Abrdn Ev To Sales vs Roic Analysis

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Abrdn Asia financial indicator trend analysis is way more than just evaluating abrdn Asia Pacific prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether abrdn Asia Pacific is a good investment. Please check the relationship between Abrdn Asia Ev To Sales and its Roic accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in abrdn Asia Pacific. 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.

Ev To Sales vs Roic

Ev To Sales vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of abrdn Asia Pacific Ev To Sales account and Roic. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Abrdn Asia's Ev To Sales and Roic is 0.17. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Roic in the same time period over historical financial statements of abrdn Asia Pacific, assuming nothing else is changed. The correlation between historical values of Abrdn Asia's Ev To Sales and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of abrdn Asia Pacific are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Ev To Sales i.e., Abrdn Asia's Ev To Sales and Roic go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Most indicators from Abrdn Asia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into abrdn Asia Pacific 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in abrdn Asia Pacific. 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, Abrdn Asia'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 0.05, while Enterprise Value is likely to drop about 172.3 M.

	2021	2022	2023	2024 (projected)
Net Interest Income	13.0M	10.1M	9.1M	14.3M
Interest Income	36.1M	13.6M	12.3M	19.3M

Net Interest Income Interest Income

Abrdn Asia fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Current Deferred Revenue	Other Assets	Short Term Debt	Common Stock	Other Liab
Total Assets		0.2	0.09	0.91	0.23	0.89	0.56	-0.03	0.23	-0.21	0.57	0.88	0.42	0.42	0.33	0.43	0.6	0.8	-0.08	0.58	0.98	-0.13	0.07	0.95	-0.63	0.74
Other Current Liab	0.2		0.58	0.14	0.09	0.1	0.37	0.5	0.13	-0.05	0.06	0.01	0.04	0.04	0.15	-0.4	-0.22	0.03	0.17	0.07	0.25	-0.07	0.48	0.14	-0.03	0.15
Total Current Liabilities	0.09	0.58		0.05	0.12	0.04	-0.04	0.61	0.18	-0.22	-0.08	0.1	0.12	-0.14	0.23	-0.33	-0.32	0.17	0.07	-0.07	0.13	-0.22	0.99	0.13	-0.24	-0.2
Total Stockholder Equity	0.91	0.14	0.05		-0.07	0.96	0.49	-0.16	-0.1	0.01	0.77	0.73	0.15	0.66	0.05	0.48	0.75	0.81	-0.27	0.78	0.84	0.13	0.04	0.87	-0.63	0.7
Net Debt	0.23	0.09	0.12	-0.07		-0.08	0.29	0.23	0.98	-0.96	-0.66	0.48	0.53	-0.7	0.91	0.16	-0.3	0.24	0.68	-0.65	0.41	-0.96	0.1	0.37	-0.36	0.21
Retained Earnings	0.89	0.1	0.04	0.96	-0.08		0.36	-0.22	-0.11	0.05	0.78	0.68	0.2	0.66	0.03	0.36	0.64	0.74	-0.31	0.79	0.82	0.13	0.04	0.85	-0.54	0.67
Accounts Payable	0.56	0.37	-0.04	0.49	0.29	0.36		0.17	0.32	-0.29	0.15	0.46	0.16	0.06	0.35	0.27	0.53	0.5	0.16	0.16	0.55	-0.19	-0.13	0.44	-0.46	0.55
Cash	-0.03	0.5	0.61	-0.16	0.23	-0.22	0.17		0.33	-0.3	-0.3	-0.06	0.2	-0.42	0.43	-0.29	-0.23	0.19	0.1	-0.3	0.05	-0.35	0.58	0.02	-0.33	-0.28
Non Current Assets Total	0.23	0.13	0.18	-0.1	0.98	-0.11	0.32	0.33		-0.93	-0.67	0.48	0.59	-0.74	0.93	0.11	-0.31	0.22	0.63	-0.66	0.39	-0.95	0.16	0.33	-0.35	0.16
Non Currrent Assets Other	-0.21	-0.05	-0.22	0.01	-0.96	0.05	-0.29	-0.3	-0.93		0.64	-0.48	-0.45	0.7	-0.91	-0.21	0.23	-0.37	-0.63	0.63	-0.38	0.98	-0.22	-0.38	0.53	-0.14
Cash And Short Term Investments	0.57	0.06	-0.08	0.77	-0.66	0.78	0.15	-0.3	-0.67	0.64		0.25	-0.16	0.94	-0.54	0.21	0.7	0.4	-0.62	1.0	0.41	0.71	-0.09	0.44	-0.15	0.44
Net Receivables	0.88	0.01	0.1	0.73	0.48	0.68	0.46	-0.06	0.48	-0.48	0.25		0.57	0.12	0.53	0.57	0.49	0.78	0.08	0.27	0.88	-0.39	0.1	0.87	-0.69	0.64
Common Stock Shares Outstanding	0.42	0.04	0.12	0.15	0.53	0.2	0.16	0.2	0.59	-0.45	-0.16	0.57		-0.17	0.45	0.29	0.02	0.33	0.43	-0.15	0.48	-0.48	0.14	0.44	-0.31	0.19
Short Term Investments	0.42	0.04	-0.14	0.66	-0.7	0.66	0.06	-0.42	-0.74	0.7	0.94	0.12	-0.17		-0.71	0.25	0.61	0.23	-0.42	0.94	0.27	0.77	-0.13	0.3	-0.01	0.37
Non Current Liabilities Total	0.33	0.15	0.23	0.05	0.91	0.03	0.35	0.43	0.93	-0.91	-0.54	0.53	0.45	-0.71		0.06	-0.18	0.41	0.36	-0.52	0.48	-0.92	0.21	0.45	-0.52	0.2
Inventory	0.43	-0.4	-0.33	0.48	0.16	0.36	0.27	-0.29	0.11	-0.21	0.21	0.57	0.29	0.25	0.06		0.6	0.52	0.19	0.21	0.41	-0.12	-0.27	0.44	-0.49	0.35
Other Current Assets	0.6	-0.22	-0.32	0.75	-0.3	0.64	0.53	-0.23	-0.31	0.23	0.7	0.49	0.02	0.61	-0.18	0.6		0.68	-0.42	0.7	0.47	0.35	-0.33	0.5	-0.54	0.46
Other Stockholder Equity	0.8	0.03	0.17	0.81	0.24	0.74	0.5	0.19	0.22	-0.37	0.4	0.78	0.33	0.23	0.41	0.52	0.68		-0.13	0.41	0.8	-0.26	0.17	0.85	-0.96	0.46
Total Liab	-0.08	0.17	0.07	-0.27	0.68	-0.31	0.16	0.1	0.63	-0.63	-0.62	0.08	0.43	-0.42	0.36	0.19	-0.42	-0.13		-0.61	0.06	-0.63	0.06	0.01	-0.01	0.02
Total Current Assets	0.58	0.07	-0.07	0.78	-0.65	0.79	0.16	-0.3	-0.66	0.63	1.0	0.27	-0.15	0.94	-0.52	0.21	0.7	0.41	-0.61		0.42	0.7	-0.08	0.45	-0.17	0.45
Short Long Term Debt Total	0.98	0.25	0.13	0.84	0.41	0.82	0.55	0.05	0.39	-0.38	0.41	0.88	0.48	0.27	0.48	0.41	0.47	0.8	0.06	0.42		-0.32	0.1	0.98	-0.66	0.74
Current Deferred Revenue	-0.13	-0.07	-0.22	0.13	-0.96	0.13	-0.19	-0.35	-0.95	0.98	0.71	-0.39	-0.48	0.77	-0.92	-0.12	0.35	-0.26	-0.63	0.7	-0.32		-0.22	-0.31	0.42	-0.08
Other Assets	0.07	0.48	0.99	0.04	0.1	0.04	-0.13	0.58	0.16	-0.22	-0.09	0.1	0.14	-0.13	0.21	-0.27	-0.33	0.17	0.06	-0.08	0.1	-0.22		0.13	-0.25	-0.24
Short Term Debt	0.95	0.14	0.13	0.87	0.37	0.85	0.44	0.02	0.33	-0.38	0.44	0.87	0.44	0.3	0.45	0.44	0.5	0.85	0.01	0.45	0.98	-0.31	0.13		-0.73	0.7
Common Stock	-0.63	-0.03	-0.24	-0.63	-0.36	-0.54	-0.46	-0.33	-0.35	0.53	-0.15	-0.69	-0.31	-0.01	-0.52	-0.49	-0.54	-0.96	-0.01	-0.17	-0.66	0.42	-0.25	-0.73		-0.3
Other Liab	0.74	0.15	-0.2	0.7	0.21	0.67	0.55	-0.28	0.16	-0.14	0.44	0.64	0.19	0.37	0.2	0.35	0.46	0.46	0.02	0.45	0.74	-0.08	-0.24	0.7	-0.3

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Abrdn Asia Account Relationship Matchups

Abrdn Asia fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	284.7M	261.9M	188.6M	187.4M	168.6M	326.8M
Other Current Liab	(4.7M)	(766.5K)	(202.8K)	(267.9K)	(241.1K)	(229.0K)
Total Current Liabilities	4.7M	766.5K	71.5K	5.5M	5.0M	4.7M
Total Stockholder Equity	205.2M	184.3M	129.7M	126.6M	113.9M	108.2M
Net Debt	62.7M	60.0M	55.4M	50.7M	45.7M	75.8M
Retained Earnings	(272.0M)	(271.7M)	(285.7M)	(294.1M)	(264.7M)	(277.9M)
Accounts Payable	4.7M	766.5K	202.8K	267.9K	241.1K	229.0K
Cash	6.8M	14.1M	1.3M	4.2M	4.9M	8.7M
Non Current Assets Total	266.7M	240.1M	182.7M	174.2M	200.3M	328.0M
Non Currrent Assets Other	(266.7M)	(240.1M)	(182.7M)	(179.3M)	(161.4M)	(169.5M)
Cash And Short Term Investments	6.8M	14.1M	1.3M	9.4M	8.4M	8.0M
Net Receivables	6.9M	5.9M	3.9M	3.6M	3.3M	6.3M
Common Stock Shares Outstanding	51.4M	50.9M	50.7M	43.0M	49.4M	54.5M
Short Term Investments	58.6K	491.0K	182.7M	5.1M	4.6M	4.4M
Liabilities And Stockholders Equity	284.7M	261.9M	188.6M	187.4M	168.6M	326.8M
Non Current Liabilities Total	69.5M	74.1M	71.5K	55.0M	49.5M	75.0M
Inventory	(58.6K)	(491.0K)	(561.1K)	(5.1M)	(4.6M)	(4.4M)
Other Current Assets	8.4M	3.7M	561.1K	174.9K	157.4K	149.5K
Other Stockholder Equity	443.8M	435.2M	(66.5M)	(47.1M)	(42.4M)	(40.3M)
Total Liab	79.5M	77.6M	188.6M	60.8M	54.7M	95.7M
Total Current Assets	13.7M	20.1M	5.8M	13.2M	11.8M	11.3M
Short Long Term Debt Total	69.5M	74.1M	56.7M	55.0M	49.5M	86.8M
Current Deferred Revenue	(69.1M)	(74.8M)	(56.7M)	(54.7M)	(62.9M)	(66.1M)
Other Assets	4.3M	1.7M	14.4K	1.1K	952.2	904.59
Short Term Debt	69.5M	74.1M	56.7M	55.0M	49.5M	76.1M
Net Tangible Assets	230.6M	205.2M	184.3M	129.7M	116.7M	185.5M
Long Term Investments	266.7M	240.1M	182.7M	179.3M	161.4M	238.5M
Net Invested Capital	274.7M	258.5M	56.7M	181.6M	163.4M	203.5M

Pair Trading with Abrdn Asia

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

Moving against Abrdn Stock

0.86	EOG	Eco Atlantic Oil	Pair Corr
0.8	AEMC	Alaska Energy Metals	Pair Corr

The ability to find closely correlated positions to Abrdn Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abrdn Asia 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 Abrdn Asia - 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 abrdn Asia Pacific to buy it.

The correlation of Abrdn Asia 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 Abrdn Asia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if abrdn Asia Pacific 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 Abrdn Asia 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 Correlation Correlation Matching

Other Information on Investing in Abrdn Stock

Balance Sheet is a snapshot of the financial position of abrdn Asia Pacific at a specified time, usually calculated after every quarter, six months, or one year. Abrdn Asia Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Abrdn Asia and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Abrdn currently owns. An asset can also be divided into two categories, current and non-current.

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Abrdn Ev To Sales vs Roic Analysis

Ev To Sales vs Roic

Ev To Sales vs Roic Correlation Analysis

Correlation Coefficient

Ev To Sales

Roic

Abrdn Asia fundamental ratios Correlations

Abrdn Asia Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Abrdn Asia fundamental ratios Accounts

Pair Trading with Abrdn Asia

Moving against Abrdn Stock

Other Information on Investing in Abrdn Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Other Assets	+ 0.99	Total Current Liabilities
Short Long Term Debt Total	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Net Debt
Current Deferred Revenue	+ 0.98	Non Currrent Assets Other
Short Term Debt	+ 0.98	Short Long Term Debt Total

Common Stock	- 0.96	Other Stockholder Equity
Current Deferred Revenue	- 0.96	Net Debt
Non Currrent Assets Other	- 0.96	Net Debt
Current Deferred Revenue	- 0.95	Non Current Assets Total
Non Currrent Assets Other	- 0.93	Non Current Assets Total
Current Deferred Revenue	- 0.92	Non Current Liabilities Total