Abbvie Interest Coverage Trend from 2010 to 2022

ABBV
 Stock
  

USD 142.74  1.45  1.03%   

Abbvie Interest Coverage yearly trend continues to be fairly stable with very little volatility. Interest Coverage is likely to outpace its year average in 2022. During the period from 2010 to 2022, Abbvie Interest Coverage regression line of quarterly data had mean square error of 24,736 and geometric mean of  19.28. Abbvie Direct Expenses is fairly stable at the moment as compared to the past year. Abbvie reported Direct Expenses of 17.45 Billion in 2021. Cost of Revenue is likely to climb to about 18.8 B in 2022, whereas Earning Before Interest and Taxes EBIT is likely to drop slightly above 12.3 B in 2022.
  
Check Abbvie financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Abbvie main balance sheet or income statement drivers, such as Direct Expenses of 18.8 B, Consolidated Income of 9.3 B or Cost of Revenue of 18.8 B, as well as many exotic indicators such as Interest Coverage of 7.71, Long Term Debt to Equity of 4.56 or Calculated Tax Rate of 11.91. Abbvie financial statements analysis is a perfect complement when working with Abbvie Valuation or Volatility modules. It can also supplement Abbvie's financial leverage analysis and stock options assessment as well as various Abbvie Technical models . Please continue to the analysis of Abbvie Correlation against competitors.

Abbvie Interest Coverage Breakdown

Showing smoothed Interest Coverage of Abbvie Inc with missing and latest data points interpolated. Abbvie's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Abbvie's overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Decreasing
Slightly volatile
   Interest Coverage   
Share
       Timeline  

Abbvie Interest Coverage Regression Statistics

Arithmetic Mean 96.33
Geometric Mean 19.28
Coefficient Of Variation 209.50
Mean Deviation 137.94
Median 9.55
Standard Deviation 201.80
Sample Variance 40,725
Range 611.24
R-Value(0.67)
Mean Square Error 24,736
R-Squared 0.44
Significance 0.012994
Slope(34.50)
Total Sum of Squares 488,702

Abbvie Interest Coverage History

2012 69.25
2013 20.37
2014 8.72
2015 10.99
2016 9.72
2017 9.55
2018 5.58
2019 8.6
2020 4.98
2021 7.52
2022 7.71

About Abbvie Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Abbvie income statement, its balance sheet, and the statement of cash flows. Abbvie investors use historical funamental indicators, such as Abbvie's Interest Coverage, to determine how well the company is positioned to perform in the future. Although Abbvie investors may use each financial statement separately, they are all related. The changes in Abbvie's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Abbvie's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Abbvie Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Abbvie. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Interest Coverage 7.52  7.71 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA23.9 B25.8 B

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Our tools can tell you how much better you can do entering a position in Abbvie without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Abbvie

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 Abbvie 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 Abbvie will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Abbvie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abbvie 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 Abbvie - 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 Abbvie Inc to buy it.
The correlation of Abbvie is a statistical measure of how it moves in relation to other equities. 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 Abbvie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abbvie 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 Abbvie 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
Please continue to the analysis of Abbvie Correlation against competitors. Note that the Abbvie Inc information on this page should be used as a complementary analysis to other Abbvie'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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Is Abbvie'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 Abbvie. If investors know Abbvie 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 Abbvie 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 YOY
0.21
Market Capitalization
249.8 B
Quarterly Revenue Growth YOY
0.045
Return On Assets
0.0814
Return On Equity
0.93
The market value of Abbvie Inc is measured differently than its book value, which is the value of Abbvie that is recorded on the company's balance sheet. Investors also form their own opinion of Abbvie's value that differs from its market value or its book value, called intrinsic value, which is Abbvie'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 Abbvie's market value can be influenced by many factors that don't directly affect Abbvie'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 Abbvie's value and its price as these two are different measures arrived at by different means. Investors typically determine Abbvie value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abbvie'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.