Spartan Inventory vs Other Current Liab Analysis
SDE Stock | 3.11 0.09 2.81% |
Spartan Delta financial indicator trend analysis is much more than just breaking down Spartan Delta Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spartan Delta Corp is a good investment. Please check the relationship between Spartan Delta Inventory and its Other Current Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spartan Delta Corp. 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.
Inventory vs Other Current Liab
Inventory vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spartan Delta Corp Inventory account and Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Spartan Delta's Inventory and Other Current Liab is 0.95. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Spartan Delta Corp, assuming nothing else is changed. The correlation between historical values of Spartan Delta's Inventory and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Spartan Delta Corp are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Inventory i.e., Spartan Delta's Inventory and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Other Current Liab
Most indicators from Spartan Delta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spartan Delta Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spartan Delta Corp. 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. At this time, Spartan Delta's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 92.6 M, while Issuance Of Capital Stock is likely to drop about 43.7 K.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 618.8M | 1.5B | 662.4M | 695.5M | Depreciation And Amortization | 105.2M | 214.6M | 140.2M | 147.2M |
Spartan Delta fundamental ratios Correlations
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Spartan Delta Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spartan Delta fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 34.2M | 331.4M | 1.7B | 2.1B | 819.5M | 860.5M | |
Total Current Liabilities | 1.4M | 45.9M | 243.6M | 278.6M | 250.2M | 262.8M | |
Total Stockholder Equity | 25.6M | 137.5M | 886.6M | 1.5B | 429.7M | 451.2M | |
Property Plant And Equipment Net | 9.3M | 306.7M | 1.5B | 1.7B | 550.9M | 578.5M | |
Net Debt | (24.7M) | 47.1M | 441.1M | 66.3M | 79.3M | 83.3M | |
Retained Earnings | (38.5M) | 9.2M | 343.4M | 938.8M | 416.7M | 437.5M | |
Accounts Payable | 939.8K | 34.1M | 177.0M | 176.9M | 86.3M | 90.6M | |
Cash | 24.7M | 2.7M | 1.2M | 124.4M | 406K | 385.7K | |
Non Current Assets Total | 9.3M | 306.7M | 1.6B | 1.8B | 597.7M | 627.6M | |
Cash And Short Term Investments | 24.7M | 2.7M | 1.2M | 124.4M | 406K | 385.7K | |
Net Receivables | 229.4K | 20.5M | 96.7M | 140.4M | 50.7M | 53.2M | |
Common Stock Shares Outstanding | 2.0M | 55.4M | 133.5M | 175.5M | 173.5M | 182.2M | |
Liabilities And Stockholders Equity | 34.2M | 331.4M | 1.7B | 2.1B | 819.5M | 860.5M | |
Non Current Liabilities Total | 7.2M | 148.0M | 612.2M | 304.0M | 139.6M | 85.0M | |
Other Current Assets | 47.8K | 1.5M | 6.8M | 2.3M | 19.9M | 20.9M | |
Other Stockholder Equity | 8.4M | 10.0M | 16.3M | 24.4M | 1.3M | 1.2M | |
Total Liab | 8.6M | 193.9M | 855.8M | 582.7M | 389.8M | 409.3M | |
Total Current Assets | 24.9M | 24.7M | 110.2M | 309.0M | 221.8M | 232.9M | |
Other Current Liab | 452.2K | 2.1M | 52.8M | 92.3M | 154.5M | 162.2M | |
Common Stock | 45.7M | 108.5M | 517.2M | 553.6M | 11.7M | 11.1M | |
Accumulated Other Comprehensive Income | 349.7K | 2.2M | 10.0M | 9.9M | 9.7M | 0.0 | |
Long Term Debt Total | 0.0 | 42.9M | 432.2M | 181.2M | 208.4M | 218.8M | |
Capital Surpluse | 8.4M | 10.0M | 16.3M | 24.4M | 28.1M | 29.5M | |
Cash And Equivalents | 24.7M | 2.7M | 1.2M | 124.4M | 143.1M | 150.2M | |
Property Plant Equipment | 9.3M | 306.7M | 1.5B | 1.7B | 1.9B | 2.0B | |
Other Liab | 7.2M | 105.1M | 180.0M | 122.8M | 141.2M | 78.5M | |
Net Tangible Assets | 25.6M | 137.5M | 886.6M | 1.5B | 1.7B | 1.8B | |
Net Invested Capital | 25.6M | 137.5M | 1.3B | 1.7B | 474.2M | 563.3M | |
Net Working Capital | 23.5M | (21.2M) | (133.4M) | 30.4M | (28.4M) | (27.0M) | |
Capital Stock | 45.7M | 108.5M | 517.2M | 553.6M | 11.7M | 11.1M |
Pair Trading with Spartan Delta
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 Spartan Delta 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 Spartan Delta will appreciate offsetting losses from the drop in the long position's value.Moving against Spartan Stock
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0.5 | ENS-PA | E Split Corp | PairCorr |
0.39 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to Spartan Delta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spartan Delta 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 Spartan Delta - 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 Spartan Delta Corp to buy it.
The correlation of Spartan Delta 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 Spartan Delta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spartan Delta Corp 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 Spartan Delta 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.Other Information on Investing in Spartan Stock
Balance Sheet is a snapshot of the financial position of Spartan Delta Corp at a specified time, usually calculated after every quarter, six months, or one year. Spartan Delta Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spartan Delta and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Spartan currently owns. An asset can also be divided into two categories, current and non-current.