ABPRO Total Liab vs Other Assets Analysis

ABP Stock   3.11  0.07  2.20%   
ABPRO P financial indicator trend analysis is way more than just evaluating ABPRO P prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ABPRO P is a good investment. Please check the relationship between ABPRO P Total Liab and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ABPRO P. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
To learn how to invest in ABPRO Stock, please use our How to Invest in ABPRO P guide.

Total Liab vs Other Assets

Total Liab vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ABPRO P Total Liab account and Other Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ABPRO P's Total Liab and Other Assets is 0.93. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Assets in the same time period over historical financial statements of ABPRO P, assuming nothing else is changed. The correlation between historical values of ABPRO P's Total Liab and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of ABPRO P are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Liab i.e., ABPRO P's Total Liab and Other Assets go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Other Assets

Most indicators from ABPRO P's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ABPRO P 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ABPRO P. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
To learn how to invest in ABPRO Stock, please use our How to Invest in ABPRO P guide.At this time, ABPRO P's Selling General Administrative is relatively stable compared to the past year. As of 11/24/2024, Sales General And Administrative To Revenue is likely to grow to 65.43, while Tax Provision is likely to drop 0.00.
 2017 2023 2024 (projected)
Total Operating Expenses13.0M11.9M13.5M
Cost Of Revenue1.5M1.4M1.3M

ABPRO P fundamental ratios Correlations

0.070.15-0.070.54-0.25-0.73-0.070.210.870.560.380.40.870.570.27-0.440.160.250.380.98-0.620.180.450.62-0.64
0.070.74-0.830.77-0.840.5-0.830.7-0.310.8-0.050.87-0.310.320.780.870.770.780.88-0.120.65-0.640.85-0.660.68
0.150.74-0.980.87-0.980.55-0.980.99-0.350.83-0.60.9-0.350.770.990.581.00.990.9-0.060.4-0.930.89-0.270.39
-0.07-0.83-0.98-0.870.98-0.631.0-0.960.43-0.850.55-0.880.43-0.7-0.97-0.7-0.98-0.98-0.890.14-0.470.94-0.870.44-0.48
0.540.770.87-0.87-0.940.17-0.870.890.060.99-0.220.940.060.830.940.410.890.930.930.350.11-0.680.95-0.130.12
-0.25-0.84-0.980.98-0.94-0.470.98-0.970.25-0.920.43-0.960.25-0.75-1.0-0.62-0.99-0.99-0.96-0.04-0.390.87-0.950.31-0.39
-0.730.50.55-0.630.17-0.47-0.630.5-0.970.13-0.680.28-0.970.040.450.810.540.470.3-0.860.79-0.780.24-0.780.81
-0.07-0.83-0.981.0-0.870.98-0.63-0.960.43-0.840.54-0.880.43-0.7-0.97-0.7-0.98-0.98-0.890.14-0.470.94-0.870.45-0.48
0.210.70.99-0.960.89-0.970.5-0.96-0.290.85-0.610.88-0.290.830.990.510.990.990.880.010.3-0.920.88-0.20.29
0.87-0.31-0.350.430.060.25-0.970.43-0.290.10.66-0.061.00.14-0.24-0.71-0.34-0.25-0.070.95-0.760.63-0.010.75-0.78
0.560.80.83-0.850.99-0.920.13-0.840.850.1-0.130.940.10.780.910.430.850.90.930.380.12-0.630.95-0.150.13
0.38-0.05-0.60.55-0.220.43-0.680.54-0.610.66-0.13-0.180.66-0.51-0.49-0.21-0.56-0.51-0.180.47-0.20.79-0.170.11-0.18
0.40.870.9-0.880.94-0.960.28-0.880.88-0.060.94-0.18-0.060.660.940.580.910.931.00.20.38-0.691.0-0.230.36
0.87-0.31-0.350.430.060.25-0.970.43-0.291.00.10.66-0.060.14-0.24-0.71-0.34-0.25-0.070.95-0.760.63-0.010.75-0.78
0.570.320.77-0.70.83-0.750.04-0.70.830.140.78-0.510.660.140.81-0.020.770.80.650.44-0.27-0.650.70.27-0.28
0.270.780.99-0.970.94-1.00.45-0.970.99-0.240.91-0.490.94-0.240.810.560.991.00.930.060.33-0.880.93-0.240.32
-0.440.870.58-0.70.41-0.620.81-0.70.51-0.710.43-0.210.58-0.71-0.020.560.60.560.59-0.60.9-0.650.53-0.910.94
0.160.771.0-0.980.89-0.990.54-0.980.99-0.340.85-0.560.91-0.340.770.990.60.990.91-0.040.41-0.920.91-0.280.39
0.250.780.99-0.980.93-0.990.47-0.980.99-0.250.9-0.510.93-0.250.81.00.560.990.930.050.34-0.890.93-0.250.33
0.380.880.9-0.890.93-0.960.3-0.890.88-0.070.93-0.181.0-0.070.650.930.590.910.930.190.4-0.71.0-0.250.38
0.98-0.12-0.060.140.35-0.04-0.860.140.010.950.380.470.20.950.440.06-0.6-0.040.050.19-0.730.360.260.72-0.76
-0.620.650.4-0.470.11-0.390.79-0.470.3-0.760.12-0.20.38-0.76-0.270.330.90.410.340.4-0.73-0.490.33-0.80.99
0.18-0.64-0.930.94-0.680.87-0.780.94-0.920.63-0.630.79-0.690.63-0.65-0.88-0.65-0.92-0.89-0.70.36-0.49-0.680.43-0.49
0.450.850.89-0.870.95-0.950.24-0.870.88-0.010.95-0.171.0-0.010.70.930.530.910.931.00.260.33-0.68-0.180.31
0.62-0.66-0.270.44-0.130.31-0.780.45-0.20.75-0.150.11-0.230.750.27-0.24-0.91-0.28-0.25-0.250.72-0.80.43-0.18-0.87
-0.640.680.39-0.480.12-0.390.81-0.480.29-0.780.13-0.180.36-0.78-0.280.320.940.390.330.38-0.760.99-0.490.31-0.87
Click cells to compare fundamentals

ABPRO P Account Relationship Matchups

Pair Trading with ABPRO P

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

Moving together with ABPRO Stock

  0.72ME 23Andme HoldingPairCorr
  0.69JNJ Johnson Johnson Sell-off TrendPairCorr

Moving against ABPRO Stock

  0.6RNXT RenovoRxPairCorr
  0.54MDGL Madrigal PharmaceuticalsPairCorr
  0.39KEP Korea Electric PowerPairCorr
The ability to find closely correlated positions to ABPRO P could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABPRO P 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 ABPRO P - 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 ABPRO P to buy it.
The correlation of ABPRO P 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 ABPRO P moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABPRO P 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 ABPRO P 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

Additional Tools for ABPRO Stock Analysis

When running ABPRO P's price analysis, check to measure ABPRO P'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 ABPRO P is operating at the current time. Most of ABPRO P's value examination focuses on studying past and present price action to predict the probability of ABPRO P's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABPRO P's price. Additionally, you may evaluate how the addition of ABPRO P to your portfolios can decrease your overall portfolio volatility.