Payable | 30.4B | 32.0B | 35.7B | 38.4B | 27.8B | 21.6B | |
Current Deferred Revenue | 29.0B | 26.4B | 32.8B | 42.3B | 34.4B | 23.4B | |
Intangible Assets | 6.5B | 8.7B | 7.4B | 30.0B | 27.3B | 15.8B | |
Other Liab | 41.8B | 42.7B | 42.2B | 36.8B | 42.4B | 44.5B | |
Long Term Debt | 28.3B | 22.2B | 22.2B | 26.9B | 29.2B | 30.7B | |
Good Will | 31.2B | 34.9B | 38.2B | 84.6B | 52.9B | 28.7B | |
Short Term Investments | 6.8B | 6.8B | 12.9B | 8.7B | 9.6B | 9.1B | |
Property Plant Equipment | 22.3B | 21.4B | 21.5B | 22.1B | 25.4B | 26.7B | |
Other Assets | 37.5B | 31.4B | 33.4B | 30.4B | 34.8B | 36.5B | |
Deferred Long Term Liab | 4.0B | 3.9B | 3.5B | 3.7B | 4.3B | 3.9B | |
Long Term Investments | 31.2B | 30.5B | 40.6B | 19.2B | 20.9B | 23.6B | |
Short Long Term Debt | 9.4B | 7.9B | 9.6B | 6.0B | 17.7B | 18.5B | |
Net Tangible Assets | 48.9B | 46.9B | 66.7B | 23.9B | 27.5B | 47.5B |
Telefonaktiebolaget Investors Sentiment
The influence of Telefonaktiebolaget'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 Telefonaktiebolaget. 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 Telefonaktiebolaget's public news can be used to forecast risks associated with an investment in Telefonaktiebolaget. The trend in average sentiment can be used to explain how an investor holding Telefonaktiebolaget can time the market purely based on public headlines and social activities around Telefonaktiebolaget LM Ericsson. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Telefonaktiebolaget'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 Telefonaktiebolaget'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 Telefonaktiebolaget's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Telefonaktiebolaget.
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 Telefonaktiebolaget 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, Telefonaktiebolaget's short interest history, or implied volatility extrapolated from Telefonaktiebolaget options trading.
Pair Trading with Telefonaktiebolaget
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 Telefonaktiebolaget 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 Telefonaktiebolaget will appreciate offsetting losses from the drop in the long position's value.Moving against Telefonaktiebolaget Stock
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The ability to find closely correlated positions to Telefonaktiebolaget could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telefonaktiebolaget 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 Telefonaktiebolaget - 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 Telefonaktiebolaget LM Ericsson to buy it.
The correlation of Telefonaktiebolaget 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 Telefonaktiebolaget moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telefonaktiebolaget 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 Telefonaktiebolaget 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 Telefonaktiebolaget LM Ericsson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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Is Telefonaktiebolaget'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 Telefonaktiebolaget. If investors know Telefonaktiebolaget 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 Telefonaktiebolaget 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 0.707 | Dividend Share 2.7 | Earnings Share (0.70) | Revenue Per Share 76.307 | Quarterly Revenue Growth (0.15) |
The market value of Telefonaktiebolaget is measured differently than its book value, which is the value of Telefonaktiebolaget that is recorded on the company's balance sheet. Investors also form their own opinion of Telefonaktiebolaget's value that differs from its market value or its book value, called intrinsic value, which is Telefonaktiebolaget'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 Telefonaktiebolaget's market value can be influenced by many factors that don't directly affect Telefonaktiebolaget'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 Telefonaktiebolaget's value and its price as these two are different measures arrived at by different means. Investors typically determine if Telefonaktiebolaget is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Telefonaktiebolaget'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.