Goldman Non Recurring vs Income Tax Expense Analysis
GS Stock | USD 467.72 3.20 0.69% |
Goldman Sachs financial indicator trend analysis is much more than just examining Goldman Sachs Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldman Sachs Group is a good investment. Please check the relationship between Goldman Sachs Non Recurring and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Non Recurring vs Income Tax Expense
Non Recurring vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldman Sachs Group Non Recurring account and Income Tax Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Goldman Sachs' Non Recurring and Income Tax Expense is -0.09. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Goldman Sachs Group, assuming nothing else is changed. The correlation between historical values of Goldman Sachs' Non Recurring and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Recurring of Goldman Sachs Group are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Non Recurring i.e., Goldman Sachs' Non Recurring and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Recurring
Income Tax Expense
Most indicators from Goldman Sachs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldman Sachs Group 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 Goldman Sachs Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Goldman Sachs' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.46 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.1 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.7B | 21.3B | 62.2B | 65.3B | Depreciation And Amortization | 2.0B | 2.5B | 4.9B | 5.1B |
Goldman Sachs fundamental ratios Correlations
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Goldman Sachs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goldman Sachs fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 993B | 1.2T | 1.5T | 1.4T | 1.6T | 940.1B | |
Short Long Term Debt Total | 255B | 266B | 301B | 308B | 643.6B | 675.8B | |
Other Current Liab | (223B) | (244B) | (299B) | 6.8B | 520.4B | 546.4B | |
Total Current Liabilities | 223B | 244B | 299B | 329.8B | 1.2T | 1.3T | |
Net Debt | 122B | 110B | 40B | (158.9B) | 402.0B | 422.1B | |
Retained Earnings | 106.5B | 112.9B | 131.8B | 139.4B | 143.7B | 150.9B | |
Accounts Payable | 175B | 191B | 252B | 262B | 230.7B | 204.3B | |
Cash | 133B | 156B | 261B | 466.9B | 241.6B | 253.7B | |
Non Current Assets Total | 448.1B | 513.4B | 489.1B | 400.1B | 599.8B | 361.1B | |
Non Currrent Assets Other | (2.1B) | (3.0B) | (3.9B) | (66.6B) | 328.7B | 345.1B | |
Other Assets | 336.9B | 372.1B | 551.9B | 639.9B | 735.9B | 376.3B | |
Cash And Short Term Investments | 133B | 156.5B | 261.0B | 597.6B | 242B | 254.1B | |
Net Receivables | 75B | 121B | 161B | 135.4B | 148.6B | 105.6B | |
Common Stock Shares Outstanding | 375.5M | 360.3M | 355.8M | 358.1M | 345.8M | 372.9M | |
Short Term Investments | 63.9B | 526M | 25M | 130.6B | 33.2B | 31.5B | |
Liabilities And Stockholders Equity | 993B | 1.2T | 1.5T | 1.4T | 1.6T | 940.1B | |
Non Current Liabilities Total | 207B | 213B | 254B | 1.3T | 331.6B | 273.8B | |
Other Stockholder Equity | (26.2B) | (26.7B) | (30.5B) | (30.1B) | (40.2B) | (38.2B) | |
Total Liab | 903B | 1.1T | 1.4T | 1.3T | 1.5T | 868.7B | |
Total Current Assets | 208B | 277.5B | 422.0B | 402.0B | 1.0T | 1.1T | |
Accumulated Other Comprehensive Income | (1.5B) | (1.4B) | (2.1B) | (3.0B) | 2.2B | 2.3B | |
Short Term Debt | 48B | 53B | 47B | 61B | 441.6B | 463.7B | |
Other Liab | 151.0B | 282B | 389B | 325.2B | 374.0B | 392.7B | |
Long Term Debt | 315.9B | 367.2B | 254B | 247B | 247.9B | 190.6B | |
Treasury Stock | (84.0B) | (85.9B) | (91.1B) | (94.6B) | (85.2B) | (80.9B) | |
Intangible Assets | 641M | 630M | 418M | 2.0B | 1.2B | 1.1B | |
Good Will | 4.2B | 4.3B | 4.3B | 6.4B | 5.9B | 4.2B | |
Property Plant And Equipment Gross | 24.2B | 25.4B | 30.6B | 31.4B | 27.1B | 15.3B | |
Property Plant Equipment | 24.2B | 25.4B | 20.4B | 19.2B | 22.1B | 13.3B | |
Property Plant And Equipment Net | 24.2B | 25.4B | 20.4B | 19.2B | 13.3B | 14.8B | |
Retained Earnings Total Equity | 106.5B | 112.9B | 131.8B | 139.4B | 160.3B | 88.6B | |
Net Tangible Assets | 79.1B | 84.7B | 99.3B | 106.5B | 122.5B | 87.5B | |
Long Term Debt Total | 315.9B | 367.2B | 254B | 247B | 284.1B | 243.9B | |
Capital Surpluse | 54.9B | 55.7B | 56.4B | 59.1B | 67.9B | 57.4B | |
Other Current Assets | 665.3B | 777.9B | 932.4B | 859.1B | 1.0T | 1.1T |
Pair Trading with Goldman Sachs
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 Goldman Sachs 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 Goldman Sachs will appreciate offsetting losses from the drop in the long position's value.Moving together with Goldman Stock
0.91 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
Moving against Goldman Stock
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0.41 | PX | P10 Inc Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Goldman Sachs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldman Sachs 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 Goldman Sachs - 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 Goldman Sachs Group to buy it.
The correlation of Goldman Sachs 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 Goldman Sachs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goldman Sachs Group 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 Goldman Sachs 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 Goldman Sachs Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Goldman Stock analysis
When running Goldman Sachs' price analysis, check to measure Goldman Sachs' 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 Goldman Sachs is operating at the current time. Most of Goldman Sachs' value examination focuses on studying past and present price action to predict the probability of Goldman Sachs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldman Sachs' price. Additionally, you may evaluate how the addition of Goldman Sachs to your portfolios can decrease your overall portfolio volatility.
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Is Goldman Sachs' 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 Goldman Sachs. If investors know Goldman 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 Goldman Sachs 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 0.318 | Dividend Share 10.75 | Earnings Share 25.64 | Revenue Per Share 138.222 | Quarterly Revenue Growth 0.121 |
The market value of Goldman Sachs Group is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' 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 Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' 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 Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goldman Sachs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' 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.