AllianceBernstein Net Tangible Assets vs Common Stock Analysis
AB Stock | USD 36.32 0.72 2.02% |
AllianceBernstein financial indicator trend analysis is way more than just evaluating AllianceBernstein prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AllianceBernstein is a good investment. Please check the relationship between AllianceBernstein Net Tangible Assets and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AllianceBernstein Holding LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Net Tangible Assets vs Common Stock
Net Tangible Assets vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AllianceBernstein Net Tangible Assets account and Common Stock. At this time, the significance of the direction appears to have very week relationship.
The correlation between AllianceBernstein's Net Tangible Assets and Common Stock is 0.27. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of AllianceBernstein Holding LP, assuming nothing else is changed. The correlation between historical values of AllianceBernstein's Net Tangible Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of AllianceBernstein Holding LP are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Tangible Assets i.e., AllianceBernstein's Net Tangible Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Common Stock
Most indicators from AllianceBernstein's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AllianceBernstein 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AllianceBernstein Holding LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. As of December 11, 2024, Selling General Administrative is expected to decline to about 509.3 M. In addition to that, Tax Provision is expected to decline to about 31.1 M
AllianceBernstein fundamental ratios Correlations
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AllianceBernstein Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AllianceBernstein fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 95.9M | 96.9M | 99.6M | 101.8M | 112.9M | 85.7M | |
Total Assets | 1.6B | 1.6B | 1.6B | 2.1B | 2.1B | 1.4B | |
Total Stockholder Equity | 1.6B | 1.6B | 1.6B | 2.1B | 2.1B | 1.3B | |
Net Debt | (679.7M) | (1.0B) | (1.3K) | (40.8M) | (153.0M) | (160.7M) | |
Cash | 679.7M | 1.0B | 1.3K | 40.8M | 153.0M | 145.4M | |
Non Current Assets Total | 1.6B | 1.6B | 1.6B | 990.7M | 168.9M | 160.5M | |
Non Currrent Assets Other | (1.6B) | (1.6B) | (1.6B) | (2.1B) | (2.1B) | (2.2B) | |
Cash And Short Term Investments | 1.8B | 2.8B | 1.3K | 41.7M | 153.0M | 145.4M | |
Liabilities And Stockholders Equity | 1.6B | 1.6B | 1.6B | 2.1B | 2.1B | 1.4B | |
Non Current Liabilities Total | 1.7M | 1.9M | 2.1M | (17.8M) | 1.3M | 1.2M | |
Other Current Assets | 144.4M | 529.3M | 415.1M | (394.77) | (355.29) | (337.53) | |
Other Stockholder Equity | (68.1M) | (54.1M) | (43.3M) | (88.6M) | (72.2M) | (68.6M) | |
Total Liab | 1.7M | 1.9M | 2.1M | 1.6M | 1.3M | 1.2M | |
Total Current Assets | 1.8B | 2.8B | 1.3K | 124.2M | 153.0M | 145.4M | |
Other Current Liab | 412.3M | 192.1M | 675.0 | 17.8M | 20.5M | 19.4M | |
Total Current Liabilities | 412.3M | 192.1M | 872.66 | (17.8M) | (20.5M) | (19.4M) | |
Common Stock Total Equity | 1.6B | 1.6B | 1.6B | 1.7B | 1.9B | 1.4B | |
Common Stock | 1.6B | 1.7B | 1.7B | 2.2B | 2.1B | 1.6B | |
Short Term Investments | 1.1B | 1.8B | 613.03 | 947K | 852.3K | 809.7K | |
Accumulated Other Comprehensive Income | (68.1M) | (54.1M) | (32.7M) | (51.0M) | (72.2M) | (68.6M) | |
Intangible Assets | 55.4M | 44.5M | 41.53 | 303M | 4.1M | 3.9M | |
Good Will | 3.1B | 3.1B | 3.1K | 671.2M | 159.8M | 151.8M | |
Other Liab | 1.7M | 1.9M | 2.1M | 1.6M | 1.9M | 1.3M | |
Net Tangible Assets | 1.6B | 1.6B | 1.6B | 2.1B | 2.4B | 1.8B | |
Long Term Investments | 1.6B | 1.6B | 1.6B | 2.1B | 2.1B | 1.8B | |
Non Current Liabilities Other | 1.7M | 1.9M | 2.1M | 1.6M | 1.9M | 1.0M | |
Capital Stock | 1.6B | 1.7B | 1.7B | 2.2B | 2.1B | 2.0B |
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Is Asset Management & Custody Banks space 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 AllianceBernstein. If investors know AllianceBernstein 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 AllianceBernstein 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 1.231 | Dividend Share 3.27 | Earnings Share 3.48 | Revenue Per Share 1.178 | Quarterly Revenue Growth 1.074 |
The market value of AllianceBernstein is measured differently than its book value, which is the value of AllianceBernstein that is recorded on the company's balance sheet. Investors also form their own opinion of AllianceBernstein's value that differs from its market value or its book value, called intrinsic value, which is AllianceBernstein'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 AllianceBernstein's market value can be influenced by many factors that don't directly affect AllianceBernstein'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 AllianceBernstein's value and its price as these two are different measures arrived at by different means. Investors typically determine if AllianceBernstein is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AllianceBernstein'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.