Idaho Net Debt vs Common Stock Analysis

IDR Stock  USD 13.03  0.37  2.92%   
Idaho Strategic financial indicator trend analysis is infinitely more than just investigating Idaho Strategic Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Idaho Strategic Resources is a good investment. Please check the relationship between Idaho Strategic Net Debt and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Idaho Strategic Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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 Idaho Strategic Resources Net Debt account and Common Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Idaho Strategic's Net Debt and Common Stock is -0.03. 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 Idaho Strategic Resources, assuming nothing else is changed. The correlation between historical values of Idaho Strategic'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 Idaho Strategic Resources 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., Idaho Strategic's Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

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 Idaho Strategic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Idaho Strategic Resources 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 Idaho Strategic Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
At this time, Idaho Strategic's Issuance Of Capital Stock is relatively stable compared to the past year. As of 12/05/2024, Enterprise Value Over EBITDA is likely to grow to 31.34, while Selling General Administrative is likely to drop slightly above 736.4 K.
 2021 2022 2023 2024 (projected)
Interest Expense208.3K102.8K44.2K53.3K
Depreciation And Amortization824.4K996.8K1.5M1.6M

Idaho Strategic fundamental ratios Correlations

0.80.130.740.980.990.020.861.00.550.85-0.680.940.710.780.950.750.98-0.89-0.680.80.860.910.94-0.44-0.38
0.80.240.760.720.810.430.70.810.540.7-0.250.780.90.90.730.750.76-0.82-0.250.790.810.590.65-0.36-0.54
0.130.240.720.00.150.44-0.040.160.39-0.05-0.010.180.270.50.030.570.09-0.29-0.010.180.040.10.1-0.21-0.31
0.740.760.720.630.760.410.530.760.650.53-0.430.760.70.90.640.930.69-0.79-0.430.680.620.650.66-0.41-0.54
0.980.720.00.630.96-0.140.860.960.550.86-0.740.90.590.660.960.660.96-0.79-0.740.730.820.940.97-0.29-0.36
0.990.810.150.760.960.090.81.00.520.8-0.660.950.710.790.910.760.98-0.92-0.660.780.830.890.93-0.49-0.38
0.020.430.440.41-0.140.09-0.250.080.18-0.250.280.130.490.49-0.20.4-0.03-0.250.280.170.13-0.21-0.14-0.21-0.47
0.860.7-0.040.530.860.8-0.250.810.451.0-0.580.750.690.670.970.510.81-0.66-0.580.740.850.780.75-0.25-0.25
1.00.810.160.760.961.00.080.810.550.81-0.670.950.710.790.910.770.98-0.92-0.670.790.840.890.93-0.47-0.39
0.550.540.390.650.550.520.180.450.550.45-0.310.640.530.630.550.480.42-0.38-0.310.750.640.510.530.16-0.83
0.850.7-0.050.530.860.8-0.251.00.810.45-0.580.740.690.670.960.510.81-0.66-0.580.740.850.780.75-0.25-0.24
-0.68-0.25-0.01-0.43-0.74-0.660.28-0.58-0.67-0.31-0.58-0.58-0.21-0.33-0.69-0.53-0.670.421.0-0.28-0.45-0.81-0.760.10.16
0.940.780.180.760.90.950.130.750.950.640.74-0.580.710.790.850.710.9-0.89-0.580.840.810.870.88-0.41-0.53
0.710.90.270.70.590.710.490.690.710.530.69-0.210.710.940.670.610.64-0.73-0.210.820.870.450.48-0.39-0.53
0.780.90.50.90.660.790.490.670.790.630.67-0.330.790.940.710.810.71-0.82-0.330.820.820.580.6-0.43-0.58
0.950.730.030.640.960.91-0.20.970.910.550.96-0.690.850.670.710.620.91-0.75-0.690.770.860.90.89-0.28-0.33
0.750.750.570.930.660.760.40.510.770.480.51-0.530.710.610.810.620.71-0.75-0.530.490.520.690.69-0.36-0.47
0.980.760.090.690.960.98-0.030.810.980.420.81-0.670.90.640.710.910.71-0.91-0.670.730.80.880.93-0.54-0.23
-0.89-0.82-0.29-0.79-0.79-0.92-0.25-0.66-0.92-0.38-0.660.42-0.89-0.73-0.82-0.75-0.75-0.910.42-0.75-0.73-0.73-0.780.720.27
-0.68-0.25-0.01-0.43-0.74-0.660.28-0.58-0.67-0.31-0.581.0-0.58-0.21-0.33-0.69-0.53-0.670.42-0.28-0.45-0.81-0.760.10.16
0.80.790.180.680.730.780.170.740.790.750.74-0.280.840.820.820.770.490.73-0.75-0.280.910.590.63-0.37-0.56
0.860.810.040.620.820.830.130.850.840.640.85-0.450.810.870.820.860.520.8-0.73-0.450.910.640.71-0.32-0.44
0.910.590.10.650.940.89-0.210.780.890.510.78-0.810.870.450.580.90.690.88-0.73-0.810.590.640.96-0.23-0.38
0.940.650.10.660.970.93-0.140.750.930.530.75-0.760.880.480.60.890.690.93-0.78-0.760.630.710.96-0.27-0.34
-0.44-0.36-0.21-0.41-0.29-0.49-0.21-0.25-0.470.16-0.250.1-0.41-0.39-0.43-0.28-0.36-0.540.720.1-0.37-0.32-0.23-0.27-0.25
-0.38-0.54-0.31-0.54-0.36-0.38-0.47-0.25-0.39-0.83-0.240.16-0.53-0.53-0.58-0.33-0.47-0.230.270.16-0.56-0.44-0.38-0.34-0.25
Click cells to compare fundamentals

Idaho Strategic Account Relationship Matchups

Idaho Strategic fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.9M14.7M17.9M21.0M23.9M25.1M
Short Long Term Debt Total1.4M2.4M3.9M4.0M2.3M2.4M
Other Current Liab80.4K143.5K174.1K179.1K266.7K145.0K
Total Current Liabilities948.5K1.2M1.5M1.6M1.7M1.8M
Total Stockholder Equity5.7M8.3M10.2M14.9M17.8M18.6M
Property Plant And Equipment Net9.4M10.7M14.1M16.5M18.1M19.0M
Net Debt1.2M(138.9K)1.9M611.6K29.7K28.2K
Cash217.8K2.5M2.0M1.6M2.3M2.4M
Non Current Assets Total9.9M11.2M15.0M17.6M19.4M20.4M
Non Currrent Assets Other128.3K116.2K115.0K403.1K536.4K563.2K
Cash And Short Term Investments217.8K2.5M2.0M1.6M2.3M2.4M
Common Stock Shares Outstanding8.8M9.2M10.2M11.8M12.3M12.9M
Liabilities And Stockholders Equity10.9M14.7M17.9M21.0M23.9M25.1M
Non Current Liabilities Total1.2M2.2M3.4M1.6M1.6M1.7M
Total Liab2.2M3.4M4.9M3.3M3.4M3.5M
Total Current Assets910.1K3.4M2.9M3.4M4.4M4.7M
Short Term Debt338.9K378.5K677.2K871.6K978.2K1.0M
Common Stock17.7M21.0M26.0M33.2M35.0M36.7M
Retained Earnings(12.0M)(12.7M)(15.8M)(18.4M)(17.2M)(16.4M)
Accounts Payable529.2K687.3K647.2K579.5K484.2K508.4K
Other Current Assets158.8K224.1K334.4K192.0K236.8K248.7K
Inventory225.1K402.5K213.7K618.3K876.7K920.5K
Net Receivables308.3K269.0K412.6K911.9K1.0M1.1M
Long Term Debt1.1M2.0M3.2M3.1M1.3M1.8M
Long Term Debt Total1.1M2.0M3.2M3.1M3.5M1.8M
Cash And Equivalents217.8K2.5M2.0M1.6M1.9M1.1M
Property Plant Equipment9.4M10.7M14.1M8.3M9.5M10.6M
Other Assets128.3K116.2K115.0K76.1K87.5K106.5K
Net Invested Capital7.1M10.7M14.0M17.1M20.1M13.9M
Short Long Term Debt338.9K378.5K677.2K871.6K978.2K643.5K
Capital Stock17.7M21.0M26.0M33.2M35.0M27.6M
Net Working Capital(38.4K)2.2M1.4M1.7M2.7M1.5M

Pair Trading with Idaho Strategic

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 Idaho Strategic 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 Idaho Strategic will appreciate offsetting losses from the drop in the long position's value.

Moving together with Idaho Stock

  0.71AU AngloGold Ashanti plcPairCorr
  0.84CE CelanesePairCorr

Moving against Idaho Stock

  0.6WS Worthington SteelPairCorr
  0.58CMC Commercial MetalsPairCorr
  0.57WLKP Westlake ChemicalPairCorr
  0.54RS Reliance Steel AluminumPairCorr
The ability to find closely correlated positions to Idaho Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idaho Strategic 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 Idaho Strategic - 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 Idaho Strategic Resources to buy it.
The correlation of Idaho Strategic 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 Idaho Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Idaho Strategic Resources 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 Idaho Strategic 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 Idaho Stock Analysis

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