Celanese Accounts Payable vs Net Tangible Assets Analysis
CE Stock | USD 158.58 1.13 0.71% |
Celanese financial indicator trend analysis is way more than just evaluating Celanese prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celanese is a good investment. Please check the relationship between Celanese Accounts Payable and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.
Accounts Payable vs Net Tangible Assets
Accounts Payable vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Celanese Accounts Payable account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Celanese's Accounts Payable and Net Tangible Assets is 0.77. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Celanese, assuming nothing else is changed. The correlation between historical values of Celanese's Accounts Payable and Net Tangible 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 Accounts Payable of Celanese are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Accounts Payable i.e., Celanese's Accounts Payable and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Celanese obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Celanese are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Celanese's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Celanese 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 Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.At present, Celanese's Enterprise Value Multiple is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 30.7 B, whereas Discontinued Operations is forecasted to decline to (7.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.7B | 2.4B | 2.4B | 1.7B | Total Revenue | 8.5B | 9.7B | 10.9B | 6.9B |
Celanese fundamental ratios Correlations
Click cells to compare fundamentals
Celanese Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Celanese fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.5B | 10.9B | 12.0B | 26.3B | 26.6B | 27.9B | |
Total Stockholder Equity | 2.5B | 3.5B | 4.2B | 5.6B | 7.1B | 7.4B | |
Other Assets | 434M | 1.2B | 769M | 1.4B | 1.2B | 974.8M | |
Common Stock Shares Outstanding | 124.7M | 118.5M | 112.1M | 109.2M | 109.4M | 145.0M | |
Liabilities And Stockholders Equity | 9.5B | 10.9B | 12.0B | 26.3B | 26.6B | 27.9B | |
Other Stockholder Equity | (3.6B) | (4.2B) | (5.2B) | (5.1B) | (5.1B) | (4.8B) | |
Total Liab | 6.6B | 7.0B | 7.4B | 20.2B | 19.0B | 20.0B | |
Short Long Term Debt Total | 4.1B | 3.9B | 4.2B | 15.0B | 14.1B | 14.8B | |
Other Current Liab | 461M | 680M | 473M | 436M | 1.1B | 1.1B | |
Total Current Liabilities | 1.8B | 2.0B | 2.5B | 4.1B | 4.1B | 2.1B | |
Other Liab | 1.2B | 1.6B | 1.6B | 2.4B | 2.1B | 1.5B | |
Property Plant And Equipment Net | 3.9B | 4.2B | 4.4B | 6.0B | 6.0B | 3.7B | |
Current Deferred Revenue | 78M | 17M | 81M | 808M | 25M | 23.8M | |
Net Debt | 3.6B | 3.0B | 3.6B | 13.5B | 12.3B | 12.9B | |
Retained Earnings | 6.4B | 8.1B | 9.7B | 11.3B | 12.9B | 13.6B | |
Accounts Payable | 780M | 797M | 1.2B | 1.5B | 1.5B | 895.1M | |
Cash | 463M | 955M | 536M | 1.5B | 1.8B | 1.9B | |
Non Current Assets Total | 6.7B | 7.1B | 8.2B | 19.7B | 20.4B | 21.4B | |
Long Term Debt | 3.4B | 3.2B | 3.2B | 13.4B | 12.3B | 12.9B | |
Cash And Short Term Investments | 503M | 1.5B | 546M | 1.5B | 1.8B | 939.6M | |
Net Receivables | 1.2B | 1.2B | 1.7B | 2.1B | 1.8B | 1.4B | |
Good Will | 1.1B | 1.2B | 1.4B | 7.1B | 7.0B | 7.3B | |
Non Current Liabilities Total | 4.8B | 5.0B | 4.9B | 16.1B | 15.0B | 15.7B | |
Inventory | 1.0B | 978M | 1.5B | 2.8B | 2.4B | 2.5B | |
Other Current Assets | 43M | 55M | 70M | 241M | 272M | 285.6M | |
Property Plant And Equipment Gross | 3.9B | 4.2B | 4.2B | 5.6B | 10.1B | 10.6B | |
Total Current Assets | 2.8B | 3.8B | 3.8B | 6.6B | 6.2B | 3.5B | |
Accumulated Other Comprehensive Income | (300M) | (328M) | (329M) | (518M) | (744M) | (706.8M) | |
Treasury Stock | (3.8B) | (4.5B) | (5.5B) | (5.5B) | (4.9B) | (4.7B) | |
Intangible Assets | 312M | 319M | 735M | 4.1B | 4.0B | 4.2B | |
Common Stock | 16.9K | 16.9K | 17.0K | 17.0K | 15.3K | 14.5K | |
Property Plant Equipment | 3.7B | 3.9B | 4.4B | 5.6B | 6.4B | 3.5B | |
Short Term Investments | 31M | 40M | 533M | 10M | 11.5M | 10.9M | |
Net Tangible Assets | 1.3B | 2.2B | 2.0B | 6.0B | 6.9B | 7.2B | |
Noncontrolling Interest In Consolidated Entity | 391M | 369M | 348M | 468M | 538.2M | 277.1M | |
Retained Earnings Total Equity | 6.4B | 8.1B | 9.7B | 11.3B | 13.0B | 13.6B | |
Long Term Debt Total | 3.4B | 3.2B | 3.2B | 13.4B | 15.4B | 16.1B |
Celanese Investors Sentiment
The influence of Celanese's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Celanese. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Celanese's public news can be used to forecast risks associated with an investment in Celanese. The trend in average sentiment can be used to explain how an investor holding Celanese can time the market purely based on public headlines and social activities around Celanese. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Celanese's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Celanese's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Celanese's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Celanese.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Celanese in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Celanese's short interest history, or implied volatility extrapolated from Celanese options trading.
Pair Trading with Celanese
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 Celanese 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 Celanese will appreciate offsetting losses from the drop in the long position's value.Moving together with Celanese Stock
0.74 | BAK | Braskem SA Class | PairCorr |
0.78 | DOW | Dow Inc Earnings Call Today | PairCorr |
Moving against Celanese Stock
0.51 | NC | NACCO Industries | PairCorr |
0.48 | X | United States Steel | PairCorr |
The ability to find closely correlated positions to Celanese could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celanese 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 Celanese - 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 Celanese to buy it.
The correlation of Celanese 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 Celanese moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celanese 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 Celanese 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 Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.Note that the Celanese information on this page should be used as a complementary analysis to other Celanese's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Celanese Stock analysis
When running Celanese's price analysis, check to measure Celanese'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 Celanese is operating at the current time. Most of Celanese's value examination focuses on studying past and present price action to predict the probability of Celanese's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celanese's price. Additionally, you may evaluate how the addition of Celanese to your portfolios can decrease your overall portfolio volatility.
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |
Is Celanese's 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 Celanese. If investors know Celanese 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 Celanese 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 0.321 | Dividend Share 2.8 | Earnings Share 18.24 | Revenue Per Share 98.185 | Quarterly Revenue Growth (0.09) |
The market value of Celanese is measured differently than its book value, which is the value of Celanese that is recorded on the company's balance sheet. Investors also form their own opinion of Celanese's value that differs from its market value or its book value, called intrinsic value, which is Celanese'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 Celanese's market value can be influenced by many factors that don't directly affect Celanese'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 Celanese's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celanese is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celanese'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.