Wells Common Stock Shares Outstanding vs Current Deferred Revenue Analysis
WFC Stock | CAD 18.50 0.49 2.72% |
Wells Fargo financial indicator trend analysis is more than just analyzing Wall Financial current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wall Financial is a good investment. Please check the relationship between Wells Fargo Common Stock Shares Outstanding and its Current Deferred Revenue accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wall Financial. 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. To learn how to invest in Wells Stock, please use our How to Invest in Wells Fargo guide.
Common Stock Shares Outstanding vs Current Deferred Revenue
Common Stock Shares Outstanding vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wall Financial Common Stock Shares Outstanding account and Current Deferred Revenue. At this time, the significance of the direction appears to have no relationship.
The correlation between Wells Fargo's Common Stock Shares Outstanding and Current Deferred Revenue is 0.0. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Wall Financial, assuming nothing else is changed. The correlation between historical values of Wells Fargo's Common Stock Shares Outstanding and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Wall Financial are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Common Stock Shares Outstanding i.e., Wells Fargo's Common Stock Shares Outstanding and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Wells Fargo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wall Financial 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wall Financial. 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. To learn how to invest in Wells Stock, please use our How to Invest in Wells Fargo guide.At this time, Wells Fargo's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Tax Provision is likely to grow to about 11.3 M, while Enterprise Value Over EBITDA is likely to drop 15.65.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 59.2M | 63.4M | 71.8M | 54.8M | Total Revenue | 241.0M | 144.4M | 155.2M | 197.0M |
Wells Fargo fundamental ratios Correlations
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Wells Fargo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wells Fargo fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 973.5M | 874.1M | 874.7M | 896.3M | 642.1M | |
Short Long Term Debt Total | 645.1M | 606.3M | 568.0M | 539.9M | 633.8M | 417.6M | |
Other Current Liab | 8.8M | 51.8M | 22.5M | 4.7M | 11.4M | 18.5M | |
Total Current Liabilities | 508.1M | 434.5M | 348.8M | 235.1M | 343.2M | 297.7M | |
Total Stockholder Equity | 189.6M | 192.7M | 185.1M | 235.9M | 158.1M | 110.2M | |
Property Plant And Equipment Net | 127.8M | 120.3M | 113.6M | 109.0M | 107.0M | 181.6M | |
Net Debt | 588.9M | 588.4M | 547.9M | 514.5M | 611.1M | 401.6M | |
Retained Earnings | 165.2M | 168.2M | 160.6M | 211.4M | 133.6M | 97.4M | |
Accounts Payable | 25.1M | 26.1M | 21.5M | 19.6M | 27.8M | 20.0M | |
Cash | 56.2M | 18.0M | 20.1M | 25.4M | 22.8M | 16.1M | |
Non Current Assets Total | 765.0M | 720.8M | 748.4M | 798.9M | 807.4M | 505.6M | |
Cash And Short Term Investments | 56.2M | 18.0M | 20.1M | 25.4M | 22.8M | 25.8M | |
Net Receivables | 8.9M | 23.4M | 19.1M | 13.2M | 10.9M | 12.2M | |
Short Term Investments | 2.6M | 2.1M | 2.3M | 2.6M | 15.6K | 14.9K | |
Liabilities And Stockholders Equity | 1.1B | 973.5M | 874.1M | 874.7M | 896.3M | 638.8M | |
Non Current Liabilities Total | 276.2M | 260.2M | 277.8M | 351.6M | 345.0M | 201.4M | |
Inventory | 209.2M | 169.1M | 40.2M | 34.6M | 52.3M | 81.4M | |
Other Current Assets | 409.5K | 36.0K | 25.7K | 15.4K | 15.6K | 14.9K | |
Total Liab | 784.2M | 694.8M | 626.6M | 586.7M | 688.2M | 499.1M | |
Property Plant And Equipment Gross | 127.8M | 239.5M | 240.6M | 242.7M | 216.5M | 195.5M | |
Total Current Assets | 286.6M | 252.7M | 125.6M | 75.8M | 88.9M | 136.4M | |
Short Term Debt | 431.0M | 355.7M | 304.5M | 210.5M | 303.7M | 345.9M | |
Non Currrent Assets Other | 606.5M | 599.0M | 634.0M | 689.4M | 699.9M | 734.9M | |
Current Deferred Revenue | 47.6M | 26.8M | 336.5K | 281.1K | 252.9K | 240.3K | |
Other Liab | 62.1M | 9.6M | 14.3M | 22.2M | 25.5M | 22.9M | |
Net Tangible Assets | 189.6M | 192.7M | 185.1M | 235.9M | 271.3M | 160.3M | |
Other Assets | 172.4M | 139.0M | 114.1M | 589.8K | 530.8K | 504.2K | |
Long Term Debt | 214.1M | 250.6M | 263.5M | 329.5M | 330.1M | 223.2M | |
Short Long Term Debt | 431.0M | 355.7M | 304.5M | 210.5M | 303.7M | 387.9M | |
Property Plant Equipment | 592.4M | 581.7M | 634.2M | 109.0M | 125.3M | 119.0M | |
Long Term Debt Total | 214.1M | 250.6M | 263.5M | 329.5M | 378.9M | 246.4M | |
Cash And Equivalents | 56.2M | 18.0M | 20.1M | 25.4M | 22.9M | 24.5M | |
Net Invested Capital | 834.7M | 799.0M | 753.1M | 775.8M | 792.0M | 686.4M | |
Net Working Capital | (221.4M) | (181.9M) | (223.2M) | (159.3M) | (254.3M) | (267.0M) |
Pair Trading with Wells Fargo
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 Wells Fargo 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 Wells Fargo will appreciate offsetting losses from the drop in the long position's value.Moving against Wells Stock
0.76 | PIC-A | Premium Income Split | PairCorr |
0.65 | FFH | Fairfax Financial | PairCorr |
0.48 | FFH-PC | Fairfax Fin Hld | PairCorr |
0.45 | FFH-PF | Fairfax Financial | PairCorr |
0.44 | FFH-PK | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Wells Fargo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wells Fargo 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 Wells Fargo - 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 Wall Financial to buy it.
The correlation of Wells Fargo 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 Wells Fargo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wall Financial 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 Wells Fargo 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.Other Information on Investing in Wells Stock
Balance Sheet is a snapshot of the financial position of Wall Financial at a specified time, usually calculated after every quarter, six months, or one year. Wells Fargo Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wells Fargo 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 Wells currently owns. An asset can also be divided into two categories, current and non-current.