Academy Shareholders Equity vs Total Assets Analysis

ASO
 Stock
  

USD 47.63  0.83  1.71%   

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

Shareholders Equity vs Total Assets

Shareholders Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Academy Sports And Shareholders Equity account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Academy Sports' Shareholders Equity and Total Assets is 0.93. Overlapping area represents the amount of variation of Shareholders Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Academy Sports And, assuming nothing else is changed. The correlation between historical values of Academy Sports' Shareholders Equity 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 Shareholders Equity of Academy Sports And 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 Shareholders Equity i.e., Academy Sports' Shareholders Equity and Total Assets go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Assets

Total assets refers to the total amount of Academy Sports 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 Academy Sports And 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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.
Most indicators from Academy Sports fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Academy Sports And 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.Academy Sports Selling General and Administrative Expense is quite stable at the moment as compared to the past year. The company's current value of Selling General and Administrative Expense is estimated at 1.45 Billion. Net Cash Flow Business Acquisitions and Disposals is expected to rise to about 10.1 M this year, although the value of Issuance Purchase of Equity Shares is projected to rise to (80 M).
 2010 2020 2022 (projected)
Cost of Revenue3.4 B4.42 B4.41 B
Consolidated Income120.04 M671.38 M515.87 M

Academy Sports fundamental ratios Correlations

0.95-0.50.96-0.93-0.95-0.930.930.720.86-0.550.99-0.920.99-0.730.97-0.71
0.95-0.751.0-1.0-1.0-1.01.00.450.98-0.790.98-1.00.98-0.911.0-0.45
-0.5-0.75-0.730.780.750.78-0.780.25-0.871.0-0.610.8-0.610.96-0.71-0.25
0.961.0-0.73-1.0-1.0-1.01.00.490.97-0.760.99-0.990.99-0.91.0-0.48
-0.93-1.00.78-1.01.01.0-1.0-0.42-0.990.81-0.971.0-0.970.93-0.990.41
-0.95-1.00.75-1.01.01.0-1.0-0.46-0.980.78-0.981.0-0.980.91-1.00.45
-0.93-1.00.78-1.01.01.0-1.0-0.42-0.990.81-0.971.0-0.970.93-0.990.41
0.931.0-0.781.0-1.0-1.0-1.00.410.99-0.810.97-1.00.97-0.930.99-0.41
0.720.450.250.49-0.42-0.46-0.420.410.260.190.62-0.390.62-0.040.51-1.0
0.860.98-0.870.97-0.99-0.98-0.990.990.26-0.90.92-0.990.92-0.980.96-0.26
-0.55-0.791.0-0.760.810.780.81-0.810.19-0.9-0.650.83-0.650.97-0.74-0.2
0.990.98-0.610.99-0.97-0.98-0.970.970.620.92-0.65-0.961.0-0.810.99-0.61
-0.92-1.00.8-0.991.01.01.0-1.0-0.39-0.990.83-0.96-0.960.94-0.990.38
0.990.98-0.610.99-0.97-0.98-0.970.970.620.92-0.651.0-0.96-0.810.99-0.62
-0.73-0.910.96-0.90.930.910.93-0.93-0.04-0.980.97-0.810.94-0.81-0.880.04
0.971.0-0.711.0-0.99-1.0-0.990.990.510.96-0.740.99-0.990.99-0.88-0.51
-0.71-0.45-0.25-0.480.410.450.41-0.41-1.0-0.26-0.2-0.610.38-0.620.04-0.51
Click cells to compare fundamentals

Academy Sports Account Relationship Matchups

Academy Sports Investors Sentiment

The influence of Academy Sports' 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 Academy. 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 Academy Sports' public news can be used to forecast risks associated with investment in Academy. The trend in average sentiment can be used to explain how an investor holding Academy can time the market purely based on public headlines and social activities around Academy Sports And. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Academy Sports' 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 Academy Sports' 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 Academy Sports' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Academy Sports.

Academy Sports Implied Volatility

    
  53.19  
Academy Sports' implied volatility exposes the market's sentiment of Academy Sports And stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Academy Sports' 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 Academy Sports stock will not fluctuate a lot when Academy Sports' 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 Academy Sports 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, Academy Sports' short interest history, or implied volatility extrapolated from Academy Sports options trading.

Pair Trading with Academy Sports

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

Moving together with Academy Sports

0.84AZOAutozone Fiscal Year End 20th of September 2022 PairCorr
The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports 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 Academy Sports - 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 Academy Sports And to buy it.
The correlation of Academy Sports 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 Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports And 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 Academy Sports 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 Academy Sports And information on this page should be used as a complementary analysis to other Academy Sports' 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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Is Academy Sports' 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 Academy Sports. If investors know Academy 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 Academy Sports 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
-0.082
Market Capitalization
4.1 B
Quarterly Revenue Growth YOY
-0.071
Return On Assets
0.12
Return On Equity
0.45
The market value of Academy Sports And is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine Academy Sports value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.