Himalaya Total Assets vs Current Deferred Revenue Analysis

HSHP Stock

5.54 0.35 5.94%

Himalaya Shipping financial indicator trend analysis is much more than just examining Himalaya Shipping latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Himalaya Shipping is a good investment. Please check the relationship between Himalaya Shipping Total Assets and its Current Deferred Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himalaya Shipping. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Himalaya Stock, please use our How to Invest in Himalaya Shipping guide.

Total Assets vs Current Deferred Revenue

Total Assets vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Himalaya Shipping Total Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Himalaya Shipping's Total Assets and Current Deferred Revenue is 0.91. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Himalaya Shipping, assuming nothing else is changed. The correlation between historical values of Himalaya Shipping's Total Assets and Current Deferred Revenue 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 Assets of Himalaya Shipping are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Assets i.e., Himalaya Shipping's Total Assets and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Himalaya Shipping assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Himalaya Shipping books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Himalaya Shipping's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Himalaya Shipping 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himalaya Shipping. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Himalaya Stock, please use our How to Invest in Himalaya Shipping guide.At this time, Himalaya Shipping's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 12/04/2024, Enterprise Value Multiple is likely to grow to 28.90, while Selling General Administrative is likely to drop slightly above 2.7 M.

	2010	2023	2024 (projected)
Interest Expense	2.9M	13.6M	9.1M
Interest Income	38K	830K	477.4K

Interest Expense Interest Income

Himalaya Shipping fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Common Stock
Total Assets		0.98	0.81	0.98	-0.73	-0.77	1.0	0.91	-0.36	0.14	0.69	1.0	0.85	-0.81	0.69	0.91	0.91	0.99	0.91	1.0	1.0	0.84	0.97	-0.84	-0.16	0.98
Other Current Liab	0.98		0.91	0.93	-0.72	-0.77	0.99	0.91	-0.54	0.33	0.54	0.98	0.94	-0.9	0.54	0.97	0.9	0.94	0.91	0.97	0.98	0.72	0.93	-0.93	-0.35	0.94
Total Current Liabilities	0.81	0.91		0.71	-0.64	-0.7	0.83	0.8	-0.83	0.67	0.14	0.82	0.99	-0.99	0.14	0.98	0.78	0.73	0.8	0.79	0.82	0.36	0.73	-1.0	-0.69	0.74
Total Stockholder Equity	0.98	0.93	0.71		-0.78	-0.8	0.98	0.92	-0.2	-0.04	0.79	0.98	0.75	-0.72	0.79	0.84	0.93	1.0	0.92	0.99	0.98	0.91	0.99	-0.74	0.01	0.99
Other Liab	-0.73	-0.72	-0.64	-0.78		1.0	-0.73	-0.94	0.24	0.02	-0.47	-0.73	-0.56	0.73	-0.47	-0.73	-0.95	-0.77	-0.94	-0.73	-0.73	-0.58	-0.84	0.64	0.0	-0.84
Net Tangible Assets	-0.77	-0.77	-0.7	-0.8	1.0		-0.77	-0.96	0.31	-0.05	-0.45	-0.77	-0.63	0.79	-0.45	-0.79	-0.96	-0.79	-0.96	-0.76	-0.77	-0.58	-0.86	0.71	0.08	-0.86
Property Plant And Equipment Net	1.0	0.99	0.83	0.98	-0.73	-0.77		0.92	-0.39	0.16	0.67	1.0	0.86	-0.82	0.67	0.92	0.91	0.98	0.92	1.0	1.0	0.83	0.97	-0.85	-0.19	0.97
Net Debt	0.91	0.91	0.8	0.92	-0.94	-0.96	0.92		-0.37	0.12	0.57	0.92	0.78	-0.86	0.57	0.9	1.0	0.92	1.0	0.91	0.92	0.72	0.96	-0.82	-0.14	0.96
Retained Earnings	-0.36	-0.54	-0.83	-0.2	0.24	0.31	-0.39	-0.37		-0.96	0.42	-0.38	-0.79	0.8	0.42	-0.7	-0.34	-0.23	-0.37	-0.33	-0.38	0.2	-0.23	0.81	0.97	-0.24
Accounts Payable	0.14	0.33	0.67	-0.04	0.02	-0.05	0.16	0.12	-0.96		-0.6	0.16	0.64	-0.61	-0.6	0.5	0.08	-0.01	0.11	0.1	0.16	-0.4	-0.02	-0.64	-1.0	-0.01
Cash	0.69	0.54	0.14	0.79	-0.47	-0.45	0.67	0.57	0.42	-0.6		0.67	0.22	-0.15	1.0	0.33	0.59	0.78	0.57	0.72	0.68	0.97	0.75	-0.18	0.58	0.75
Non Current Assets Total	1.0	0.98	0.82	0.98	-0.73	-0.77	1.0	0.92	-0.38	0.16	0.67		0.86	-0.82	0.67	0.92	0.91	0.99	0.92	1.0	1.0	0.83	0.97	-0.85	-0.19	0.97
Non Currrent Assets Other	0.85	0.94	0.99	0.75	-0.56	-0.63	0.86	0.78	-0.79	0.64	0.22	0.86		-0.96	0.22	0.97	0.76	0.77	0.78	0.83	0.86	0.44	0.75	-0.99	-0.66	0.76
Other Assets	-0.81	-0.9	-0.99	-0.72	0.73	0.79	-0.82	-0.86	0.8	-0.61	-0.15	-0.82	-0.96		-0.15	-0.98	-0.84	-0.74	-0.86	-0.79	-0.82	-0.37	-0.76	0.99	0.63	-0.77
Cash And Short Term Investments	0.69	0.54	0.14	0.79	-0.47	-0.45	0.67	0.57	0.42	-0.6	1.0	0.67	0.22	-0.15		0.33	0.59	0.78	0.57	0.72	0.68	0.97	0.75	-0.18	0.58	0.75
Common Stock Shares Outstanding	0.91	0.97	0.98	0.84	-0.73	-0.79	0.92	0.9	-0.7	0.5	0.33	0.92	0.97	-0.98	0.33		0.88	0.85	0.9	0.89	0.92	0.54	0.85	-0.99	-0.52	0.86
Non Current Liabilities Total	0.91	0.9	0.78	0.93	-0.95	-0.96	0.91	1.0	-0.34	0.08	0.59	0.91	0.76	-0.84	0.59	0.88		0.93	1.0	0.91	0.91	0.73	0.96	-0.8	-0.1	0.96
Other Stockholder Equity	0.99	0.94	0.73	1.0	-0.77	-0.79	0.98	0.92	-0.23	-0.01	0.78	0.99	0.77	-0.74	0.78	0.85	0.93		0.92	0.99	0.99	0.9	0.99	-0.76	-0.02	0.99
Total Liab	0.91	0.91	0.8	0.92	-0.94	-0.96	0.92	1.0	-0.37	0.11	0.57	0.92	0.78	-0.86	0.57	0.9	1.0	0.92		0.91	0.92	0.72	0.96	-0.82	-0.14	0.96
Net Invested Capital	1.0	0.97	0.79	0.99	-0.73	-0.76	1.0	0.91	-0.33	0.1	0.72	1.0	0.83	-0.79	0.72	0.89	0.91	0.99	0.91		1.0	0.86	0.98	-0.82	-0.13	0.98
Property Plant And Equipment Gross	1.0	0.98	0.82	0.98	-0.73	-0.77	1.0	0.92	-0.38	0.16	0.68	1.0	0.86	-0.82	0.68	0.92	0.91	0.99	0.92	1.0		0.83	0.97	-0.85	-0.18	0.97
Total Current Assets	0.84	0.72	0.36	0.91	-0.58	-0.58	0.83	0.72	0.2	-0.4	0.97	0.83	0.44	-0.37	0.97	0.54	0.73	0.9	0.72	0.86	0.83		0.88	-0.41	0.38	0.87
Capital Stock	0.97	0.93	0.73	0.99	-0.84	-0.86	0.97	0.96	-0.23	-0.02	0.75	0.97	0.75	-0.76	0.75	0.85	0.96	0.99	0.96	0.98	0.97	0.88		-0.76	-0.01	1.0
Non Current Liabilities Other	-0.84	-0.93	-1.0	-0.74	0.64	0.71	-0.85	-0.82	0.81	-0.64	-0.18	-0.85	-0.99	0.99	-0.18	-0.99	-0.8	-0.76	-0.82	-0.82	-0.85	-0.41	-0.76		0.66	-0.76
Net Working Capital	-0.16	-0.35	-0.69	0.01	0.0	0.08	-0.19	-0.14	0.97	-1.0	0.58	-0.19	-0.66	0.63	0.58	-0.52	-0.1	-0.02	-0.14	-0.13	-0.18	0.38	-0.01	0.66		-0.02
Common Stock	0.98	0.94	0.74	0.99	-0.84	-0.86	0.97	0.96	-0.24	-0.01	0.75	0.97	0.76	-0.77	0.75	0.86	0.96	0.99	0.96	0.98	0.97	0.87	1.0	-0.76	-0.02

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Himalaya Shipping Account Relationship Matchups

Pair Trading with Himalaya Shipping

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

Moving together with Himalaya Stock

0.92

Safe Bulkers

Pair Corr

Moving against Himalaya Stock

0.8	ULTRF	Ultrapetrol Bahamas	Pair Corr
0.68	HTCO	Caravelle International Symbol Change	Pair Corr
0.56	SB-PC	Safe Bulkers	Pair Corr
0.49	ICON	Icon Energy Corp	Pair Corr
0.48	SB-PD	Safe Bulkers	Pair Corr

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

The correlation of Himalaya Shipping 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 Himalaya Shipping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Himalaya Shipping 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 Himalaya Shipping 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 Himalaya Stock Analysis

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

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