Aspen Income Before Tax vs Research Development Analysis

ASPN Stock  USD 14.79  0.00  0.00%   
Aspen Aerogels financial indicator trend analysis is way more than just evaluating Aspen Aerogels prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aspen Aerogels is a good investment. Please check the relationship between Aspen Aerogels Income Before Tax and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Aerogels. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Aerogels guide.

Income Before Tax vs Research Development

Income Before Tax vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aspen Aerogels Income Before Tax account and Research Development. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Aspen Aerogels' Income Before Tax and Research Development is -0.23. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Research Development in the same time period over historical financial statements of Aspen Aerogels, assuming nothing else is changed. The correlation between historical values of Aspen Aerogels' Income Before Tax and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Aspen Aerogels are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Income Before Tax i.e., Aspen Aerogels' Income Before Tax and Research Development go up and down completely randomly.

Correlation Coefficient

-0.23
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Aspen Aerogels income statement and is an important metric when analyzing Aspen Aerogels profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Research Development

Most indicators from Aspen Aerogels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aspen Aerogels 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 Aspen Aerogels. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Aerogels guide.At this time, Aspen Aerogels' Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 1.1 B, while Issuance Of Capital Stock is likely to drop about 214.1 M.
 2021 2023 2024 (projected)
Interest Expense229K5.3M6.5M
Depreciation And Amortization9.4M18.2M19.1M

Aspen Aerogels fundamental ratios Correlations

0.640.920.970.970.970.34-0.39-0.810.990.880.980.890.880.960.920.650.940.990.720.790.950.96-0.040.680.71
0.640.720.710.430.670.060.34-0.30.620.490.670.610.490.60.570.980.60.610.180.960.650.560.40.420.44
0.920.720.910.840.930.3-0.18-0.630.90.750.930.90.750.870.860.760.870.90.50.860.920.84-0.080.640.6
0.970.710.910.910.930.47-0.32-0.810.980.870.930.890.870.950.890.70.90.960.710.840.90.950.130.750.67
0.970.430.840.910.930.37-0.56-0.870.960.870.930.830.870.940.890.430.920.960.80.610.90.95-0.170.650.69
0.970.670.930.930.930.21-0.23-0.780.940.751.00.830.750.950.950.670.970.950.640.80.990.87-0.020.650.68
0.340.060.30.470.370.21-0.5-0.580.420.510.210.440.510.390.290.050.280.420.540.180.160.480.020.650.34
-0.390.34-0.18-0.32-0.56-0.23-0.50.49-0.44-0.65-0.23-0.42-0.65-0.31-0.210.3-0.23-0.41-0.620.13-0.17-0.560.47-0.29-0.31
-0.81-0.3-0.63-0.81-0.87-0.78-0.580.49-0.83-0.7-0.78-0.63-0.7-0.87-0.84-0.24-0.85-0.85-0.85-0.44-0.76-0.8-0.03-0.75-0.72
0.990.620.90.980.960.940.42-0.44-0.830.910.940.880.910.950.880.610.910.970.750.770.910.97-0.050.70.66
0.880.490.750.870.870.750.51-0.65-0.70.910.750.881.00.770.660.510.690.870.720.660.680.97-0.110.610.64
0.980.670.930.930.931.00.21-0.23-0.780.940.750.830.750.950.950.670.970.950.640.80.990.88-0.020.650.68
0.890.610.90.890.830.830.44-0.42-0.630.880.880.830.880.770.790.670.780.910.580.790.80.91-0.030.720.68
0.880.490.750.870.870.750.51-0.65-0.70.911.00.750.880.770.660.510.690.870.720.660.680.97-0.110.610.64
0.960.60.870.950.940.950.39-0.31-0.870.950.770.950.770.770.930.570.940.940.750.730.940.890.050.690.64
0.920.570.860.890.890.950.29-0.21-0.840.880.660.950.790.660.930.570.980.930.680.710.960.810.090.710.74
0.650.980.760.70.430.670.050.3-0.240.610.510.670.670.510.570.570.590.620.140.970.660.570.320.440.46
0.940.60.870.90.920.970.28-0.23-0.850.910.690.970.780.690.940.980.590.950.690.730.970.840.020.720.77
0.990.610.90.960.960.950.42-0.41-0.850.970.870.950.910.870.940.930.620.950.750.770.930.96-0.010.750.8
0.720.180.50.710.80.640.54-0.62-0.850.750.720.640.580.720.750.680.140.690.750.330.60.77-0.050.570.57
0.790.960.860.840.610.80.180.13-0.440.770.660.80.790.660.730.710.970.730.770.330.780.730.280.570.56
0.950.650.920.90.90.990.16-0.17-0.760.910.680.990.80.680.940.960.660.970.930.60.780.82-0.010.640.67
0.960.560.840.950.950.870.48-0.56-0.80.970.970.880.910.970.890.810.570.840.960.770.730.82-0.070.680.7
-0.040.4-0.080.13-0.17-0.020.020.47-0.03-0.05-0.11-0.02-0.03-0.110.050.090.320.02-0.01-0.050.28-0.01-0.070.130.03
0.680.420.640.750.650.650.65-0.29-0.750.70.610.650.720.610.690.710.440.720.750.570.570.640.680.130.71
0.710.440.60.670.690.680.34-0.31-0.720.660.640.680.680.640.640.740.460.770.80.570.560.670.70.030.71
Click cells to compare fundamentals

Aspen Aerogels Account Relationship Matchups

Aspen Aerogels fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets103.5M97.4M183.0M646.6M703.0M738.2M
Short Long Term Debt Total8.5M8.3M15.2M126.7M138.8M145.7M
Other Current Liab8.1M2.8M8.6M16.0M20.9M22.0M
Total Current Liabilities30.4M13.9M36.6M79.3M78.1M82.0M
Total Stockholder Equity59.0M67.9M128.4M447.4M488.1M512.5M
Property Plant And Equipment Net57.6M50.2M69.3M274.4M434.4M456.2M
Current Deferred Revenue5.6M2.0M6.0M5.8M2.3M2.4M
Net Debt4.8M(8.2M)(61.3M)(154.7M)(951K)(998.6K)
Retained Earnings(486.2M)(508.0M)(545.1M)(627.8M)(673.6M)(707.3M)
Accounts Payable12.6M5.4M17.4M54.7M51.1M53.6M
Cash3.6M16.5M76.6M281.3M139.7M146.7M
Non Current Assets Total57.7M50.3M70.8M276.9M436.7M458.6M
Cash And Short Term Investments3.6M16.5M76.6M281.3M139.7M146.7M
Net Receivables32.3M15.7M20.4M57.4M70.0M73.5M
Common Stock Shares Outstanding24.1M26.4M30.4M39.4M69.4M72.9M
Liabilities And Stockholders Equity103.5M97.4M183.0M203.2M703.0M738.2M
Non Current Liabilities Total14.1M15.6M18.0M123.9M136.9M143.7M
Inventory8.8M13.1M12.0M22.5M39.2M41.1M
Other Current Assets1.1M3.7M6.0M15.7M17.4M18.3M
Other Stockholder Equity545.1M575.8M673.5M1.1B1.2B605.4M
Total Liab44.5M29.6M54.5M203.2M215.0M225.7M
Property Plant And Equipment Gross57.6M50.2M69.3M274.4M575.7M604.5M
Total Current Assets45.8M47.1M112.2M369.7M266.3M279.6M
Short Term Debt4.2M3.7M4.5M2.4M3.7M3.7M
Common Stock70.3M59.0M67.9M128.4M147.7M155.1M
Other Assets84K3.6M1.5M2.5M2.9M3.0M
Property Plant Equipment57.6M46.7M69.3M259.2M298.1M313.0M
Other Liab5.7M9.8M10.0M5M5.8M4.3M
Net Tangible Assets59.0M67.9M128.4M447.4M514.6M540.3M
Retained Earnings Total Equity(486.2M)(508.0M)(545.1M)(627.8M)(565.0M)(593.3M)
Capital Surpluse545.1M575.8M673.5M1.1B1.2B676.3M
Short Long Term Debt3.8M4.2M3.1M1.6M1.9M2.0M
Non Current Liabilities Other14.1M13.6M18.0M13.5M15.5M10.4M
Net Invested Capital62.1M71.5M128.4M107.7M603.0M633.2M

Pair Trading with Aspen Aerogels

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 Aerogels 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 Aerogels will appreciate offsetting losses from the drop in the long position's value.

Moving against Aspen Stock

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The ability to find closely correlated positions to Aspen Aerogels 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 Aerogels 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 Aerogels - 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 Aerogels to buy it.
The correlation of Aspen Aerogels 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 Aerogels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Aerogels 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 Aerogels 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 Aspen Aerogels offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aspen Aerogels' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aspen Aerogels Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aspen Aerogels Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Aerogels. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Aerogels guide.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Oil & Gas Equipment & Services 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 Aspen Aerogels. 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 Aerogels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.02
Revenue Per Share
5.532
Quarterly Revenue Growth
0.931
Return On Assets
0.0433
Return On Equity
0.0033
The market value of Aspen Aerogels 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 Aerogels' value that differs from its market value or its book value, called intrinsic value, which is Aspen Aerogels' 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 Aerogels' market value can be influenced by many factors that don't directly affect Aspen Aerogels' 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 Aerogels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aspen Aerogels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspen Aerogels' 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.