Asana Begin Period Cash Flow vs Issuance Of Capital Stock Analysis

ASAN Stock  USD 15.15  0.27  1.75%   
Asana financial indicator trend analysis is way more than just evaluating Asana Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asana Inc is a good investment. Please check the relationship between Asana Begin Period Cash Flow and its Issuance Of Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Begin Period Cash Flow vs Issuance Of Capital Stock

Begin Period Cash Flow vs Issuance Of Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asana Inc Begin Period Cash Flow account and Issuance Of Capital Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Asana's Begin Period Cash Flow and Issuance Of Capital Stock is -0.1. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Issuance Of Capital Stock in the same time period over historical financial statements of Asana Inc, assuming nothing else is changed. The correlation between historical values of Asana's Begin Period Cash Flow and Issuance Of Capital 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 Begin Period Cash Flow of Asana Inc are associated (or correlated) with its Issuance Of Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Issuance Of Capital Stock has no effect on the direction of Begin Period Cash Flow i.e., Asana's Begin Period Cash Flow and Issuance Of Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.1
Relationship DirectionNegative 
Relationship StrengthInsignificant

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Issuance Of Capital Stock

Most indicators from Asana's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asana Inc 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 Asana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Asana's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 28th of November 2024, Enterprise Value is likely to grow to about 5.3 B, while Tax Provision is likely to drop about 2.5 M.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization25.1M12.7M14.3M14.6M
Interest Income506K6.9M21.1M22.2M

Asana fundamental ratios Correlations

0.980.970.930.890.920.970.960.11-0.910.840.90.970.890.910.980.950.960.910.50.34-0.850.970.90.920.94
0.980.930.910.840.880.980.910.14-0.860.890.920.980.860.850.950.920.950.840.40.38-0.870.950.860.920.91
0.970.930.970.930.960.941.0-0.02-0.950.750.840.940.970.980.931.00.950.970.510.11-0.850.990.940.810.96
0.930.910.970.971.00.910.96-0.05-0.980.740.820.910.960.930.890.970.910.960.580.02-0.880.960.990.760.99
0.890.840.930.970.980.830.93-0.07-0.990.640.790.830.90.890.890.920.840.970.680.03-0.780.890.980.760.96
0.920.880.961.00.980.890.95-0.02-0.990.710.790.890.940.920.880.950.90.970.640.01-0.870.941.00.760.99
0.970.980.940.910.830.890.930.24-0.870.870.811.00.890.860.90.930.990.850.480.3-0.930.970.880.880.93
0.960.911.00.960.930.950.93-0.04-0.950.710.810.920.980.980.921.00.940.980.530.08-0.840.980.940.780.95
0.110.14-0.02-0.05-0.07-0.020.24-0.040.010.31-0.140.24-0.15-0.170.05-0.060.26-0.070.450.59-0.290.060.00.350.05
-0.91-0.86-0.95-0.98-0.99-0.99-0.87-0.950.01-0.67-0.77-0.87-0.93-0.92-0.89-0.95-0.88-0.98-0.69-0.030.84-0.93-0.99-0.77-0.97
0.840.890.750.740.640.710.870.710.31-0.670.790.870.650.660.80.710.810.620.350.49-0.720.780.660.860.81
0.90.920.840.820.790.790.810.81-0.14-0.770.790.820.750.780.940.810.760.760.210.4-0.640.810.750.860.8
0.970.980.940.910.830.891.00.920.24-0.870.870.820.880.860.90.930.990.850.480.31-0.930.970.870.880.93
0.890.860.970.960.90.940.890.98-0.15-0.930.650.750.880.980.830.990.90.950.46-0.11-0.840.970.930.660.93
0.910.850.980.930.890.920.860.98-0.17-0.920.660.780.860.980.880.980.880.960.45-0.02-0.760.950.90.70.91
0.980.950.930.890.890.880.90.920.05-0.890.80.940.90.830.880.910.890.90.480.41-0.740.910.850.940.89
0.950.921.00.970.920.950.931.0-0.06-0.950.710.810.930.990.980.910.940.970.490.05-0.860.990.940.770.95
0.960.950.950.910.840.90.990.940.26-0.880.810.760.990.90.880.890.940.880.550.26-0.940.980.890.850.92
0.910.840.970.960.970.970.850.98-0.07-0.980.620.760.850.950.960.90.970.880.650.01-0.790.930.960.740.94
0.50.40.510.580.680.640.480.530.45-0.690.350.210.480.460.450.480.490.550.650.07-0.540.50.680.510.63
0.340.380.110.020.030.010.30.080.59-0.030.490.40.31-0.11-0.020.410.050.260.010.07-0.110.13-0.020.660.09
-0.85-0.87-0.85-0.88-0.78-0.87-0.93-0.84-0.290.84-0.72-0.64-0.93-0.84-0.76-0.74-0.86-0.94-0.79-0.54-0.11-0.91-0.88-0.72-0.87
0.970.950.990.960.890.940.970.980.06-0.930.780.810.970.970.950.910.990.980.930.50.13-0.910.930.810.95
0.90.860.940.990.981.00.880.940.0-0.990.660.750.870.930.90.850.940.890.960.68-0.02-0.880.930.730.97
0.920.920.810.760.760.760.880.780.35-0.770.860.860.880.660.70.940.770.850.740.510.66-0.720.810.730.8
0.940.910.960.990.960.990.930.950.05-0.970.810.80.930.930.910.890.950.920.940.630.09-0.870.950.970.8
Click cells to compare fundamentals

Asana Account Relationship Matchups

Asana fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets421.7M731.1M707.0M955.0M962.0M713.3M
Other Current Liab18.2M38.7M37.2M47.2M36.4M33.6M
Total Current Liabilities100.1M163.5M255.2M332.3M367.2M231.3M
Total Stockholder Equity(145.3M)(12.8M)203.8M356.6M326.4M342.7M
Other Liab2.7M3.0M5.0M9.4M10.8M11.3M
Net Tangible Assets(145.3M)(12.8M)203.8M356.6M410.1M430.6M
Property Plant And Equipment Net30.9M257.4M273.7M271.2M278.3M204.5M
Current Deferred Revenue62.7M103.9M170.1M226.4M265.3M157.7M
Net Debt(80.8M)326.0M15.2M(255.0M)41.2M43.3M
Retained Earnings(329.7M)(541.4M)(829.8M)(1.2B)(1.5B)(1.4B)
Accounts Payable7.5M9.6M11.6M7.6M6.9M8.6M
Cash306.0M259.9M240.4M526.6M236.7M292.1M
Non Current Assets Total41.1M285.4M295.6M294.6M302.2M225.4M
Non Currrent Assets Other5.5M8.9M19.2M23.4M24.0M16.0M
Other Assets10.1M8.9M19.2M23.4M26.9M15.0M
Cash And Short Term Investments351.3M386.3M312.0M529.3M519.5M400.8M
Net Receivables12.7M32.2M59.1M82.4M88.3M51.4M
Common Stock Shares Outstanding158.7M161.5M176.4M200.0M220.4M195.5M
Short Term Investments45.3M126.4M71.6M2.7M282.8M296.9M
Liabilities And Stockholders Equity421.7M731.1M707.0M955.0M962.0M713.3M
Non Current Liabilities Total466.9M580.4M248.0M266.1M268.4M277.5M
Capital Lease Obligations22.1M205.2M221.0M224.8M234.3M166.4M
Other Current Assets3.5M27.3M40.3M48.7M51.9M31.7M
Other Stockholder Equity(66.1M)528.6M1.0B1.6B1.8B1.9B
Total Liab567.0M743.9M503.2M598.4M635.6M612.9M
Net Invested Capital57.8M367.9M238.5M403.3M370.0M230.3M
Property Plant And Equipment Gross30.9M257.4M273.7M271.2M320.8M212.3M
Total Current Assets380.6M445.8M411.4M660.4M659.7M487.9M
Accumulated Other Comprehensive Income(102K)39K(626K)(873K)(236K)(247.8K)
Non Current Liabilities Other2.7M3.0M5.0M2.2M3.7M3.2M
Net Working Capital280.5M282.3M156.2M328.1M292.5M256.5M
Short Term Debt11.6M8.4M25.1M29.7M38.4M21.2M
Property Plant Equipment30.9M257.4M273.7M95.0M109.2M145.4M

Pair Trading with Asana

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

Moving together with Asana Stock

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Moving against Asana Stock

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The ability to find closely correlated positions to Asana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asana 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 Asana - 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 Asana Inc to buy it.
The correlation of Asana 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 Asana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asana Inc 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 Asana 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 Asana Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Asana'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 Asana Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asana Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Systems Software 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 Asana. If investors know Asana 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 Asana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.15)
Revenue Per Share
3.053
Quarterly Revenue Growth
0.103
Return On Assets
(0.18)
Return On Equity
(0.83)
The market value of Asana Inc is measured differently than its book value, which is the value of Asana that is recorded on the company's balance sheet. Investors also form their own opinion of Asana's value that differs from its market value or its book value, called intrinsic value, which is Asana'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 Asana's market value can be influenced by many factors that don't directly affect Asana'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 Asana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asana'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.