Advanced Interest Coverage vs Inventory Turnover Analysis
AMD Stock | USD 180.49 0.90 0.50% |
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 Interest Coverage and its Inventory Turnover 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.
Interest Coverage vs Inventory Turnover
Interest Coverage vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Micro Devices Interest Coverage account and Inventory Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Advanced Micro's Interest Coverage and Inventory Turnover is -0.32. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Inventory Turnover 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 Interest Coverage and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Advanced Micro Devices are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Interest Coverage i.e., Advanced Micro's Interest Coverage and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Interest Coverage
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.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 Expense | 47M | 34M | 106M | 100.7M | Depreciation And Amortization | 354M | 55M | 3.6B | 3.7B |
Advanced Micro fundamental ratios Correlations
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Advanced Micro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Advanced Micro fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.0B | 9.0B | 12.4B | 67.6B | 67.9B | 71.3B | |
Total Current Liabilities | 2.4B | 2.4B | 4.2B | 6.4B | 6.7B | 7.0B | |
Total Stockholder Equity | 2.8B | 5.8B | 7.5B | 54.8B | 55.9B | 58.7B | |
Retained Earnings | (7.1B) | (4.6B) | (1.5B) | (131M) | 723M | 759.2M | |
Non Currrent Assets Other | 357M | (866M) | 373M | 1.5B | 2.8B | 2.9B | |
Cash And Short Term Investments | 1.5B | 2.3B | 3.6B | 5.9B | 5.8B | 6.1B | |
Net Receivables | 1.9B | 2.1B | 2.7B | 4.1B | 5.4B | 5.7B | |
Common Stock Shares Outstanding | 1.1B | 1.2B | 1.2B | 1.6B | 1.6B | 1.7B | |
Liabilities And Stockholders Equity | 6.0B | 9.0B | 12.4B | 67.6B | 67.9B | 71.3B | |
Inventory | 982M | 1.4B | 2.0B | 3.8B | 4.4B | 4.6B | |
Other Stockholder Equity | 9.9B | 17M | (3M) | (41M) | 55.2B | 57.9B | |
Total Liab | 3.2B | 3.1B | 4.9B | 12.8B | 12.0B | 12.6B | |
Property Plant And Equipment Gross | 500M | 641M | 702M | 2.0B | 4.0B | 2.6B | |
Total Current Assets | 4.6B | 6.1B | 8.6B | 15.0B | 16.8B | 17.6B | |
Cash And Equivalents | 1.5B | 1.6B | 2.5B | 4.8B | 5.6B | 5.8B | |
Short Term Debt | 70M | 136M | 43M | 312M | 751M | 788.6M | |
Current Deferred Revenue | 22M | 1.3B | 2M | 859M | 544M | 571.2M | |
Short Term Investments | 37M | 695M | 1.1B | 1.0B | 1.8B | 1.9B | |
Other Assets | 169M | 1.4B | 2.1B | 1.8B | 2.1B | 2.2B | |
Long Term Debt | 486M | 330M | 1M | 2.5B | 1.7B | 1.6B | |
Property Plant Equipment | 500M | 849M | 1.1B | 2.0B | 1.8B | 1.5B | |
Treasury Stock | (50M) | (53M) | (131M) | (2.1B) | (1.9B) | (1.8B) | |
Intangible Assets | 210M | 229M | 328M | 24.5B | 21.4B | 22.4B | |
Net Tangible Assets | 2.7B | 6.0B | 7.2B | 6.1B | 7.0B | 7.4B | |
Retained Earnings Total Equity | (7.4B) | (7.1B) | (4.6B) | (1.5B) | (1.7B) | (1.8B) | |
Long Term Debt Total | 486M | 330M | 1M | 2.5B | 2.2B | 1.1B |
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 together with Advanced Stock
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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.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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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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 0.54 | 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.