Tanger Current Deferred Revenue vs Deferred Long Term Liab Analysis

SKT Stock  USD 27.75  0.33  1.20%   
Tanger Factory financial indicator trend analysis is much more than just breaking down Tanger Factory Outlet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tanger Factory Outlet is a good investment. Please check the relationship between Tanger Factory Current Deferred Revenue and its Deferred Long Term Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tanger Factory Outlet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

Current Deferred Revenue vs Deferred Long Term Liab

Current Deferred Revenue vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tanger Factory Outlet Current Deferred Revenue account and Deferred Long Term Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between Tanger Factory's Current Deferred Revenue and Deferred Long Term Liab is 0.09. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Tanger Factory Outlet, assuming nothing else is changed. The correlation between historical values of Tanger Factory's Current Deferred Revenue and Deferred Long Term Liab 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 Tanger Factory Outlet are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Current Deferred Revenue i.e., Tanger Factory's Current Deferred Revenue and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.09
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Tanger Factory's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tanger Factory Outlet 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tanger Factory Outlet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
At this time, Tanger Factory's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.17 in 2024, whereas Enterprise Value Multiple is likely to drop 10.29 in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit285.8M298.7M210.0M204.8M
Total Revenue426.5M442.6M464.4M289.5M

Tanger Factory fundamental ratios Correlations

0.990.83-0.20.98-0.350.740.040.920.970.850.99-0.2-0.550.440.180.990.170.920.510.910.210.80.98-0.040.1
0.990.75-0.240.99-0.380.770.030.890.980.811.0-0.24-0.610.420.20.970.190.890.530.890.290.80.99-0.040.07
0.830.75-0.050.77-0.080.540.050.80.690.750.74-0.05-0.20.5-0.030.85-0.010.830.260.81-0.180.580.750.020.15
-0.2-0.24-0.05-0.220.1-0.4-0.04-0.1-0.22-0.1-0.251.00.26-0.32-0.16-0.17-0.15-0.02-0.35-0.050.06-0.31-0.27-0.03-0.13
0.980.990.77-0.22-0.30.75-0.030.860.960.770.98-0.22-0.560.470.060.980.050.880.430.860.190.750.990.010.04
-0.35-0.38-0.080.1-0.30.05-0.23-0.58-0.45-0.65-0.40.10.150.16-0.6-0.31-0.6-0.44-0.36-0.54-0.47-0.6-0.30.230.02
0.740.770.54-0.40.750.050.120.580.720.450.76-0.4-0.70.440.230.680.210.590.680.580.30.410.780.040.08
0.040.030.05-0.04-0.03-0.230.120.140.070.230.04-0.04-0.16-0.140.45-0.030.360.070.450.150.310.11-0.01-0.03-0.06
0.920.890.8-0.10.86-0.580.580.140.880.970.89-0.1-0.360.320.330.890.330.970.521.00.280.770.84-0.070.08
0.970.980.69-0.220.96-0.450.720.070.880.840.99-0.22-0.650.260.290.950.280.870.550.880.390.820.96-0.090.02
0.850.810.75-0.10.77-0.650.450.230.970.840.83-0.1-0.320.210.430.820.430.920.520.960.30.840.74-0.120.09
0.991.00.74-0.250.98-0.40.760.040.890.990.83-0.25-0.610.410.230.970.220.890.550.890.310.820.98-0.050.08
-0.2-0.24-0.051.0-0.220.1-0.4-0.04-0.1-0.22-0.1-0.250.26-0.32-0.16-0.17-0.15-0.02-0.35-0.050.06-0.31-0.27-0.03-0.13
-0.55-0.61-0.20.26-0.560.15-0.7-0.16-0.36-0.65-0.32-0.610.26-0.04-0.43-0.51-0.41-0.31-0.51-0.34-0.59-0.45-0.620.330.19
0.440.420.5-0.320.470.160.44-0.140.320.260.210.41-0.32-0.04-0.260.45-0.250.360.160.32-0.390.310.490.150.37
0.180.2-0.03-0.160.06-0.60.230.450.330.290.430.23-0.16-0.43-0.260.060.990.160.770.30.70.440.13-0.340.21
0.990.970.85-0.170.98-0.310.68-0.030.890.950.820.97-0.17-0.510.450.060.060.90.380.880.120.780.97-0.030.04
0.170.19-0.01-0.150.05-0.60.210.360.330.280.430.22-0.15-0.41-0.250.990.060.160.740.290.670.450.13-0.360.24
0.920.890.83-0.020.88-0.440.590.070.970.870.920.89-0.02-0.310.360.160.90.160.430.990.210.70.840.020.04
0.510.530.26-0.350.43-0.360.680.450.520.550.520.55-0.35-0.510.160.770.380.740.430.510.630.560.49-0.10.45
0.910.890.81-0.050.86-0.540.580.151.00.880.960.89-0.05-0.340.320.30.880.290.990.510.280.750.83-0.040.06
0.210.29-0.180.060.19-0.470.30.310.280.390.30.310.06-0.59-0.390.70.120.670.210.630.280.310.21-0.310.0
0.80.80.58-0.310.75-0.60.410.110.770.820.840.82-0.31-0.450.310.440.780.450.70.560.750.310.77-0.230.33
0.980.990.75-0.270.99-0.30.78-0.010.840.960.740.98-0.27-0.620.490.130.970.130.840.490.830.210.77-0.030.08
-0.04-0.040.02-0.030.010.230.04-0.03-0.07-0.09-0.12-0.05-0.030.330.15-0.34-0.03-0.360.02-0.1-0.04-0.31-0.23-0.03-0.19
0.10.070.15-0.130.040.020.08-0.060.080.020.090.08-0.130.190.370.210.040.240.040.450.060.00.330.08-0.19
Click cells to compare fundamentals

Tanger Factory Account Relationship Matchups

Tanger Factory fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.2B2.2B2.2B2.3B1.4B
Short Long Term Debt Total1.7B1.7B1.5B1.5B1.5B995.1M
Total Stockholder Equity433.2M341.4M477.9M491.6M566.8M349.7M
Net Debt1.6B1.6B1.3B1.3B1.5B972.3M
Retained Earnings(317.3M)(420.1M)(483.4M)(485.6M)(490.2M)(465.7M)
Non Currrent Assets Other2.0B1.8B1.7B1.8B108.6M103.2M
Other Assets96.7M2.0K1.8B58.6M67.4M64.0M
Common Stock Shares Outstanding92.8M92.6M102.0M105.6M106.5M72.2M
Liabilities And Stockholders Equity2.3B2.2B2.2B2.2B2.3B1.4B
Non Current Liabilities Total1.7B1.7B1.6B1.6B1.6B951.6M
Other Stockholder Equity775.0M787.1M978.1M987.2M1.1B572.8M
Total Liab1.8B1.8B1.7B1.7B1.7B1.0B
Total Current Liabilities79.6M88.3M93.0M104.7M131.5M138.4M
Cash16.7M84.8M161.3M212.1M12.8M25.3M
Non Current Assets Total2.2B2.0B1.9B2.0B2.3B1.5B
Cash And Short Term Investments16.7M84.8M161.3M264.6M22.0M28.1M
Common Stock Total Equity946K939K929K936K1.1M562.8K
Total Current Assets120.3M190.1M265.8M264.6M22.0M20.9M
Accumulated Other Comprehensive Income(25.5M)(26.6M)(17.8M)(11.0M)(23.5M)(24.7M)
Common Stock929K936K1.0M1.0M1.1M627.2K
Short Term Debt1.2B1.2B1.1B1.1B13M12.4M
Accounts Payable79.6M88.3M93.0M104.7M118.5M65.1M
Long Term Debt1.6B1.6B1.4B1.4B1.4B1.1B
Other Current Assets(78.3M)(150.6M)(214.6M)(324.3M)(22.0M)(20.9M)
Other Liab87.1M84.4M78.7M83.0M95.4M59.4M
Intangible Assets11.3M(3.9M)(16.5M)(30.5M)(7.7M)(7.3M)
Property Plant Equipment100M1.8B1.7B1.7B2.0B1.3B
Net Tangible Assets100M(90.1M)404.2M433.1M389.8M237.6M
Net Receivables61.6M65.8M53.3M59.7M48.9M57.3M
Long Term Investments94.7M94.6M82.6M73.8M71.9M93.6M
Long Term Debt Total1.6B1.6B1.4B1.4B1.3B1.3B

Pair Trading with Tanger Factory

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 Tanger Factory 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 Tanger Factory will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Tanger Factory could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tanger Factory 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 Tanger Factory - 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 Tanger Factory Outlet to buy it.
The correlation of Tanger Factory 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 Tanger Factory moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tanger Factory Outlet 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 Tanger Factory 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.
Pair CorrelationCorrelation Matching
When determining whether Tanger Factory Outlet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Tanger Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Tanger Factory Outlet Stock. Highlighted below are key reports to facilitate an investment decision about Tanger Factory Outlet Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tanger Factory Outlet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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Is Tanger Factory'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 Tanger Factory. If investors know Tanger 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 Tanger Factory 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
(0.09)
Dividend Share
1.04
Earnings Share
0.9
Revenue Per Share
4.611
Quarterly Revenue Growth
0.135
The market value of Tanger Factory Outlet is measured differently than its book value, which is the value of Tanger that is recorded on the company's balance sheet. Investors also form their own opinion of Tanger Factory's value that differs from its market value or its book value, called intrinsic value, which is Tanger Factory'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 Tanger Factory's market value can be influenced by many factors that don't directly affect Tanger Factory'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 Tanger Factory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tanger Factory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tanger Factory'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.