Progress Other Current Assets vs Intangible Assets Analysis
PRGS Stock | USD 50.58 0.74 1.44% |
Progress Software financial indicator trend analysis is much more than just breaking down Progress Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Progress Software is a good investment. Please check the relationship between Progress Software Other Current Assets and its Intangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progress Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.
Other Current Assets vs Intangible Assets
Other Current Assets vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progress Software Other Current Assets account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Progress Software's Other Current Assets and Intangible Assets is 0.74. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Progress Software, assuming nothing else is changed. The correlation between historical values of Progress Software's Other Current Assets and Intangible 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 Other Current Assets of Progress Software are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Other Current Assets i.e., Progress Software's Other Current Assets and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Progress Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Progress Software 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progress Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.At this time, Progress Software's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 13.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 23.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 15.8M | 30.8M | 35.4M | 37.2M | Depreciation And Amortization | 66.3M | 103.1M | 118.6M | 124.6M |
Progress Software fundamental ratios Correlations
Click cells to compare fundamentals
Progress Software Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Progress Software fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 1.4B | 1.4B | 1.6B | 1.8B | 1.9B | |
Short Long Term Debt Total | 416.5M | 591.4M | 640.6M | 747.1M | 859.2M | 902.1M | |
Other Current Liab | 60.9M | 74.5M | 67.3M | 80.4M | 92.5M | 52.1M | |
Total Current Liabilities | 262.5M | 322.9M | 318.0M | 352.1M | 404.9M | 425.2M | |
Total Stockholder Equity | 346.0M | 412.5M | 394.0M | 459.7M | 528.7M | 339.4M | |
Property Plant And Equipment Net | 60.5M | 39.6M | 32.5M | 33.9M | 39.0M | 41.5M | |
Net Debt | 318.5M | 435.9M | 384.3M | 620.1M | 713.2M | 748.8M | |
Retained Earnings | 39.8M | 57.8M | 61.9M | 120.9M | 139.0M | 164.3M | |
Cash | 98.0M | 155.4M | 256.3M | 127.0M | 146.0M | 127.8M | |
Non Current Assets Total | 802.8M | 1.0B | 985.4M | 1.3B | 1.5B | 1.5B | |
Non Currrent Assets Other | 20.8M | 10.3M | 8.4M | 8.3M | 9.5M | 8.1M | |
Cash And Short Term Investments | 106.0M | 157.4M | 251.8M | 127.0M | 146.0M | 175.5M | |
Net Receivables | 109.0M | 125.6M | 127.0M | 155.8M | 179.2M | 188.1M | |
Common Stock Shares Outstanding | 45.3M | 44.6M | 44.2M | 44.7M | 40.2M | 44.4M | |
Liabilities And Stockholders Equity | 1.0B | 1.4B | 1.4B | 1.6B | 1.8B | 1.9B | |
Non Current Liabilities Total | 433.2M | 628.1M | 695.0M | 791.0M | 909.6M | 955.1M | |
Other Current Assets | 24.0M | 39.5M | 42.8M | 48.0M | 55.2M | 60.2M | |
Other Stockholder Equity | 32.8M | 32.4M | 35.2M | 370.6M | 426.2M | 447.5M | |
Total Liab | 695.8M | 951.0M | 1.0B | 1.1B | 1.3B | 1.4B | |
Property Plant And Equipment Gross | 29.8M | 39.6M | 32.5M | 79.1M | 91.0M | 95.5M | |
Total Current Assets | 238.9M | 337.8M | 421.5M | 330.8M | 380.4M | 288.8M | |
Accumulated Other Comprehensive Income | (32.8M) | (32.4M) | (35.2M) | (32.2M) | (28.9M) | (30.4M) | |
Short Term Debt | 25.3M | 33.7M | 13.7M | 23.2M | 26.7M | 13.9M | |
Intangible Assets | 212.7M | 287.2M | 217.4M | 354.3M | 407.4M | 427.8M | |
Accounts Payable | 10.0M | 84.2M | 76.6M | 12.4M | 14.2M | 13.5M | |
Common Stock Total Equity | 450K | 442K | 441K | 433K | 389.7K | 370.2K | |
Short Term Investments | 19.4M | 8.0M | 2.0M | 256.3M | 230.6M | 242.2M | |
Common Stock | 306.2M | 354.7M | 332.1M | 438K | 503.7K | 478.5K | |
Other Assets | 34.6M | 68.6M | 27.8M | 60.1M | 69.1M | 72.6M | |
Property Plant Equipment | 29.8M | 29.8M | 39.6M | 14.9M | 13.4M | 12.8M | |
Current Deferred Revenue | 166.4M | 205.0M | 227.7M | 236.1M | 271.5M | 145.3M | |
Good Will | 491.7M | 671.2M | 671.0M | 832.1M | 956.9M | 1.0B | |
Other Liab | 24.0M | 42M | 70.5M | 68.1M | 78.3M | 82.2M | |
Long Term Debt | 364.3M | 534.5M | 611.8M | 710.9M | 817.5M | 858.4M | |
Net Tangible Assets | (201.9M) | 187.1M | (545.8M) | 251.0M | 225.9M | 237.2M | |
Long Term Debt Total | 284.0M | 364.3M | 534.5M | 611.8M | 703.6M | 738.8M |
Pair Trading with Progress Software
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 Progress Software 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 Progress Software will appreciate offsetting losses from the drop in the long position's value.Moving together with Progress Stock
0.81 | S | SentinelOne Earnings Call This Week | PairCorr |
0.69 | MQ | Marqeta | PairCorr |
Moving against Progress Stock
0.83 | NN | Nextnav Acquisition Corp | PairCorr |
0.58 | GB | Global Blue Group | PairCorr |
0.41 | VERI | Veritone | PairCorr |
0.41 | EGIO | Edgio Inc Report 17th of July 2024 | PairCorr |
The ability to find closely correlated positions to Progress Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progress Software 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 Progress Software - 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 Progress Software to buy it.
The correlation of Progress Software 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 Progress Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progress Software 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 Progress Software 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progress Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.Note that the Progress Software information on this page should be used as a complementary analysis to other Progress Software'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Progress Stock analysis
When running Progress Software's price analysis, check to measure Progress Software'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 Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.
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Is Progress Software'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 Progress Software. If investors know Progress 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 Progress Software 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 (0.04) | Dividend Share 0.7 | Earnings Share 1.55 | Revenue Per Share 16.404 | Quarterly Revenue Growth 0.125 |
The market value of Progress Software is measured differently than its book value, which is the value of Progress that is recorded on the company's balance sheet. Investors also form their own opinion of Progress Software's value that differs from its market value or its book value, called intrinsic value, which is Progress Software'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 Progress Software's market value can be influenced by many factors that don't directly affect Progress Software'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 Progress Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progress Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progress Software'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.