Gap Intangible Assets vs Net Working Capital Analysis
GPS Stock | USD 21.60 0.16 0.74% |
Gap financial indicator trend analysis is much more than just examining Gap Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gap Inc is a good investment. Please check the relationship between Gap Intangible Assets and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gap Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Intangible Assets vs Net Working Capital
Intangible Assets vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gap Inc Intangible Assets account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gap's Intangible Assets and Net Working Capital is -0.15. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Gap Inc, assuming nothing else is changed. The correlation between historical values of Gap's Intangible Assets 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 Intangible Assets of Gap Inc 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 Intangible Assets i.e., Gap's Intangible Assets and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Net Working Capital
Most indicators from Gap's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gap Inc 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gap Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. Selling General Administrative is likely to drop to about 2.3 B in 2024. Tax Provision is likely to drop to about 51.3 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.6B | 5.4B | 5.8B | 4.6B | Total Revenue | 16.7B | 15.6B | 14.9B | 12.0B |
Gap fundamental ratios Correlations
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Gap Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gap fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.7B | 13.8B | 12.8B | 11.4B | 11.0B | 6.9B | |
Short Long Term Debt Total | 7.7B | 7.7B | 6.3B | 6.0B | 5.4B | 5.7B | |
Total Current Liabilities | 3.2B | 3.9B | 4.1B | 3.3B | 3.1B | 2.0B | |
Total Stockholder Equity | 3.3B | 2.6B | 2.7B | 2.2B | 2.6B | 2.8B | |
Property Plant And Equipment Net | 8.5B | 7.1B | 6.7B | 5.9B | 5.7B | 2.9B | |
Net Debt | 6.3B | 5.7B | 5.4B | 4.8B | 3.6B | 3.7B | |
Retained Earnings | 3.3B | 2.5B | 2.6B | 2.1B | 2.4B | 2.3B | |
Cash | 1.4B | 2.0B | 877M | 1.2B | 1.9B | 1.3B | |
Non Current Assets Total | 9.2B | 7.8B | 7.6B | 6.8B | 6.6B | 3.4B | |
Non Currrent Assets Other | 409M | 533M | 587M | 620M | 657M | 689.9M | |
Cash And Short Term Investments | 1.7B | 2.4B | 877M | 1.2B | 1.9B | 1.4B | |
Net Receivables | 316M | 363M | 399M | 340M | 289M | 257.6M | |
Common Stock Shares Outstanding | 378M | 374M | 383M | 367M | 376M | 593.9M | |
Liabilities And Stockholders Equity | 13.7B | 13.8B | 12.8B | 11.4B | 11.0B | 6.9B | |
Non Current Liabilities Total | 7.2B | 7.3B | 6.0B | 5.9B | 5.4B | 5.6B | |
Inventory | 2.2B | 2.5B | 3.0B | 2.4B | 2.0B | 1.5B | |
Other Current Assets | 706M | 1.2B | 1.3B | 1.0B | 238M | 226.1M | |
Other Stockholder Equity | 19M | 85M | 43M | 27M | 113M | 118.7M | |
Total Liab | 10.4B | 11.2B | 10.0B | 9.2B | 8.4B | 8.9B | |
Total Current Assets | 4.5B | 6.0B | 5.2B | 4.6B | 4.4B | 3.5B | |
Short Term Debt | 920M | 831M | 734M | 667M | 600M | 630M | |
Intangible Assets | 121M | 61M | 90M | 81M | 72M | 122.5M | |
Accounts Payable | 1.2B | 1.7B | 2.0B | 1.3B | 1.3B | 1.0B | |
Short Term Investments | 288M | 290M | 410M | 15M | 1M | 950K | |
Property Plant And Equipment Gross | 8.5B | 7.1B | 6.7B | 5.9B | 10.6B | 11.1B | |
Accumulated Other Comprehensive Income | 40M | 9M | 38M | 48M | 43M | 45.2M | |
Other Liab | 397M | 438M | 445M | 544M | 625.6M | 899.7M | |
Other Assets | 409M | 533M | 884M | 908M | 1.0B | 1.1B | |
Property Plant Equipment | 3.1B | 7.1B | 6.7B | 5.9B | 6.7B | 3.8B | |
Current Deferred Revenue | 226M | 231M | 345M | 354M | 337M | 241.7M | |
Net Tangible Assets | 3.3B | 2.4B | 2.7B | 2.2B | 2.0B | 2.6B | |
Retained Earnings Total Equity | 3.3B | 2.5B | 2.6B | 2.1B | 1.9B | 1.8B |
Pair Trading with Gap
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 Gap 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 Gap will appreciate offsetting losses from the drop in the long position's value.Moving together with Gap Stock
0.65 | AEO | American Eagle Outfitters Earnings Call This Week | PairCorr |
0.65 | BBY | Best Buy Financial Report 23rd of May 2024 | PairCorr |
Moving against Gap Stock
0.43 | MULN | Mullen Automotive | PairCorr |
The ability to find closely correlated positions to Gap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gap 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 Gap - 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 Gap Inc to buy it.
The correlation of Gap 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 Gap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gap Inc 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 Gap 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gap Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Gap Stock analysis
When running Gap's price analysis, check to measure Gap'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 Gap is operating at the current time. Most of Gap's value examination focuses on studying past and present price action to predict the probability of Gap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gap's price. Additionally, you may evaluate how the addition of Gap to your portfolios can decrease your overall portfolio volatility.
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Is Gap'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 Gap. If investors know Gap 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 Gap 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 (0.25) | Dividend Share 0.6 | Earnings Share 1.34 | Revenue Per Share 40.241 | Quarterly Revenue Growth 0.013 |
The market value of Gap Inc is measured differently than its book value, which is the value of Gap that is recorded on the company's balance sheet. Investors also form their own opinion of Gap's value that differs from its market value or its book value, called intrinsic value, which is Gap'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 Gap's market value can be influenced by many factors that don't directly affect Gap'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 Gap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gap'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.