Affiliated Treasury Stock vs Accounts Payable Analysis

MGRD Stock  USD 16.20  0.09  0.55%   
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 Treasury Stock and its Accounts Payable 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.

Treasury Stock vs Accounts Payable

Treasury Stock vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Affiliated Managers Treasury Stock account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Affiliated Managers' Treasury Stock and Accounts Payable is -0.44. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Accounts Payable 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' Treasury Stock and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of Affiliated Managers Group, are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Treasury Stock i.e., Affiliated Managers' Treasury Stock and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.44
Relationship DirectionNegative 
Relationship StrengthVery Weak

Treasury Stock

Accounts Payable

An accounting item on the balance sheet that represents Affiliated Managers obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Affiliated Managers are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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' Enterprise Value Over EBITDA is projected to drop based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 10.88, whereas Selling General Administrative is forecasted to decline to about 321.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B1.3B1.2B938.2M
Total Revenue2.4B2.3B2.1B1.5B

Affiliated Managers fundamental ratios Correlations

0.740.250.850.960.760.710.570.760.550.99-0.390.530.90.690.94-0.5-0.240.960.650.140.830.830.090.950.25
0.740.320.630.70.40.960.890.940.720.730.10.790.630.310.8-0.81-0.680.80.810.150.540.580.580.710.49
0.250.320.150.15-0.170.160.460.160.630.190.240.50.16-0.160.42-0.63-0.580.390.47-0.070.080.220.580.210.15
0.850.630.150.80.790.620.370.70.420.87-0.620.330.860.720.72-0.32-0.030.810.470.120.670.71-0.080.880.07
0.960.70.150.80.770.70.570.750.420.97-0.40.410.840.660.83-0.51-0.190.860.530.150.70.750.010.880.22
0.760.4-0.170.790.770.380.160.540.270.79-0.680.130.860.920.53-0.020.290.610.320.230.610.79-0.430.85-0.11
0.710.960.160.620.70.380.850.930.520.710.030.690.530.290.74-0.75-0.630.750.70.020.540.480.470.640.58
0.570.890.460.370.570.160.850.830.680.550.40.860.390.150.67-0.9-0.880.640.840.030.420.490.70.510.68
0.760.940.160.70.750.540.930.830.660.76-0.010.720.70.450.74-0.69-0.550.760.780.020.580.610.360.740.45
0.550.720.630.420.420.270.520.680.660.490.220.830.580.270.69-0.65-0.580.670.87-0.020.430.610.530.60.19
0.990.730.190.870.970.790.710.550.760.49-0.440.470.90.710.9-0.47-0.190.940.60.160.810.820.030.950.21
-0.390.10.24-0.62-0.4-0.680.030.4-0.010.22-0.440.42-0.46-0.59-0.16-0.37-0.7-0.260.270.0-0.3-0.290.72-0.430.44
0.530.790.50.330.410.130.690.860.720.830.470.420.40.220.71-0.71-0.810.660.97-0.130.540.590.650.530.7
0.90.630.160.860.840.860.530.390.70.580.9-0.460.40.780.78-0.31-0.040.840.580.270.710.84-0.050.95-0.04
0.690.31-0.160.720.660.920.290.150.450.270.71-0.590.220.780.490.060.270.560.410.160.690.88-0.440.820.04
0.940.80.420.720.830.530.740.670.740.690.9-0.160.710.780.49-0.61-0.460.990.780.070.830.760.340.870.37
-0.5-0.81-0.63-0.32-0.51-0.02-0.75-0.9-0.69-0.65-0.47-0.37-0.71-0.310.06-0.610.84-0.58-0.67-0.04-0.19-0.3-0.78-0.39-0.46
-0.24-0.68-0.58-0.03-0.190.29-0.63-0.88-0.55-0.58-0.19-0.7-0.81-0.040.27-0.460.84-0.4-0.710.03-0.19-0.14-0.91-0.15-0.7
0.960.80.390.810.860.610.750.640.760.670.94-0.260.660.840.560.99-0.58-0.40.750.080.840.790.270.910.32
0.650.810.470.470.530.320.70.840.780.870.60.270.970.580.410.78-0.67-0.710.75-0.050.640.740.540.680.61
0.140.15-0.070.120.150.230.020.030.02-0.020.160.0-0.130.270.160.07-0.040.030.08-0.05-0.040.180.20.23-0.22
0.830.540.080.670.70.610.540.420.580.430.81-0.30.540.710.690.83-0.19-0.190.840.64-0.040.81-0.030.820.39
0.830.580.220.710.750.790.480.490.610.610.82-0.290.590.840.880.76-0.3-0.140.790.740.180.81-0.030.930.25
0.090.580.58-0.080.01-0.430.470.70.360.530.030.720.65-0.05-0.440.34-0.78-0.910.270.540.2-0.03-0.030.020.46
0.950.710.210.880.880.850.640.510.740.60.95-0.430.530.950.820.87-0.39-0.150.910.680.230.820.930.020.19
0.250.490.150.070.22-0.110.580.680.450.190.210.440.7-0.040.040.37-0.46-0.70.320.61-0.220.390.250.460.19
Click cells to compare fundamentals

Affiliated Managers Account Relationship Matchups

Affiliated Managers fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.7B7.9B8.9B8.9B9.1B5.1B
Short Long Term Debt Total2.2B2.4B2.5B2.5B2.5B2.7B
Other Current Liab184.9M671.9M546.3M378.7M348.4M217.7M
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
Accounts Payable746.6M634.6M712.4M778.3M895.0M939.8M
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(774.1M)(1.1B)(1.7B)(2.3B)(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

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.
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.