AKA Cash And Short Term Investments vs Good Will Analysis
| AKA Stock | USD 20.26 1.51 8.05% |
AKA Brands financial indicator trend analysis is way more than just evaluating AKA Brands Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AKA Brands Holding is a good investment. Please check the relationship between AKA Brands Cash And Short Term Investments and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AKA Brands Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
Cash And Short Term Investments vs Good Will
Cash And Short Term Investments vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AKA Brands Holding Cash And Short Term Investments account and Good Will. At this time, the significance of the direction appears to have strong relationship.
The correlation between AKA Brands' Cash And Short Term Investments and Good Will is 0.74. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Good Will in the same time period over historical financial statements of AKA Brands Holding, assuming nothing else is changed. The correlation between historical values of AKA Brands' Cash And Short Term Investments and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of AKA Brands Holding are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Cash And Short Term Investments i.e., AKA Brands' Cash And Short Term Investments and Good Will go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of AKA Brands Holding balance sheet. This account contains AKA Brands investments that will expire within one year. These investments include stocks and bonds that can be liquidated by AKA Brands Holding fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from AKA Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AKA Brands Holding 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 AKA Brands Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. As of November 22, 2024, Tax Provision is expected to decline to about 1.1 M. In addition to that, Selling General Administrative is expected to decline to about 71 M
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 23.0M | 30.1M | 19.1M | 18.8M | Interest Income | 9.5M | 7.0M | 8.1M | 4.6M |
AKA Brands fundamental ratios Correlations
Click cells to compare fundamentals
AKA Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether AKA Brands Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AKA Brands' 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 Aka Brands Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aka Brands Holding Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AKA Brands Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Specialty Retail 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 AKA Brands. If investors know AKA 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 AKA Brands 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 (0.50) | Earnings Share (2.90) | Revenue Per Share 53.472 | Quarterly Revenue Growth 0.064 | Return On Assets (0.02) |
The market value of AKA Brands Holding is measured differently than its book value, which is the value of AKA that is recorded on the company's balance sheet. Investors also form their own opinion of AKA Brands' value that differs from its market value or its book value, called intrinsic value, which is AKA Brands' 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 AKA Brands' market value can be influenced by many factors that don't directly affect AKA Brands' 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 AKA Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if AKA Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AKA Brands' 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.