Zuora Good Will vs Other Stockholder Equity Analysis
ZUO Stock | USD 9.94 0.04 0.40% |
Zuora financial indicator trend analysis is more than just analyzing Zuora Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zuora Inc is a good investment. Please check the relationship between Zuora Good Will and its Other Stockholder Equity accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zuora 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 employment.
Good Will vs Other Stockholder Equity
Good Will vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zuora Inc Good Will account and Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zuora's Good Will and Other Stockholder Equity is 0.83. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Zuora Inc, assuming nothing else is changed. The correlation between historical values of Zuora's Good Will and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Zuora Inc are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Good Will i.e., Zuora's Good Will and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Other Stockholder Equity
Most indicators from Zuora's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zuora 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zuora 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 employment. As of the 25th of November 2024, Tax Provision is likely to grow to about 2.3 M, while Selling General Administrative is likely to drop about 51 M.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 26.5M | 26.1M | 18.2M | 16.9M | Interest Income | 1.8M | 9.1M | 22.1M | 23.2M |
Zuora fundamental ratios Correlations
Click cells to compare fundamentals
Zuora Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zuora fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 402.2M | 421.5M | 441.3M | 668.6M | 823.8M | 424.9M | |
Other Current Liab | 41.9M | 30.0M | 32.8M | 120.8M | 59.0M | 50.8M | |
Total Current Liabilities | 165.6M | 188.0M | 219.3M | 235.6M | 279.4M | 177.4M | |
Total Stockholder Equity | 164.7M | 171.9M | 170.6M | 173.2M | 133.7M | 138.9M | |
Other Liab | 3.5M | 6.3M | 5.7M | 11.5M | 13.2M | 13.9M | |
Net Tangible Assets | 141.4M | 150.4M | 149.5M | 30.0M | 34.5M | 32.7M | |
Retained Earnings | (390.8M) | (464.0M) | (563.4M) | (685.4M) | (829.6M) | (788.1M) | |
Accounts Payable | 2.1M | 2.2M | 6.8M | 1.1M | 3.2M | 3.0M | |
Cash | 54.3M | 94.1M | 113.5M | 203.2M | 256.1M | 268.9M | |
Other Assets | 24.4M | 25.8M | 31.5M | 32.9M | 37.9M | 21.2M | |
Net Receivables | 68.9M | 80.2M | 84.8M | 98.9M | 126.0M | 75.1M | |
Good Will | 20.6M | 20.9M | 17.6M | 54.0M | 56.7M | 59.5M | |
Common Stock Shares Outstanding | 111.1M | 117.6M | 124.2M | 131.4M | 140.1M | 110.8M | |
Short Term Investments | 117.7M | 92.5M | 101.9M | 183.0M | 258.1M | 271.0M | |
Other Current Assets | 16.4M | 26.4M | 28.1M | 33.4M | 37.1M | 18.8M | |
Other Stockholder Equity | 555.3M | 635.1M | 734.1M | 859.5M | 964.1M | 585.3M | |
Total Liab | 237.6M | 249.6M | 270.6M | 495.4M | 690.1M | 724.7M | |
Short Long Term Debt | 3.0M | 4.4M | 4.4M | 1.7M | 1.5M | 2.6M | |
Total Current Assets | 266.8M | 293.7M | 328.3M | 518.6M | 677.9M | 711.8M | |
Short Term Debt | 10.2M | 23.7M | 24.6M | 18.5M | 13.5M | 12.6M | |
Intangible Assets | 5.6M | 3.9M | 3.5M | 13.2M | 10.1M | 7.2M | |
Property Plant Equipment | 87.8M | 80.5M | 60.3M | 49.9M | 57.4M | 44.7M | |
Short Long Term Debt Total | 78.6M | 69.3M | 58.8M | 257.6M | 403.4M | 423.6M | |
Property Plant And Equipment Net | 87.8M | 80.5M | 60.3M | 49.9M | 48.4M | 50.3M | |
Current Deferred Revenue | 111.4M | 127.7M | 152.7M | 167.1M | 199.6M | 131.7M | |
Net Debt | 24.3M | (24.8M) | (54.8M) | 54.3M | 147.3M | 154.7M | |
Non Current Assets Total | 135.4M | 127.8M | 112.9M | 150.0M | 145.9M | 108.9M | |
Non Currrent Assets Other | 24.4M | 25.8M | 31.5M | 32.9M | 30.8M | 22.3M | |
Long Term Debt | 6.1M | 1.7M | 0.0 | 210.4M | 359.5M | 377.5M | |
Cash And Short Term Investments | 171.9M | 186.6M | 215.4M | 386.2M | 514.9M | 540.6M | |
Long Term Debt Total | 6.1M | 1.7M | 0.0 | 210.4M | 242.0M | 254.1M | |
Liabilities And Stockholders Equity | 402.2M | 421.5M | 441.3M | 668.6M | 823.8M | 458.2M | |
Non Current Liabilities Total | 71.9M | 61.6M | 51.3M | 259.8M | 410.7M | 431.3M | |
Capital Surpluse | 555.3M | 635.1M | 734.1M | 859.5M | 988.4M | 601.2M | |
Capital Lease Obligations | 68.1M | 63.2M | 57.1M | 47.2M | 43.9M | 39.0M | |
Inventory | 9.6M | 12.7M | 28.5M | 16.3M | 1.0 | 0.95 | |
Property Plant And Equipment Gross | 87.8M | 80.5M | 60.3M | 49.9M | 89.1M | 55.9M | |
Accumulated Other Comprehensive Income | 188K | 796K | (108K) | (919K) | (859.0K) | (816.0K) |
Pair Trading with Zuora
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 Zuora 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 Zuora will appreciate offsetting losses from the drop in the long position's value.Moving together with Zuora Stock
Moving against Zuora Stock
0.72 | VHAI | VHAI | PairCorr |
0.62 | VRAR | Glimpse Group | PairCorr |
0.62 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
0.52 | VRNT | Verint Systems | PairCorr |
The ability to find closely correlated positions to Zuora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zuora 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 Zuora - 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 Zuora Inc to buy it.
The correlation of Zuora 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 Zuora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zuora 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 Zuora 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 Zuora 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 employment. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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 Zuora. If investors know Zuora 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 Zuora listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share 3.064 | Quarterly Revenue Growth 0.068 | Return On Assets (0.02) | Return On Equity (0.31) |
The market value of Zuora Inc is measured differently than its book value, which is the value of Zuora that is recorded on the company's balance sheet. Investors also form their own opinion of Zuora's value that differs from its market value or its book value, called intrinsic value, which is Zuora'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 Zuora's market value can be influenced by many factors that don't directly affect Zuora'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 Zuora's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zuora is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zuora'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.