WNS Intangible Assets vs Treasury Stock Analysis
WNS Stock | USD 51.24 0.40 0.77% |
WNS Holdings financial indicator trend analysis is more than just analyzing WNS Holdings current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WNS Holdings is a good investment. Please check the relationship between WNS Holdings Intangible Assets and its Treasury Stock accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WNS Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy WNS Stock please use our How to Invest in WNS Holdings guide.
Intangible Assets vs Treasury Stock
Intangible Assets vs Treasury Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WNS Holdings Intangible Assets account and Treasury Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between WNS Holdings' Intangible Assets and Treasury Stock is -0.38. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Treasury Stock in the same time period over historical financial statements of WNS Holdings, assuming nothing else is changed. The correlation between historical values of WNS Holdings' Intangible Assets and Treasury Stock 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 WNS Holdings are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Intangible Assets i.e., WNS Holdings' Intangible Assets and Treasury Stock go up and down completely randomly.
Correlation Coefficient | -0.38 |
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.Treasury Stock
Most indicators from WNS Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WNS Holdings 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WNS Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy WNS Stock please use our How to Invest in WNS Holdings guide.Tax Provision is likely to gain to about 27.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 92.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 374.6M | 422.7M | 445.4M | 467.7M | Total Revenue | 1.1B | 1.2B | 1.3B | 690.6M |
WNS Holdings fundamental ratios Correlations
Click cells to compare fundamentals
WNS Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WNS Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 52.0M | 52.1M | 51.2M | 50.9M | 49.6M | 51.6M | |
Total Assets | 1.0B | 1.1B | 1.2B | 1.5B | 1.4B | 747.9M | |
Short Long Term Debt Total | 212.3M | 208.7M | 167.0M | 372.4M | 369.3M | 387.8M | |
Other Current Liab | 126.1M | 124.0M | 162.2M | 200.0M | 168.7M | 99.1M | |
Total Current Liabilities | 205.8M | 207.5M | 230.7M | 303.8M | 311.3M | 184.4M | |
Total Stockholder Equity | 587.1M | 684.1M | 754.0M | 801.1M | 765.7M | 441.5M | |
Property Plant And Equipment Net | 216.1M | 219.0M | 191.9M | 237.9M | 237.4M | 249.2M | |
Current Deferred Revenue | 10.3M | 12.7M | 13.7M | 15.7M | 12.9M | 8.8M | |
Net Debt | 115.4M | 103.0M | 58.8M | 244.5M | 281.9M | 296.0M | |
Retained Earnings | 586.3M | 689.0M | 818.4M | 951.6M | 1.0B | 1.1B | |
Accounts Payable | 29.3M | 28.0M | 27.8M | 25.4M | 25.0M | 20.8M | |
Cash | 96.9M | 105.6M | 108.2M | 127.9M | 87.4M | 71.8M | |
Non Current Assets Total | 583.5M | 596.2M | 596.4M | 1.0B | 881.4M | 925.5M | |
Non Currrent Assets Other | 66.9M | 69.2M | 87.4M | 107.0M | 59.0M | 36.3M | |
Other Assets | 95.7M | 95.9M | 102.2M | 122.2M | 1.0 | 0.95 | |
Long Term Debt | 33.4M | 16.7M | 0.0 | 137.3M | 102.5M | 53.0M | |
Cash And Short Term Investments | 222.6M | 309.3M | 319.6M | 229.0M | 244.0M | 157.7M | |
Net Receivables | 162.5M | 164.3M | 207.6M | 239.5M | 248.3M | 128.6M | |
Good Will | 121.3M | 124.0M | 123.5M | 353.6M | 356.4M | 374.2M | |
Common Stock Total Equity | 8.5M | 8.1M | 7.9M | 8.0M | 9.2M | 8.1M | |
Liabilities And Stockholders Equity | 1.0B | 1.1B | 1.2B | 1.5B | 1.4B | 747.9M | |
Non Current Liabilities Total | 219.4M | 214.6M | 179.8M | 399.5M | 335.7M | 352.5M | |
Inventory | 37.9M | 32.0M | 35.2M | 30.8M | 1.0 | 0.95 | |
Other Current Assets | 5.9M | 4.2M | 5.8M | 4.9M | 39.1M | 41.0M | |
Other Stockholder Equity | (7.1M) | (12.8M) | (74.8M) | (164.9M) | 2.4M | 2.3M | |
Total Liab | 425.2M | 422.1M | 410.5M | 703.3M | 647.0M | 679.4M | |
Property Plant And Equipment Gross | 216.1M | 219.0M | 191.9M | 237.9M | 579.0M | 607.9M | |
Total Current Assets | 428.8M | 509.9M | 568.1M | 504.1M | 531.4M | 328.0M | |
Accumulated Other Comprehensive Income | (194.4M) | (162.0M) | 2.7M | 6.8M | (254.1M) | (241.4M) | |
Short Term Debt | 40.1M | 42.8M | 27.0M | 62.8M | 104.8M | 110.0M | |
Intangible Assets | 70.1M | 65.1M | 65.4M | 179.2M | 124.4M | 93.7M | |
Common Stock | 7.9M | 8.0M | 7.8M | 7.7M | 7.3M | 8.1M | |
Property Plant Equipment | 61.0M | 216.1M | 219.0M | 191.9M | 220.7M | 231.7M | |
Other Liab | 37.8M | 47.2M | 48.7M | 39.8M | 45.8M | 26.0M | |
Short Term Investments | 125.6M | 203.7M | 211.4M | 101.1M | 156.5M | 95.5M | |
Net Tangible Assets | 341.4M | 395.7M | 495.0M | 565.1M | 649.9M | 366.1M | |
Long Term Investments | 80.1M | 85.9M | 93.4M | 75.9M | 313K | 297.4K | |
Short Long Term Debt | 28.0M | 16.7M | 16.7M | 36.1M | 76.7M | 80.5M | |
Capital Surpluse | 269.5M | 187.3M | 227.7M | 110.3M | 99.3M | 94.3M |
Pair Trading with WNS Holdings
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 WNS Holdings 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 WNS Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with WNS Stock
Moving against WNS Stock
The ability to find closely correlated positions to WNS Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WNS Holdings 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 WNS Holdings - 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 WNS Holdings to buy it.
The correlation of WNS Holdings 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 WNS Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WNS Holdings 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 WNS Holdings 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 WNS Stock Analysis
When running WNS Holdings' price analysis, check to measure WNS Holdings' 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 WNS Holdings is operating at the current time. Most of WNS Holdings' value examination focuses on studying past and present price action to predict the probability of WNS Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WNS Holdings' price. Additionally, you may evaluate how the addition of WNS Holdings to your portfolios can decrease your overall portfolio volatility.