New Long Term Investments vs Net Debt Analysis
EDU Stock | USD 84.17 0.19 0.23% |
New Oriental financial indicator trend analysis is infinitely more than just investigating New Oriental Education recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Oriental Education is a good investment. Please check the relationship between New Oriental Long Term Investments and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Long Term Investments vs Net Debt
Long Term Investments vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Oriental Education Long Term Investments account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between New Oriental's Long Term Investments and Net Debt is -0.39. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of New Oriental Education, assuming nothing else is changed. The correlation between historical values of New Oriental's Long Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of New Oriental Education are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Investments i.e., New Oriental's Long Term Investments and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.39 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Investments
Long Term Investments is an item on the asset side of New Oriental balance sheet that represents investments New Oriental Education intends to hold for over a year. New Oriental Education long term investments may include different instruments such as stocks, bonds, real estate and cash.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from New Oriental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Oriental Education 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. At this time, New Oriental's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 46.84 in 2024, whereas Enterprise Value is likely to drop slightly above 4.5 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.6B | 1.8B | 1.9B | Total Revenue | 3.1B | 3.0B | 3.4B | 3.6B |
New Oriental fundamental ratios Correlations
Click cells to compare fundamentals
New Oriental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Oriental fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.6B | 10.2B | 6.0B | 6.4B | 7.4B | 7.7B | |
Short Long Term Debt Total | 1.6B | 2.2B | 680.4M | 458.6M | 527.4M | 786.5M | |
Other Current Liab | 737.6M | 979.6M | 586.1M | 687.8M | 791.0M | 830.6M | |
Total Current Liabilities | 2.5B | 3.5B | 1.7B | 2.3B | 2.6B | 2.7B | |
Total Stockholder Equity | 2.7B | 4.9B | 3.7B | 3.6B | 4.1B | 4.4B | |
Net Debt | 665.0M | 550.1M | (468.2M) | (1.2B) | (1.1B) | (1.0B) | |
Cash | 915.1M | 1.6B | 1.1B | 1.7B | 1.9B | 2.0B | |
Other Assets | 174.8M | 224.5M | 111.8M | 647.3M | 744.4M | 781.6M | |
Cash And Short Term Investments | 3.5B | 6.3B | 4.2B | 4.0B | 4.6B | 4.8B | |
Common Stock Shares Outstanding | 159.5M | 165.2M | 169.6M | 168.6M | 193.8M | 162.7M | |
Liabilities And Stockholders Equity | 6.6B | 10.2B | 6.0B | 6.4B | 7.4B | 7.7B | |
Non Current Liabilities Total | 1.2B | 1.7B | 531.0M | 326.7M | 375.7M | 250.9M | |
Other Stockholder Equity | 459.7M | 1.9B | 2.1B | 1.9B | 2.2B | 2.3B | |
Total Liab | 3.7B | 5.1B | 2.2B | 2.6B | 3.0B | 3.1B | |
Total Current Assets | 3.8B | 6.6B | 4.5B | 4.4B | 5.1B | 5.3B | |
Retained Earnings | 2.0B | 2.3B | 1.1B | 1.2B | 1.4B | 861.6M | |
Accounts Payable | 33.1M | 38.4M | 22.3M | 69.8M | 80.2M | 84.2M | |
Long Term Debt | 117.9M | 297.6M | 65.4M | 14.7M | 16.9M | 16.0M | |
Short Term Investments | 2.6B | 4.6B | 3.0B | 2.3B | 2.7B | 2.8B | |
Inventory | 31.3M | 31.2M | 27.9M | 52.7M | 60.6M | 63.6M | |
Other Current Assets | 14.6M | 15.4M | 12.4M | 211.2M | 242.9M | 255.1M | |
Intangible Assets | 16.3M | 18.8M | 6.4M | 28.5M | 32.8M | 34.4M | |
Property Plant Equipment | 2.1B | 2.7B | 933.8M | 799.3M | 919.2M | 562.5M | |
Property Plant And Equipment Net | 2.1B | 2.7B | 933.8M | 799.3M | 919.2M | 588.9M | |
Current Deferred Revenue | 1.3B | 1.9B | 933.1M | 1.3B | 1.5B | 1.6B | |
Non Current Assets Total | 2.8B | 3.6B | 1.6B | 2.0B | 2.3B | 2.4B | |
Non Currrent Assets Other | 111.5M | 120.9M | 91.7M | 127.0M | 146.1M | 153.4M | |
Net Receivables | 7.6M | 118.5M | 39.7M | 42.5M | 48.8M | 51.3M | |
Good Will | 80.4M | 73.3M | 70.8M | 105.5M | 121.3M | 127.4M | |
Property Plant And Equipment Gross | 2.1B | 2.7B | 933.8M | 799.3M | 919.2M | 588.9M | |
Accumulated Other Comprehensive Income | 289.2M | 709.3M | 576.8M | 437.3M | 502.8M | 252.5M | |
Short Term Debt | 384.2M | 514.0M | 168.6M | 155.8M | 179.1M | 160.1M | |
Other Liab | 18.8M | 11.9M | 13.2M | 19.2M | 22.1M | 23.2M | |
Long Term Investments | 431.1M | 537.7M | 437.9M | 862.3M | 991.7M | 1.0B | |
Net Tangible Assets | 2.3B | 2.6B | 4.8B | 3.6B | 4.2B | 2.5B |
Pair Trading with New Oriental
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 New Oriental 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 New Oriental will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
0.66 | LTRE | Learning Tree Intern | PairCorr |
0.57 | LAUR | Laureate Education | PairCorr |
0.48 | JZ | Jianzhi Education Report 4th of October 2024 | PairCorr |
0.44 | LRN | Stride Inc Financial Report 20th of August 2024 | PairCorr |
The ability to find closely correlated positions to New Oriental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Oriental 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 New Oriental - 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 New Oriental Education to buy it.
The correlation of New Oriental 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 New Oriental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Oriental Education 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 New Oriental 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the New Oriental Education information on this page should be used as a complementary analysis to other New Oriental'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running New Oriental's price analysis, check to measure New Oriental'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 New Oriental is operating at the current time. Most of New Oriental's value examination focuses on studying past and present price action to predict the probability of New Oriental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Oriental's price. Additionally, you may evaluate how the addition of New Oriental to your portfolios can decrease your overall portfolio volatility.
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Is New Oriental'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 New Oriental. If investors know New 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 New Oriental 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 0.023 | Earnings Share 1.8 | Revenue Per Share 24.418 | Quarterly Revenue Growth 0.601 | Return On Assets 0.0363 |
The market value of New Oriental Education is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Oriental's value that differs from its market value or its book value, called intrinsic value, which is New Oriental'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 New Oriental's market value can be influenced by many factors that don't directly affect New Oriental'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 New Oriental's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Oriental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Oriental'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.