FingerMotion Net Debt vs Common Stock Analysis
| FNGR Stock | USD 2.01 0.02 1.01% |
FingerMotion financial indicator trend analysis is much more than just examining FingerMotion latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FingerMotion is a good investment. Please check the relationship between FingerMotion Net Debt and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FingerMotion. 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. To learn how to invest in FingerMotion Stock, please use our How to Invest in FingerMotion guide.
Net Debt vs Common Stock
Net Debt vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FingerMotion Net Debt account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between FingerMotion's Net Debt and Common Stock is -0.5. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of FingerMotion, assuming nothing else is changed. The correlation between historical values of FingerMotion's Net Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of FingerMotion are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., FingerMotion's Net Debt and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.5 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Common Stock
Most indicators from FingerMotion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FingerMotion 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FingerMotion. 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. To learn how to invest in FingerMotion Stock, please use our How to Invest in FingerMotion guide.At this time, FingerMotion's Selling General Administrative is relatively stable compared to the past year. As of 12/04/2024, Enterprise Value is likely to grow to about 144.7 M, while Issuance Of Capital Stock is likely to drop slightly above 798 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.8M | 2.3M | 3.9M | 4.1M | Total Revenue | 22.9M | 34.1M | 35.8M | 37.6M |
FingerMotion fundamental ratios Correlations
Click cells to compare fundamentals
FingerMotion Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with FingerMotion
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 FingerMotion 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 FingerMotion will appreciate offsetting losses from the drop in the long position's value.Moving against FingerMotion Stock
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| 0.39 | KT | KT Corporation | PairCorr |
The ability to find closely correlated positions to FingerMotion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FingerMotion 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 FingerMotion - 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 FingerMotion to buy it.
The correlation of FingerMotion 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 FingerMotion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FingerMotion 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 FingerMotion 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.Additional Tools for FingerMotion Stock Analysis
When running FingerMotion's price analysis, check to measure FingerMotion'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 FingerMotion is operating at the current time. Most of FingerMotion's value examination focuses on studying past and present price action to predict the probability of FingerMotion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FingerMotion's price. Additionally, you may evaluate how the addition of FingerMotion to your portfolios can decrease your overall portfolio volatility.