Wynn Free Cash Flow vs Cash Flows Other Operating Analysis
WYNN Stock | USD 91.29 0.45 0.49% |
Wynn Resorts financial indicator trend analysis is more than just analyzing Wynn Resorts Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wynn Resorts Limited is a good investment. Please check the relationship between Wynn Resorts Free Cash Flow and its Cash Flows Other Operating accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wynn Resorts Limited. 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.
Free Cash Flow vs Cash Flows Other Operating
Free Cash Flow vs Cash Flows Other Operating Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wynn Resorts Limited Free Cash Flow account and Cash Flows Other Operating. At this time, the significance of the direction appears to have very week relationship.
The correlation between Wynn Resorts' Free Cash Flow and Cash Flows Other Operating is 0.24. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Cash Flows Other Operating in the same time period over historical financial statements of Wynn Resorts Limited, assuming nothing else is changed. The correlation between historical values of Wynn Resorts' Free Cash Flow and Cash Flows Other Operating is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Wynn Resorts Limited are associated (or correlated) with its Cash Flows Other Operating. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Flows Other Operating has no effect on the direction of Free Cash Flow i.e., Wynn Resorts' Free Cash Flow and Cash Flows Other Operating go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Cash Flows Other Operating
Most indicators from Wynn Resorts' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wynn Resorts Limited 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 Wynn Resorts Limited. 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, Wynn Resorts' Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Tax Provision is likely to grow to about 9.1 M, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.2B | 1.3B | 2.1B | 1.3B | Total Revenue | 3.8B | 3.8B | 6.5B | 3.7B |
Wynn Resorts fundamental ratios Correlations
Click cells to compare fundamentals
Wynn Resorts Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wynn Resorts fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.9B | 13.9B | 12.5B | 13.4B | 14.0B | 8.8B | |
Other Current Liab | 572.3M | 422.8M | 557.8M | 515.3M | 1.1B | 1.2B | |
Total Current Liabilities | 2.0B | 1.9B | 1.3B | 1.8B | 2.2B | 1.1B | |
Total Stockholder Equity | 1.7B | (352.0M) | (214.4M) | (750.8M) | (251.4M) | (238.8M) | |
Net Debt | 8.2B | 9.7B | 9.5B | 10.1B | 10.5B | 11.1B | |
Accounts Payable | 262.4M | 148.5M | 170.5M | 197.5M | 208.3M | 187.0M | |
Cash | 2.4B | 3.5B | 2.5B | 3.7B | 2.9B | 1.8B | |
Other Assets | 791.8M | 581.6M | 210.7M | 391.0M | 1.0 | 0.95 | |
Long Term Debt | 10.1B | 12.5B | 11.9B | 11.6B | 11.0B | 6.4B | |
Cash And Short Term Investments | 2.4B | 3.5B | 2.5B | 3.7B | 3.7B | 1.9B | |
Common Stock Shares Outstanding | 107.0M | 106.7M | 113.8M | 113.6M | 112.9M | 109.0M | |
Liabilities And Stockholders Equity | 13.9B | 13.9B | 12.5B | 13.4B | 14.0B | 8.8B | |
Inventory | 88.5M | 66.3M | 70.0M | 70.1M | 75.6M | 66.5M | |
Other Current Assets | 69.5M | 129.3M | 84.0M | 93.0M | 1.0B | 1.1B | |
Total Liab | 12.3B | 14.6B | 13.4B | 15.1B | 15.1B | 7.8B | |
Total Current Assets | 2.9B | 3.8B | 2.9B | 4.0B | 4.2B | 2.3B | |
Property Plant Equipment | 9.6B | 9.2B | 9.1B | 8.7B | 10.1B | 5.7B | |
Intangible Assets | 146.4M | 134.1M | 177.8M | 154.7M | 311.2M | 326.8M | |
Short Long Term Debt Total | 10.6B | 13.2B | 12.0B | 13.7B | 13.4B | 7.4B | |
Property Plant And Equipment Net | 10.1B | 9.6B | 9.1B | 8.7B | 8.5B | 6.4B | |
Retained Earnings | 641.8M | (1.5B) | (2.3B) | (2.7B) | (2.1B) | (2.0B) | |
Non Current Assets Total | 11.0B | 10.1B | 9.7B | 9.4B | 9.8B | 7.0B | |
Non Currrent Assets Other | 223.1M | 183.0M | 210.7M | 391.0M | 402.6M | 263.9M | |
Net Receivables | 346.4M | 200.2M | 199.5M | 216.0M | 341.7M | 202.1M | |
Common Stock Total Equity | 1.2M | 1.2M | 1.2M | 1.3M | 1.5M | 1.3M | |
Non Current Liabilities Total | 10.3B | 12.7B | 12.1B | 13.2B | 12.9B | 7.3B | |
Other Stockholder Equity | 1.1B | 1.2B | 2.1B | 2.0B | 1.8B | 1.0B | |
Property Plant And Equipment Gross | 10.1B | 9.2B | 14.9B | 14.8B | 15.1B | 15.9B | |
Accumulated Other Comprehensive Income | (1.7M) | 3.6M | 6.0M | (404K) | 3.4M | 3.6M | |
Short Term Debt | 323.9M | 596.4M | 50M | 547.5M | 709.6M | 745.1M | |
Common Stock | 1.2M | 1.2M | 1.3M | 1.3M | 1.3M | 1.3M | |
Other Liab | 86.2M | 67.6M | 33.8M | 30.2M | 34.7M | 33.0M | |
Current Deferred Revenue | 824.3M | 646.9M | 436.4M | 506.1M | 56.1M | 53.3M | |
Treasury Stock | (1.3B) | (1.4B) | (1.4B) | (1.4B) | (1.3B) | (1.4B) | |
Net Tangible Assets | 1.6B | (630.2M) | (339.4M) | (996.1M) | (896.5M) | (851.7M) | |
Noncontrolling Interest In Consolidated Entity | (219.3M) | (201.6M) | (385.3M) | (621.8M) | (559.6M) | (531.6M) | |
Retained Earnings Total Equity | 921.8M | 641.8M | (1.5B) | (2.3B) | (2.1B) | (2.0B) |
Pair Trading with Wynn Resorts
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 Wynn Resorts 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 Wynn Resorts will appreciate offsetting losses from the drop in the long position's value.Moving together with Wynn Stock
Moving against Wynn Stock
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The ability to find closely correlated positions to Wynn Resorts could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wynn Resorts 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 Wynn Resorts - 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 Wynn Resorts Limited to buy it.
The correlation of Wynn Resorts 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 Wynn Resorts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wynn Resorts Limited 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 Wynn Resorts 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wynn Resorts Limited. 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Hotels, Restaurants & Leisure 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 Wynn Resorts. If investors know Wynn 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 Wynn Resorts 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 0.091 | Dividend Share 1 | Earnings Share 8.33 | Revenue Per Share 64.328 | Quarterly Revenue Growth 0.013 |
The market value of Wynn Resorts Limited is measured differently than its book value, which is the value of Wynn that is recorded on the company's balance sheet. Investors also form their own opinion of Wynn Resorts' value that differs from its market value or its book value, called intrinsic value, which is Wynn Resorts' 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 Wynn Resorts' market value can be influenced by many factors that don't directly affect Wynn Resorts' 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 Wynn Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wynn Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wynn Resorts' 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.