AGCO Good Will vs Current Deferred Revenue Analysis
AGCO Stock | USD 99.84 0.67 0.67% |
AGCO financial indicator trend analysis is way more than just evaluating AGCO prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AGCO is a good investment. Please check the relationship between AGCO Good Will and its Current Deferred Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AGCO Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Good Will vs Current Deferred Revenue
Good Will vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AGCO Good Will account and Current Deferred Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between AGCO's Good Will and Current Deferred Revenue is 0.22. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of AGCO Corporation, assuming nothing else is changed. The correlation between historical values of AGCO's Good Will and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of AGCO Corporation are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Good Will i.e., AGCO's Good Will and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Good Will
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.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from AGCO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AGCO 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. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AGCO Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, AGCO's Tax Provision is very stable compared to the past year. As of the 31st of October 2024, Enterprise Value Over EBITDA is likely to grow to 8.42, while Selling General Administrative is likely to drop about 719.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6B | 3.0B | 3.8B | 4.0B | Total Revenue | 11.1B | 12.7B | 14.4B | 15.1B |
AGCO fundamental ratios Correlations
Click cells to compare fundamentals
AGCO Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AGCO fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.8B | 8.5B | 9.2B | 10.1B | 11.4B | 12.0B | |
Short Long Term Debt Total | 1.5B | 1.7B | 1.6B | 1.6B | 1.5B | 1.1B | |
Other Current Liab | 162.1M | 231.3M | 221.2M | 2.5B | 2.7B | 2.9B | |
Total Current Liabilities | 2.9B | 3.4B | 3.5B | 4.1B | 4.3B | 4.6B | |
Total Stockholder Equity | 2.9B | 3.0B | 3.4B | 3.9B | 4.7B | 4.9B | |
Property Plant And Equipment Net | 1.6B | 1.7B | 1.6B | 1.8B | 2.1B | 2.2B | |
Net Debt | 1.1B | 623.2M | 730.5M | 796.7M | 937M | 691.1M | |
Retained Earnings | 4.4B | 4.8B | 5.2B | 5.7B | 6.4B | 6.7B | |
Accounts Payable | 914.8M | 855.1M | 1.1B | 1.4B | 1.2B | 696.8M | |
Cash | 432.8M | 1.1B | 889.1M | 789.5M | 595.5M | 415.7M | |
Non Current Assets Total | 4.0B | 4.1B | 4.2B | 4.4B | 5.1B | 2.6B | |
Non Currrent Assets Other | 153M | 179.8M | 293.3M | 268.7M | 326.5M | 342.8M | |
Cash And Short Term Investments | 432.8M | 1.1B | 889.1M | 789.5M | 595.5M | 415.7M | |
Net Receivables | 800.5M | 856M | 991.5M | 1.2B | 1.6B | 905.1M | |
Common Stock Shares Outstanding | 77M | 75.6M | 75.7M | 74.9M | 86.1M | 83.7M | |
Liabilities And Stockholders Equity | 7.8B | 8.5B | 9.2B | 10.1B | 11.4B | 12.0B | |
Non Current Liabilities Total | 2.0B | 2.1B | 2.3B | 2.1B | 2.4B | 1.4B | |
Inventory | 2.1B | 2.0B | 2.6B | 3.2B | 3.4B | 3.6B | |
Other Current Assets | 417.1M | 418.9M | 539.8M | 538.8M | 699.3M | 734.3M | |
Other Stockholder Equity | 4.7M | 30.9M | 3.9M | 30.2M | 4.1M | 3.9M | |
Total Liab | 4.9B | 5.5B | 5.7B | 6.2B | 6.8B | 7.1B | |
Property Plant And Equipment Gross | 1.6B | 1.7B | 1.6B | 1.8B | 4.8B | 5.0B | |
Total Current Assets | 3.7B | 4.4B | 5.0B | 5.7B | 6.3B | 6.7B | |
Accumulated Other Comprehensive Income | (1.6B) | (1.8B) | (1.8B) | (1.8B) | (1.7B) | (1.6B) | |
Good Will | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 863.2M | |
Short Term Debt | 153.4M | 359.7M | 92.9M | 196M | 15.5M | 14.7M | |
Intangible Assets | 501.7M | 455.6M | 392.2M | 364.4M | 308.8M | 444.7M | |
Other Liab | 615.8M | 740.8M | 757M | 737.5M | 848.1M | 447.8M | |
Other Assets | 246.8M | 867M | 462.6M | 482.1M | 554.4M | 582.1M | |
Long Term Debt | 1.2B | 1.3B | 1.4B | 1.3B | 1.4B | 1.1B | |
Property Plant Equipment | 1.4B | 1.5B | 1.6B | 1.6B | 1.8B | 1.2B | |
Current Deferred Revenue | 1.7B | 1.9B | 2.1B | 401.2M | 461.4M | 438.3M | |
Net Tangible Assets | 1.1B | 1.2B | 1.7B | 2.2B | 2.0B | 1.1B | |
Noncontrolling Interest In Consolidated Entity | 53.2M | 38M | 27.9M | 200K | 230K | 218.5K | |
Retained Earnings Total Equity | 4.4B | 4.8B | 5.2B | 5.7B | 6.5B | 4.3B | |
Long Term Debt Total | 1.2B | 1.3B | 1.4B | 1.3B | 1.5B | 1.3B |
Pair Trading with AGCO
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 AGCO 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 AGCO will appreciate offsetting losses from the drop in the long position's value.Moving together with AGCO Stock
0.85 | DE | Deere Company Fiscal Year End 27th of November 2024 | PairCorr |
0.86 | MNTX | Manitex International | PairCorr |
Moving against AGCO Stock
0.74 | NKLA | Nikola Corp | PairCorr |
0.64 | AGFY | Agrify Corp Report 26th of November 2024 | PairCorr |
0.45 | WNC | Wabash National | PairCorr |
0.44 | TWI | Titan International | PairCorr |
0.38 | SHYF | Shyft Group | PairCorr |
The ability to find closely correlated positions to AGCO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGCO 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 AGCO - 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 AGCO Corporation to buy it.
The correlation of AGCO 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 AGCO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AGCO 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 AGCO 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AGCO Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Agricultural & Farm Machinery space 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 AGCO. If investors know AGCO 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 AGCO 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 (0.27) | Dividend Share 1.16 | Earnings Share 5.6 | Revenue Per Share 179.926 | Quarterly Revenue Growth (0.15) |
The market value of AGCO is measured differently than its book value, which is the value of AGCO that is recorded on the company's balance sheet. Investors also form their own opinion of AGCO's value that differs from its market value or its book value, called intrinsic value, which is AGCO'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 AGCO's market value can be influenced by many factors that don't directly affect AGCO'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 AGCO's value and its price as these two are different measures arrived at by different means. Investors typically determine if AGCO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AGCO'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.