Grupo Total Revenue vs Short Term Debt Analysis
ASR Stock | USD 276.92 4.33 1.59% |
Grupo Aeroportuario financial indicator trend analysis is much more than just examining Grupo Aeroportuario del latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grupo Aeroportuario del is a good investment. Please check the relationship between Grupo Aeroportuario Total Revenue and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Grupo Aeroportuario del. 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.
Total Revenue vs Short Term Debt
Total Revenue vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grupo Aeroportuario del Total Revenue account and Short Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Grupo Aeroportuario's Total Revenue and Short Term Debt is 0.82. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Grupo Aeroportuario del, assuming nothing else is changed. The correlation between historical values of Grupo Aeroportuario's Total Revenue and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Grupo Aeroportuario del are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Revenue i.e., Grupo Aeroportuario's Total Revenue and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Revenue
Total revenue comprises all receipts Grupo Aeroportuario del generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Short Term Debt
Most indicators from Grupo Aeroportuario's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grupo Aeroportuario del 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 Grupo Aeroportuario del. 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. At this time, Grupo Aeroportuario's Selling General Administrative is relatively stable compared to the past year. As of 12/17/2024, Enterprise Value is likely to grow to about 155.5 B, while Tax Provision is likely to drop slightly above 2.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 12.3B | 18.8B | 15.6B | 16.3B | Total Revenue | 18.8B | 25.3B | 25.8B | 27.1B |
Grupo Aeroportuario fundamental ratios Correlations
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Grupo Aeroportuario Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grupo Aeroportuario fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 57.5B | 60.4B | 65.8B | 70.9B | 70.3B | 73.9B | |
Other Current Liab | (1.2B) | 772.9M | 1.5B | 1.7B | 2.5B | 2.6B | |
Total Current Liabilities | 2.6B | 2.8B | 3.8B | 5.6B | 4.8B | 5.1B | |
Total Stockholder Equity | 31.2B | 33.7B | 37.2B | 41.6B | 44.9B | 47.2B | |
Property Plant And Equipment Net | 520.6M | 504.4M | 184.6M | 171.0M | 184.0M | 174.8M | |
Net Debt | 7.5B | 8.7B | 5.0B | 2.0B | (1.6B) | (1.5B) | |
Retained Earnings | 22.0B | 23.7B | 27.1B | 32.3B | 24.7B | 25.9B | |
Accounts Payable | 245.1M | 751.1M | 690.1M | 538.0M | 306.5M | 158.9M | |
Cash | 6.2B | 5.2B | 8.8B | 13.2B | 13.9B | 14.6B | |
Non Current Assets Total | 49.7B | 52.7B | 54.3B | 52.8B | 51.6B | 28.8B | |
Non Currrent Assets Other | (257.5M) | (260.2M) | (155.5M) | (3.0B) | 2.0B | 1.3B | |
Cash And Short Term Investments | 6.2B | 5.2B | 8.8B | 13.2B | 13.9B | 14.6B | |
Net Receivables | 1.5B | 1.4B | 1.9B | 2.5B | 2.3B | 2.4B | |
Liabilities And Stockholders Equity | 57.5B | 60.4B | 65.8B | 70.9B | 70.3B | 73.9B | |
Non Current Liabilities Total | 16.2B | 16.0B | 16.3B | 16.3B | 13.9B | 7.2B | |
Other Current Assets | 204.1M | 1.1B | 847.9M | 2.3B | 2.5B | 2.6B | |
Other Stockholder Equity | 28.3B | 9.9B | 313.6M | 28.3B | 1.0 | 0.95 | |
Total Liab | 18.7B | 18.7B | 20.1B | 21.9B | 18.8B | 19.7B | |
Property Plant And Equipment Gross | 520.6M | 504.4M | 184.6M | 171.0M | 553.7M | 526.0M | |
Total Current Assets | 7.8B | 7.7B | 11.6B | 18.1B | 18.7B | 19.7B | |
Accumulated Other Comprehensive Income | 1.4B | 2.2B | 2.3B | 1.6B | 12.5B | 13.1B | |
Intangible Assets | 49.1B | 49.6B | 51.4B | 50.2B | 46.9B | 49.3B | |
Short Long Term Debt Total | 13.7B | 13.9B | 13.8B | 15.2B | 12.2B | 12.9B | |
Other Liab | 3.0B | 3.2B | 3.1B | 3.0B | 3.5B | 3.6B | |
Property Plant Equipment | 520.6M | 504.4M | 184.6M | 171.0M | 196.7M | 253.2M | |
Other Assets | 23.4M | 431.8M | 819.0M | 378.1M | 434.8M | 483.9M | |
Inventory | 49.7M | 34.0M | 57.1M | 64.7M | 60.4M | 63.4M | |
Current Deferred Revenue | 303.6M | 266.9M | 3.0B | 789.3M | 907.7M | 942.2M | |
Long Term Debt | 13.2B | 12.8B | 13.2B | 13.3B | 11.0B | 7.6B | |
Short Term Debt | 549.6M | 1.2B | 602.7M | 1.9B | 1.3B | 1.3B | |
Net Tangible Assets | (18.0B) | (18.1B) | (16.1B) | (10.7B) | (9.6B) | (10.1B) | |
Short Long Term Debt | 549.6M | 1.1B | 578.1M | 1.9B | 1.2B | 897.3M | |
Long Term Debt Total | 13.2B | 12.8B | 13.2B | 13.3B | 15.3B | 12.7B | |
Capital Lease Obligations | 20.4M | 17.2M | 24.5M | 23.5M | 22.4M | 13.2M |
Pair Trading with Grupo Aeroportuario
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 Grupo Aeroportuario 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 Grupo Aeroportuario will appreciate offsetting losses from the drop in the long position's value.Moving against Grupo Stock
0.82 | AZ | A2Z Smart Technologies | PairCorr |
0.77 | CW | Curtiss Wright | PairCorr |
0.72 | B | Barnes Group | PairCorr |
0.72 | CR | Crane Company | PairCorr |
0.7 | J | Jacobs Solutions | PairCorr |
The ability to find closely correlated positions to Grupo Aeroportuario could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupo Aeroportuario 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 Grupo Aeroportuario - 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 Grupo Aeroportuario del to buy it.
The correlation of Grupo Aeroportuario 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 Grupo Aeroportuario moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Aeroportuario del 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 Grupo Aeroportuario 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.Additional Tools for Grupo Stock Analysis
When running Grupo Aeroportuario's price analysis, check to measure Grupo Aeroportuario'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 Grupo Aeroportuario is operating at the current time. Most of Grupo Aeroportuario's value examination focuses on studying past and present price action to predict the probability of Grupo Aeroportuario's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupo Aeroportuario's price. Additionally, you may evaluate how the addition of Grupo Aeroportuario to your portfolios can decrease your overall portfolio volatility.