Corsair Retained Earnings vs Cash Analysis

CRSR Stock

USD 7.96 0.09 1.12%

Corsair Gaming financial indicator trend analysis is way more than just evaluating Corsair Gaming prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corsair Gaming is a good investment. Please check the relationship between Corsair Gaming Retained Earnings and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corsair Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Corsair Stock, please use our How to Invest in Corsair Gaming guide.

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corsair Gaming Retained Earnings account and Cash. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Corsair Gaming's Retained Earnings and Cash is 0.16. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Corsair Gaming, assuming nothing else is changed. The correlation between historical values of Corsair Gaming's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Corsair Gaming are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Corsair Gaming's Retained Earnings and Cash go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash

Cash refers to the most liquid asset of Corsair Gaming, which is listed under current asset account on Corsair Gaming balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Corsair Gaming customers. The amounts must be unrestricted with restricted cash listed in a different Corsair Gaming account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Corsair Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corsair Gaming 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 Corsair Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Corsair Stock, please use our How to Invest in Corsair Gaming guide.At this time, Corsair Gaming's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 12/11/2024, Enterprise Value Multiple is likely to grow to 24.62, though Tax Provision is likely to grow to (1.5 M).

	2021	2022	2023	2024 (projected)
Gross Profit	513.9M	296.6M	360.3M	376.4M
Total Revenue	1.9B	1.4B	1.5B	1.6B

Gross Profit Total Revenue

Corsair Gaming fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will
Other Current Liab		0.98	0.58	0.16	0.1	0.93	0.74	0.99	0.95	0.89	0.91	0.98	0.62	0.56	0.96	-0.69	0.88	0.48	-0.21	-0.73	0.8	0.91	0.73	-0.66	0.8	0.91
Total Current Liabilities	0.98		0.62	0.12	0.04	0.98	0.66	0.99	0.95	0.84	0.92	0.98	0.66	0.57	0.95	-0.71	0.86	0.52	-0.3	-0.76	0.83	0.88	0.61	-0.68	0.83	0.89
Other Liab	0.58	0.62		-0.49	-0.51	0.65	0.33	0.67	0.61	0.51	0.61	0.58	0.92	0.37	0.53	-0.25	0.41	0.31	-0.14	-0.35	0.42	0.57	0.24	-0.21	0.42	0.56
Net Tangible Assets	0.16	0.12	-0.49		0.91	0.04	0.09	0.11	0.21	0.26	0.16	0.25	-0.17	0.47	0.33	-0.69	0.49	0.49	0.31	-0.59	0.39	0.23	0.25	-0.71	0.39	0.26
Retained Earnings	0.1	0.04	-0.51	0.91		-0.03	0.26	0.05	0.16	0.11	-0.03	0.14	-0.21	0.17	0.2	-0.52	0.34	0.21	0.24	-0.37	0.16	0.05	0.36	-0.56	0.16	0.08
Accounts Payable	0.93	0.98	0.65	0.04	-0.03		0.59	0.95	0.91	0.74	0.86	0.94	0.65	0.52	0.9	-0.66	0.79	0.5	-0.4	-0.72	0.79	0.82	0.5	-0.61	0.79	0.83
Other Assets	0.74	0.66	0.33	0.09	0.26	0.59		0.69	0.74	0.65	0.53	0.65	0.35	0.02	0.58	-0.38	0.54	-0.11	-0.21	-0.29	0.3	0.48	0.96	-0.41	0.3	0.44
Net Receivables	0.99	0.99	0.67	0.11	0.05	0.95	0.69		0.96	0.87	0.93	0.98	0.72	0.6	0.96	-0.71	0.88	0.53	-0.22	-0.76	0.82	0.91	0.66	-0.68	0.82	0.91
Inventory	0.95	0.95	0.61	0.21	0.16	0.91	0.74	0.96		0.84	0.9	0.96	0.68	0.58	0.93	-0.77	0.89	0.53	-0.06	-0.76	0.75	0.84	0.71	-0.76	0.75	0.85
Other Current Assets	0.89	0.84	0.51	0.26	0.11	0.74	0.65	0.87	0.84		0.93	0.9	0.63	0.71	0.89	-0.74	0.91	0.52	0.0	-0.78	0.84	0.89	0.75	-0.74	0.84	0.89
Other Stockholder Equity	0.91	0.92	0.61	0.16	-0.03	0.86	0.53	0.93	0.9	0.93		0.96	0.69	0.75	0.93	-0.76	0.93	0.65	-0.02	-0.81	0.9	0.92	0.58	-0.74	0.9	0.94
Total Current Assets	0.98	0.98	0.58	0.25	0.14	0.94	0.65	0.98	0.96	0.9	0.96		0.68	0.68	0.98	-0.8	0.94	0.6	-0.15	-0.84	0.88	0.91	0.65	-0.78	0.88	0.93
Common Stock	0.62	0.66	0.92	-0.17	-0.21	0.65	0.35	0.72	0.68	0.63	0.69	0.68		0.56	0.64	-0.51	0.61	0.48	-0.01	-0.56	0.6	0.64	0.34	-0.48	0.6	0.65
Property Plant Equipment	0.56	0.57	0.37	0.47	0.17	0.52	0.02	0.6	0.58	0.71	0.75	0.68	0.56		0.76	-0.82	0.82	0.95	0.34	-0.91	0.85	0.79	0.16	-0.79	0.85	0.83
Total Assets	0.96	0.95	0.53	0.33	0.2	0.9	0.58	0.96	0.93	0.89	0.93	0.98	0.64	0.76		-0.82	0.95	0.69	-0.08	-0.88	0.9	0.96	0.61	-0.79	0.9	0.97
Short Long Term Debt Total	-0.69	-0.71	-0.25	-0.69	-0.52	-0.66	-0.38	-0.71	-0.77	-0.74	-0.76	-0.8	-0.51	-0.82	-0.82		-0.92	-0.79	-0.12	0.97	-0.85	-0.71	-0.47	0.99	-0.85	-0.75
Total Stockholder Equity	0.88	0.86	0.41	0.49	0.34	0.79	0.54	0.88	0.89	0.91	0.93	0.94	0.61	0.82	0.95	-0.92		0.73	0.09	-0.93	0.92	0.89	0.63	-0.91	0.92	0.93
Property Plant And Equipment Net	0.48	0.52	0.31	0.49	0.21	0.5	-0.11	0.53	0.53	0.52	0.65	0.6	0.48	0.95	0.69	-0.79	0.73		0.35	-0.87	0.76	0.71	-0.01	-0.75	0.76	0.75
Current Deferred Revenue	-0.21	-0.3	-0.14	0.31	0.24	-0.4	-0.21	-0.22	-0.06	0.0	-0.02	-0.15	-0.01	0.34	-0.08	-0.12	0.09	0.35		-0.07	-0.11	0.02	-0.06	-0.19	-0.11	0.04
Net Debt	-0.73	-0.76	-0.35	-0.59	-0.37	-0.72	-0.29	-0.76	-0.76	-0.78	-0.81	-0.84	-0.56	-0.91	-0.88	0.97	-0.93	-0.87	-0.07		-0.92	-0.82	-0.38	0.93	-0.92	-0.85
Cash	0.8	0.83	0.42	0.39	0.16	0.79	0.3	0.82	0.75	0.84	0.9	0.88	0.6	0.85	0.9	-0.85	0.92	0.76	-0.11	-0.92		0.86	0.38	-0.82	1.0	0.9
Non Current Assets Total	0.91	0.88	0.57	0.23	0.05	0.82	0.48	0.91	0.84	0.89	0.92	0.91	0.64	0.79	0.96	-0.71	0.89	0.71	0.02	-0.82	0.86		0.53	-0.67	0.86	0.99
Non Currrent Assets Other	0.73	0.61	0.24	0.25	0.36	0.5	0.96	0.66	0.71	0.75	0.58	0.65	0.34	0.16	0.61	-0.47	0.63	-0.01	-0.06	-0.38	0.38	0.53		-0.52	0.38	0.5
Long Term Debt	-0.66	-0.68	-0.21	-0.71	-0.56	-0.61	-0.41	-0.68	-0.76	-0.74	-0.74	-0.78	-0.48	-0.79	-0.79	0.99	-0.91	-0.75	-0.19	0.93	-0.82	-0.67	-0.52		-0.82	-0.72
Cash And Short Term Investments	0.8	0.83	0.42	0.39	0.16	0.79	0.3	0.82	0.75	0.84	0.9	0.88	0.6	0.85	0.9	-0.85	0.92	0.76	-0.11	-0.92	1.0	0.86	0.38	-0.82		0.9
Good Will	0.91	0.89	0.56	0.26	0.08	0.83	0.44	0.91	0.85	0.89	0.94	0.93	0.65	0.83	0.97	-0.75	0.93	0.75	0.04	-0.85	0.9	0.99	0.5	-0.72	0.9

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Corsair Gaming Account Relationship Matchups

Corsair Gaming fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	111.3M	174.2M	190.1M	141.8M	134.9M	112.6M
Total Current Liabilities	299.9M	505.4M	446.7M	343.0M	418.5M	347.2M
Other Liab	39.6M	32.4M	25.7M	21.2M	24.4M	30.9M
Net Tangible Assets	(387.0M)	(134.7M)	25.4M	59.8M	68.8M	72.3M
Retained Earnings	(106.0M)	(2.8M)	98.1M	37.2M	40.4M	42.4M
Accounts Payable	182.0M	299.6M	236.1M	172.0M	240.0M	208.1M
Other Assets	10.8M	34.6M	72.0M	30.3M	1.0	0.95
Net Receivables	202.3M	293.6M	291.3M	235.7M	253.3M	220.0M
Inventory	151.1M	226.0M	298.3M	192.7M	240.2M	201.3M
Other Current Assets	24.7M	41.8M	53.8M	83.8M	42.5M	36.8M
Other Stockholder Equity	325.0M	438.7M	470.4M	593.5M	630.6M	373.8M
Total Current Assets	429.8M	691.0M	705.8M	622.8M	711.6M	545.3M
Property Plant Equipment	15.4M	16.5M	16.8M	80.1M	92.1M	96.7M
Total Assets	1.1B	1.3B	1.3B	1.3B	1.4B	1.3B
Short Long Term Debt Total	505.8M	339.0M	308.3M	295.2M	246.5M	282.3M
Total Stockholder Equity	216.8M	437.4M	568.2M	623.8M	667.6M	490.7M
Property Plant And Equipment Net	15.4M	16.5M	16.8M	34.9M	68.5M	72.0M
Current Deferred Revenue	4.2M	(9.1M)	6.7M	6.3M	7.4M	7.8M
Net Debt	457.6M	205.6M	243.1M	141.3M	70.9M	67.3M
Cash	48.2M	133.3M	65.1M	153.8M	175.6M	110.3M
Non Current Assets Total	629.9M	623.1M	631.6M	674.5M	645.9M	678.3M
Non Currrent Assets Other	10.8M	29.6M	72.0M	51.7M	6.9M	6.5M
Long Term Debt	503.4M	321.4M	242.9M	232.2M	186.0M	250.7M
Cash And Short Term Investments	48.2M	133.3M	65.1M	153.8M	175.6M	110.3M
Good Will	312.8M	312.8M	317.1M	347.7M	354.7M	343.1M
Liabilities And Stockholders Equity	1.1B	1.3B	1.3B	1.3B	1.4B	1.3B
Non Current Liabilities Total	543.0M	371.3M	322.5M	298.8M	245.0M	294.6M
Total Liab	842.9M	876.7M	769.2M	641.8M	663.5M	592.3M
Net Invested Capital	722.6M	758.8M	815.8M	862.5M	865.8M	845.3M
Property Plant And Equipment Gross	15.4M	16.5M	16.8M	112.6M	104.2M	109.4M
Accumulated Other Comprehensive Income	(2.2M)	1.5M	(340K)	(6.9M)	(3.5M)	(3.7M)
Non Current Liabilities Other	5.7M	20.2M	53.9M	48.6M	3.0M	2.9M
Net Working Capital	129.9M	185.6M	259.0M	279.8M	293.1M	228.2M
Short Term Debt	2.4M	9.1M	14.2M	17.5M	21.9M	17.2M

Pair Trading with Corsair Gaming

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

Moving together with Corsair Stock

0.81	EXTR	Extreme Networks	Pair Corr
0.78	HPE	Hewlett Packard Ente Downward Rally	Pair Corr

Moving against Corsair Stock

0.52	JNPR	Juniper Networks	Pair Corr
0.48	DM	Desktop Metal	Pair Corr

The ability to find closely correlated positions to Corsair Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corsair Gaming 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 Corsair Gaming - 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 Corsair Gaming to buy it.

The correlation of Corsair Gaming 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 Corsair Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corsair Gaming 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 Corsair Gaming 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 Correlation Correlation Matching

Additional Tools for Corsair Stock Analysis

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

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