Advanced Net Invested Capital vs Other Current Assets Analysis
AMD Stock | 24.69 0.44 1.81% |
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 Net Invested Capital and its Other Current Assets 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.
Net Invested Capital vs Other Current Assets
Net Invested Capital vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Micro Devices Net Invested Capital account and Other Current Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Advanced Micro's Net Invested Capital and Other Current Assets is 0.99. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Other Current Assets 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 Net Invested Capital and Other Current 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 Net Invested Capital of Advanced Micro Devices are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Invested Capital i.e., Advanced Micro's Net Invested Capital and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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 closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 11th of December 2024, Tax Provision is likely to grow to about (328.7 M). In addition to that, Selling General Administrative is likely to drop to about 1.5 B
2022 | 2023 | 2024 (projected) | Interest Expense | 88M | 106M | 65.3M | Interest Income | 65M | 206M | 216.3M |
Advanced Micro fundamental ratios Correlations
Click cells to compare fundamentals
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 | |
Other Current Liab | 74M | 75M | 98M | 243M | 438M | 459.9M | |
Total Current Liabilities | 2.4B | 2.4B | 4.2B | 6.4B | 6.7B | 4.4B | |
Total Stockholder Equity | 2.8B | 5.8B | 7.5B | 54.8B | 55.9B | 58.7B | |
Other Liab | 157M | 177M | 333M | 3.6B | 4.1B | 4.3B | |
Net Tangible Assets | 2.3B | 5.3B | 6.9B | 6.1B | 7.0B | 4.7B | |
Retained Earnings | (7.1B) | (4.6B) | (1.5B) | (131M) | 723M | 759.2M | |
Accounts Payable | 1.2B | 546M | 1.4B | 3.0B | 2.1B | 1.7B | |
Cash | 1.5B | 1.6B | 2.5B | 4.8B | 3.9B | 2.8B | |
Non Current Assets Total | 1.4B | 2.8B | 3.8B | 52.6B | 51.1B | 53.7B | |
Non Currrent Assets Other | 169M | 144M | 234M | 2.2B | 2.8B | 2.9B | |
Other Assets | 169M | 1.4B | 2.1B | 1.8B | 2.1B | 1.2B | |
Long Term Debt | 486M | 330M | 1M | 2.5B | 1.7B | 1.1B | |
Net Receivables | 1.9B | 2.1B | 2.7B | 4.1B | 5.4B | 3.2B | |
Common Stock Shares Outstanding | 1.2B | 1.2B | 1.2B | 1.6B | 1.6B | 1.4B | |
Short Term Investments | 37M | 695M | 1.1B | 1.0B | 1.8B | 1.9B | |
Non Current Liabilities Total | 842M | 708M | 682M | 6.5B | 5.3B | 2.8B | |
Inventory | 982M | 1.4B | 2.0B | 3.8B | 4.4B | 2.4B | |
Other Current Assets | 8M | 378M | 312M | 1.3B | 1.3B | 1.3B | |
Total Liab | 3.2B | 3.1B | 4.9B | 12.8B | 12.0B | 7.2B | |
Net Invested Capital | 3.3B | 6.2B | 7.8B | 57.2B | 58.4B | 61.3B | |
Total Current Assets | 4.6B | 6.1B | 8.6B | 15.0B | 16.8B | 10.0B | |
Non Current Liabilities Other | 157M | 177M | 333M | 1.7B | 1.9B | 1.9B | |
Net Working Capital | 2.2B | 3.7B | 4.3B | 8.7B | 10.1B | 5.6B | |
Intangible Assets | 210M | 229M | 328M | 24.1B | 21.4B | 22.4B | |
Property Plant Equipment | 705M | 849M | 1.1B | 2.0B | 2.3B | 2.4B |
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
Moving against Advanced Stock
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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.