Gogo Short Term Investments vs Total Assets Analysis

GOGO Stock  USD 7.96  0.18  2.31%   
Gogo financial indicator trend analysis is much more than just examining Gogo Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gogo Inc is a good investment. Please check the relationship between Gogo Short Term Investments and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo 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.

Short Term Investments vs Total Assets

Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gogo Inc Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Gogo's Short Term Investments and Total Assets is 0.73. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Gogo Inc, assuming nothing else is changed. The correlation between historical values of Gogo's Short 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 Short Term Investments of Gogo 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 Short Term Investments i.e., Gogo's Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Investments

Short Term Investments is an item under the current assets section of Gogo balance sheet. It contains any investments Gogo Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Gogo Inc can easily liquidate in the marketplace.

Total Assets

Total assets refers to the total amount of Gogo 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 Gogo 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 Gogo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gogo 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo 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, Gogo's Selling General Administrative is very stable compared to the past year. As of the 13th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.24, though Tax Provision is likely to grow to (47.2 M).
 2021 2022 2023 2024 (projected)
Interest Expense67.5M38.9M33.1M64.1M
Depreciation And Amortization15.5M12.6M16.7M15.9M

Gogo fundamental ratios Correlations

0.730.90.62-0.040.890.860.73-0.490.490.260.940.770.650.92-0.03-0.150.820.640.540.590.820.890.91-0.150.72
0.730.60.8-0.530.450.450.97-0.92-0.020.430.580.510.550.73-0.170.190.850.610.610.750.890.430.790.450.18
0.90.60.69-0.190.90.970.61-0.260.480.160.840.90.560.860.25-0.380.780.650.320.290.790.870.81-0.160.83
0.620.80.69-0.560.450.580.69-0.580.20.620.380.550.740.550.14-0.270.670.40.090.420.790.40.80.60.42
-0.04-0.53-0.19-0.560.06-0.04-0.550.50.49-0.10.06-0.16-0.06-0.170.0-0.12-0.57-0.28-0.06-0.08-0.590.11-0.16-0.60.22
0.890.450.90.450.060.940.47-0.140.590.080.930.860.480.810.03-0.40.70.530.30.240.680.980.71-0.40.86
0.860.450.970.58-0.040.940.46-0.090.620.120.850.90.510.790.3-0.460.670.560.230.210.680.920.73-0.30.92
0.730.970.610.69-0.550.470.46-0.88-0.060.190.630.530.410.75-0.170.290.890.680.710.690.90.450.720.310.15
-0.49-0.92-0.26-0.580.5-0.14-0.09-0.880.22-0.4-0.35-0.2-0.36-0.530.38-0.46-0.66-0.49-0.66-0.8-0.7-0.13-0.57-0.540.18
0.49-0.020.480.20.490.590.62-0.060.220.130.50.380.420.320.27-0.350.060.05-0.020.180.090.570.4-0.350.78
0.260.430.160.62-0.10.080.120.19-0.40.130.010.080.680.15-0.08-0.290.13-0.03-0.170.430.270.070.520.640.14
0.940.580.840.380.060.930.850.63-0.350.50.010.80.390.89-0.02-0.070.760.630.610.490.710.930.71-0.410.71
0.770.510.90.55-0.160.860.90.53-0.20.380.080.80.280.790.21-0.440.680.730.340.20.680.840.61-0.230.77
0.650.550.560.74-0.060.480.510.41-0.360.420.680.390.280.41-0.02-0.350.440.05-0.030.430.550.460.860.370.51
0.920.730.860.55-0.170.810.790.75-0.530.320.150.890.790.41-0.020.010.850.820.620.550.830.830.8-0.170.58
-0.03-0.170.250.140.00.030.3-0.170.380.27-0.08-0.020.21-0.02-0.02-0.21-0.13-0.04-0.12-0.15-0.130.05-0.04-0.10.38
-0.150.19-0.38-0.27-0.12-0.4-0.460.29-0.46-0.35-0.29-0.07-0.44-0.350.01-0.210.040.050.550.39-0.04-0.35-0.210.07-0.62
0.820.850.780.67-0.570.70.670.89-0.660.060.130.760.680.440.85-0.130.040.710.550.510.980.680.750.080.4
0.640.610.650.4-0.280.530.560.68-0.490.05-0.030.630.730.050.82-0.040.050.710.670.410.670.550.54-0.140.35
0.540.610.320.09-0.060.30.230.71-0.66-0.02-0.170.610.34-0.030.62-0.120.550.550.670.760.470.340.37-0.190.03
0.590.750.290.42-0.080.240.210.69-0.80.180.430.490.20.430.55-0.150.390.510.410.760.520.270.610.240.09
0.820.890.790.79-0.590.680.680.9-0.70.090.270.710.680.550.83-0.13-0.040.980.670.470.520.650.820.220.41
0.890.430.870.40.110.980.920.45-0.130.570.070.930.840.460.830.05-0.350.680.550.340.270.650.7-0.430.85
0.910.790.810.8-0.160.710.730.72-0.570.40.520.710.610.860.8-0.04-0.210.750.540.370.610.820.70.190.61
-0.150.45-0.160.6-0.6-0.4-0.30.31-0.54-0.350.64-0.41-0.230.37-0.17-0.10.070.08-0.14-0.190.240.22-0.430.19-0.39
0.720.180.830.420.220.860.920.150.180.780.140.710.770.510.580.38-0.620.40.350.030.090.410.850.61-0.39
Click cells to compare fundamentals

Gogo Account Relationship Matchups

Gogo fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B673.6M647.7M759.5M781.5M856.7M
Short Long Term Debt Total1.2B1.2B881.7M776.7M678.1M646.4M
Other Current Liab188.5M72.9M50.4M48.7M35.2M33.4M
Total Current Liabilities252.6M438.1M188.5M84.4M72.0M68.4M
Total Stockholder Equity(398.9M)(641.1M)(320.2M)(101.9M)40.7M42.8M
Property Plant And Equipment Net623.7M97.2M134.7M179.9M168.7M334.7M
Current Deferred Revenue34.8M3.1M1.8M3.4M1.0M952.9K
Net Debt1.0B771.6M735.8M626.1M539.1M453.8M
Retained Earnings(1.4B)(1.6B)(1.5B)(1.4B)(1.2B)(1.3B)
Accounts Payable17.2M11.0M17.2M13.6M16.1M16.2M
Cash170.0M435.3M145.9M150.6M139.0M192.5M
Non Current Assets Total789.9M161.4M397.8M435.4M466.9M485.9M
Non Currrent Assets Other89.7M11.5M3.5M4.1M5.7M5.4M
Cash And Short Term Investments170.0M435.3M145.9M175.3M139.0M237.7M
Net Receivables101.4M42.3M37.7M60.7M73.4M62.4M
Common Stock Shares Outstanding80.8M82.3M127.2M133.9M133.3M98.9M
Liabilities And Stockholders Equity1.2B673.6M647.7M759.5M781.5M856.7M
Non Current Liabilities Total1.4B876.6M779.3M777.0M668.8M823.2M
Inventory117.1M28.1M34.0M49.5M63.2M49.2M
Other Current Assets36.3M6.5M32.3M38.6M38.9M21.5M
Other Stockholder Equity979.5M989.7M1.1B1.2B1.2B830.1M
Total Liab1.6B1.3B967.8M861.4M740.8M1.0B
Property Plant And Equipment Gross623.7M97.2M63.7M179.9M290.0M338.4M
Total Current Assets424.8M512.2M249.9M324.1M314.6M370.8M
Accumulated Other Comprehensive Income(2.3M)(1.0M)1.8M30.1M15.8M16.6M
Short Term Debt12.2M349.1M117.1M16.3M17.5M16.7M
Intangible Assets75.9M52.1M48.9M48.9M55.0M52.9M
Other Liab180.9M10.6M7.2M7.6M6.8M6.5M
Other Assets89.7M11.5M213.6M180.4M207.5M217.9M
Long Term Debt1.1B828.0M694.8M690.2M587.5M672.0M
Short Term Investments39.3M170.0M925K24.8M23.2M22.1M
Property Plant Equipment560.3M63.5M63.7M179.9M161.9M264.5M
Net Tangible Assets(475.4M)(693.8M)(320.2M)(151.4M)(136.2M)(143.1M)
Retained Earnings Total Equity(1.2B)(1.4B)(1.6B)(1.5B)(1.3B)(1.4B)
Long Term Debt Total1.0B1.1B828.0M694.8M799.0M798.2M
Capital Surpluse963.5M979.5M1.1B1.3B1.4B1.1B
Deferred Long Term Liab129.1M135.4M1.9M1.4M1.3M1.2M
Non Current Liabilities Other124.3M48.6M84.6M7.6M8.3M7.9M

Pair Trading with Gogo

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

Moving together with Gogo Stock

  0.61T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr

Moving against Gogo Stock

  0.8BCE BCE IncPairCorr
  0.76TEF Telefonica SA ADRPairCorr
  0.72ATNI ATN InternationalPairCorr
  0.64TLK Telkom Indonesia TbkPairCorr
  0.63FYBR Frontier CommunicationsPairCorr
The ability to find closely correlated positions to Gogo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gogo 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 Gogo - 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 Gogo Inc to buy it.
The correlation of Gogo 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 Gogo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gogo 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 Gogo 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 Gogo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gogo'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 Gogo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gogo Inc Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Wireless Telecommunication Services 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 Gogo. If investors know Gogo 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 Gogo 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
(0.50)
Earnings Share
0.43
Revenue Per Share
3.139
Quarterly Revenue Growth
0.026
Return On Assets
0.0847
The market value of Gogo Inc is measured differently than its book value, which is the value of Gogo that is recorded on the company's balance sheet. Investors also form their own opinion of Gogo's value that differs from its market value or its book value, called intrinsic value, which is Gogo'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 Gogo's market value can be influenced by many factors that don't directly affect Gogo'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 Gogo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gogo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gogo'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.