Alibaba Good Will vs Total Assets Analysis
BABA Stock | USD 75.55 0.44 0.59% |
Alibaba Group financial indicator trend analysis is way more than just evaluating Alibaba Group Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alibaba Group Holding is a good investment. Please check the relationship between Alibaba Group Good Will and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alibaba Group Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Good Will vs Total Assets
Good Will vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alibaba Group Holding Good Will account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Alibaba Group's Good Will and Total Assets is 0.96. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Assets in the same time period over historical financial statements of Alibaba Group Holding, assuming nothing else is changed. The correlation between historical values of Alibaba Group's Good Will 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 Good Will of Alibaba Group Holding 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 Good Will i.e., Alibaba Group's Good Will and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Total Assets
Total assets refers to the total amount of Alibaba Group 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 Alibaba Group Holding 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 Alibaba Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alibaba Group Holding 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 Alibaba Group Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. At present, Alibaba Group's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 19 B, whereas Issuance Of Capital Stock is forecasted to decline to about 9.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 20.6B | 17.0B | 19.5B | 20.5B | Depreciation And Amortization | 11.6B | 22.0B | 25.3B | 26.6B |
Alibaba Group fundamental ratios Correlations
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Alibaba Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alibaba Group fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.3T | 1.7T | 1.7T | 1.8T | 2.0T | 2.1T | |
Other Current Liab | 23.2B | 25.5B | 21.8B | 12.5B | 14.4B | 13.4B | |
Total Current Liabilities | 241.9B | 377.4B | 383.8B | 385.4B | 443.2B | 465.3B | |
Total Stockholder Equity | 755.4B | 937.5B | 948.5B | 989.7B | 1.1T | 1.2T | |
Property Plant And Equipment Net | 103.4B | 147.4B | 171.8B | 176.0B | 202.4B | 212.6B | |
Current Deferred Revenue | 52.0B | 77.5B | 81.7B | 84.6B | 97.3B | 102.1B | |
Net Debt | (205.1B) | (172.1B) | (48.6B) | (31.7B) | (28.6B) | (30.0B) | |
Retained Earnings | 406.3B | 554.9B | 563.6B | 599.0B | 688.9B | 723.3B | |
Accounts Payable | 161.5B | 260.9B | 271.5B | 276.0B | 317.3B | 333.2B | |
Cash | 330.5B | 321.3B | 189.9B | 193.1B | 222.0B | 121.4B | |
Non Current Assets Total | 850.1B | 1.0T | 1.1T | 1.1T | 1.2T | 1.3T | |
Non Currrent Assets Other | 50.4B | 87.4B | 98.7B | 95.4B | 109.7B | 115.2B | |
Cash And Short Term Investments | 363.2B | 483.4B | 455.1B | 524.5B | 603.1B | 633.3B | |
Net Receivables | 84.2B | 124.7B | 146.0B | 78.6B | 90.4B | 95.0B | |
Common Stock Shares Outstanding | 2.7B | 2.7B | 2.7B | 2.6B | 2.4B | 2.5B | |
Short Term Investments | 32.7B | 162.2B | 265.2B | 331.4B | 381.1B | 400.1B | |
Liabilities And Stockholders Equity | 1.3T | 1.7T | 1.7T | 1.8T | 2.0T | 2.1T | |
Non Current Liabilities Total | 191.5B | 229.2B | 229.6B | 244.8B | 281.5B | 295.6B | |
Inventory | 14.9B | 27.9B | 30.1B | 28.5B | 32.8B | 34.5B | |
Other Current Assets | 84.2B | 124.7B | 11.7B | 137.1B | 157.6B | 165.5B | |
Total Liab | 433.3B | 606.6B | 613.4B | 630.1B | 724.6B | 760.9B | |
Total Current Assets | 462.9B | 643.4B | 638.5B | 698.0B | 802.7B | 842.8B | |
Accumulated Other Comprehensive Income | 5.5B | (11.7B) | (23.3B) | 2.6B | 2.3B | 2.4B | |
Other Stockholder Equity | 343.7B | 394.3B | 408.2B | 388.1B | 446.3B | 468.6B | |
Intangible Assets | 60.9B | 70.8B | 59.2B | 46.9B | 53.9B | 28.6B | |
Property Plant And Equipment Gross | 138.0B | 147.4B | 347.2B | 372.0B | 427.8B | 449.2B | |
Good Will | 276.8B | 292.8B | 269.6B | 268.1B | 308.3B | 323.7B | |
Short Long Term Debt Total | 125.4B | 149.2B | 141.3B | 161.4B | 185.6B | 93.9B | |
Short Term Debt | 5.2B | 13.4B | 8.8B | 12.3B | 14.1B | 9.0B | |
Other Liab | 61.2B | 71.4B | 74.9B | 65.3B | 75.1B | 78.9B | |
Other Assets | 23.3B | 98.4B | 113.1B | 110.9B | 127.6B | 133.9B | |
Property Plant Equipment | 138.0B | 147.4B | 171.8B | 176.0B | 202.4B | 212.6B | |
Long Term Debt | 120.3B | 135.7B | 132.5B | 149.1B | 171.5B | 91.0B | |
Long Term Investments | 351.0B | 437.4B | 443.3B | 453.1B | 521.1B | 547.1B | |
Short Long Term Debt | 5.2B | 13.4B | 8.8B | 12.3B | 11.0B | 12.1B | |
Net Tangible Assets | 152.6B | 417.7B | 573.9B | 619.7B | 712.6B | 748.2B | |
Long Term Debt Total | 120.3B | 135.7B | 132.5B | 149.1B | 171.5B | 110.9B |
Pair Trading with Alibaba Group
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 Alibaba Group 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 Alibaba Group will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Alibaba Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alibaba Group 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 Alibaba Group - 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 Alibaba Group Holding to buy it.
The correlation of Alibaba Group 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 Alibaba Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alibaba Group Holding 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 Alibaba Group 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 Alibaba Group Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Alibaba Group Holding information on this page should be used as a complementary analysis to other Alibaba Group'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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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Is Alibaba Group'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 Alibaba Group. If investors know Alibaba 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 Alibaba Group 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 (0.68) | Dividend Share 6.869 | Earnings Share 5.34 | Revenue Per Share 363.638 | Quarterly Revenue Growth 0.051 |
The market value of Alibaba Group Holding is measured differently than its book value, which is the value of Alibaba that is recorded on the company's balance sheet. Investors also form their own opinion of Alibaba Group's value that differs from its market value or its book value, called intrinsic value, which is Alibaba Group'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 Alibaba Group's market value can be influenced by many factors that don't directly affect Alibaba Group'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 Alibaba Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alibaba Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alibaba Group'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.