Apogee Total Stockholder Equity vs Net Working Capital Analysis
APOG Stock | USD 67.06 0.58 0.87% |
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 Total Stockholder Equity 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.
Total Stockholder Equity vs Net Working Capital
Total Stockholder Equity 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 Total Stockholder Equity account and Net Working Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between Apogee Enterprises' Total Stockholder Equity and Net Working Capital is 0.28. Overlapping area represents the amount of variation of Total Stockholder Equity 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' Total Stockholder Equity 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 Total Stockholder Equity 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 Total Stockholder Equity i.e., Apogee Enterprises' Total Stockholder Equity and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.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 |
Apogee Enterprises fundamental ratios Correlations
Click cells to compare fundamentals
Apogee Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | PairCorr |
0.93 | TT | Trane Technologies plc | PairCorr |
0.92 | DOOR | Masonite International | PairCorr |
0.61 | VKSC | Viskase Companies | PairCorr |
Moving against Apogee Stock
0.8 | AGRI | AgriFORCE Growing Systems | PairCorr |
0.66 | JBI | Janus International | PairCorr |
0.57 | FBIN | Fortune Brands Innov | PairCorr |
0.48 | ROCK | Gibraltar Industries | PairCorr |
0.47 | MAS | Masco | PairCorr |
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.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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
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.