News Non Current Liabilities Total vs Common Stock Total Equity Analysis

NWS Stock

USD 28.31 0.19 0.67%

News Corp financial indicator trend analysis is infinitely more than just investigating News Corp B recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether News Corp B is a good investment. Please check the relationship between News Corp Non Current Liabilities Total and its Common Stock Total Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in News Corp B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Non Current Liabilities Total vs Common Stock Total Equity

Non Current Liabilities Total vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of News Corp B Non Current Liabilities Total account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between News Corp's Non Current Liabilities Total and Common Stock Total Equity is -0.59. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of News Corp B, assuming nothing else is changed. The correlation between historical values of News Corp's Non Current Liabilities Total and Common Stock Total Equity 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 Current Liabilities Total of News Corp B are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Non Current Liabilities Total i.e., News Corp's Non Current Liabilities Total and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Non Current Liabilities Total

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Most indicators from News Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into News Corp B 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 News Corp B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

At this time, News Corp's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.21 in 2024, whereas Tax Provision is likely to drop slightly above 81.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	99M	100M	115M	59.5M
Depreciation And Amortization	688M	714M	821.1M	612.4M

Interest Expense Depreciation And Amortization

News Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Short Long Term Debt Total	Common Stock Total Equity
Common Stock Shares Outstanding		0.67	0.41	0.59	-0.52	-0.19	0.62	0.66	0.4	-0.28	0.69	0.51	-0.28	-0.46	0.52	0.69	0.37	0.24	-0.7	0.54	0.33	-0.37	-0.39	-0.27	0.71	-0.85
Total Assets	0.67		0.43	0.68	-0.23	0.07	0.77	0.55	0.54	0.22	0.95	0.58	0.22	0.1	0.68	0.64	0.36	0.27	-0.24	0.64	0.26	0.23	-0.3	0.18	0.67	-0.48
Other Current Liab	0.41	0.43		0.84	-0.79	-0.19	0.68	0.76	0.62	-0.2	0.5	0.88	-0.2	-0.03	0.85	0.72	0.4	0.3	-0.41	0.82	0.26	-0.09	-0.93	-0.24	0.68	-0.16
Total Current Liabilities	0.59	0.68	0.84		-0.79	0.0	0.9	0.83	0.83	-0.32	0.78	0.88	-0.32	0.08	0.95	0.83	0.48	0.08	-0.47	0.94	0.43	-0.16	-0.64	0.05	0.82	-0.33
Total Stockholder Equity	-0.52	-0.23	-0.79	-0.79		-0.02	-0.65	-0.88	-0.62	0.65	-0.4	-0.82	0.65	0.26	-0.69	-0.84	-0.39	0.08	0.65	-0.83	-0.58	0.55	0.71	0.26	-0.8	0.37
Property Plant And Equipment Net	-0.19	0.07	-0.19	0.0	-0.02		0.01	0.02	0.05	0.03	0.11	0.16	0.03	0.34	-0.12	0.13	0.08	-0.5	0.32	0.21	0.64	0.12	0.35	0.41	0.12	0.28
Current Deferred Revenue	0.62	0.77	0.68	0.9	-0.65	0.01		0.79	0.73	-0.22	0.86	0.79	-0.22	0.02	0.84	0.8	0.38	0.07	-0.45	0.89	0.47	-0.14	-0.5	0.13	0.81	-0.36
Net Debt	0.66	0.55	0.76	0.83	-0.88	0.02	0.79		0.62	-0.45	0.66	0.87	-0.45	-0.23	0.75	0.96	0.46	0.09	-0.7	0.88	0.52	-0.37	-0.7	-0.24	0.97	-0.56
Accounts Payable	0.4	0.54	0.62	0.83	-0.62	0.05	0.73	0.62		-0.22	0.58	0.64	-0.22	0.27	0.81	0.61	0.73	-0.06	-0.31	0.72	0.24	-0.04	-0.47	0.15	0.61	-0.23
Cash	-0.28	0.22	-0.2	-0.32	0.65	0.03	-0.22	-0.45	-0.22		-0.05	-0.19	1.0	0.42	-0.27	-0.37	-0.05	0.42	0.38	-0.32	-0.44	0.93	0.13	0.01	-0.32	0.27
Non Current Assets Total	0.69	0.95	0.5	0.78	-0.4	0.11	0.86	0.66	0.58	-0.05		0.65	-0.05	0.0	0.78	0.74	0.31	0.12	-0.25	0.76	0.44	-0.02	-0.32	0.28	0.74	-0.48
Non Currrent Assets Other	0.51	0.58	0.88	0.88	-0.82	0.16	0.79	0.87	0.64	-0.19	0.65		-0.19	0.03	0.79	0.85	0.47	0.22	-0.51	0.95	0.51	-0.05	-0.74	-0.21	0.85	-0.22
Cash And Short Term Investments	-0.28	0.22	-0.2	-0.32	0.65	0.03	-0.22	-0.45	-0.22	1.0	-0.05	-0.19		0.42	-0.27	-0.37	-0.05	0.42	0.38	-0.32	-0.44	0.93	0.13	0.01	-0.32	0.27
Net Receivables	-0.46	0.1	-0.03	0.08	0.26	0.34	0.02	-0.23	0.27	0.42	0.0	0.03	0.42		0.07	-0.23	0.18	-0.21	0.46	0.01	-0.19	0.66	0.19	0.47	-0.18	0.55
Good Will	0.52	0.68	0.85	0.95	-0.69	-0.12	0.84	0.75	0.81	-0.27	0.78	0.79	-0.27	0.07		0.75	0.45	0.13	-0.29	0.86	0.29	-0.12	-0.69	0.12	0.71	-0.27
Non Current Liabilities Total	0.69	0.64	0.72	0.83	-0.84	0.13	0.8	0.96	0.61	-0.37	0.74	0.85	-0.37	-0.23	0.75		0.36	0.01	-0.6	0.9	0.64	-0.34	-0.64	-0.09	0.98	-0.59
Inventory	0.37	0.36	0.4	0.48	-0.39	0.08	0.38	0.46	0.73	-0.05	0.31	0.47	-0.05	0.18	0.45	0.36		0.26	-0.36	0.39	-0.03	0.1	-0.37	-0.22	0.43	-0.26
Other Current Assets	0.24	0.27	0.3	0.08	0.08	-0.5	0.07	0.09	-0.06	0.42	0.12	0.22	0.42	-0.21	0.13	0.01	0.26		-0.31	0.01	-0.5	0.37	-0.39	-0.6	0.04	-0.15
Other Stockholder Equity	-0.7	-0.24	-0.41	-0.47	0.65	0.32	-0.45	-0.7	-0.31	0.38	-0.25	-0.51	0.38	0.46	-0.29	-0.6	-0.36	-0.31		-0.43	-0.15	0.4	0.45	0.67	-0.66	0.69
Total Liab	0.54	0.64	0.82	0.94	-0.83	0.21	0.89	0.88	0.72	-0.32	0.76	0.95	-0.32	0.01	0.86	0.9	0.39	0.01	-0.43		0.64	-0.19	-0.64	0.03	0.87	-0.26
Property Plant And Equipment Gross	0.33	0.26	0.26	0.43	-0.58	0.64	0.47	0.52	0.24	-0.44	0.44	0.51	-0.44	-0.19	0.29	0.64	-0.03	-0.5	-0.15	0.64		-0.45	-0.14	0.27	0.59	-0.19
Total Current Assets	-0.37	0.23	-0.09	-0.16	0.55	0.12	-0.14	-0.37	-0.04	0.93	-0.02	-0.05	0.93	0.66	-0.12	-0.34	0.1	0.37	0.4	-0.19	-0.45		0.1	0.06	-0.28	0.43
Short Term Debt	-0.39	-0.3	-0.93	-0.64	0.71	0.35	-0.5	-0.7	-0.47	0.13	-0.32	-0.74	0.13	0.19	-0.69	-0.64	-0.37	-0.39	0.45	-0.64	-0.14	0.1		0.42	-0.61	0.26
Intangible Assets	-0.27	0.18	-0.24	0.05	0.26	0.41	0.13	-0.24	0.15	0.01	0.28	-0.21	0.01	0.47	0.12	-0.09	-0.22	-0.6	0.67	0.03	0.27	0.06	0.42		-0.14	0.28
Short Long Term Debt Total	0.71	0.67	0.68	0.82	-0.8	0.12	0.81	0.97	0.61	-0.32	0.74	0.85	-0.32	-0.18	0.71	0.98	0.43	0.04	-0.66	0.87	0.59	-0.28	-0.61	-0.14		-0.62
Common Stock Total Equity	-0.85	-0.48	-0.16	-0.33	0.37	0.28	-0.36	-0.56	-0.23	0.27	-0.48	-0.22	0.27	0.55	-0.27	-0.59	-0.26	-0.15	0.69	-0.26	-0.19	0.43	0.26	0.28	-0.62

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News Corp Account Relationship Matchups

News Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.3B	16.8B	17.2B	16.9B	19.5B	17.3B
Other Current Liab	1.9B	2.4B	2.2B	2.1B	2.4B	1.3B
Total Current Liabilities	2.7B	3.2B	3.5B	3.5B	4.0B	3.1B
Total Stockholder Equity	7.6B	8.2B	8.2B	8.1B	7.3B	8.1B
Property Plant And Equipment Net	3.3B	3.3B	3.0B	3.1B	2.8B	2.3B
Current Deferred Revenue	398M	473M	604M	622M	715.3M	491.4M
Net Debt	888M	1.2B	2.2B	2.3B	2.6B	2.7B
Accounts Payable	411M	351M	321M	440M	506M	366.6M
Cash	1.5B	2.2B	1.8B	1.8B	1.6B	1.6B
Non Current Assets Total	10.8B	12.3B	13.1B	12.9B	14.8B	12.8B
Non Currrent Assets Other	1.0B	1.4B	1.4B	1.3B	1.5B	853.2M
Cash And Short Term Investments	1.5B	2.2B	1.8B	1.8B	1.6B	1.6B
Net Receivables	1.2B	1.5B	1.5B	1.4B	1.3B	1.1B
Good Will	4.0B	4.7B	5.2B	5.1B	5.9B	4.4B
Liabilities And Stockholders Equity	14.3B	16.8B	17.2B	16.9B	19.5B	17.3B
Non Current Liabilities Total	3.2B	4.4B	4.6B	4.5B	5.2B	5.4B
Other Current Assets	393M	469M	458M	484M	556.6M	484.3M
Other Stockholder Equity	12.1B	12.1B	11.8B	11.4B	10.3B	9.8B
Total Liab	5.9B	7.6B	8.1B	8.0B	9.2B	5.6B
Property Plant And Equipment Gross	3.3B	3.3B	2.1B	3.1B	3.5B	1.9B
Total Current Assets	3.5B	4.5B	4.1B	4.1B	3.6B	3.3B
Accumulated Other Comprehensive Income	(1.3B)	(941M)	(1.3B)	(1.2B)	(1.4B)	(1.5B)
Short Term Debt	76M	28M	293M	347M	312.3M	296.7M
Intangible Assets	2.4B	1.9B	2.2B	2.5B	2.2B	2.0B
Short Long Term Debt Total	2.4B	3.4B	4.0B	4.1B	4.7B	4.9B
Other Liab	827M	990M	836M	743M	854.5M	950.8M
Net Tangible Assets	1.3B	1.4B	382M	1.6B	1.4B	2.6B
Noncontrolling Interest In Consolidated Entity	807M	935M	921M	881M	1.0B	739.9M
Retained Earnings	(3.2B)	(2.9B)	(2.3B)	(2.1B)	(1.9B)	(2.0B)
Other Assets	1.2B	1.8B	1.8B	1.7B	1.9B	1.3B
Long Term Debt	1.2B	2.3B	2.8B	2.6B	3.0B	3.2B
Retained Earnings Total Equity	(3.2B)	(2.9B)	(2.3B)	(2.1B)	(1.9B)	(2.0B)
Capital Surpluse	12.1B	12.1B	11.8B	11.4B	10.3B	9.7B
Deferred Long Term Liab	258M	260M	198M	163M	187.5M	240.4M
Long Term Investments	297M	351M	488M	427M	384.3M	365.1M
Non Current Liabilities Other	326M	519M	483M	446M	401.4M	372.6M
Property Plant Equipment	2.8B	3.3B	3.0B	2.5B	2.9B	2.8B

Pair Trading with News 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 News 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 News Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with News Stock

0.73

AMC

AMC Entertainment Trending

Pair Corr

Moving against News Stock

0.65	MSGE	Madison Square Garden Fiscal Year End 16th of August 2024	Pair Corr
0.5	WLYB	John Wiley Sons Earnings Call This Week	Pair Corr
0.44	WMG	Warner Music Group Fiscal Year End 21st of November 2024	Pair Corr

The ability to find closely correlated positions to News 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 News 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 News 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 News Corp B to buy it.

The correlation of News 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 News Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if News Corp B 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 News 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.

Pair Correlation Correlation Matching

Additional Tools for News Stock Analysis

When running News Corp's price analysis, check to measure News 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 News Corp is operating at the current time. Most of News Corp's value examination focuses on studying past and present price action to predict the probability of News 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 News Corp's price. Additionally, you may evaluate how the addition of News Corp to your portfolios can decrease your overall portfolio volatility.

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