Affiliated Income Before Tax vs Total Operating Expenses Analysis

MGR Stock

USD 23.97 0.33 1.36%

Affiliated Managers financial indicator trend analysis is way more than just evaluating Affiliated Managers prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Affiliated Managers is a good investment. Please check the relationship between Affiliated Managers Income Before Tax and its Total Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Affiliated Managers Group. 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.

Income Before Tax vs Total Operating Expenses

Income Before Tax vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Affiliated Managers Income Before Tax account and Total Operating Expenses. At this time, the significance of the direction appears to have very week relationship.

The correlation between Affiliated Managers' Income Before Tax and Total Operating Expenses is 0.24. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Affiliated Managers Group, assuming nothing else is changed. The correlation between historical values of Affiliated Managers' Income Before Tax and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Affiliated Managers Group are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Before Tax i.e., Affiliated Managers' Income Before Tax and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Affiliated Managers income statement and is an important metric when analyzing Affiliated Managers profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Affiliated Managers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Affiliated Managers 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Affiliated Managers Group. 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, Affiliated Managers' Selling General Administrative is relatively stable compared to the past year. As of 11/13/2024, Sales General And Administrative To Revenue is likely to grow to 0.35, while Tax Provision is likely to drop slightly above 147.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.4B	1.3B	1.2B	938.2M
Total Revenue	2.4B	2.3B	2.1B	1.5B

Gross Profit Total Revenue

Affiliated Managers fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue	Good Will	Short Term Investments
Total Assets		0.75	0.04	0.94	0.96	0.76	0.71	0.57	0.76	0.55	0.99	-0.59	0.53	0.9	0.69	0.94	-0.5	-0.27	0.96	0.65	0.14	0.83	0.83	0.09	0.95	0.25
Short Long Term Debt Total	0.75		0.22	0.73	0.71	0.41	0.96	0.88	0.94	0.71	0.74	-0.25	0.78	0.63	0.32	0.8	-0.81	-0.69	0.81	0.81	0.14	0.54	0.58	0.57	0.72	0.48
Other Current Liab	0.04	0.22		-0.03	-0.01	-0.12	0.01	0.34	0.18	0.72	0.0	0.14	0.38	0.13	-0.16	0.16	-0.45	-0.39	0.13	0.38	-0.05	-0.07	0.15	0.41	0.06	-0.2
Total Current Liabilities	0.94	0.73	-0.03		0.89	0.77	0.7	0.5	0.79	0.5	0.94	-0.64	0.45	0.9	0.69	0.85	-0.42	-0.17	0.9	0.58	0.1	0.75	0.75	0.01	0.92	0.17
Total Stockholder Equity	0.96	0.71	-0.01	0.89		0.77	0.7	0.57	0.75	0.42	0.97	-0.65	0.41	0.84	0.66	0.83	-0.51	-0.19	0.86	0.53	0.15	0.7	0.75	0.01	0.88	0.22
Property Plant And Equipment Net	0.76	0.41	-0.12	0.77	0.77		0.38	0.16	0.54	0.27	0.79	-0.84	0.13	0.86	0.92	0.55	-0.02	0.27	0.61	0.32	0.23	0.61	0.79	-0.43	0.85	-0.11
Net Debt	0.71	0.96	0.01	0.7	0.7	0.38		0.85	0.93	0.52	0.71	-0.31	0.69	0.53	0.29	0.74	-0.75	-0.62	0.75	0.7	0.02	0.54	0.48	0.47	0.64	0.58
Retained Earnings	0.57	0.88	0.34	0.5	0.57	0.16	0.85		0.83	0.68	0.55	-0.02	0.86	0.39	0.15	0.66	-0.9	-0.87	0.64	0.84	0.03	0.42	0.49	0.7	0.51	0.68
Accounts Payable	0.76	0.94	0.18	0.79	0.75	0.54	0.93	0.83		0.66	0.76	-0.42	0.72	0.7	0.45	0.74	-0.69	-0.54	0.77	0.78	0.02	0.58	0.61	0.36	0.74	0.45
Cash	0.55	0.71	0.72	0.5	0.42	0.27	0.52	0.68	0.66		0.49	-0.09	0.83	0.58	0.27	0.69	-0.65	-0.62	0.67	0.87	-0.02	0.43	0.61	0.53	0.6	0.19
Non Current Assets Total	0.99	0.74	0.0	0.94	0.97	0.79	0.71	0.55	0.76	0.49		-0.64	0.47	0.9	0.71	0.91	-0.47	-0.21	0.94	0.6	0.16	0.81	0.82	0.03	0.95	0.21
Non Currrent Assets Other	-0.59	-0.25	0.14	-0.64	-0.65	-0.84	-0.31	-0.02	-0.42	-0.09	-0.64		0.02	-0.6	-0.76	-0.39	-0.09	-0.43	-0.45	-0.12	0.14	-0.52	-0.56	0.61	-0.61	0.12
Cash And Short Term Investments	0.53	0.78	0.38	0.45	0.41	0.13	0.69	0.86	0.72	0.83	0.47	0.02		0.4	0.22	0.69	-0.71	-0.83	0.66	0.97	-0.13	0.54	0.59	0.65	0.53	0.7
Net Receivables	0.9	0.63	0.13	0.9	0.84	0.86	0.53	0.39	0.7	0.58	0.9	-0.6	0.4		0.78	0.79	-0.31	-0.08	0.84	0.58	0.27	0.71	0.84	-0.05	0.95	-0.04
Common Stock Shares Outstanding	0.69	0.32	-0.16	0.69	0.66	0.92	0.29	0.15	0.45	0.27	0.71	-0.76	0.22	0.78		0.51	0.06	0.23	0.56	0.41	0.16	0.69	0.88	-0.44	0.82	0.04
Non Current Liabilities Total	0.94	0.8	0.16	0.85	0.83	0.55	0.74	0.66	0.74	0.69	0.91	-0.39	0.69	0.79	0.51		-0.6	-0.48	0.99	0.77	0.07	0.83	0.77	0.33	0.89	0.35
Other Current Assets	-0.5	-0.81	-0.45	-0.42	-0.51	-0.02	-0.75	-0.9	-0.69	-0.65	-0.47	-0.09	-0.71	-0.31	0.06	-0.6		0.83	-0.58	-0.67	-0.04	-0.19	-0.3	-0.78	-0.39	-0.46
Other Stockholder Equity	-0.27	-0.69	-0.39	-0.17	-0.19	0.27	-0.62	-0.87	-0.54	-0.62	-0.21	-0.43	-0.83	-0.08	0.23	-0.48	0.83		-0.43	-0.73	-0.07	-0.21	-0.19	-0.94	-0.19	-0.67
Total Liab	0.96	0.81	0.13	0.9	0.86	0.61	0.75	0.64	0.77	0.67	0.94	-0.45	0.66	0.84	0.56	0.99	-0.58	-0.43		0.75	0.08	0.84	0.79	0.27	0.91	0.32
Total Current Assets	0.65	0.81	0.38	0.58	0.53	0.32	0.7	0.84	0.78	0.87	0.6	-0.12	0.97	0.58	0.41	0.77	-0.67	-0.73	0.75		-0.05	0.64	0.74	0.54	0.68	0.61
Short Term Debt	0.14	0.14	-0.05	0.1	0.15	0.23	0.02	0.03	0.02	-0.02	0.16	0.14	-0.13	0.27	0.16	0.07	-0.04	-0.07	0.08	-0.05		-0.04	0.18	0.2	0.23	-0.22
Intangible Assets	0.83	0.54	-0.07	0.75	0.7	0.61	0.54	0.42	0.58	0.43	0.81	-0.52	0.54	0.71	0.69	0.83	-0.19	-0.21	0.84	0.64	-0.04		0.81	-0.03	0.82	0.39
Common Stock	0.83	0.58	0.15	0.75	0.75	0.79	0.48	0.49	0.61	0.61	0.82	-0.56	0.59	0.84	0.88	0.77	-0.3	-0.19	0.79	0.74	0.18	0.81		-0.03	0.93	0.25
Current Deferred Revenue	0.09	0.57	0.41	0.01	0.01	-0.43	0.47	0.7	0.36	0.53	0.03	0.61	0.65	-0.05	-0.44	0.33	-0.78	-0.94	0.27	0.54	0.2	-0.03	-0.03		0.02	0.46
Good Will	0.95	0.72	0.06	0.92	0.88	0.85	0.64	0.51	0.74	0.6	0.95	-0.61	0.53	0.95	0.82	0.89	-0.39	-0.19	0.91	0.68	0.23	0.82	0.93	0.02		0.19
Short Term Investments	0.25	0.48	-0.2	0.17	0.22	-0.11	0.58	0.68	0.45	0.19	0.21	0.12	0.7	-0.04	0.04	0.35	-0.46	-0.67	0.32	0.61	-0.22	0.39	0.25	0.46	0.19

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Affiliated Managers Account Relationship Matchups

Affiliated Managers fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7B	7.9B	8.9B	8.9B	9.1B	5.1B
Short Long Term Debt Total	2.2B	2.4B	2.5B	2.6B	2.5B	2.7B
Other Current Liab	184.9M	671.9M	750.2M	(503.2M)	589.4M	618.9M
Total Current Liabilities	634.6M	712.4M	789.1M	778.3M	628.5M	448.5M
Total Stockholder Equity	2.9B	2.8B	2.8B	3.2B	3.6B	1.9B
Net Debt	1.3B	1.3B	1.6B	2.1B	1.7B	1.8B
Retained Earnings	3.8B	4.0B	4.6B	5.7B	6.4B	6.7B
Accounts Payable	634.6M	712.4M	789.1M	778.3M	895.0M	939.8M
Cash	539.6M	1.0B	908.5M	429.2M	813.6M	854.3M
Non Current Assets Total	6.6B	6.4B	7.5B	7.4B	7.4B	4.3B
Non Currrent Assets Other	(146.2M)	(192.5M)	(272.1M)	(200.1M)	(219.9M)	(208.9M)
Cash And Short Term Investments	599M	1.1B	987M	1.1B	1.3B	1.3B
Net Receivables	417.1M	421.6M	419.2M	316M	368.4M	264.4M
Common Stock Shares Outstanding	50.6M	46.7M	44.8M	49M	42.2M	48.6M
Liabilities And Stockholders Equity	7.7B	7.9B	8.9B	8.9B	9.1B	5.1B
Non Current Liabilities Total	2.6B	3.2B	3.7B	3.5B	3.5B	2.0B
Other Current Assets	(1.0B)	(1.5B)	(1.4B)	(1.5B)	(1.6B)	(1.6B)
Other Stockholder Equity	(4.6B)	(5.1B)	(6.3B)	(8.0B)	(9.0B)	(8.6B)
Total Liab	3.2B	3.9B	4.5B	4.2B	4.1B	2.4B
Total Current Assets	1.0B	1.5B	1.4B	1.5B	1.6B	1.7B
Accumulated Other Comprehensive Income	(108.8M)	(98.3M)	(87.9M)	(203.4M)	(167.6M)	(159.2M)
Short Term Debt	449.7M	40.5M	38.9M	38.5M	39.1M	37.1M
Intangible Assets	1.2B	1.0B	2.0B	1.9B	1.8B	1.1B
Current Deferred Revenue	(576.4M)	450M	423M	464.7M	534.4M	561.1M
Good Will	2.7B	2.7B	2.7B	2.6B	2.5B	2.2B
Short Term Investments	59.4M	74.9M	78.5M	716.9M	461M	484.1M
Net Tangible Assets	20.5M	(259M)	(1.2B)	(829M)	(953.4M)	(905.7M)
Warrants	916.7M	671.5M	673.9M	465.4M	418.9M	555.7M
Noncontrolling Interest In Consolidated Entity	561.6M	537.6M	924.2M	945.3M	850.8M	653.4M
Other Assets	4.4B	1.1B	1.4B	265.2M	2.1B	2.2B
Long Term Debt	1.8B	2.3B	2.5B	2.5B	2.9B	2.2B
Retained Earnings Total Equity	3.8B	4.0B	4.6B	5.7B	6.6B	3.9B
Long Term Debt Total	1.8B	2.3B	2.5B	2.5B	2.9B	2.2B
Capital Surpluse	707.2M	728.9M	651.6M	695.5M	799.8M	797.5M
Deferred Long Term Liab	450.2M	423.4M	503.2M	464.7M	418.2M	399.6M
Long Term Investments	2.4B	2.3B	2.5B	2.6B	2.9B	2.8B
Treasury Stock	(1.5B)	(1.9B)	(2.3B)	(3.0B)	(2.7B)	(2.5B)

Pair Trading with Affiliated Managers

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

Moving together with Affiliated Stock

0.62

DISTR

Distoken Acquisition

Pair Corr

Moving against Affiliated Stock

0.81	BKKT	Bakkt Holdings Tech Boost	Pair Corr
0.77	KSPI	Joint Stock	Pair Corr
0.64	PRE	Prenetics Global	Pair Corr
0.63	MOGO	Mogo Inc Tech Boost	Pair Corr
0.56	KPLTW	Katapult Holdings Equity	Pair Corr

The ability to find closely correlated positions to Affiliated Managers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Affiliated Managers 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 Affiliated Managers - 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 Affiliated Managers Group to buy it.

The correlation of Affiliated Managers 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 Affiliated Managers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affiliated Managers 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 Affiliated Managers 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 Correlation Correlation Matching

Additional Tools for Affiliated Stock Analysis

When running Affiliated Managers' price analysis, check to measure Affiliated Managers' 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 Affiliated Managers is operating at the current time. Most of Affiliated Managers' value examination focuses on studying past and present price action to predict the probability of Affiliated Managers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Affiliated Managers' price. Additionally, you may evaluate how the addition of Affiliated Managers to your portfolios can decrease your overall portfolio volatility.

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