CoStar Common Stock vs Property Plant And Equipment Net Analysis

CSGP Stock  USD 65.69  1.55  2.31%   
CoStar financial indicator trend analysis is way more than just evaluating CoStar Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CoStar Group is a good investment. Please check the relationship between CoStar Common Stock and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CoStar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Common Stock vs Property Plant And Equipment Net

Common Stock vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CoStar Group Common Stock account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have very strong relationship.
The correlation between CoStar's Common Stock and Property Plant And Equipment Net is 0.87. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of CoStar Group, assuming nothing else is changed. The correlation between historical values of CoStar's Common Stock and Property Plant And Equipment Net 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 of CoStar Group are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Common Stock i.e., CoStar's Common Stock and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Common Stock

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from CoStar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CoStar Group 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 CoStar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
At this time, CoStar's Selling General Administrative is relatively stable compared to the past year. Issuance Of Capital Stock is expected to grow at the current pace this year, while Tax Provision is likely to drop slightly above 76.1 M.
 2023 2024 2025 2026 (projected)
Gross Profit2.0B2.2B2.5B2.6B
Total Revenue2.5B2.7B3.1B3.3B

CoStar fundamental ratios Correlations

0.930.970.981.00.89-0.940.910.990.970.860.990.980.671.00.970.880.990.720.990.910.950.920.940.870.92
0.930.890.890.90.77-0.890.830.940.860.720.940.860.580.910.980.760.940.710.880.840.850.870.990.780.87
0.970.891.00.970.95-0.890.950.950.960.830.950.970.590.960.940.950.960.670.980.930.910.90.90.820.9
0.980.891.00.980.96-0.880.960.950.970.860.950.980.620.970.950.950.950.690.980.930.930.910.910.860.91
1.00.90.970.980.89-0.950.910.980.970.870.980.990.671.00.960.880.980.710.990.90.960.920.920.870.92
0.890.770.950.960.89-0.750.980.840.90.850.840.90.450.860.851.00.850.510.930.880.810.870.790.760.87
-0.94-0.89-0.89-0.88-0.95-0.75-0.79-0.98-0.86-0.75-0.98-0.92-0.65-0.95-0.9-0.74-0.97-0.7-0.93-0.82-0.86-0.89-0.89-0.73-0.89
0.910.830.950.960.910.98-0.790.880.910.860.880.910.50.890.890.980.880.550.930.880.840.90.840.770.9
0.990.940.950.950.980.84-0.980.880.920.811.00.960.620.980.960.841.00.690.970.880.90.930.940.790.93
0.970.860.960.970.970.9-0.860.910.920.890.920.970.70.970.930.890.920.730.960.890.980.860.890.940.86
0.860.720.830.860.870.85-0.750.860.810.890.810.850.520.860.80.830.810.490.870.810.850.770.760.860.77
0.990.940.950.950.980.84-0.980.881.00.920.810.960.620.980.960.841.00.690.970.880.90.930.940.790.93
0.980.860.970.980.990.9-0.920.910.960.970.850.960.660.980.920.90.960.70.990.890.940.920.880.850.92
0.670.580.590.620.670.45-0.650.50.620.70.520.620.660.70.630.440.620.80.60.560.770.520.610.720.52
1.00.910.960.971.00.86-0.950.890.980.970.860.980.980.70.960.850.980.730.970.890.960.90.930.880.9
0.970.980.940.950.960.85-0.90.890.960.930.80.960.920.630.960.840.960.730.940.890.920.90.990.850.9
0.880.760.950.950.881.0-0.740.980.840.890.830.840.90.440.850.840.840.50.920.870.80.860.780.740.87
0.990.940.960.950.980.85-0.970.881.00.920.811.00.960.620.980.960.840.690.970.890.910.930.940.80.93
0.720.710.670.690.710.51-0.70.550.690.730.490.690.70.80.730.730.50.690.680.660.780.60.730.710.6
0.990.880.980.980.990.93-0.930.930.970.960.870.970.990.60.970.940.920.970.680.90.920.940.90.840.94
0.910.840.930.930.90.88-0.820.880.880.890.810.880.890.560.890.890.870.890.660.90.840.760.850.790.77
0.950.850.910.930.960.81-0.860.840.90.980.850.90.940.770.960.920.80.910.780.920.840.820.890.960.82
0.920.870.90.910.920.87-0.890.90.930.860.770.930.920.520.90.90.860.930.60.940.760.820.870.71.0
0.940.990.90.910.920.79-0.890.840.940.890.760.940.880.610.930.990.780.940.730.90.850.890.870.830.87
0.870.780.820.860.870.76-0.730.770.790.940.860.790.850.720.880.850.740.80.710.840.790.960.70.830.7
0.920.870.90.910.920.87-0.890.90.930.860.770.930.920.520.90.90.870.930.60.940.770.821.00.870.7
Click cells to compare fundamentals

CoStar Account Relationship Matchups

CoStar fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets7.3B8.4B8.9B9.3B10.6B11.2B
Short Long Term Debt Total1.1B1.1B1.1B1.0B1.2B1.3B
Other Current Liab163.5M194.2M280.8M313M360.0M377.9M
Total Current Liabilities338.7M372.6M455.8M552.3M635.1M666.9M
Total Stockholder Equity5.7B6.9B7.3B7.6B8.7B9.1B
Property Plant And Equipment Net372.1M401.6M552M1.1B1.3B1.3B
Net Debt(2.7B)(3.9B)(4.1B)(3.6B)(3.3B)(3.1B)
Accounts Payable22.2M28.5M23.1M47M54.1M56.8M
Cash3.8B5.0B5.2B4.7B5.4B5.7B
Non Current Assets Total3.3B3.2B3.4B4.3B5.0B5.2B
Non Currrent Assets Other123.6M159.2M17.7M191.3M220.0M231.0M
Cash And Short Term Investments3.8B5.0B5.2B4.7B5.4B5.7B
Net Receivables124.8M153.9M195.8M187.9M216.1M226.9M
Common Stock Shares Outstanding394.2M397.8M406.9M407.8M469.0M276.5M
Liabilities And Stockholders Equity7.3B8.4B8.9B9.3B10.6B11.2B
Other Stockholder Equity4.3B5.1B5.1B5.2B6.0B6.3B
Total Liab1.5B1.5B1.6B1.7B2.0B2.1B
Property Plant And Equipment Gross372.1M401.6M657.5M1.3B1.4B1.5B
Total Current Assets4.0B5.2B5.5B5.0B5.7B6.0B
Accumulated Other Comprehensive Income(5.8M)(29.1M)(17.6M)(25.5M)(23.0M)(21.8M)
Short Term Debt26.3M36M40M32M36.8M22.9M
Retained Earnings1.5B1.8B2.2B2.3B2.7B2.8B
Other Current Assets22.8M64.0M64.4M81.3M93.5M98.2M
Good Will2.3B2.3B2.4B2.5B2.9B3.1B
Common Stock Total Equity366K394K3.9M4.1M4.7M4.9M
Non Current Liabilities Total1.2B1.2B1.1B1.2B1.3B1.4B
Intangible Assets435.7M329.3M313.7M433.2M498.2M523.1M
Common Stock394K3.9M4.1M4.1M4.7M5.0M
Other Assets118.9M237.8M140.0M170.9M196.5M206.4M
Property Plant Equipment107.5M126.3M271.4M321.3M369.4M387.9M
Current Deferred Revenue95.5M103.6M104.2M137.1M157.7M165.5M
Other Liab121.2M98.3M111.2M94.5M108.7M72.1M
Net Tangible Assets1.1B2.7B3.0B4.2B4.9B5.1B
Long Term Debt987.9M989.2M990.5M991.9M1.1B1.2B
Retained Earnings Total Equity940.5M1.2B1.5B1.8B2.1B2.2B
Capital Surpluse2.5B4.2B4.3B5.1B5.8B6.1B
Deferred Long Term Liab87.1M1.1B98.7M76.2M87.6M158.4M

Pair Trading with CoStar

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

Moving against CoStar Stock

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The ability to find closely correlated positions to CoStar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoStar 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 CoStar - 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 CoStar Group to buy it.
The correlation of CoStar 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 CoStar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CoStar Group 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 CoStar 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 CorrelationCorrelation Matching

Additional Tools for CoStar Stock Analysis

When running CoStar's price analysis, check to measure CoStar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CoStar is operating at the current time. Most of CoStar's value examination focuses on studying past and present price action to predict the probability of CoStar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoStar's price. Additionally, you may evaluate how the addition of CoStar to your portfolios can decrease your overall portfolio volatility.