Spire Change In Cash vs Free Cash Flow Analysis

SPIR Stock  USD 13.91  0.25  1.77%   
Spire Global financial indicator trend analysis is much more than just breaking down Spire Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spire Global is a good investment. Please check the relationship between Spire Global Change In Cash and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in Spire Stock, please use our How to Invest in Spire Global guide.

Change In Cash vs Free Cash Flow

Change In Cash vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spire Global Change In Cash account and Free Cash Flow. At this time, the significance of the direction appears to have no relationship.
The correlation between Spire Global's Change In Cash and Free Cash Flow is 0.03. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Spire Global, assuming nothing else is changed. The correlation between historical values of Spire Global's Change In Cash and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Spire Global are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change In Cash i.e., Spire Global's Change In Cash and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.03
Relationship DirectionPositive 
Relationship StrengthInsignificant

Change In Cash

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Spire Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spire Global 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 Spire Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in Spire Stock, please use our How to Invest in Spire Global guide.As of 12/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.64, while Selling General Administrative is likely to drop slightly above 33.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit24.7M39.9M63.3M32.9M
Total Revenue43.4M80.3M105.7M60.8M

Spire Global fundamental ratios Correlations

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0.660.280.90.42-0.040.740.890.74-0.90.790.050.750.480.470.270.890.920.960.540.740.950.770.43-0.430.61
0.830.280.610.920.630.780.61-0.25-0.480.620.840.760.770.820.920.630.60.430.880.780.480.570.91-0.380.84
0.910.90.610.760.350.941.00.42-0.910.960.460.960.80.80.631.00.990.960.840.950.980.910.76-0.560.88
0.960.420.920.760.80.890.77-0.2-0.610.830.920.910.950.980.980.780.730.630.990.920.670.811.0-0.650.97
0.67-0.040.630.350.80.510.38-0.61-0.170.560.940.580.830.840.860.370.280.250.750.580.280.590.8-0.690.71
0.970.740.780.940.890.510.940.27-0.90.940.670.970.890.890.810.940.920.870.940.970.890.880.89-0.630.95
0.920.890.611.00.770.380.940.4-0.910.970.480.970.820.810.651.00.990.960.850.960.980.930.77-0.590.89
0.060.74-0.250.42-0.2-0.610.270.4-0.650.25-0.50.18-0.12-0.16-0.320.40.460.56-0.070.170.530.2-0.180.00.0
-0.78-0.9-0.48-0.91-0.61-0.17-0.9-0.91-0.65-0.86-0.32-0.84-0.67-0.65-0.5-0.91-0.91-0.93-0.71-0.83-0.93-0.79-0.620.54-0.75
0.950.790.620.960.830.560.940.970.25-0.860.610.980.910.90.730.960.930.920.890.970.940.960.83-0.70.93
0.780.050.840.460.920.940.670.48-0.5-0.320.610.680.870.890.970.480.40.320.860.690.360.60.92-0.630.82
0.990.750.760.960.910.580.970.970.18-0.840.980.680.920.930.820.970.940.890.961.00.920.940.91-0.680.98
0.950.480.770.80.950.830.890.82-0.12-0.670.910.870.920.990.910.810.740.70.950.920.730.870.95-0.720.96
0.960.470.820.80.980.840.890.81-0.16-0.650.90.890.930.990.950.810.750.690.980.930.720.870.97-0.730.98
0.90.270.920.630.980.860.810.65-0.32-0.50.730.970.820.910.950.660.60.50.950.830.540.730.99-0.670.92
0.920.890.631.00.780.370.941.00.4-0.910.960.480.970.810.810.660.990.970.850.960.980.930.78-0.60.9
0.890.920.60.990.730.280.920.990.46-0.910.930.40.940.740.750.60.990.970.810.940.980.90.73-0.550.86
0.820.960.430.960.630.250.870.960.56-0.930.920.320.890.70.690.50.970.970.740.881.00.920.64-0.650.79
0.990.540.880.840.990.750.940.85-0.07-0.710.890.860.960.950.980.950.850.810.740.960.770.880.99-0.710.99
0.990.740.780.950.920.580.970.960.17-0.830.970.691.00.920.930.830.960.940.880.960.910.940.91-0.670.98
0.850.950.480.980.670.280.890.980.53-0.930.940.360.920.730.720.540.980.981.00.770.910.920.68-0.630.82
0.920.770.570.910.810.590.880.930.2-0.790.960.60.940.870.870.730.930.90.920.880.940.920.82-0.840.92
0.960.430.910.761.00.80.890.77-0.18-0.620.830.920.910.950.970.990.780.730.640.990.910.680.82-0.70.97
-0.7-0.43-0.38-0.56-0.65-0.69-0.63-0.590.00.54-0.7-0.63-0.68-0.72-0.73-0.67-0.6-0.55-0.65-0.71-0.67-0.63-0.84-0.7-0.72
1.00.610.840.880.970.710.950.890.0-0.750.930.820.980.960.980.920.90.860.790.990.980.820.920.97-0.72
Click cells to compare fundamentals

Spire Global Account Relationship Matchups

Pair Trading with Spire Global

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 Spire Global 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 Spire Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Spire Stock

  0.9G Genpact LimitedPairCorr
  0.86BR Broadridge FinancialPairCorr

Moving against Spire Stock

  0.76BCO Brinks CompanyPairCorr
  0.75FC Franklin CoveyPairCorr
  0.72MG Mistras GroupPairCorr
  0.68VCIG VCI Global LimitedPairCorr
  0.63EXPO ExponentPairCorr
The ability to find closely correlated positions to Spire Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spire Global 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 Spire Global - 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 Spire Global to buy it.
The correlation of Spire Global 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 Spire Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spire Global 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 Spire Global 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 Spire Stock Analysis

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