AGCO Other Current Assets from 2010 to 2024

AGCO Stock  USD 97.45  5.47  5.95%   
AGCO Other Current Assets yearly trend continues to be very stable with very little volatility. Other Current Assets are likely to grow to about 734.3 M this year. Other Current Assets is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. View All Fundamentals
 
Other Current Assets  
First Reported
1992-03-31
Previous Quarter
B
Current Value
B
Quarterly Volatility
194.3 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check AGCO financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AGCO's main balance sheet or income statement drivers, such as Depreciation And Amortization of 170.4 M, Interest Expense of 4.4 M or Selling General Administrative of 719.6 M, as well as many indicators such as Price To Sales Ratio of 0.42, Dividend Yield of 0.0529 or PTB Ratio of 1.3. AGCO financial statements analysis is a perfect complement when working with AGCO Valuation or Volatility modules.
  
Check out the analysis of AGCO Correlation against competitors.

Latest AGCO's Other Current Assets Growth Pattern

Below is the plot of the Other Current Assets of AGCO Corporation over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. AGCO's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AGCO's overall financial position and show how it may be relating to other accounts over time.
Other Current Assets10 Years Trend
Slightly volatile
   Other Current Assets   
       Timeline  

AGCO Other Current Assets Regression Statistics

Arithmetic Mean382,631,000
Geometric Mean299,154,085
Coefficient Of Variation49.83
Mean Deviation145,606,400
Median367,700,000
Standard Deviation190,648,813
Sample Variance36347T
Range723.8M
R-Value0.93
Mean Square Error5128.8T
R-Squared0.87
Slope39,739,482
Total Sum of Squares508857.6T

AGCO Other Current Assets History

2024734.3 M
2023699.3 M
2022538.8 M
2021539.8 M
2020418.9 M
2019417.1 M
2018422.3 M

About AGCO Financial Statements

AGCO investors utilize fundamental indicators, such as Other Current Assets, to predict how AGCO Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Other Current Assets699.3 M734.3 M

Pair Trading with AGCO

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 AGCO 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 AGCO will appreciate offsetting losses from the drop in the long position's value.

Moving together with AGCO Stock

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Moving against AGCO Stock

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The ability to find closely correlated positions to AGCO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGCO 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 AGCO - 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 AGCO Corporation to buy it.
The correlation of AGCO 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 AGCO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AGCO 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 AGCO 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 CorrelationCorrelation Matching
When determining whether AGCO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AGCO's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Agco Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agco Corporation Stock:
Check out the analysis of AGCO Correlation against competitors.
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..
Is Agricultural & Farm Machinery space 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 AGCO. If investors know AGCO 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 AGCO 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
(0.89)
Dividend Share
1.16
Earnings Share
2.26
Revenue Per Share
168.626
Quarterly Revenue Growth
(0.25)
The market value of AGCO is measured differently than its book value, which is the value of AGCO that is recorded on the company's balance sheet. Investors also form their own opinion of AGCO's value that differs from its market value or its book value, called intrinsic value, which is AGCO'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 AGCO's market value can be influenced by many factors that don't directly affect AGCO'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 AGCO's value and its price as these two are different measures arrived at by different means. Investors typically determine if AGCO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AGCO'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.