International Cash vs Inventory Analysis

ITH Stock  CAD 0.64  0.01  1.59%   
International Tower financial indicator trend analysis is infinitely more than just investigating International Tower Hill recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether International Tower Hill is a good investment. Please check the relationship between International Tower Cash and its Inventory accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Tower Hill. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash vs Inventory

Cash vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of International Tower Hill Cash account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between International Tower's Cash and Inventory is 0.4. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of International Tower Hill, assuming nothing else is changed. The correlation between historical values of International Tower's Cash and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of International Tower Hill are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash i.e., International Tower's Cash and Inventory go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Cash

Cash refers to the most liquid asset of International Tower Hill, which is listed under current asset account on International Tower Hill balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from International Tower customers. The amounts must be unrestricted with restricted cash listed in a different International Tower 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.

Inventory

Most indicators from International Tower's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into International Tower Hill 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 International Tower Hill. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of the 29th of December 2024, Enterprise Value is likely to grow to about 83 M, while Selling General Administrative is likely to drop about 818.4 K.
 2023 2024 (projected)
Interest Income97.1K92.3K
Research Development2.2M2.0M

International Tower fundamental ratios Correlations

0.890.740.560.210.420.430.670.780.590.510.540.75-0.11-0.78-0.480.640.780.780.640.710.560.71-0.10.1-0.02
0.890.870.810.610.090.660.270.490.840.310.330.870.0-0.5-0.740.350.50.50.360.460.160.740.17-0.140.35
0.740.870.930.69-0.070.780.20.220.920.130.131.00.13-0.22-0.880.170.220.220.070.180.170.780.14-0.160.25
0.560.810.930.84-0.280.91-0.13-0.040.99-0.02-0.020.940.30.04-0.98-0.05-0.04-0.04-0.15-0.04-0.150.60.41-0.450.53
0.210.610.690.84-0.480.69-0.5-0.280.82-0.25-0.260.690.190.28-0.82-0.28-0.28-0.28-0.32-0.24-0.480.480.49-0.380.67
0.420.09-0.07-0.28-0.48-0.40.740.73-0.290.290.35-0.07-0.02-0.730.380.90.730.730.860.830.73-0.02-0.320.37-0.38
0.430.660.780.910.69-0.4-0.21-0.220.94-0.12-0.130.80.290.22-0.97-0.19-0.22-0.22-0.33-0.22-0.20.450.45-0.610.48
0.670.270.2-0.13-0.50.74-0.210.86-0.110.580.620.19-0.29-0.860.20.780.860.860.770.770.920.37-0.530.54-0.63
0.780.490.22-0.04-0.280.73-0.220.86-0.020.670.710.21-0.29-1.00.170.821.01.00.910.920.70.4-0.360.48-0.3
0.590.840.920.990.82-0.290.94-0.11-0.020.0-0.010.930.20.02-0.99-0.04-0.02-0.02-0.15-0.04-0.130.640.39-0.430.5
0.510.310.13-0.02-0.250.29-0.120.580.670.01.00.12-0.18-0.680.090.360.680.670.440.450.210.24-0.330.2-0.06
0.540.330.13-0.02-0.260.35-0.130.620.71-0.011.00.13-0.19-0.720.10.430.720.720.50.50.270.25-0.330.23-0.08
0.750.871.00.940.69-0.070.80.190.210.930.120.130.14-0.21-0.890.160.210.210.070.180.170.770.16-0.190.26
-0.110.00.130.30.19-0.020.29-0.29-0.290.2-0.18-0.190.140.3-0.24-0.16-0.3-0.3-0.14-0.09-0.26-0.520.6-0.770.51
-0.78-0.5-0.220.040.28-0.730.22-0.86-1.00.02-0.68-0.72-0.210.3-0.16-0.82-1.0-1.0-0.91-0.91-0.7-0.40.36-0.480.3
-0.48-0.74-0.88-0.98-0.820.38-0.970.20.17-0.990.090.1-0.89-0.24-0.160.150.170.170.280.170.2-0.57-0.430.49-0.51
0.640.350.17-0.05-0.280.9-0.190.780.82-0.040.360.430.16-0.16-0.820.150.820.820.880.870.750.26-0.220.39-0.33
0.780.50.22-0.04-0.280.73-0.220.861.0-0.020.680.720.21-0.3-1.00.170.821.00.910.910.70.4-0.370.48-0.3
0.780.50.22-0.04-0.280.73-0.220.861.0-0.020.670.720.21-0.3-1.00.170.821.00.910.910.70.4-0.370.48-0.3
0.640.360.07-0.15-0.320.86-0.330.770.91-0.150.440.50.07-0.14-0.910.280.880.910.910.990.70.18-0.260.37-0.35
0.710.460.18-0.04-0.240.83-0.220.770.92-0.040.450.50.18-0.09-0.910.170.870.910.910.990.690.24-0.220.3-0.29
0.560.160.17-0.15-0.480.73-0.20.920.7-0.130.210.270.17-0.26-0.70.20.750.70.70.70.690.33-0.480.55-0.73
0.710.740.780.60.48-0.020.450.370.40.640.240.250.77-0.52-0.4-0.570.260.40.40.180.240.33-0.280.38-0.12
-0.10.170.140.410.49-0.320.45-0.53-0.360.39-0.33-0.330.160.60.36-0.43-0.22-0.37-0.37-0.26-0.22-0.48-0.28-0.710.67
0.1-0.14-0.16-0.45-0.380.37-0.610.540.48-0.430.20.23-0.19-0.77-0.480.490.390.480.480.370.30.550.38-0.71-0.66
-0.020.350.250.530.67-0.380.48-0.63-0.30.5-0.06-0.080.260.510.3-0.51-0.33-0.3-0.3-0.35-0.29-0.73-0.120.67-0.66
Click cells to compare fundamentals

International Tower Account Relationship Matchups

International Tower fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets62.6M68.6M63.3M60.4M57.4M61.2M
Total Stockholder Equity62.2M68.1M62.7M60.1M57.1M55.3M
Non Current Assets Total55.3M55.4M55.4M55.4M63.7M42.2M
Common Stock Total Equity265.6M277.9M278.2M288.0M331.2M254.5M
Common Stock Shares Outstanding187.4M189.9M194.9M195.2M195.6M101.6M
Liabilities And Stockholders Equity62.6M68.6M63.3M60.4M57.4M61.2M
Other Current Assets238.6K162.1K141.7K152.6K304.7K239.7K
Other Stockholder Equity35.1M35.5M36.0M36.3M36.3M45.4M
Total Liab335.8K493.0K579.9K288.4K235.0K223.2K
Total Current Assets7.2M13.2M7.9M5.0M2.0M1.9M
Common Stock277.9M278.2M288.0M288.5M288.9M268.0M
Other Current Liab317.3K294.0K320.2K234.8K142.1K135.0K
Total Current Liabilities335.8K493.0K579.9K288.4K235.0K223.2K
Property Plant And Equipment Net55.3M55.4M55.4M55.4M63.7M44.1M
Net Debt(6.9M)(13.0M)(7.8M)(4.8M)(1.7M)(1.8M)
Retained Earnings(252.6M)(257.1M)(263.1M)(266.2M)(269.6M)(256.1M)
Accounts Payable18.4K199.0K259.6K53.5K92.9K88.2K
Cash6.9M13.0M7.8M4.8M1.7M1.6M
Cash And Short Term Investments6.9M13.0M7.8M4.8M1.7M1.6M
Property Plant And Equipment Gross20.8K17.8K15.4K55.4M63.7M66.9M
Accumulated Other Comprehensive Income1.6M1.8M1.8M1.5M1.5M1.6M
Net Tangible Assets62.2M68.1M62.7M60.1M69.1M65.1M
Property Plant Equipment55.4M55.4M55.4M55.4M63.7M60.8M
Capital Surpluse35.1M35.5M36.0M36.3M41.7M38.5M
Cash And Equivalents6.9M13.0M7.8M4.8M4.4M7.7M
Net Invested Capital62.2M68.1M62.7M60.1M57.1M49.4M
Net Working Capital6.8M12.7M7.3M4.7M1.8M1.7M

Pair Trading with International Tower

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 International Tower 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 International Tower will appreciate offsetting losses from the drop in the long position's value.

Moving together with International Stock

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Moving against International Stock

  0.69ARX ARC ResourcesPairCorr
  0.57AMZN Amazon CDRPairCorr
  0.57WMT Walmart Inc CDRPairCorr
  0.43GOOG Alphabet CDRPairCorr
  0.33BRK Berkshire Hathaway CDRPairCorr
The ability to find closely correlated positions to International Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Tower 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 International Tower - 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 International Tower Hill to buy it.
The correlation of International Tower 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 International Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Tower Hill 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 International Tower 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
When determining whether International Tower Hill is a strong investment it is important to analyze International Tower's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact International Tower's future performance. For an informed investment choice regarding International Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Tower Hill. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Please note, there is a significant difference between International Tower's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Tower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Tower's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.