Agilent Goodwill and Intangible Assets vs Inventory Analysis

A
 Stock
  

USD 133.55  1.60  1.21%   

Agilent Technologies financial indicator trend analysis is way more than just evaluating Agilent Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agilent Technologies is a good investment. Please check the relationship between Agilent Technologies Goodwill and Intangible Assets and its Inventory accounts. Please continue to Trending Equities.

Goodwill and Intangible Assets vs Inventory

Goodwill and Intangible Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agilent Technologies Goodwill and Intangible Assets account and Inventory. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Agilent Technologies' Goodwill and Intangible Assets and Inventory is 0.11. Overlapping area represents the amount of variation of Goodwill and Intangible Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Agilent Technologies, assuming nothing else is changed. The correlation between historical values of Agilent Technologies' Goodwill and Intangible Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Goodwill and Intangible Assets of Agilent Technologies are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Goodwill and Intangible Assets i.e., Agilent Technologies' Goodwill and Intangible Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.11
Relationship DirectionPositive 
Relationship StrengthInsignificant

Goodwill and Intangible Assets

A component of Total Assets representing the carrying amounts of all intangible assets and goodwill as of the balance sheet date; net of accumulated amortization and impairment charges.

Inventory

A component of Total Assets representing the amount after valuation and reserves of inventory expected to be sold; or consumed within one year or operating cycle; if longer.
Most indicators from Agilent Technologies fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agilent Technologies 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. Please continue to Trending Equities.The current year Net Loss Income from Discontinued Operations is expected to grow to about 45.9 M, whereas Selling General and Administrative Expense is forecasted to decline to about 1.3 B.
 2019 2021 2022 (projected)
Consolidated Income719 M647.1 M639.57 M
Direct Expenses2.5 B3.35 B3.28 B

Agilent Technologies fundamental ratios Correlations

0.640.820.770.360.62-0.120.35-0.320.450.470.610.450.540.280.280.80.480.840.410.440.44
0.640.710.63-0.080.77-0.510.51-0.310.480.560.450.660.320.50.50.680.530.630.340.320.76
0.820.710.530.320.51-0.040.29-0.320.290.490.240.330.480.360.360.650.530.590.520.410.61
0.770.630.530.520.410.020.54-0.030.50.580.910.250.650.00.00.970.750.910.590.60.21
0.36-0.080.320.52-0.460.81-0.020.020.040.160.44-0.630.47-0.37-0.370.520.390.490.520.37-0.43
0.620.770.510.41-0.46-0.80.47-0.230.420.40.310.970.170.570.570.430.310.410.060.180.82
-0.12-0.51-0.040.020.81-0.8-0.10.12-0.060.050.01-0.860.35-0.4-0.40.020.06-0.010.420.31-0.55
0.350.510.290.54-0.020.47-0.1-0.080.840.890.440.470.770.430.430.550.570.410.680.80.6
-0.32-0.31-0.32-0.030.02-0.230.12-0.08-0.37-0.110.01-0.13-0.03-0.75-0.75-0.050.26-0.250.10.1-0.31
0.450.480.290.50.040.42-0.060.84-0.370.830.440.40.720.530.530.490.190.590.520.680.52
0.470.560.490.580.160.40.050.89-0.110.830.410.360.910.320.320.630.550.540.870.920.63
0.610.450.240.910.440.310.010.440.010.440.410.210.49-0.06-0.060.790.550.780.390.480.02
0.450.660.330.25-0.630.97-0.860.47-0.130.40.360.210.110.520.520.260.20.25-0.010.150.8
0.540.320.480.650.470.170.350.77-0.030.720.910.490.110.070.070.690.610.590.940.970.35
0.280.50.360.0-0.370.57-0.40.43-0.750.530.32-0.060.520.071.00.03-0.10.12-0.040.050.71
0.280.50.360.0-0.370.57-0.40.43-0.750.530.32-0.060.520.071.00.03-0.10.12-0.040.050.71
0.80.680.650.970.520.430.020.55-0.050.490.630.790.260.690.030.030.80.910.660.630.3
0.480.530.530.750.390.310.060.570.260.190.550.550.20.61-0.1-0.10.80.480.710.630.3
0.840.630.590.910.490.41-0.010.41-0.250.590.540.780.250.590.120.120.910.480.470.480.23
0.410.340.520.590.520.060.420.680.10.520.870.39-0.010.94-0.04-0.040.660.710.470.940.34
0.440.320.410.60.370.180.310.80.10.680.920.480.150.970.050.050.630.630.480.940.39
0.440.760.610.21-0.430.82-0.550.6-0.310.520.630.020.80.350.710.710.30.30.230.340.39
Click cells to compare fundamentals

Agilent Technologies Account Relationship Matchups

Agilent Technologies fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories638 M679 M720 M830 M954.5 M950.18 M
Receivables776 M930 M1.04 B1.17 B1.05 B920.46 M
Accounts Payable305 M340 M354 M446 M512.9 M495.45 M
Accumulated Other Comprehensive Income(346 M)(408 M)(514 M)(522 M)(469.8 M)(482.16 M)
Total Assets8.43 B8.54 B9.45 B9.63 B8.66 B8.45 B
Current Assets4.17 B3.85 B3.19 B3.42 B3.07 B3.41 B
Assets Non Current4.26 B4.69 B6.26 B6.21 B7.14 B6.64 B
Cash and Equivalents2.68 B2.25 B1.38 B1.44 B1.3 B1.65 B
Cash and Equivalents USD2.68 B2.25 B1.38 B1.44 B1.3 B1.65 B
Total Debt2.01 B1.8 B2.41 B2.36 B2.12 B2 B
Debt Non Current1.8 B1.8 B1.79 B2.28 B2.06 B1.91 B
Total Debt USD2.01 B1.8 B2.41 B2.36 B2.12 B2 B
Deferred Revenue291 M324 M336 M386 M347.4 M324.82 M
Shareholders Equity4.83 B4.57 B4.75 B4.87 B4.39 B4.31 B
Shareholders Equity USD4.83 B4.57 B4.75 B4.87 B4.39 B4.31 B
Goodwill and Intangible Assets2.97 B3.46 B4.7 B4.43 B5.1 B4.68 B
Inventory575 M638 M679 M720 M648 M645.81 M
Investments138 M68 M102 M158 M181.7 M162.09 M
Investments Non Current138 M68 M102 M158 M181.7 M162.09 M
Total Liabilities3.59 B3.97 B4.7 B4.75 B4.28 B4.14 B
Current Liabilities1.26 B1.17 B2.08 B1.47 B1.32 B1.32 B
Liabilities Non Current2.33 B2.8 B2.62 B3.29 B2.96 B2.82 B
Trade and Non Trade Payables257 M305 M340 M354 M318.6 M317.41 M
Property Plant and Equipment Net757 M822 M850 M845 M760.5 M756.14 M
Trade and Non Trade Receivables724 M776 M930 M1.04 B1.19 B1.09 B
Accumulated Retained Earnings Deficit(126 M)(336 M)(18 M)81 M72.9 M74.82 M

Agilent Technologies Investors Sentiment

The influence of Agilent Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Agilent. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Agilent Technologies' public news can be used to forecast risks associated with investment in Agilent. The trend in average sentiment can be used to explain how an investor holding Agilent can time the market purely based on public headlines and social activities around Agilent Technologies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Agilent Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Agilent Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Agilent Technologies' news discussions. The higher the estimate score, the more favorable is the investor's outlook on Agilent Technologies.

Agilent Technologies Implied Volatility

    
  34.17  
Agilent Technologies' implied volatility exposes the market's sentiment of Agilent Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Agilent Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Agilent Technologies stock will not fluctuate a lot when Agilent Technologies' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Agilent Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Agilent Technologies' short interest history, or implied volatility extrapolated from Agilent Technologies options trading.

Pair Trading with Agilent Technologies

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

Moving against Agilent Technologies

0.59GTHGenetron Holdings Earnings Call  Next WeekPairCorr
0.56COHRCoherent Fiscal Year End 8th of November 2022 PairCorr
The ability to find closely correlated positions to Agilent Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agilent Technologies 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 Agilent Technologies - 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 Agilent Technologies to buy it.
The correlation of Agilent Technologies 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 Agilent Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agilent Technologies 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 Agilent Technologies 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 Trending Equities. Note that the Agilent Technologies information on this page should be used as a complementary analysis to other Agilent Technologies' 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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Is Agilent Technologies' 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 Agilent Technologies. If investors know Agilent 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 Agilent Technologies 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
0.3
Market Capitalization
39.9 B
Quarterly Revenue Growth YOY
0.054
Return On Assets
0.0908
Return On Equity
0.25
The market value of Agilent Technologies is measured differently than its book value, which is the value of Agilent that is recorded on the company's balance sheet. Investors also form their own opinion of Agilent Technologies' value that differs from its market value or its book value, called intrinsic value, which is Agilent Technologies' 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 Agilent Technologies' market value can be influenced by many factors that don't directly affect Agilent Technologies' 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 Agilent Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Agilent Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agilent Technologies' 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.