Affiliated Cash vs Other Current Assets Analysis

MGRB Stock  USD 19.75  0.64  3.35%   
Affiliated Managers financial indicator trend analysis is way more than just evaluating Affiliated Managers prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Affiliated Managers is a good investment. Please check the relationship between Affiliated Managers Cash and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Affiliated Managers Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Cash vs Other Current Assets

Cash vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Affiliated Managers Cash account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Affiliated Managers' Cash and Other Current Assets is -0.65. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Affiliated Managers Group,, assuming nothing else is changed. The correlation between historical values of Affiliated Managers' Cash and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Affiliated Managers Group, are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., Affiliated Managers' Cash and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.65
Relationship DirectionNegative 
Relationship StrengthWeak

Cash

Cash refers to the most liquid asset of Affiliated Managers, which is listed under current asset account on Affiliated Managers Group, balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Affiliated Managers customers. The amounts must be unrestricted with restricted cash listed in a different Affiliated Managers account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Affiliated Managers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Affiliated Managers 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Affiliated Managers Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At present, Affiliated Managers' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 124.2 M, whereas Enterprise Value is forecasted to decline to about 1.8 B.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B1.3B1.2B938.2M
Total Revenue2.4B2.3B2.1B1.5B

Affiliated Managers fundamental ratios Correlations

0.740.080.850.960.760.710.570.770.550.99-0.390.530.90.690.94-0.5-0.350.960.650.140.830.830.090.950.25
0.740.10.630.690.380.960.890.950.730.720.090.820.610.310.81-0.81-0.60.810.830.010.570.570.550.70.52
0.080.10.00.01-0.05-0.130.130.040.630.050.130.190.21-0.130.19-0.32-0.160.160.220.0-0.070.120.260.1-0.43
0.850.630.00.80.790.620.370.70.420.87-0.620.330.860.720.72-0.32-0.290.810.470.120.670.71-0.080.880.07
0.960.690.010.80.770.70.570.750.420.97-0.40.410.840.660.83-0.51-0.220.860.530.150.70.750.010.880.22
0.760.38-0.050.790.770.380.160.540.270.79-0.680.130.860.920.53-0.020.190.610.320.230.610.79-0.430.85-0.11
0.710.96-0.130.620.70.380.850.930.520.710.030.690.530.290.74-0.75-0.550.750.70.020.540.480.470.640.58
0.570.890.130.370.570.160.850.830.680.550.40.860.390.150.67-0.9-0.650.640.840.030.420.490.70.510.68
0.770.950.040.70.750.540.930.830.650.760.00.710.710.450.74-0.7-0.410.770.770.090.570.620.380.740.44
0.550.730.630.420.420.270.520.680.650.490.220.830.580.270.69-0.65-0.490.670.87-0.020.430.610.530.60.19
0.990.720.050.870.970.790.710.550.760.49-0.440.470.90.710.9-0.47-0.30.940.60.160.810.820.030.950.21
-0.390.090.13-0.62-0.4-0.680.030.40.00.22-0.440.42-0.46-0.59-0.16-0.37-0.34-0.260.270.0-0.3-0.290.72-0.430.44
0.530.820.190.330.410.130.690.860.710.830.470.420.40.220.71-0.71-0.620.660.97-0.130.540.590.650.530.7
0.90.610.210.860.840.860.530.390.710.580.9-0.460.40.780.78-0.31-0.180.840.580.270.710.84-0.050.95-0.04
0.690.31-0.130.720.660.920.290.150.450.270.71-0.590.220.780.490.060.190.560.410.160.690.88-0.440.820.04
0.940.810.190.720.830.530.740.670.740.690.9-0.160.710.780.49-0.61-0.560.990.780.070.830.760.340.870.37
-0.5-0.81-0.32-0.32-0.51-0.02-0.75-0.9-0.7-0.65-0.47-0.37-0.71-0.310.06-0.610.73-0.58-0.67-0.04-0.19-0.3-0.78-0.39-0.46
-0.35-0.6-0.16-0.29-0.220.19-0.55-0.65-0.41-0.49-0.3-0.34-0.62-0.180.19-0.560.73-0.53-0.55-0.2-0.23-0.17-0.86-0.29-0.46
0.960.810.160.810.860.610.750.640.770.670.94-0.260.660.840.560.99-0.58-0.530.750.080.840.790.270.910.32
0.650.830.220.470.530.320.70.840.770.870.60.270.970.580.410.78-0.67-0.550.75-0.050.640.740.540.680.61
0.140.010.00.120.150.230.020.030.09-0.020.160.0-0.130.270.160.07-0.04-0.20.08-0.05-0.040.180.20.23-0.22
0.830.57-0.070.670.70.610.540.420.570.430.81-0.30.540.710.690.83-0.19-0.230.840.64-0.040.81-0.030.820.39
0.830.570.120.710.750.790.480.490.620.610.82-0.290.590.840.880.76-0.3-0.170.790.740.180.81-0.030.930.25
0.090.550.26-0.080.01-0.430.470.70.380.530.030.720.65-0.05-0.440.34-0.78-0.860.270.540.2-0.03-0.030.020.46
0.950.70.10.880.880.850.640.510.740.60.95-0.430.530.950.820.87-0.39-0.290.910.680.230.820.930.020.19
0.250.52-0.430.070.22-0.110.580.680.440.190.210.440.7-0.040.040.37-0.46-0.460.320.61-0.220.390.250.460.19
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Affiliated Managers Account Relationship Matchups

Affiliated Managers fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.7B7.9B8.9B8.9B9.1B5.1B
Short Long Term Debt Total1.8B2.4B2.5B2.6B2.5B2.7B
Other Current Liab184.9M671.9M750.2M(503.2M)348.4M183.8M
Total Current Liabilities634.6M712.4M789.1M778.3M410.7M439.9M
Total Stockholder Equity2.9B2.8B2.8B3.2B3.6B1.9B
Net Debt1.3B1.3B1.6B2.1B1.7B1.8B
Retained Earnings3.8B4.0B4.6B5.7B6.4B6.7B
Cash539.6M1.0B908.5M429.2M813.6M854.3M
Non Current Assets Total6.6B6.4B7.5B7.4B7.4B4.3B
Non Currrent Assets Other(146.2M)(192.5M)(272.1M)(200.1M)238M249.9M
Cash And Short Term Investments599M1.1B987M1.1B1.3B1.3B
Net Receivables417.1M421.6M419.2M316M368.4M264.4M
Common Stock Shares Outstanding50.6M46.7M44.8M49M42.2M48.6M
Liabilities And Stockholders Equity7.7B7.9B8.9B8.9B9.1B5.1B
Non Current Liabilities Total2.6B3.2B3.7B3.5B3.7B2.0B
Other Current Assets(1.0B)(1.5B)(1.4B)(1.5B)(1.6B)(1.6B)
Other Stockholder Equity(4.6B)(5.1B)(6.3B)(8.0B)(2.6B)(2.5B)
Total Liab3.2B3.9B4.5B4.2B4.1B2.4B
Total Current Assets1.0B1.5B1.4B1.5B1.6B1.7B
Accumulated Other Comprehensive Income(108.8M)(98.3M)(87.9M)(203.4M)(167.6M)(159.2M)
Short Term Debt449.7M40.5M38.9M38.5M39.1M37.1M
Intangible Assets1.2B1.0B2.0B1.9B1.8B1.1B
Current Deferred Revenue(576.4M)450M423M464.7M534.4M561.1M
Good Will2.7B2.7B2.7B2.6B2.5B2.2B
Short Term Investments59.4M74.9M78.5M716.9M461M484.1M
Other Assets(230.7M)446M1.4B265.2M5.9M6.2M
Long Term Debt1.8B2.3B2.5B2.5B2.9B2.3B
Capital Surpluse707.2M728.9M651.6M695.5M626.0M628.7M
Treasury Stock(1.5B)(1.9B)(2.3B)(3.0B)(2.7B)(2.5B)
Property Plant Equipment92.3M79.6M73.9M68.5M61.7M73.1M

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When determining whether Affiliated Managers is a strong investment it is important to analyze Affiliated Managers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Affiliated Managers' future performance. For an informed investment choice regarding Affiliated Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Affiliated Managers Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Trading 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 Affiliated Managers. If investors know Affiliated 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 Affiliated Managers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity
0.1306
The market value of Affiliated Managers is measured differently than its book value, which is the value of Affiliated that is recorded on the company's balance sheet. Investors also form their own opinion of Affiliated Managers' value that differs from its market value or its book value, called intrinsic value, which is Affiliated Managers' 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 Affiliated Managers' market value can be influenced by many factors that don't directly affect Affiliated Managers' 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 Affiliated Managers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Affiliated Managers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Affiliated Managers' 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.