Academy Historical Financial Ratios
| ASO Stock | USD 52.58 2.17 4.30% |
Academy Sports is presently reporting on over 98 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.13, Days Sales Outstanding of 1.06 or Book Value Per Share of 10.93 will help investors to properly organize and evaluate Academy Sports Outdoors financial condition quickly.
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About Academy Financial Ratios Analysis
Academy Sports OutdoorsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Academy Sports investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Academy financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Academy Sports history.
Academy Sports Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Academy Sports Outdoors stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Academy Sports sales, a figure that is much harder to manipulate than other Academy Sports Outdoors multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Academy Sports Outdoors dividend as a percentage of Academy Sports stock price. Academy Sports Outdoors dividend yield is a measure of Academy Sports stock productivity, which can be interpreted as interest rate earned on an Academy Sports investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most ratios from Academy Sports' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Academy Sports Outdoors current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Academy Sports Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
| 2010 | 2024 (projected) | null | 0.005599 | 0.13 | null | 0.79 | 0.24 |
Academy Sports fundamentals Correlations
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Academy Sports Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Academy Sports
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 Academy Sports 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 Academy Sports will appreciate offsetting losses from the drop in the long position's value.Moving together with Academy Stock
| 0.67 | YJ | Yunji Inc Earnings Call Tomorrow | PairCorr |
Moving against Academy Stock
| 0.76 | GME | GameStop Corp | PairCorr |
| 0.71 | VSCO | Victorias Secret | PairCorr |
| 0.68 | ABG | Asbury Automotive | PairCorr |
| 0.68 | JFBR | Jeffs Brands | PairCorr |
| 0.61 | GLBE | Global E Online | PairCorr |
The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports 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 Academy Sports - 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 Academy Sports Outdoors to buy it.
The correlation of Academy Sports 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 Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports Outdoors 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 Academy Sports 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Academy Sports Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Other Specialty Retail 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 Academy Sports. If investors know Academy 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 Academy Sports 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 (0.03) | Earnings Share 6.05 | Revenue Per Share 82.956 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0829 |
The market value of Academy Sports Outdoors is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Academy Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.