Altisource Long Term Investments vs Total Liab Analysis
ASPS Stock | USD 1.97 0.10 5.35% |
Altisource Portfolio financial indicator trend analysis is way more than just evaluating Altisource Portfolio prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altisource Portfolio is a good investment. Please check the relationship between Altisource Portfolio Long Term Investments and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altisource Portfolio Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Long Term Investments vs Total Liab
Long Term Investments vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altisource Portfolio Long Term Investments account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Altisource Portfolio's Long Term Investments and Total Liab is 0.67. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Liab in the same time period over historical financial statements of Altisource Portfolio Solutions, assuming nothing else is changed. The correlation between historical values of Altisource Portfolio's Long Term Investments and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Altisource Portfolio Solutions are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Long Term Investments i.e., Altisource Portfolio's Long Term Investments and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Investments
Long Term Investments is an item on the asset side of Altisource Portfolio balance sheet that represents investments Altisource Portfolio intends to hold for over a year. Altisource Portfolio Solutions long term investments may include different instruments such as stocks, bonds, real estate and cash.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Altisource Portfolio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altisource Portfolio 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 Altisource Portfolio Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. Tax Provision is likely to gain to about 11 M in 2024, whereas Selling General Administrative is likely to drop slightly above 36.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 7.1M | 21.8M | 23.8M | 22.6M | Total Revenue | 178.5M | 153.1M | 153.3M | 145.7M |
Altisource Portfolio fundamental ratios Correlations
Click cells to compare fundamentals
Altisource Portfolio Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altisource Portfolio fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 385.1M | 265.7M | 257.8M | 195.0M | 154.9M | 147.1M | |
Other Current Liab | 48.6M | 41.7M | 31.5M | 19.3M | 15.7M | 14.9M | |
Total Current Liabilities | 87.6M | 71.5M | 54.7M | 40.1M | 35.8M | 34.0M | |
Total Stockholder Equity | (22.8M) | (83.8M) | (70.1M) | (119.6M) | (125.7M) | (119.4M) | |
Accounts Payable | 22.4M | 16.8M | 16.0M | 15.0M | 15.3M | 13.0M | |
Cash | 82.7M | 58.3M | 98.1M | 51.0M | 32.5M | 30.9M | |
Other Assets | 21.6M | 45.4M | 12.5M | 10.2M | 11.7M | 11.2M | |
Long Term Debt | 287.9M | 242.7M | 243.6M | 245.2M | 215.6M | 267.4M | |
Common Stock Shares Outstanding | 16.0M | 15.6M | 16.1M | 16.1M | 22.4M | 16.9M | |
Other Current Assets | 15.2M | 19.5M | 21.9M | 23.5M | (39.6M) | (37.6M) | |
Total Liab | 406.5M | 348.2M | 326.7M | 313.9M | 279.9M | 369.0M | |
Intangible Assets | 61.0M | 46.3M | 36.9M | 31.7M | 26.5M | 25.2M | |
Property Plant Equipment | 53.6M | 11.9M | 6.9M | 9.5M | 11.0M | 10.4M | |
Short Long Term Debt Total | 287.9M | 242.7M | 243.6M | 245.2M | 219.1M | 288.0M | |
Property Plant And Equipment Net | 53.6M | 30.1M | 14.5M | 9.5M | 5.1M | 4.8M | |
Current Deferred Revenue | 5.2M | 5.5M | 4.3M | 3.7M | 3.2M | 3.0M | |
Net Debt | 205.1M | 184.4M | 145.5M | 194.2M | 186.6M | 198.4M | |
Non Current Assets Total | 200.9M | 165.5M | 119.8M | 107.4M | 99.3M | 94.4M | |
Non Currrent Assets Other | 7.0M | 6.0M | 2.1M | 1.9M | 3.9M | 6.2M | |
Cash And Short Term Investments | 125.4M | 58.3M | 98.1M | 51.0M | 32.5M | 30.9M | |
Net Receivables | 43.6M | 22.4M | 18.0M | 13.0M | 7.0M | 6.7M | |
Liabilities And Stockholders Equity | 385.1M | 265.7M | 257.8M | 195.0M | 154.9M | 147.1M | |
Non Current Liabilities Total | 318.9M | 276.7M | 271.9M | 273.8M | 244.2M | 303.9M | |
Other Stockholder Equity | (320.3M) | (299.6M) | (282.1M) | (264.0M) | 24.5M | 25.8M | |
Property Plant And Equipment Gross | 53.6M | 30.1M | 14.5M | 9.5M | 54.9M | 57.3M | |
Total Current Assets | 184.2M | 100.2M | 138.0M | 87.6M | 55.5M | 52.8M | |
Short Term Debt | 11.4M | 7.6M | 2.9M | 2.1M | 1.6M | 1.5M | |
Other Liab | 20.4M | 34.0M | 28.3M | 25.2M | 29.0M | 18.3M | |
Retained Earnings | 272.0M | 190.4M | 186.6M | 118.9M | (180.2M) | (171.2M) | |
Treasury Stock | (443.3M) | (453.9M) | (441.0M) | (426.4M) | (383.8M) | (403.0M) | |
Net Tangible Assets | (157.7M) | (203.9M) | (163.0M) | (207.3M) | (186.6M) | (177.3M) | |
Noncontrolling Interest In Consolidated Entity | 1.2M | 1.5M | 1.2M | 1.3M | 1.1M | 1.2M | |
Retained Earnings Total Equity | 590.7M | 272.0M | 190.4M | 186.6M | 214.6M | 342.7M | |
Long Term Debt Total | 331.5M | 287.9M | 242.7M | 243.6M | 280.2M | 366.9M |
Pair Trading with Altisource Portfolio
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 Altisource Portfolio 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 Altisource Portfolio will appreciate offsetting losses from the drop in the long position's value.Moving together with Altisource Stock
0.7 | UK | Ucommune International | PairCorr |
0.89 | ZG | Zillow Group Financial Report 1st of May 2024 | PairCorr |
0.77 | CBL | CBL Associates Properties | PairCorr |
Moving against Altisource Stock
0.84 | DOMA | Doma Holdings | PairCorr |
0.84 | BHM | Bluerock Homes Trust | PairCorr |
0.69 | MAYS | J W Mays | PairCorr |
0.46 | FOR | Forestar Group Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to Altisource Portfolio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altisource Portfolio 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 Altisource Portfolio - 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 Altisource Portfolio Solutions to buy it.
The correlation of Altisource Portfolio 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 Altisource Portfolio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altisource Portfolio 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 Altisource Portfolio 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 Altisource Portfolio Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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Is Altisource Portfolio'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 Altisource Portfolio. If investors know Altisource 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 Altisource Portfolio 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 (0.10) | Earnings Share (2.51) | Revenue Per Share 6.471 | Quarterly Revenue Growth (0.02) | Return On Assets (0.06) |
The market value of Altisource Portfolio is measured differently than its book value, which is the value of Altisource that is recorded on the company's balance sheet. Investors also form their own opinion of Altisource Portfolio's value that differs from its market value or its book value, called intrinsic value, which is Altisource Portfolio'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 Altisource Portfolio's market value can be influenced by many factors that don't directly affect Altisource Portfolio'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 Altisource Portfolio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altisource Portfolio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altisource Portfolio'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.