Ashford Total Stockholder Equity vs Other Current Assets Analysis

AHT Stock

USD 1.15 0.02 1.71%

Ashford Hospitality financial indicator trend analysis is way more than just evaluating Ashford Hospitality Trust prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashford Hospitality Trust is a good investment. Please check the relationship between Ashford Hospitality Total Stockholder Equity and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashford Hospitality Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Total Stockholder Equity vs Other Current Assets

Total Stockholder Equity vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashford Hospitality Trust Total Stockholder Equity account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Ashford Hospitality's Total Stockholder Equity and Other Current Assets is 0.43. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Ashford Hospitality Trust, assuming nothing else is changed. The correlation between historical values of Ashford Hospitality's Total Stockholder Equity and Other Current 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 Total Stockholder Equity of Ashford Hospitality Trust are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Stockholder Equity i.e., Ashford Hospitality's Total Stockholder Equity and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Ashford Hospitality's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashford Hospitality Trust 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 Ashford Hospitality Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

At this time, Ashford Hospitality's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 3.8 B in 2024, whereas Discontinued Operations is likely to drop slightly above 26.4 K in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	697.0M	953.2M	1.2B	674.5M
Depreciation And Amortization	218.9M	197.1M	187.8M	170.3M

Cost Of Revenue Depreciation And Amortization

Ashford Hospitality fundamental ratios Correlations

	Total Assets	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Total Liab	Property Plant And Equipment Gross	Short Long Term Debt Total	Other Current Liab	Total Stockholder Equity	Other Liab	Net Debt	Accounts Payable	Cash	Long Term Debt	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Retained Earnings	Non Current Assets Total	Cash And Short Term Investments	Total Current Assets	Total Current Liabilities	Net Receivables
Total Assets		0.45	0.12	-0.07	-0.01	0.93	-0.04	0.92	-0.41	0.28	0.45	0.92	0.94	0.6	0.92	0.08	0.93	0.92	0.02	0.73	-0.31	0.99	0.61	0.75	0.77	0.58
Property Plant And Equipment Net	0.45		-0.18	-0.52	-0.59	0.15	0.25	0.12	-0.57	0.86	0.84	0.13	0.27	0.01	0.13	-0.22	0.13	0.37	0.38	-0.05	0.57	0.45	0.07	0.16	0.18	0.04
Non Currrent Assets Other	0.12	-0.18		0.38	0.67	0.25	-0.24	0.27	0.25	-0.47	-0.33	0.25	0.3	0.27	0.26	0.38	0.27	0.29	-0.52	0.34	-0.59	0.13	0.25	0.26	0.31	0.26
Other Assets	-0.07	-0.52	0.38		0.54	0.12	-0.2	0.14	0.24	-0.71	-0.58	0.17	0.06	-0.16	0.13	-0.11	0.14	-0.05	-0.08	0.19	-0.65	0.0	-0.19	-0.18	0.44	0.03
Common Stock Shares Outstanding	-0.01	-0.59	0.67	0.54		0.19	-0.24	0.23	0.24	-0.7	-0.66	0.18	0.19	0.45	0.21	0.46	0.22	0.16	-0.64	0.47	-0.84	-0.03	0.41	0.37	0.16	0.41
Total Liab	0.93	0.15	0.25	0.12	0.19		-0.23	1.0	-0.27	-0.07	0.13	0.99	0.96	0.67	1.0	0.2	1.0	0.9	-0.14	0.82	-0.55	0.91	0.66	0.75	0.84	0.56
Property Plant And Equipment Gross	-0.04	0.25	-0.24	-0.2	-0.24	-0.23		-0.25	0.17	0.52	0.52	-0.24	-0.2	-0.23	-0.29	-0.09	-0.23	-0.29	0.13	-0.08	0.36	-0.02	-0.26	-0.23	-0.3	0.11
Short Long Term Debt Total	0.92	0.12	0.27	0.14	0.23	1.0	-0.25		-0.26	-0.1	0.1	1.0	0.96	0.68	1.0	0.21	1.0	0.9	-0.16	0.82	-0.58	0.9	0.66	0.76	0.84	0.58
Other Current Liab	-0.41	-0.57	0.25	0.24	0.24	-0.27	0.17	-0.26		-0.39	-0.33	-0.25	-0.35	-0.27	-0.28	0.09	-0.26	-0.46	-0.16	-0.05	-0.21	-0.39	-0.33	-0.37	-0.43	0.01
Total Stockholder Equity	0.28	0.86	-0.47	-0.71	-0.7	-0.07	0.52	-0.1	-0.39		0.94	-0.09	0.05	-0.11	-0.1	-0.25	-0.08	0.13	0.43	-0.16	0.74	0.28	-0.06	0.02	-0.16	0.02
Other Liab	0.45	0.84	-0.33	-0.58	-0.66	0.13	0.52	0.1	-0.33	0.94		0.12	0.25	-0.07	0.09	-0.26	0.11	0.26	0.41	0.02	0.58	0.46	-0.03	0.09	0.04	0.2
Net Debt	0.92	0.13	0.25	0.17	0.18	0.99	-0.24	1.0	-0.25	-0.09	0.12		0.95	0.61	0.99	0.19	1.0	0.89	-0.14	0.79	-0.56	0.91	0.59	0.7	0.85	0.55
Accounts Payable	0.94	0.27	0.3	0.06	0.19	0.96	-0.2	0.96	-0.35	0.05	0.25	0.95		0.69	0.96	0.12	0.96	0.94	-0.08	0.82	-0.5	0.92	0.69	0.78	0.83	0.62
Cash	0.6	0.01	0.27	-0.16	0.45	0.67	-0.23	0.68	-0.27	-0.11	-0.07	0.61	0.69		0.68	0.3	0.68	0.64	-0.29	0.77	-0.55	0.51	0.99	0.95	0.4	0.58
Long Term Debt	0.92	0.13	0.26	0.13	0.21	1.0	-0.29	1.0	-0.28	-0.1	0.09	0.99	0.96	0.68		0.21	1.0	0.91	-0.15	0.81	-0.57	0.89	0.67	0.76	0.84	0.56
Short Term Investments	0.08	-0.22	0.38	-0.11	0.46	0.2	-0.09	0.21	0.09	-0.25	-0.26	0.19	0.12	0.3	0.21		0.21	0.17	-0.97	0.33	-0.33	0.03	0.27	0.3	-0.08	0.29
Non Current Liabilities Total	0.93	0.13	0.27	0.14	0.22	1.0	-0.23	1.0	-0.26	-0.08	0.11	1.0	0.96	0.68	1.0	0.21		0.9	-0.16	0.82	-0.57	0.91	0.66	0.76	0.84	0.57
Inventory	0.92	0.37	0.29	-0.05	0.16	0.9	-0.29	0.9	-0.46	0.13	0.26	0.89	0.94	0.64	0.91	0.17	0.9		-0.11	0.67	-0.37	0.91	0.65	0.77	0.77	0.52
Other Current Assets	0.02	0.38	-0.52	-0.08	-0.64	-0.14	0.13	-0.16	-0.16	0.43	0.41	-0.14	-0.08	-0.29	-0.15	-0.97	-0.16	-0.11		-0.34	0.48	0.06	-0.25	-0.26	0.06	-0.29
Other Stockholder Equity	0.73	-0.05	0.34	0.19	0.47	0.82	-0.08	0.82	-0.05	-0.16	0.02	0.79	0.82	0.77	0.81	0.33	0.82	0.67	-0.34		-0.73	0.68	0.75	0.77	0.61	0.76
Retained Earnings	-0.31	0.57	-0.59	-0.65	-0.84	-0.55	0.36	-0.58	-0.21	0.74	0.58	-0.56	-0.5	-0.55	-0.57	-0.33	-0.57	-0.37	0.48	-0.73		-0.3	-0.52	-0.51	-0.52	-0.52
Non Current Assets Total	0.99	0.45	0.13	0.0	-0.03	0.91	-0.02	0.9	-0.39	0.28	0.46	0.91	0.92	0.51	0.89	0.03	0.91	0.91	0.06	0.68	-0.3		0.51	0.68	0.79	0.55
Cash And Short Term Investments	0.61	0.07	0.25	-0.19	0.41	0.66	-0.26	0.66	-0.33	-0.06	-0.03	0.59	0.69	0.99	0.67	0.27	0.66	0.65	-0.25	0.75	-0.52	0.51		0.96	0.41	0.56
Total Current Assets	0.75	0.16	0.26	-0.18	0.37	0.75	-0.23	0.76	-0.37	0.02	0.09	0.7	0.78	0.95	0.76	0.3	0.76	0.77	-0.26	0.77	-0.51	0.68	0.96		0.49	0.65
Total Current Liabilities	0.77	0.18	0.31	0.44	0.16	0.84	-0.3	0.84	-0.43	-0.16	0.04	0.85	0.83	0.4	0.84	-0.08	0.84	0.77	0.06	0.61	-0.52	0.79	0.41	0.49		0.3
Net Receivables	0.58	0.04	0.26	0.03	0.41	0.56	0.11	0.58	0.01	0.02	0.2	0.55	0.62	0.58	0.56	0.29	0.57	0.52	-0.29	0.76	-0.52	0.55	0.56	0.65	0.3

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Ashford Hospitality Account Relationship Matchups

Ashford Hospitality fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.7B	3.7B	4.1B	3.9B	3.5B	3.2B
Property Plant And Equipment Net	50.0M	45.0M	44.6M	43.9M	44.0M	41.8M
Non Currrent Assets Other	17.9M	23.3M	16.2M	3.2B	3.1B	3.2B
Other Assets	19.2M	3.6B	188.9M	283.6M	3.2B	3.4B
Common Stock Shares Outstanding	998.4K	1.6M	21.8M	34.3M	34.5M	36.2M
Liabilities And Stockholders Equity	4.7B	3.7B	4.1B	3.9B	3.5B	3.2B
Total Liab	4.4B	4.0B	4.1B	4.0B	3.7B	2.6B
Short Long Term Debt Total	4.2B	3.8B	3.9B	3.9B	3.5B	2.7B
Other Current Liab	29.9M	113.1M	20.5M	(43.8M)	14.7M	15.4M
Total Stockholder Equity	268.8M	(283.6M)	(2.7M)	(150.4M)	(261.1M)	(248.1M)
Other Liab	28.0M	7.5M	7.0M	6.3M	5.7M	5.4M
Net Debt	3.9B	3.7B	3.3B	3.5B	3.2B	2.5B
Accounts Payable	134.3M	100.0M	117.7M	116.0M	129.3M	85.6M
Cash	262.6M	92.9M	592.1M	417.1M	311.3M	219.3M
Long Term Debt	4.1B	3.7B	3.9B	3.8B	3.4B	2.6B
Short Term Investments	14.6M	263K	501K	3.1B	13.7M	13.0M
Non Current Liabilities Total	4.2B	3.8B	3.9B	3.9B	3.5B	2.7B
Inventory	4.3M	2.4M	3.3M	3.9M	3.7M	3.0M
Other Current Assets	157.5M	92.8M	112.9M	(3.0B)	(390.9M)	(371.4M)
Other Stockholder Equity	1.8B	1.8B	2.4B	2.4B	2.4B	1.5B
Retained Earnings	(1.6B)	(2.1B)	(2.4B)	(2.5B)	(2.7B)	(2.6B)
Non Current Assets Total	4.2B	3.5B	3.3B	3.3B	3.0B	3.1B
Cash And Short Term Investments	277.2M	92.9M	592.1M	417.1M	311.3M	239.5M
Total Current Assets	506.8M	233.4M	789.2M	663.3M	414.7M	478.2M
Total Current Liabilities	164.3M	213.1M	138.1M	135.7M	194.9M	160.9M
Net Receivables	67.7M	45.2M	80.8M	84.4M	75.9M	66.8M
Common Stock Total Equity	1.0M	1.0M	644K	345K	396.8K	376.9K
Common Stock	1.0M	1.0M	644K	345K	374K	694.3K
Current Deferred Revenue	(3.3B)	(2.9B)	(3.3B)	(3.0B)	(2.7B)	(2.6B)
Short Term Debt	3.3B	2.9B	3.3B	63.5M	3.1B	3.2B
Noncontrolling Interest In Consolidated Entity	646K	616K	504K	166K	190.9K	181.4K
Retained Earnings Total Equity	(1.6B)	(2.1B)	(2.4B)	(2.5B)	(2.3B)	(2.2B)
Deferred Long Term Liab	2.9M	1.9M	5.0M	2.7M	3.1M	2.5M

Pair Trading with Ashford Hospitality

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 Ashford Hospitality 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 Ashford Hospitality will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ashford Stock

0.76	FR	First Industrial Realty	Pair Corr
0.63	PK	Park Hotels Resorts Potential Growth	Pair Corr

Moving against Ashford Stock

0.63	EPRT	Essential Properties	Pair Corr
0.59	WELL	Welltower	Pair Corr
0.56	ELME	Elme Communities	Pair Corr
0.53	HR	Healthcare Realty Trust	Pair Corr

The ability to find closely correlated positions to Ashford Hospitality could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashford Hospitality 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 Ashford Hospitality - 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 Ashford Hospitality Trust to buy it.

The correlation of Ashford Hospitality 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 Ashford Hospitality moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashford Hospitality Trust 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 Ashford Hospitality 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 Correlation Correlation Matching

Additional Tools for Ashford Stock Analysis

When running Ashford Hospitality's price analysis, check to measure Ashford Hospitality's 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 Ashford Hospitality is operating at the current time. Most of Ashford Hospitality's value examination focuses on studying past and present price action to predict the probability of Ashford Hospitality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashford Hospitality's price. Additionally, you may evaluate how the addition of Ashford Hospitality to your portfolios can decrease your overall portfolio volatility.

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