Academy Historical Balance Sheet

ASO -  USA Stock  

USD 38.63  1.91  5.20%

Trend analysis of Academy Sports And balance sheet accounts such as Current Assets of 1.6 B, Assets Non Current of 3.1 B or Cash and Equivalents of 454.5 M provides information on Academy Sports' total assets, liabilities, and equity, which is the actual value of Academy Sports And to its prevalent stockholders. By breaking down trends over time using Academy Sports balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down Academy Sports And prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Academy Sports And is a good buy for the upcoming year.
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About Academy Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Academy Sports And at a specified time, usually calculated after every quarter, six months, or one year. Academy Sports Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Academy Sports and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Academy currently owns. An asset can also be divided into two categories, current and non-current.

Academy Sports Balance Sheet Chart

Academy Sports Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Academy Sports And uses and utilizes its capital. It also shows what exactly a company owns and owes.

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.

Current Assets

Current assets of Academy Sports And include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Academy Sports. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

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 Liabilities

Deferred Income Tax is recorded on Academy Sports And balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Academy Sports books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from Academy Sports balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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.
 2010 2020 2022 (projected)
Current Assets1.29 B1.72 B1.65 B
Total Assets4.33 B4.58 B4.72 B

Academy Sports balance sheet 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
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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.

Academy Sports Implied Volatility

    
  111.03  
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.

Current Sentiment - ASO

Academy Sports And Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in Academy Sports And. What is your sentiment towards investing in Academy Sports And? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

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.

Academy Sports Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Academy Stock analysis

When running Academy Sports And price analysis, check to measure Academy Sports' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Academy Sports is operating at the current time. Most of Academy Sports' value examination focuses on studying past and present price action to predict the probability of Academy Sports' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Academy Sports' price. Additionally, you may evaluate how the addition of Academy Sports to your portfolios can decrease your overall portfolio volatility.
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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
3.1 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.