Amgen Long Term Investments vs Total Assets Analysis

AMGN Stock  USD 265.95  0.55  0.21%   
Amgen financial indicator trend analysis is way more than just evaluating Amgen Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amgen Inc is a good investment. Please check the relationship between Amgen Long Term Investments and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amgen Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Long Term Investments vs Total Assets

Long Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amgen Inc Long Term Investments account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Amgen's Long Term Investments and Total Assets is 0.57. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Amgen Inc, assuming nothing else is changed. The correlation between historical values of Amgen's Long Term Investments and Total Assets 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 Amgen Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Investments i.e., Amgen's Long Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Long Term Investments

Long Term Investments is an item on the asset side of Amgen balance sheet that represents investments Amgen Inc intends to hold for over a year. Amgen Inc long term investments may include different instruments such as stocks, bonds, real estate and cash.

Total Assets

Total assets refers to the total amount of Amgen assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Amgen Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Amgen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amgen Inc 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 Amgen Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
At this time, Amgen's Selling General Administrative is very stable compared to the past year. As of the 19th of December 2024, Tax Provision is likely to grow to about 1.4 B, while Enterprise Value Over EBITDA is likely to drop 13.42.
 2021 2022 2023 2024 (projected)
Interest Expense1.2B1.4B2.9B3.0B
Depreciation And Amortization3.4B3.3B4.1B4.3B

Amgen fundamental ratios Correlations

0.930.760.810.330.670.94-0.40.670.860.620.350.78-0.490.92-0.110.470.910.630.520.270.760.810.790.370.77
0.930.90.91-0.010.520.99-0.610.830.950.830.020.94-0.550.99-0.140.720.990.810.210.130.950.820.640.080.6
0.760.90.97-0.330.480.85-0.870.940.930.93-0.250.98-0.750.93-0.10.810.950.89-0.020.00.920.910.62-0.250.58
0.810.910.97-0.230.510.88-0.810.870.90.83-0.120.94-0.760.92-0.20.730.950.820.10.260.880.890.67-0.120.63
0.33-0.01-0.33-0.230.340.070.66-0.35-0.12-0.450.88-0.290.37-0.050.14-0.51-0.09-0.360.790.34-0.27-0.110.310.880.36
0.670.520.480.510.340.51-0.350.460.510.280.370.45-0.560.520.210.160.530.390.620.270.360.610.960.250.94
0.940.990.850.880.070.51-0.530.760.930.780.090.89-0.510.98-0.210.680.970.760.270.170.920.80.630.160.59
-0.4-0.61-0.87-0.810.66-0.35-0.53-0.85-0.71-0.820.56-0.820.79-0.660.07-0.74-0.7-0.790.330.09-0.72-0.76-0.460.62-0.43
0.670.830.940.87-0.350.460.76-0.850.850.88-0.310.94-0.580.850.180.790.870.87-0.1-0.090.890.770.56-0.320.51
0.860.950.930.9-0.120.510.93-0.710.850.88-0.180.95-0.650.96-0.160.740.960.830.040.020.940.850.65-0.140.61
0.620.830.930.83-0.450.280.78-0.820.880.88-0.440.94-0.630.85-0.120.90.860.91-0.24-0.270.920.750.41-0.40.35
0.350.02-0.25-0.120.880.370.090.56-0.31-0.18-0.44-0.260.210.00.05-0.48-0.03-0.340.940.48-0.28-0.010.350.970.39
0.780.940.980.94-0.290.450.89-0.820.940.950.94-0.26-0.650.95-0.060.840.960.91-0.04-0.030.970.840.58-0.230.53
-0.49-0.55-0.75-0.760.37-0.56-0.510.79-0.58-0.65-0.630.21-0.65-0.610.38-0.5-0.65-0.6-0.07-0.16-0.51-0.81-0.680.31-0.65
0.920.990.930.92-0.050.520.98-0.660.850.960.850.00.95-0.61-0.160.721.00.810.20.080.930.880.670.040.62
-0.11-0.14-0.1-0.20.140.21-0.210.070.18-0.16-0.120.05-0.060.38-0.16-0.1-0.17-0.040.03-0.29-0.08-0.220.05-0.030.06
0.470.720.810.73-0.510.160.68-0.740.790.740.9-0.480.84-0.50.72-0.10.730.96-0.31-0.240.840.590.24-0.420.18
0.910.990.950.95-0.090.530.97-0.70.870.960.86-0.030.96-0.651.0-0.170.730.830.180.120.930.890.680.010.63
0.630.810.890.82-0.360.390.76-0.790.870.830.91-0.340.91-0.60.81-0.040.960.83-0.13-0.150.870.730.47-0.320.43
0.520.21-0.020.10.790.620.270.33-0.10.04-0.240.94-0.04-0.070.20.03-0.310.18-0.130.5-0.090.220.60.890.61
0.270.130.00.260.340.270.170.09-0.090.02-0.270.48-0.03-0.160.08-0.29-0.240.12-0.150.5-0.060.070.320.450.34
0.760.950.920.88-0.270.360.92-0.720.890.940.92-0.280.97-0.510.93-0.080.840.930.87-0.09-0.060.740.47-0.190.4
0.810.820.910.89-0.110.610.8-0.760.770.850.75-0.010.84-0.810.88-0.220.590.890.730.220.070.740.77-0.050.76
0.790.640.620.670.310.960.63-0.460.560.650.410.350.58-0.680.670.050.240.680.470.60.320.470.770.240.99
0.370.08-0.25-0.120.880.250.160.62-0.32-0.14-0.40.97-0.230.310.04-0.03-0.420.01-0.320.890.45-0.19-0.050.240.26
0.770.60.580.630.360.940.59-0.430.510.610.350.390.53-0.650.620.060.180.630.430.610.340.40.760.990.26
Click cells to compare fundamentals

Amgen Account Relationship Matchups

Amgen fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.7B62.9B61.2B65.1B97.2B102.0B
Short Long Term Debt Total29.9B33.0B33.3B38.9B64.6B67.8B
Other Current Liab8.5B9.2B9.9B11.2B13.7B14.4B
Total Current Liabilities12.8B11.7B12.2B15.7B18.4B19.3B
Total Stockholder Equity9.7B9.4B6.7B3.7B6.2B12.3B
Property Plant And Equipment Net4.9B4.9B5.2B5.4B6.6B3.6B
Net Debt23.9B26.7B25.3B31.3B53.7B56.4B
Retained Earnings(21.3B)(21.4B)(24.6B)(28.6B)(26.5B)(25.2B)
Cash6.0B6.3B8.0B7.6B10.9B11.5B
Non Current Assets Total41.3B41.8B41.8B42.9B66.8B70.2B
Non Currrent Assets Other2.2B5.6B6.5B5.9B9.0B9.4B
Cash And Short Term Investments8.9B10.6B8.0B9.3B10.9B10.5B
Net Receivables4.1B4.5B4.9B5.6B7.9B8.3B
Common Stock Shares Outstanding609M590M573M541M538M759.2M
Liabilities And Stockholders Equity59.7B62.9B61.2B65.1B97.2B102.0B
Non Current Liabilities Total37.2B41.9B42.3B45.8B72.5B76.2B
Other Current Assets1.9B2.1B2.4B2.4B1.9B2.7B
Other Stockholder Equity(528M)(985M)18.2B21.7B25.0B26.2B
Total Liab50.0B53.5B54.5B61.5B90.9B95.5B
Property Plant And Equipment Gross4.9B4.9B14.0B14.7B15.7B16.5B
Total Current Assets18.4B21.1B19.4B22.2B30.3B15.2B
Accumulated Other Comprehensive Income(528M)(985M)(796M)(231M)(289M)(274.6M)
Short Term Debt3.0B244M232M1.7B1.4B1.0B
Inventory3.6B3.9B4.1B4.9B9.5B10.0B
Accounts Payable1.4B1.4B1.4B1.6B1.6B1.7B
Common Stock Total Equity31.5B31.8B32.1B32.5B37.4B27.1B
Short Term Investments2.9B4.4B48M1.7B10.9B12.2B
Capital Stock31.5B31.8B32.1B32.5B33.1B27.5B
Common Stock31.5B31.8B32.1B32.5B33.1B27.5B
Other Assets955M1.3B6.5B2.2B2.5B1.4B
Long Term Debt27.0B32.9B33.2B37.4B63.2B66.3B
Property Plant Equipment4.9B4.9B5.2B5.4B6.2B5.3B
Good Will14.7B14.7B14.9B15.5B18.6B14.4B
Intangible Assets19.4B16.6B15.2B16.1B32.6B34.3B
Other Liab9.9B9.0B9.1B7.9B9.1B5.1B
Net Tangible Assets(24.4B)(21.9B)(23.4B)(27.9B)(25.2B)(23.9B)
Retained Earnings Total Equity(21.3B)(21.4B)(24.6B)(28.6B)(25.8B)(24.5B)
Long Term Debt Total27.0B32.9B33.2B37.4B43.0B29.9B
Non Current Liabilities Other9.6B9.0B2.5B2.7B2.3B2.2B

Pair Trading with Amgen

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

Moving together with Amgen Stock

  0.92VALN Valneva SE ADRPairCorr
  0.95ERNA Eterna TherapeuticsPairCorr

Moving against Amgen Stock

  0.8BMY Bristol Myers SquibbPairCorr
  0.78DYAI Dyadic InternationalPairCorr
  0.75ESPR Esperion TherapeuticsPairCorr
  0.59GILD Gilead SciencesPairCorr
  0.44DNA Ginkgo Bioworks HoldingsPairCorr
The ability to find closely correlated positions to Amgen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amgen 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 Amgen - 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 Amgen Inc to buy it.
The correlation of Amgen 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 Amgen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amgen Inc 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 Amgen 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 Amgen Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amgen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amgen Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amgen Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amgen Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Biotechnology 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 Amgen. If investors know Amgen 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 Amgen 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
0.621
Dividend Share
8.88
Earnings Share
7.84
Revenue Per Share
60.641
Quarterly Revenue Growth
0.232
The market value of Amgen Inc is measured differently than its book value, which is the value of Amgen that is recorded on the company's balance sheet. Investors also form their own opinion of Amgen's value that differs from its market value or its book value, called intrinsic value, which is Amgen'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 Amgen's market value can be influenced by many factors that don't directly affect Amgen'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 Amgen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amgen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amgen'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.