Tootsie Net Receivables from 2010 to 2024

TR Stock  USD 31.88  0.40  1.24%   
Tootsie Roll Net Receivables yearly trend continues to be relatively stable with very little volatility. Net Receivables is likely to drop to about 36.7 M. During the period from 2010 to 2024, Tootsie Roll Net Receivables destribution of quarterly values had range of 58.7 M from its regression line and mean deviation of  9,027,329. View All Fundamentals
 
Net Receivables  
First Reported
1985-12-31
Previous Quarter
52.6 M
Current Value
77.9 M
Quarterly Volatility
26.5 M
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Tootsie Roll financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tootsie Roll's main balance sheet or income statement drivers, such as Depreciation And Amortization of 12.8 M, Interest Expense of 353.9 K or Total Revenue of 451.1 M, as well as many indicators such as Price To Sales Ratio of 2.74, Dividend Yield of 0.0076 or PTB Ratio of 3.61. Tootsie financial statements analysis is a perfect complement when working with Tootsie Roll Valuation or Volatility modules.
  
Check out the analysis of Tootsie Roll Correlation against competitors.

Latest Tootsie Roll's Net Receivables Growth Pattern

Below is the plot of the Net Receivables of Tootsie Roll Industries over the last few years. It is Tootsie Roll's Net Receivables historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tootsie Roll's overall financial position and show how it may be relating to other accounts over time.
Net Receivables10 Years Trend
Slightly volatile
   Net Receivables   
       Timeline  

Tootsie Net Receivables Regression Statistics

Arithmetic Mean48,496,172
Geometric Mean44,543,832
Coefficient Of Variation29.23
Mean Deviation9,027,329
Median47,636,000
Standard Deviation14,173,561
Sample Variance200.9T
Range58.7M
R-Value0.50
Mean Square Error162T
R-Squared0.25
Significance0.06
Slope1,589,043
Total Sum of Squares2812.5T

Tootsie Net Receivables History

202436.7 M
202364.7 M
202262.9 M
202158.8 M
202045.1 M
201948.5 M
201852.7 M

About Tootsie Roll Financial Statements

Tootsie Roll shareholders use historical fundamental indicators, such as Net Receivables, to determine how well the company is positioned to perform in the future. Although Tootsie Roll investors may analyze each financial statement separately, they are all interrelated. The changes in Tootsie Roll's assets and liabilities, for example, are also reflected in the revenues and expenses on on Tootsie Roll's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Net Receivables64.7 M36.7 M

Pair Trading with Tootsie Roll

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

Moving together with Tootsie Stock

  0.7WEST Westrock CoffeePairCorr

Moving against Tootsie Stock

  0.65BUD Anheuser Busch InbevPairCorr
  0.59KAVL Kaival Brands InnovationsPairCorr
  0.53FMX Fomento EconomicoPairCorr
  0.45ABEV Ambev SA ADRPairCorr
  0.33OTLY Oatly Group ABPairCorr
The ability to find closely correlated positions to Tootsie Roll could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tootsie Roll 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 Tootsie Roll - 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 Tootsie Roll Industries to buy it.
The correlation of Tootsie Roll 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 Tootsie Roll moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tootsie Roll Industries 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 Tootsie Roll 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 Tootsie Stock Analysis

When running Tootsie Roll's price analysis, check to measure Tootsie Roll'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 Tootsie Roll is operating at the current time. Most of Tootsie Roll's value examination focuses on studying past and present price action to predict the probability of Tootsie Roll's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tootsie Roll's price. Additionally, you may evaluate how the addition of Tootsie Roll to your portfolios can decrease your overall portfolio volatility.