ESAB Total Current Assets vs Total Assets Analysis
| ESAB Stock | USD 108.66 2.36 2.13% |
ESAB Corp financial indicator trend analysis is much more than just examining ESAB Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESAB Corp is a good investment. Please check the relationship between ESAB Corp Total Current Assets and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESAB Corp. 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. For information on how to trade ESAB Stock refer to our How to Trade ESAB Stock guide.
Total Current Assets vs Total Assets
Total Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESAB Corp Total Current Assets account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between ESAB Corp's Total Current Assets and Total Assets is 0.8. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of ESAB Corp, assuming nothing else is changed. The correlation between historical values of ESAB Corp's Total Current Assets and Total 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 Total Current Assets of ESAB Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., ESAB Corp's Total Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Assets
Total assets refers to the total amount of ESAB Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in ESAB Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from ESAB Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESAB Corp 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 ESAB Corp. 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. For information on how to trade ESAB Stock refer to our How to Trade ESAB Stock guide.The current year's Sales General And Administrative To Revenue is expected to grow to 0.25, whereas Tax Provision is forecasted to decline to about 71.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 838.0M | 885.5M | 976.1M | 919.3M | Total Revenue | 2.4B | 2.6B | 2.8B | 2.6B |
ESAB Corp fundamental ratios Correlations
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ESAB Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with ESAB Corp
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 ESAB Corp 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 ESAB Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with ESAB Stock
| 0.85 | TG | Tredegar Downward Rally | PairCorr |
| 0.62 | ATI | Allegheny Technologies | PairCorr |
Moving against ESAB Stock
| 0.88 | AZ | A2Z Smart Technologies | PairCorr |
| 0.77 | SGBX | SG Blocks | PairCorr |
| 0.71 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.6 | AP | Ampco Pittsburgh | PairCorr |
| 0.55 | PRLB | Proto Labs | PairCorr |
The ability to find closely correlated positions to ESAB Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESAB Corp 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 ESAB Corp - 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 ESAB Corp to buy it.
The correlation of ESAB Corp 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 ESAB Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESAB Corp 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 ESAB Corp 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 ESAB Corp. 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. For information on how to trade ESAB Stock refer to our How to Trade ESAB Stock guide.Note that the ESAB Corp information on this page should be used as a complementary analysis to other ESAB Corp'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for ESAB Stock analysis
When running ESAB Corp's price analysis, check to measure ESAB Corp'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 ESAB Corp is operating at the current time. Most of ESAB Corp's value examination focuses on studying past and present price action to predict the probability of ESAB Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESAB Corp's price. Additionally, you may evaluate how the addition of ESAB Corp to your portfolios can decrease your overall portfolio volatility.
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Is ESAB Corp'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 ESAB Corp. If investors know ESAB 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 ESAB Corp 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 0.864 | Dividend Share 0.24 | Earnings Share 4.02 | Revenue Per Share 46.124 | Quarterly Revenue Growth 0.008 |
The market value of ESAB Corp is measured differently than its book value, which is the value of ESAB that is recorded on the company's balance sheet. Investors also form their own opinion of ESAB Corp's value that differs from its market value or its book value, called intrinsic value, which is ESAB Corp'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 ESAB Corp's market value can be influenced by many factors that don't directly affect ESAB Corp'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 ESAB Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESAB Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESAB Corp'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.