EPAM Net Working Capital vs Good Will Analysis
| EPAM Stock | USD 237.75 0.62 0.26% |
EPAM Systems financial indicator trend analysis is much more than just examining EPAM Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EPAM Systems is a good investment. Please check the relationship between EPAM Systems Net Working Capital and its Good Will accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EPAM Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in EPAM Stock, please use our How to Invest in EPAM Systems guide.
Net Working Capital vs Good Will
Net Working Capital vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EPAM Systems Net Working Capital account and Good Will. At this time, the significance of the direction appears to have almost identical trend.
The correlation between EPAM Systems' Net Working Capital and Good Will is 0.9. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Good Will in the same time period over historical financial statements of EPAM Systems, assuming nothing else is changed. The correlation between historical values of EPAM Systems' Net Working Capital and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of EPAM Systems are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Working Capital i.e., EPAM Systems' Net Working Capital and Good Will go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Working Capital
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from EPAM Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EPAM Systems 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 EPAM Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in EPAM Stock, please use our How to Invest in EPAM Systems guide.At this time, EPAM Systems' Selling General Administrative is very stable compared to the past year. As of the 27th of April 2024, Tax Provision is likely to grow to about 142.6 M, while Sales General And Administrative To Revenue is likely to drop 0.18.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.5B | 1.3B | 1.4B | Total Revenue | 3.8B | 4.8B | 4.7B | 4.9B |
EPAM Systems fundamental ratios Correlations
Click cells to compare fundamentals
EPAM Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EPAM Systems fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 57.7M | 58.4M | 59.1M | 59.2M | 59.1M | 51.6M | |
| Total Assets | 2.2B | 2.7B | 3.5B | 4.0B | 4.4B | 4.6B | |
| Short Long Term Debt Total | 263.5M | 266.4M | 239.2M | 193.2M | 171.9M | 137.6M | |
| Other Current Liab | 312.4M | 377.6M | 632.6M | 637.4M | 548.4M | 575.8M | |
| Total Current Liabilities | 386.9M | 466.0M | 763.4M | 747.5M | 644.9M | 677.2M | |
| Total Stockholder Equity | 1.6B | 2.0B | 2.5B | 3.0B | 3.5B | 3.6B | |
| Property Plant And Equipment Net | 404.3M | 398.2M | 421.1M | 422.1M | 370.0M | 189.5M | |
| Current Deferred Revenue | 9.1M | 17.4M | 39.8M | 36.0M | 28.0M | 29.4M | |
| Net Debt | (673.1M) | (1.1B) | (1.2B) | (1.5B) | (1.9B) | (1.8B) | |
| Retained Earnings | 1.0B | 1.3B | 1.8B | 2.2B | 2.5B | 2.6B | |
| Accounts Payable | 7.8M | 10.2M | 24.8M | 30.9M | 32.0M | 33.6M | |
| Cash | 936.6M | 1.3B | 1.4B | 1.7B | 2.0B | 2.1B | |
| Non Current Assets Total | 770.0M | 808.6M | 1.3B | 1.2B | 1.3B | 1.3B | |
| Non Currrent Assets Other | 38.3M | 52.7M | 27.2M | 17.6M | 26.3M | 16.4M | |
| Other Assets | 114.4M | 375.1M | 200.8M | 192.3M | 221.1M | 232.2M | |
| Cash And Short Term Investments | 936.6M | 1.4B | 1.4B | 1.7B | 2.1B | 2.2B | |
| Net Receivables | 497.7M | 501.1M | 768.9M | 932.6M | 897.0M | 941.9M | |
| Good Will | 195.0M | 212.0M | 530.7M | 529.1M | 562.5M | 590.6M | |
| Common Stock Total Equity | 55K | 56K | 57K | 58K | 66.7K | 48.8K | |
| Liabilities And Stockholders Equity | 2.2B | 2.7B | 3.5B | 4.0B | 4.4B | 4.6B | |
| Non Current Liabilities Total | 261.1M | 272.4M | 264.0M | 258.7M | 236.0M | 131.7M | |
| Other Current Assets | 39.9M | 29.6M | 53.9M | 85.3M | 97.4M | 102.2M | |
| Other Stockholder Equity | 606.9M | 660.6M | 711.7M | 847.8M | 1.0B | 1.1B | |
| Total Liab | 648.1M | 738.3M | 1.0B | 1.0B | 880.9M | 924.9M | |
| Property Plant And Equipment Gross | 404.3M | 398.2M | 421.1M | 422.1M | 567.5M | 595.9M | |
| Total Current Assets | 1.5B | 1.9B | 2.3B | 2.8B | 3.1B | 3.2B | |
| Accumulated Other Comprehensive Income | (31.4M) | (25.5M) | (54.2M) | (95.3M) | (39.0M) | (41.0M) | |
| Short Term Debt | 57.5M | 60.8M | 66.1M | 43.2M | 36.6M | 66.4M | |
| Intangible Assets | 56.3M | 52.0M | 101.1M | 77.7M | 71.1M | 47.1M | |
| Common Stock | 55K | 56K | 57K | 58K | 66.7K | 49.8K | |
| Property Plant Equipment | 165.3M | 169.5M | 421.1M | 273.3M | 314.4M | 330.1M | |
| Other Liab | 55.2M | 66.7M | 90.9M | 108.6M | 124.9M | 131.2M | |
| Long Term Debt | 25.1M | 25.0M | 30.2M | 27.7M | 26.1M | 22.4M | |
| Retained Earnings Total Equity | 1.0B | 1.3B | 1.8B | 2.2B | 2.6B | 2.7B |
EPAM Systems Investors Sentiment
The influence of EPAM Systems' 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 EPAM. 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 EPAM Systems' public news can be used to forecast risks associated with an investment in EPAM. The trend in average sentiment can be used to explain how an investor holding EPAM can time the market purely based on public headlines and social activities around EPAM Systems. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
EPAM Systems' 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 EPAM Systems' 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 EPAM Systems' news discussions. The higher the estimated score, the more favorable is the investor's outlook on EPAM Systems.
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 EPAM Systems 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, EPAM Systems' short interest history, or implied volatility extrapolated from EPAM Systems options trading.
Pair Trading with EPAM Systems
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 EPAM Systems 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 EPAM Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with EPAM Stock
| 0.73 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
| 0.65 | KD | Kyndryl Holdings Earnings Call This Week | PairCorr |
| 0.69 | DMRC | Digimarc | PairCorr |
Moving against EPAM Stock
| 0.41 | FIS | Fidelity National | PairCorr |
The ability to find closely correlated positions to EPAM Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EPAM Systems 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 EPAM Systems - 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 EPAM Systems to buy it.
The correlation of EPAM Systems 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 EPAM Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EPAM Systems 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 EPAM Systems 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 EPAM Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in EPAM Stock, please use our How to Invest in EPAM Systems guide.Note that the EPAM Systems information on this page should be used as a complementary analysis to other EPAM Systems' 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for EPAM Stock analysis
When running EPAM Systems' price analysis, check to measure EPAM Systems' 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 EPAM Systems is operating at the current time. Most of EPAM Systems' value examination focuses on studying past and present price action to predict the probability of EPAM Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EPAM Systems' price. Additionally, you may evaluate how the addition of EPAM Systems to your portfolios can decrease your overall portfolio volatility.
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Is EPAM Systems' 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 EPAM Systems. If investors know EPAM 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 EPAM Systems 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 (0.37) | Earnings Share 7.06 | Revenue Per Share 81.111 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0874 |
The market value of EPAM Systems is measured differently than its book value, which is the value of EPAM that is recorded on the company's balance sheet. Investors also form their own opinion of EPAM Systems' value that differs from its market value or its book value, called intrinsic value, which is EPAM Systems' 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 EPAM Systems' market value can be influenced by many factors that don't directly affect EPAM Systems' 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 EPAM Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if EPAM Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EPAM Systems' 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.