Apogee Intangible Assets vs Net Working Capital Analysis

APOG Stock

USD 66.48 0.48 0.73%

Apogee Enterprises financial indicator trend analysis is way more than just evaluating Apogee Enterprises prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apogee Enterprises is a good investment. Please check the relationship between Apogee Enterprises Intangible Assets and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apogee Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Apogee Stock please use our How to Invest in Apogee Enterprises guide.

Intangible Assets vs Net Working Capital

Intangible Assets vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apogee Enterprises Intangible Assets account and Net Working Capital. At this time, the significance of the direction appears to have weak relationship.

The correlation between Apogee Enterprises' Intangible Assets and Net Working Capital is 0.32. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Apogee Enterprises, assuming nothing else is changed. The correlation between historical values of Apogee Enterprises' Intangible Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Apogee Enterprises are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Intangible Assets i.e., Apogee Enterprises' Intangible Assets and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Working Capital

Most indicators from Apogee Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apogee Enterprises 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 Apogee Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Apogee Stock please use our How to Invest in Apogee Enterprises guide.At this time, Apogee Enterprises' Enterprise Value Multiple is most likely to drop in the upcoming years. The Apogee Enterprises' current Enterprise Value is estimated to increase to about 1.2 B, while Selling General Administrative is projected to decrease to roughly 136.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	274.2M	335.3M	392.5M	412.2M
Total Revenue	1.3B	1.4B	1.4B	910.8M

Gross Profit Total Revenue

Apogee Enterprises fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.85	0.52	0.94	0.92	0.99	0.78	0.92	0.28	0.99	0.56	0.03	0.84	-0.13	0.91	0.94	0.5	0.89	0.96	0.44	0.95	0.19	0.86	0.83	0.37	0.32
Short Long Term Debt Total	0.85		0.57	0.77	0.61	0.77	0.99	0.64	-0.06	0.87	0.72	-0.26	0.6	-0.29	0.98	0.83	0.54	0.57	0.94	0.47	0.72	0.03	0.83	0.76	-0.03	-0.03
Other Current Liab	0.52	0.57		0.61	0.27	0.45	0.49	0.23	0.44	0.48	0.62	0.23	0.29	-0.55	0.63	0.46	0.69	0.39	0.65	0.61	0.56	-0.68	0.18	0.65	-0.12	-0.18
Total Current Liabilities	0.94	0.77	0.61		0.84	0.92	0.71	0.82	0.28	0.9	0.48	0.03	0.89	-0.37	0.82	0.94	0.55	0.9	0.92	0.68	0.96	0.13	0.7	0.94	0.33	0.24
Total Stockholder Equity	0.92	0.61	0.27	0.84		0.96	0.53	0.99	0.37	0.9	0.37	0.18	0.86	0.13	0.69	0.83	0.25	0.94	0.77	0.23	0.91	0.37	0.79	0.65	0.62	0.56
Property Plant And Equipment Net	0.99	0.77	0.45	0.92	0.96		0.7	0.96	0.32	0.98	0.51	0.08	0.87	-0.06	0.84	0.91	0.39	0.91	0.9	0.39	0.95	0.24	0.85	0.78	0.48	0.41
Net Debt	0.78	0.99	0.49	0.71	0.53	0.7		0.57	-0.23	0.81	0.71	-0.41	0.55	-0.29	0.93	0.78	0.46	0.48	0.89	0.45	0.63	0.1	0.82	0.71	-0.1	-0.09
Retained Earnings	0.92	0.64	0.23	0.82	0.99	0.96	0.57		0.3	0.91	0.41	0.08	0.84	0.12	0.7	0.83	0.21	0.88	0.77	0.2	0.88	0.42	0.86	0.65	0.56	0.49
Cash	0.28	-0.06	0.44	0.28	0.37	0.32	-0.23	0.3		0.22	-0.07	0.88	0.19	0.07	0.12	0.15	0.34	0.44	0.18	0.07	0.42	-0.41	-0.05	0.2	0.42	0.37
Non Current Assets Total	0.99	0.87	0.48	0.9	0.9	0.98	0.81	0.91	0.22		0.58	-0.03	0.79	-0.09	0.93	0.93	0.49	0.84	0.96	0.39	0.9	0.22	0.91	0.81	0.31	0.28
Non Currrent Assets Other	0.56	0.72	0.62	0.48	0.37	0.51	0.71	0.41	-0.07	0.58		-0.18	0.26	-0.08	0.69	0.48	0.25	0.32	0.64	0.18	0.49	-0.23	0.52	0.43	-0.02	0.0
Cash And Short Term Investments	0.03	-0.26	0.23	0.03	0.18	0.08	-0.41	0.08	0.88	-0.03	-0.18		-0.04	0.16	-0.13	-0.16	0.12	0.24	-0.08	-0.07	0.21	-0.38	-0.27	-0.14	0.45	0.41
Net Receivables	0.84	0.6	0.29	0.89	0.86	0.87	0.55	0.84	0.19	0.79	0.26	-0.04		-0.18	0.62	0.88	0.25	0.91	0.75	0.53	0.9	0.36	0.64	0.78	0.53	0.43
Common Stock Shares Outstanding	-0.13	-0.29	-0.55	-0.37	0.13	-0.06	-0.29	0.12	0.07	-0.09	-0.08	0.16	-0.18		-0.24	-0.23	-0.45	-0.01	-0.3	-0.86	-0.18	0.3	0.06	-0.52	0.33	0.45
Non Current Liabilities Total	0.91	0.98	0.63	0.82	0.69	0.84	0.93	0.7	0.12	0.93	0.69	-0.13	0.62	-0.24		0.86	0.64	0.66	0.98	0.45	0.79	-0.01	0.84	0.8	0.04	0.05
Inventory	0.94	0.83	0.46	0.94	0.83	0.91	0.78	0.83	0.15	0.93	0.48	-0.16	0.88	-0.23	0.86		0.51	0.84	0.93	0.56	0.9	0.29	0.82	0.92	0.28	0.24
Other Current Assets	0.5	0.54	0.69	0.55	0.25	0.39	0.46	0.21	0.34	0.49	0.25	0.12	0.25	-0.45	0.64	0.51		0.41	0.64	0.5	0.46	-0.33	0.3	0.66	-0.28	-0.23
Other Stockholder Equity	0.89	0.57	0.39	0.9	0.94	0.91	0.48	0.88	0.44	0.84	0.32	0.24	0.91	-0.01	0.66	0.84	0.41		0.77	0.41	0.96	0.25	0.63	0.73	0.61	0.56
Total Liab	0.96	0.94	0.65	0.92	0.77	0.9	0.89	0.77	0.18	0.96	0.64	-0.08	0.75	-0.3	0.98	0.93	0.64	0.77		0.55	0.89	0.04	0.83	0.89	0.15	0.12
Property Plant And Equipment Gross	0.44	0.47	0.61	0.68	0.23	0.39	0.45	0.2	0.07	0.39	0.18	-0.07	0.53	-0.86	0.45	0.56	0.5	0.41	0.55		0.53	-0.13	0.16	0.77	0.04	-0.07
Total Current Assets	0.95	0.72	0.56	0.96	0.91	0.95	0.63	0.88	0.42	0.9	0.49	0.21	0.9	-0.18	0.79	0.9	0.46	0.96	0.89	0.53		0.12	0.69	0.83	0.5	0.43
Short Term Debt	0.19	0.03	-0.68	0.13	0.37	0.24	0.1	0.42	-0.41	0.22	-0.23	-0.38	0.36	0.3	-0.01	0.29	-0.33	0.25	0.04	-0.13	0.12		0.44	0.05	0.32	0.34
Intangible Assets	0.86	0.83	0.18	0.7	0.79	0.85	0.82	0.86	-0.05	0.91	0.52	-0.27	0.64	0.06	0.84	0.82	0.3	0.63	0.83	0.16	0.69	0.44		0.62	0.22	0.23
Accounts Payable	0.83	0.76	0.65	0.94	0.65	0.78	0.71	0.65	0.2	0.81	0.43	-0.14	0.78	-0.52	0.8	0.92	0.66	0.73	0.89	0.77	0.83	0.05	0.62		0.08	0.0
Common Stock Total Equity	0.37	-0.03	-0.12	0.33	0.62	0.48	-0.1	0.56	0.42	0.31	-0.02	0.45	0.53	0.33	0.04	0.28	-0.28	0.61	0.15	0.04	0.5	0.32	0.22	0.08		0.97
Common Stock	0.32	-0.03	-0.18	0.24	0.56	0.41	-0.09	0.49	0.37	0.28	0.0	0.41	0.43	0.45	0.05	0.24	-0.23	0.56	0.12	-0.07	0.43	0.34	0.23	0.0	0.97

Click cells to compare fundamentals

Apogee Enterprises Account Relationship Matchups

Pair Trading with Apogee Enterprises

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 Apogee Enterprises 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 Apogee Enterprises will appreciate offsetting losses from the drop in the long position's value.

Moving together with Apogee Stock

0.83	OC	Owens Corning	Pair Corr
0.93	TT	Trane Technologies plc	Pair Corr
0.92	DOOR	Masonite International	Pair Corr

Moving against Apogee Stock

0.57	FBIN	Fortune Brands Innov	Pair Corr
0.56	JBI	Janus International	Pair Corr
0.45	MAS	Masco	Pair Corr

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

The correlation of Apogee Enterprises 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 Apogee Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apogee Enterprises 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 Apogee Enterprises 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

When determining whether Apogee Enterprises is a strong investment it is important to analyze Apogee Enterprises' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apogee Enterprises' future performance. For an informed investment choice regarding Apogee Stock, refer to the following important reports:

How To Invest In Apogee

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Is Apogee Stock a good investment?

Details

What is Apogee Enterprises' Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apogee Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Apogee Stock please use our How to Invest in Apogee Enterprises guide.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Apogee Stock analysis

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

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Is Apogee Enterprises' 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 Apogee Enterprises. If investors know Apogee 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 Apogee Enterprises 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

(0.21)

Dividend Share

0.97

Earnings Share

4.51

Revenue Per Share

64.786

Quarterly Revenue Growth

0.052

The market value of Apogee Enterprises is measured differently than its book value, which is the value of Apogee that is recorded on the company's balance sheet. Investors also form their own opinion of Apogee Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Apogee Enterprises' 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 Apogee Enterprises' market value can be influenced by many factors that don't directly affect Apogee Enterprises' 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 Apogee Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Apogee Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apogee Enterprises' 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.

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Apogee Intangible Assets vs Net Working Capital Analysis

Intangible Assets vs Net Working Capital

Intangible Assets vs Net Working Capital Correlation Analysis

Correlation Coefficient

Intangible Assets

Net Working Capital

Apogee Enterprises fundamental ratios Correlations

Apogee Enterprises Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Apogee Enterprises

Moving together with Apogee Stock

Moving against Apogee Stock

Complementary Tools for Apogee Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net

Property Plant And Equipment Gross	- 0.86	Common Stock Shares Outstanding
Short Term Debt	- 0.68	Other Current Liab
Common Stock Shares Outstanding	- 0.55	Other Current Liab
Accounts Payable	- 0.52	Common Stock Shares Outstanding
Other Current Assets	- 0.45	Common Stock Shares Outstanding
Short Term Debt	- 0.41	Cash