Aspen Cash Flow Overview
| AZPN Stock | USD 196.59 0.89 0.45% |
Aspen |
Most accounts from Aspen Technology's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Aspen Technology current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Aspen Technology Valuation and Aspen Technology Correlation analysis. To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.At this time, Aspen Technology's Exchange Rate Changes is very stable compared to the past year. As of the 19th of April 2024, Cash And Cash Equivalents Changes is likely to grow to about 111.2 M, though Change In Cash is likely to grow to (227.8 M).
Aspen Technology cash flow statement Correlations
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Aspen Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aspen Technology cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 215.9M | 92.1M | 424.0M | (208.5M) | (239.8M) | (227.8M) | |
| Free Cash Flow | 241.8M | 273.8M | 224.2M | 292.3M | 336.1M | 352.9M | |
| Depreciation | 9.6M | 10.3M | 158.0M | 491.4M | 565.1M | 593.4M | |
| Other Non Cash Items | 13.6M | 23.0M | 2.4M | 51.7M | 46.6M | 48.9M | |
| Capital Expenditures | 1.4M | 2.4M | 6.2M | 6.9M | 6.2M | 5.8M | |
| Net Income | 225.7M | 319.8M | 41.9M | (107.8M) | (123.9M) | (117.7M) | |
| End Period Cash Flow | 287.8M | 379.9M | 449.7M | 241.2M | 277.4M | 145.6M | |
| Change To Inventory | (61.7M) | (12.1M) | (136.8M) | (27.7M) | (24.9M) | (26.2M) | |
| Change Receivables | 4.3M | (6.6M) | (12.9M) | (2.1M) | (1.9M) | (1.8M) | |
| Net Borrowings | 50M | 207.6M | (135.2M) | (8.0M) | (7.2M) | (6.8M) | |
| Change To Netincome | 557K | 64.6M | 59.9M | (75.5M) | (68.0M) | (64.6M) | |
| Investments | (324K) | (1.1M) | (32K) | (107.3M) | (96.6M) | (91.8M) |
Pair Trading with Aspen Technology
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 Aspen Technology 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 Aspen Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Aspen Stock
| 0.62 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
Moving against Aspen Stock
| 0.73 | VCSA | Vacasa Inc Financial Report 14th of May 2024 | PairCorr |
| 0.66 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.64 | QH | QuhuoLtd | PairCorr |
| 0.6 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
| 0.57 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Aspen Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspen Technology 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 Aspen Technology - 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 Aspen Technology to buy it.
The correlation of Aspen Technology 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 Aspen Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Technology 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 Aspen Technology 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 Aspen Technology Valuation and Aspen Technology Correlation analysis. To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Aspen Stock analysis
When running Aspen Technology's price analysis, check to measure Aspen Technology'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 Aspen Technology is operating at the current time. Most of Aspen Technology's value examination focuses on studying past and present price action to predict the probability of Aspen Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aspen Technology's price. Additionally, you may evaluate how the addition of Aspen Technology to your portfolios can decrease your overall portfolio volatility.
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Is Aspen Technology'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 Aspen Technology. If investors know Aspen 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 Aspen Technology 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 (0.63) | Earnings Share (1.34) | Revenue Per Share 16.424 | Quarterly Revenue Growth 0.059 | Return On Assets (0.01) |
The market value of Aspen Technology is measured differently than its book value, which is the value of Aspen that is recorded on the company's balance sheet. Investors also form their own opinion of Aspen Technology's value that differs from its market value or its book value, called intrinsic value, which is Aspen Technology'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 Aspen Technology's market value can be influenced by many factors that don't directly affect Aspen Technology'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 Aspen Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Technology'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.