Northern Other Stockholder Equity vs Short Long Term Debt Total Analysis
NTRS Stock | USD 83.43 0.18 0.22% |
Northern Trust financial indicator trend analysis is infinitely more than just investigating Northern Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Trust is a good investment. Please check the relationship between Northern Trust Other Stockholder Equity and its Short Long Term Debt Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Northern Stock please use our How to Invest in Northern Trust guide.
Other Stockholder Equity vs Short Long Term Debt Total
Other Stockholder Equity vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Trust Other Stockholder Equity account and Short Long Term Debt Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Northern Trust's Other Stockholder Equity and Short Long Term Debt Total is -0.68. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Northern Trust, assuming nothing else is changed. The correlation between historical values of Northern Trust's Other Stockholder Equity and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Northern Trust are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Other Stockholder Equity i.e., Northern Trust's Other Stockholder Equity and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | -0.68 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Stockholder Equity
Short Long Term Debt Total
Most indicators from Northern Trust's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Trust 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Northern Stock please use our How to Invest in Northern Trust guide.At this time, Northern Trust's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.42 in 2024, whereas Tax Provision is likely to drop slightly above 349.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 2.0B | 2.3B | 1.5B | 995.8M | Other Operating Expenses | 4.5B | 4.5B | 10.7B | 11.2B |
Northern Trust fundamental ratios Correlations
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Northern Trust Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northern Trust fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 215.6M | 209.0M | 208.9M | 208.9M | 207.6M | 242.2M | |
Total Assets | 136.8B | 170.0B | 183.9B | 155.0B | 150.8B | 80.5B | |
Short Long Term Debt Total | 11.8B | 8.6B | 7.2B | 12.4B | 17.2B | 18.1B | |
Other Current Liab | (7.8B) | 43.1B | (499.8M) | 25.3B | 22.8B | 21.7B | |
Total Current Liabilities | 7.8B | 48.0B | 499.8M | 35.5B | 26.7B | 51.3B | |
Total Stockholder Equity | 11.1B | 11.7B | 12.0B | 11.3B | 11.9B | 12.5B | |
Property Plant And Equipment Net | 483.3M | 514.9M | 488.7M | 500.5M | 502.2M | 463.6M | |
Net Debt | 7.3B | 4.2B | 4.2B | 7.7B | (23.8B) | (22.6B) | |
Retained Earnings | 11.7B | 12.2B | 13.1B | 13.8B | 14.2B | 14.9B | |
Cash | 4.5B | 4.4B | 3.1B | 4.7B | 41.1B | 43.1B | |
Non Current Assets Total | 53.4B | 62.3B | 63.9B | (719.7M) | 108.7B | 114.2B | |
Non Currrent Assets Other | (53.4B) | (62.3B) | (63.9B) | (55.5B) | 7.9B | 8.3B | |
Other Assets | 25.9B | 23.1B | 34.8B | 147.5B | 169.6B | 178.1B | |
Cash And Short Term Investments | 4.5B | 4.4B | 3.1B | 4.7B | 1.5B | 1.5B | |
Liabilities And Stockholders Equity | 136.8B | 170.0B | 183.9B | 155.0B | 150.8B | 80.5B | |
Non Current Liabilities Total | 4.0B | 8.6B | 7.2B | 1.3B | 112.2B | 117.8B | |
Other Stockholder Equity | (11.5B) | (12.6B) | (13.1B) | (12.2B) | (13.1B) | (12.4B) | |
Total Liab | 125.7B | 8.6B | 7.2B | 143.8B | 138.9B | 145.8B | |
Total Current Assets | 57.5B | 84.6B | 85.2B | 8.3B | 42.1B | 29.6B | |
Accumulated Other Comprehensive Income | (194.7M) | 428M | (35.6M) | (1.6B) | (1.1B) | (1.1B) | |
Short Term Debt | 7.8B | 4.9B | 499.8M | 10.1B | 3.8B | 3.6B | |
Net Receivables | 845.7M | 1.2B | 1.9B | 1.7B | 212.6M | 202.0M | |
Property Plant And Equipment Gross | 483.3M | 514.9M | 488.7M | 1.3B | 1.3B | 1.4B | |
Common Stock | 9.8B | 10.8B | 11.1B | 10.4B | 11.0B | 11.6B | |
Other Liab | 2.5B | 5.5B | 4.2B | 2.4B | 2.7B | 3.1B | |
Accounts Payable | 109.1B | 143.9B | 159.9B | 123.9B | 142.5B | 83.3B | |
Long Term Debt | 10.5B | 8.3B | 7.2B | 12.4B | 13.4B | 7.5B | |
Good Will | 696.8M | 707.2M | 706.2M | 691.3M | 702.3M | 507.5M | |
Short Term Investments | 13.4B | 19.2B | 13.6B | 26.7B | 10.1B | 13.5B | |
Inventory | 6.5B | 11.1B | 6.7B | 68.6B | (1.7B) | (1.7B) | |
Treasury Stock | (2.2B) | (3.1B) | (3.2B) | (3.3B) | (3.0B) | (2.8B) | |
Intangible Assets | 120.6M | 1.7B | 1.8B | 2.0B | 2.1B | 2.2B | |
Property Plant Equipment | 483.3M | 514.9M | 488.7M | 985.3M | 1.1B | 1.2B | |
Other Current Assets | 45.7B | 68.0B | 73.5B | (66.7B) | 42.1B | 44.2B | |
Retained Earnings Total Equity | 10.8B | 11.7B | 12.2B | 13.1B | 15.1B | 8.6B | |
Net Tangible Assets | 9.1B | 10.1B | 10.4B | 7.6B | 8.8B | 9.1B | |
Long Term Debt Total | 11.0B | 10.5B | 8.3B | 7.2B | 8.3B | 8.0B | |
Capital Surpluse | 1.1B | 1.0B | 963.6M | 939.3M | 845.4M | 811.6M |
Pair Trading with Northern Trust
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 Northern Trust 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 Northern Trust will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Northern Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Trust 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 Northern Trust - 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 Northern Trust to buy it.
The correlation of Northern Trust 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 Northern Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Trust 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 Northern Trust 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.Additional Tools for Northern Stock Analysis
When running Northern Trust's price analysis, check to measure Northern Trust'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 Northern Trust is operating at the current time. Most of Northern Trust's value examination focuses on studying past and present price action to predict the probability of Northern Trust's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Trust's price. Additionally, you may evaluate how the addition of Northern Trust to your portfolios can decrease your overall portfolio volatility.