Brookfield Total Current Assets vs Long Term Debt Analysis
| BAM Stock | 80.31 0.24 0.30% |
Brookfield Asset financial indicator trend analysis is way more than just evaluating Brookfield Asset Man prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brookfield Asset Man is a good investment. Please check the relationship between Brookfield Asset Total Current Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Asset Management. 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.
Total Current Assets vs Long Term Debt
Total Current Assets vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Asset Man Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Brookfield Asset's Total Current Assets and Long Term Debt is 0.9. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Brookfield Asset Management, assuming nothing else is changed. The correlation between historical values of Brookfield Asset's Total Current Assets and Long Term Debt 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 Current Assets of Brookfield Asset Management are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., Brookfield Asset's Total Current Assets and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Long Term Debt
Long-term debt is a debt that Brookfield Asset Man has held for over one year. Long-term debt appears on Brookfield Asset Management balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Brookfield Asset Management balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Brookfield Asset's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brookfield Asset Man 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 Brookfield Asset Management. 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. At this time, Brookfield Asset's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.15, while Tax Provision is likely to drop about 497.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.1B | 2.6B | 57M | 54.2M | Total Revenue | 2.8B | 3.6B | 383M | 363.9M |
Brookfield Asset fundamental ratios Correlations
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Brookfield Asset Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Brookfield Asset
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 Brookfield Asset 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 Brookfield Asset will appreciate offsetting losses from the drop in the long position's value.Moving against Brookfield Stock
| 0.85 | AEMC | Alaska Energy Metals | PairCorr |
| 0.83 | EOG | Eco Atlantic Oil | PairCorr |
| 0.6 | CMC | Cielo Waste Solutions | PairCorr |
The ability to find closely correlated positions to Brookfield Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Asset 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 Brookfield Asset - 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 Brookfield Asset Management to buy it.
The correlation of Brookfield Asset 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 Brookfield Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Asset Man 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 Brookfield Asset 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Asset Management. 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. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.