Autohome Property Plant Equipment vs Common Stock Analysis
ATHM Stock | USD 26.00 0.95 3.79% |
Autohome financial indicator trend analysis is way more than just evaluating Autohome prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Autohome is a good investment. Please check the relationship between Autohome Property Plant Equipment and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autohome. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in Autohome Stock, please use our How to Invest in Autohome guide.
Property Plant Equipment vs Common Stock
Property Plant Equipment vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autohome Property Plant Equipment account and Common Stock. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Autohome's Property Plant Equipment and Common Stock is 0.15. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Common Stock in the same time period over historical financial statements of Autohome, assuming nothing else is changed. The correlation between historical values of Autohome's Property Plant Equipment and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Autohome are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Property Plant Equipment i.e., Autohome's Property Plant Equipment and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Property Plant Equipment
Common Stock
Most indicators from Autohome's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Autohome 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 Autohome. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in Autohome Stock, please use our How to Invest in Autohome guide.As of the 27th of April 2024, Enterprise Value is likely to grow to about 27.8 B, while Selling General Administrative is likely to drop about 293.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.2B | 5.7B | 5.8B | 4.3B | Total Revenue | 7.2B | 6.9B | 7.2B | 5.2B |
Autohome fundamental ratios Correlations
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Autohome Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Autohome fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 119.5M | 119.9M | 125.1M | 124.9M | 122.8M | 126.5M | |
Total Assets | 19.2B | 23.7B | 28.5B | 29.7B | 30.8B | 16.1B | |
Other Current Liab | 2.4B | 2.6B | 2.2B | (714.5M) | 5.1B | 5.3B | |
Total Current Liabilities | 4.0B | 4.2B | 4.0B | 588.5M | 5.1B | 5.3B | |
Total Stockholder Equity | 14.6B | 17.6B | 22.8B | 2.3B | 23.9B | 25.1B | |
Other Liab | 561.0M | 645.8M | 576.8M | 517.9M | 595.6M | 344.9M | |
Property Plant And Equipment Net | 281.8M | 410.1M | 381.5M | 53.7M | 200.9M | 123.8M | |
Current Deferred Revenue | 1.5B | 1.4B | 1.7B | 1.2B | 1.4B | 1.1B | |
Net Debt | (1.9B) | (1.5B) | (4.1B) | (295.8M) | (4.9B) | (4.7B) | |
Retained Earnings | 10.7B | 13.5B | 14.9B | 2.3B | 2.7B | 4.1B | |
Cash | 2.0B | 1.8B | 4.2B | 406.2M | 5.0B | 5.2B | |
Non Current Assets Total | 2.8B | 5.4B | 5.2B | 726.4M | 5.3B | 5.6B | |
Cash And Short Term Investments | 12.8B | 14.6B | 20.7B | 3.2B | 23.5B | 24.7B | |
Net Receivables | 3.3B | 3.2B | 2.2B | 2.0B | 1.5B | 1.8B | |
Common Stock Total Equity | 7.9M | 8.0M | 8.0M | 8.1M | 9.3M | 8.3M | |
Liabilities And Stockholders Equity | 19.2B | 23.7B | 28.5B | 29.7B | 30.8B | 16.1B | |
Non Current Liabilities Total | 584.0M | 736.4M | 605.4M | 568.5M | 587.1M | 597.3M | |
Other Current Assets | 302.3M | 563.2M | 280.2M | 357.5M | 487.4M | 307.3M | |
Other Stockholder Equity | 3.8B | 4.1B | 7.9B | (369.6M) | (425.1M) | (403.8M) | |
Total Liab | 4.5B | 4.9B | 4.6B | 588.5M | 5.7B | 5.9B | |
Property Plant And Equipment Gross | 362.8M | 619.4M | 1.3B | 1.4B | 1.6B | 1.7B | |
Total Current Assets | 16.4B | 18.4B | 23.3B | 3.5B | 25.5B | 26.8B | |
Accumulated Other Comprehensive Income | 148.4M | 62.3M | (49.9M) | 369.6M | 425.1M | 446.3M | |
Intangible Assets | 27.7M | 440.4M | 357.4M | 40.4M | 4.1B | 4.4B | |
Common Stock | 8.0M | 8.1M | 8.5M | 1.2M | 23.9B | 25.1B | |
Property Plant Equipment | 362.8M | 619.4M | 381.5M | 255.3M | 293.6M | 200.8M | |
Non Currrent Assets Other | 884.2M | 294.8M | 146.1M | (265.6M) | 517.6M | 543.5M | |
Other Assets | 73.1M | 165.1M | 24.1B | 25.4B | 517.6M | 491.7M | |
Inventory | (2.6B) | 1.0 | 89.9M | (2.0B) | (1.8B) | (1.7B) | |
Short Long Term Debt Total | 75.8M | 202.7M | 124.8M | 110.4M | 89.2M | 89.2M | |
Net Tangible Assets | 13.1B | 13.1B | 18.3B | 19.7B | 22.6B | 23.7B | |
Short Term Investments | 10.8B | 12.9B | 16.5B | 2.8B | 18.6B | 19.5B | |
Long Term Investments | 829.5M | 70.4M | 70.7M | 419.2M | 482.1M | 293.4M | |
Short Term Debt | 52.8M | 112.1M | 96.2M | 59.8M | 68.8M | 61.2M | |
Capital Lease Obligations | 75.8M | 202.7M | 124.8M | 110.4M | 126.9M | 70.6M | |
Non Current Liabilities Other | 22.5M | 104.9M | 28.6M | 50.6M | 58.2M | 40.9M | |
Net Invested Capital | 14.6B | 17.6B | 22.8B | 23.9B | 27.5B | 18.0B |
Pair Trading with Autohome
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 Autohome 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 Autohome will appreciate offsetting losses from the drop in the long position's value.Moving together with Autohome Stock
0.68 | WB | Weibo Corp Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Autohome could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autohome 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 Autohome - 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 Autohome to buy it.
The correlation of Autohome 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 Autohome moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autohome 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 Autohome 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 Autohome. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in Autohome Stock, please use our How to Invest in Autohome guide.Note that the Autohome information on this page should be used as a complementary analysis to other Autohome's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Autohome's price analysis, check to measure Autohome's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Autohome is operating at the current time. Most of Autohome's value examination focuses on studying past and present price action to predict the probability of Autohome's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Autohome's price. Additionally, you may evaluate how the addition of Autohome to your portfolios can decrease your overall portfolio volatility.
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Is Autohome'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 Autohome. If investors know Autohome 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 Autohome 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 (0.21) | Dividend Share 8.155 | Earnings Share 2.11 | Revenue Per Share 58.652 | Quarterly Revenue Growth 0.01 |
The market value of Autohome is measured differently than its book value, which is the value of Autohome that is recorded on the company's balance sheet. Investors also form their own opinion of Autohome's value that differs from its market value or its book value, called intrinsic value, which is Autohome'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 Autohome's market value can be influenced by many factors that don't directly affect Autohome'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 Autohome's value and its price as these two are different measures arrived at by different means. Investors typically determine if Autohome is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Autohome'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.