Advanced Cash and Equivalents vs Accumulated Other Comprehensive Income Analysis

AMD Stock  USD 179.59  1.72  0.97%   
Advanced Micro financial indicator trend analysis is way more than just evaluating Advanced Micro Devices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Micro Devices is a good investment. Please check the relationship between Advanced Micro Cash And Equivalents and its Accumulated Other Comprehensive Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Micro Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Cash And Equivalents vs Accumulated Other Comprehensive Income

Cash and Equivalents vs Accumulated Other Comprehensive Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Micro Devices Cash and Equivalents account and Accumulated Other Comprehensive Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Advanced Micro's Cash and Equivalents and Accumulated Other Comprehensive Income is 0.16. Overlapping area represents the amount of variation of Cash and Equivalents that can explain the historical movement of Accumulated Other Comprehensive Income in the same time period over historical financial statements of Advanced Micro Devices, assuming nothing else is changed. The correlation between historical values of Advanced Micro's Cash and Equivalents and Accumulated Other Comprehensive Income 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 and Equivalents of Advanced Micro Devices are associated (or correlated) with its Accumulated Other Comprehensive Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Other Comprehensive Income has no effect on the direction of Cash and Equivalents i.e., Advanced Micro's Cash and Equivalents and Accumulated Other Comprehensive Income go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash And Equivalents

Accumulated Other Comprehensive Income

Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.
Most indicators from Advanced Micro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advanced Micro Devices 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 Advanced Micro Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
At present, Advanced Micro's Enterprise Value Multiple is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense47M34M106M100.7M
Depreciation And Amortization354M55M3.6B3.7B

Advanced Micro fundamental ratios Correlations

0.160.870.951.00.83-0.660.750.920.810.90.960.940.820.640.980.510.720.980.920.970.970.780.910.460.65
0.160.270.10.140.240.52-0.180.220.40.390.080.10.10.70.150.40.50.230.330.110.130.430.21-0.150.09
0.870.270.90.860.85-0.570.640.940.90.840.890.920.820.780.920.540.830.860.880.910.920.780.910.220.76
0.950.10.90.950.84-0.730.710.950.780.850.990.980.910.60.990.520.680.960.880.990.990.790.910.550.8
1.00.140.860.950.83-0.670.760.920.820.890.950.940.810.640.970.510.720.980.930.970.970.780.910.450.64
0.830.240.850.840.83-0.590.760.830.820.770.840.880.690.630.840.610.730.790.960.860.840.750.850.340.59
-0.660.52-0.57-0.73-0.67-0.59-0.62-0.67-0.39-0.42-0.74-0.73-0.72-0.04-0.7-0.14-0.26-0.61-0.55-0.73-0.72-0.35-0.65-0.48-0.66
0.75-0.180.640.710.760.76-0.620.610.630.620.730.740.40.340.730.420.470.660.760.740.710.60.60.370.24
0.920.220.940.950.920.83-0.670.610.890.890.930.960.90.750.960.570.840.920.90.960.970.830.970.410.83
0.810.40.90.780.820.82-0.390.630.890.910.760.840.650.910.830.640.980.770.90.810.830.860.880.260.57
0.90.390.840.850.890.77-0.420.620.890.910.820.840.680.830.880.580.880.890.890.850.880.850.840.40.55
0.960.080.890.990.950.84-0.740.730.930.760.820.970.890.570.980.540.640.960.880.990.980.790.890.520.78
0.940.10.920.980.940.88-0.730.740.960.840.840.970.890.640.980.540.740.930.910.990.980.790.950.50.79
0.820.10.820.910.810.69-0.720.40.90.650.680.890.890.520.890.40.590.860.720.90.890.640.860.510.96
0.640.70.780.60.640.63-0.040.340.750.910.830.570.640.520.660.60.950.650.740.630.650.790.730.110.47
0.980.150.920.990.970.84-0.70.730.960.830.880.980.980.890.660.490.740.970.911.01.00.790.930.490.77
0.510.40.540.520.510.61-0.140.420.570.640.580.540.540.40.60.490.630.50.610.520.520.860.580.150.34
0.720.50.830.680.720.73-0.260.470.840.980.880.640.740.590.950.740.630.690.820.710.740.820.830.190.54
0.980.230.860.960.980.79-0.610.660.920.770.890.960.930.860.650.970.50.690.880.960.970.780.880.490.71
0.920.330.880.880.930.96-0.550.760.90.90.890.880.910.720.740.910.610.820.880.910.910.810.90.370.59
0.970.110.910.990.970.86-0.730.740.960.810.850.990.990.90.631.00.520.710.960.910.990.80.930.510.78
0.970.130.920.990.970.84-0.720.710.970.830.880.980.980.890.651.00.520.740.970.910.990.810.930.490.78
0.780.430.780.790.780.75-0.350.60.830.860.850.790.790.640.790.790.860.820.780.810.80.810.780.360.56
0.910.210.910.910.910.85-0.650.60.970.880.840.890.950.860.730.930.580.830.880.90.930.930.780.330.79
0.46-0.150.220.550.450.34-0.480.370.410.260.40.520.50.510.110.490.150.190.490.370.510.490.360.330.43
0.650.090.760.80.640.59-0.660.240.830.570.550.780.790.960.470.770.340.540.710.590.780.780.560.790.43
Click cells to compare fundamentals

Advanced Micro Account Relationship Matchups

Advanced Micro fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.0B9.0B12.4B67.6B67.9B71.3B
Total Current Liabilities2.4B2.4B4.2B6.4B6.7B7.0B
Total Stockholder Equity2.8B5.8B7.5B54.8B55.9B58.7B
Retained Earnings(7.1B)(4.6B)(1.5B)(131M)723M759.2M
Non Currrent Assets Other357M(866M)373M1.5B2.8B2.9B
Cash And Short Term Investments1.5B2.3B3.6B5.9B5.8B6.1B
Net Receivables1.9B2.1B2.7B4.1B5.4B5.7B
Common Stock Shares Outstanding1.1B1.2B1.2B1.6B1.6B1.7B
Liabilities And Stockholders Equity6.0B9.0B12.4B67.6B67.9B71.3B
Inventory982M1.4B2.0B3.8B4.4B4.6B
Other Stockholder Equity9.9B17M(3M)(41M)55.2B57.9B
Total Liab3.2B3.1B4.9B12.8B12.0B12.6B
Property Plant And Equipment Gross500M641M702M2.0B4.0B2.6B
Total Current Assets4.6B6.1B8.6B15.0B16.8B17.6B
Cash And Equivalents1.5B1.6B2.5B4.8B5.6B5.8B
Short Term Debt70M136M43M312M751M788.6M
Current Deferred Revenue22M1.3B2M859M544M571.2M
Short Term Investments37M695M1.1B1.0B1.8B1.9B
Other Assets169M1.4B2.1B1.8B2.1B2.2B
Long Term Debt486M330M1M2.5B1.7B1.6B
Property Plant Equipment500M849M1.1B2.0B1.8B1.5B
Treasury Stock(50M)(53M)(131M)(2.1B)(1.9B)(1.8B)
Intangible Assets210M229M328M24.5B21.4B22.4B
Net Tangible Assets2.7B6.0B7.2B6.1B7.0B7.4B
Retained Earnings Total Equity(7.4B)(7.1B)(4.6B)(1.5B)(1.7B)(1.8B)
Long Term Debt Total486M330M1M2.5B2.2B1.1B

Pair Trading with Advanced Micro

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

Moving against Advanced Stock

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The ability to find closely correlated positions to Advanced Micro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Micro 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 Advanced Micro - 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 Advanced Micro Devices to buy it.
The correlation of Advanced Micro 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 Advanced Micro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Micro Devices 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 Advanced Micro 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 Advanced Micro Devices is a strong investment it is important to analyze Advanced Micro's 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 Advanced Micro's future performance. For an informed investment choice regarding Advanced Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Micro Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Advanced Micro's industry 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 Advanced Micro. If investors know Advanced 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 Advanced Micro 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
48.693
Earnings Share
0.53
Revenue Per Share
14.052
Quarterly Revenue Growth
0.102
Return On Assets
0.0037
The market value of Advanced Micro Devices is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Micro's value that differs from its market value or its book value, called intrinsic value, which is Advanced Micro's 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 Advanced Micro's market value can be influenced by many factors that don't directly affect Advanced Micro's 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 Advanced Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advanced Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Micro's 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.