Blade Total Current Assets vs Short Term Investments Analysis

BLDEW Stock  USD 0.49  0.04  8.89%   
Blade Air financial indicator trend analysis is way more than just evaluating Blade Air Mobility prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blade Air Mobility is a good investment. Please check the relationship between Blade Air Total Current Assets and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blade Air Mobility. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Total Current Assets vs Short Term Investments

Total Current Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blade Air Mobility Total Current Assets account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Blade Air's Total Current Assets and Short Term Investments is 0.24. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Blade Air Mobility, assuming nothing else is changed. The correlation between historical values of Blade Air's Total Current Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Blade Air Mobility are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Current Assets i.e., Blade Air's Total Current Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Short Term Investments

Short Term Investments is an item under the current assets section of Blade Air balance sheet. It contains any investments Blade Air Mobility undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Blade Air Mobility can easily liquidate in the marketplace.
Most indicators from Blade Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blade Air Mobility 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 Blade Air Mobility. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Selling General Administrative is likely to climb to about 99.9 M in 2024, whereas Tax Provision is likely to drop (1.5 M) in 2024.
 2021 2022 2023 2024 (projected)
Interest Income460K3.4M8.4M5.7M
Net Interest Income460K3.4M8.4M8.9M

Blade Air fundamental ratios Correlations

0.170.97-0.130.050.750.51-0.23-0.180.390.87-0.350.22-0.010.230.33-0.010.250.320.240.25-0.080.370.20.340.28
0.17-0.08-0.940.89-0.50.89-0.940.860.96-0.32-0.90.940.420.960.950.040.920.960.970.97-0.570.860.890.970.99
0.97-0.080.12-0.170.880.27-0.01-0.420.140.96-0.1-0.01-0.120.00.08-0.040.010.070.010.010.070.12-0.020.090.03
-0.13-0.940.12-0.80.55-0.860.89-0.83-0.920.330.94-0.86-0.6-0.88-0.96-0.23-0.96-0.91-0.91-0.930.78-0.89-0.93-0.93-0.95
0.050.89-0.17-0.8-0.560.72-0.930.760.79-0.43-0.750.90.140.90.83-0.380.860.930.880.8-0.430.670.840.830.83
0.75-0.50.880.55-0.56-0.150.44-0.7-0.280.960.32-0.43-0.32-0.42-0.36-0.01-0.45-0.38-0.42-0.40.41-0.27-0.47-0.33-0.4
0.510.890.27-0.860.72-0.15-0.790.750.980.05-0.970.770.290.80.960.110.840.920.830.86-0.480.970.760.970.9
-0.23-0.94-0.010.89-0.930.44-0.79-0.67-0.860.240.81-0.99-0.44-0.99-0.890.12-0.97-0.95-0.98-0.930.66-0.72-0.96-0.88-0.94
-0.180.86-0.42-0.830.76-0.70.75-0.670.81-0.6-0.810.670.240.690.810.10.690.780.720.75-0.370.820.620.840.78
0.390.960.14-0.920.79-0.280.98-0.860.81-0.09-0.970.850.370.880.980.120.880.950.90.93-0.530.960.821.00.96
0.87-0.320.960.33-0.430.960.050.24-0.6-0.090.11-0.25-0.13-0.24-0.150.07-0.22-0.19-0.23-0.20.17-0.07-0.24-0.15-0.2
-0.35-0.9-0.10.94-0.750.32-0.970.81-0.81-0.970.11-0.76-0.38-0.79-0.99-0.16-0.89-0.93-0.83-0.860.61-0.99-0.82-0.97-0.9
0.220.94-0.01-0.860.9-0.430.77-0.990.670.85-0.25-0.760.461.00.85-0.090.920.920.990.95-0.60.680.930.870.95
-0.010.42-0.12-0.60.14-0.320.29-0.440.240.37-0.13-0.380.460.470.410.740.550.280.50.58-0.870.320.620.350.52
0.230.960.0-0.880.9-0.420.8-0.990.690.88-0.24-0.791.00.470.88-0.060.940.931.00.97-0.610.720.930.890.97
0.330.950.08-0.960.83-0.360.96-0.890.810.98-0.15-0.990.850.410.880.10.940.970.90.91-0.640.960.880.980.95
-0.010.04-0.04-0.23-0.38-0.010.110.120.10.120.07-0.16-0.090.74-0.060.10.05-0.130.010.18-0.470.220.060.080.13
0.250.920.01-0.960.86-0.450.84-0.970.690.88-0.22-0.890.920.550.940.940.050.940.940.92-0.790.810.990.90.94
0.320.960.07-0.910.93-0.380.92-0.950.780.95-0.19-0.930.920.280.930.97-0.130.940.940.91-0.550.880.890.970.94
0.240.970.01-0.910.88-0.420.83-0.980.720.9-0.23-0.830.990.51.00.90.010.940.940.98-0.630.760.940.920.98
0.250.970.01-0.930.8-0.40.86-0.930.750.93-0.2-0.860.950.580.970.910.180.920.910.98-0.660.810.910.930.99
-0.08-0.570.070.78-0.430.41-0.480.66-0.37-0.530.170.61-0.6-0.87-0.61-0.64-0.47-0.79-0.55-0.63-0.66-0.52-0.83-0.53-0.65
0.370.860.12-0.890.67-0.270.97-0.720.820.96-0.07-0.990.680.320.720.960.220.810.880.760.81-0.520.720.950.86
0.20.89-0.02-0.930.84-0.470.76-0.960.620.82-0.24-0.820.930.620.930.880.060.990.890.940.91-0.830.720.830.92
0.340.970.09-0.930.83-0.330.97-0.880.841.0-0.15-0.970.870.350.890.980.080.90.970.920.93-0.530.950.830.96
0.280.990.03-0.950.83-0.40.9-0.940.780.96-0.2-0.90.950.520.970.950.130.940.940.980.99-0.650.860.920.96
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Blade Air Account Relationship Matchups

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