Advantage Good Will from 2010 to 2024
| ADV Stock | USD 2.98 0.05 1.71% |
Good Will | First Reported 2010-12-31 | Previous Quarter 855.4 M | Current Value 1.4 B | Quarterly Volatility 441.7 M |
Check Advantage Solutions financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Advantage Solutions' main balance sheet or income statement drivers, such as Depreciation And Amortization of 236.7 M, Interest Expense of 175 M or Selling General Administrative of 248.2 M, as well as many indicators such as Price To Sales Ratio of 0.26, Dividend Yield of 0.0 or PTB Ratio of 1.06. Advantage financial statements analysis is a perfect complement when working with Advantage Solutions Valuation or Volatility modules.
Advantage | Good Will |
Latest Advantage Solutions' Good Will Growth Pattern
Below is the plot of the Good Will of Advantage Solutions over the last few years. It is 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. Advantage Solutions' Good Will historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Advantage Solutions' overall financial position and show how it may be relating to other accounts over time.
| Good Will | 10 Years Trend |
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Good Will |
| Timeline |
Advantage Good Will Regression Statistics
| Arithmetic Mean | 1,862,249,373 | |
| Geometric Mean | 1,793,429,900 | |
| Coefficient Of Variation | 23.72 | |
| Mean Deviation | 324,893,136 | |
| Median | 1,996,986,000 | |
| Standard Deviation | 441,665,545 | |
| Sample Variance | 195068.5T | |
| Range | 1.4B | |
| R-Value | (0.54) | |
| Mean Square Error | 148936.3T | |
| R-Squared | 0.29 | |
| Significance | 0.04 | |
| Slope | (53,277,810) | |
| Total Sum of Squares | 2730958.3T |
Advantage Good Will History
About Advantage Solutions Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Advantage Solutions income statement, its balance sheet, and the statement of cash flows. Advantage Solutions investors use historical funamental indicators, such as Advantage Solutions's Good Will, to determine how well the company is positioned to perform in the future. Although Advantage Solutions investors may use each financial statement separately, they are all related. The changes in Advantage Solutions's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Advantage Solutions'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 Advantage Solutions Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Advantage Solutions. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Good Will | 855.4 M | 1.4 B |
Pair Trading with Advantage Solutions
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 Advantage Solutions 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 Advantage Solutions will appreciate offsetting losses from the drop in the long position's value.Moving together with Advantage Stock
| 0.79 | DIS | Walt Disney Financial Report 14th of August 2024 | PairCorr |
Moving against Advantage Stock
| 0.75 | FWONA | Liberty Media Earnings Call This Week | PairCorr |
| 0.73 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.72 | NWSA | News Corp A Fiscal Year End 8th of August 2024 | PairCorr |
| 0.69 | NWS | News Corp B | PairCorr |
| 0.67 | FWONK | Liberty Media Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Advantage Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advantage Solutions 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 Advantage Solutions - 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 Advantage Solutions to buy it.
The correlation of Advantage Solutions 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 Advantage Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advantage Solutions 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 Advantage Solutions 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.Additional Tools for Advantage Stock Analysis
When running Advantage Solutions' price analysis, check to measure Advantage Solutions' 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 Advantage Solutions is operating at the current time. Most of Advantage Solutions' value examination focuses on studying past and present price action to predict the probability of Advantage Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advantage Solutions' price. Additionally, you may evaluate how the addition of Advantage Solutions to your portfolios can decrease your overall portfolio volatility.