Star Cash vs Total Liab Analysis
STRR Stock | USD 2.73 0.02 0.74% |
Star Equity financial indicator trend analysis is much more than just breaking down Star Equity Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Star Equity Holdings is a good investment. Please check the relationship between Star Equity Cash and its Total Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Star Equity Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Cash vs Total Liab
Cash vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Star Equity Holdings Cash account and Total Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Star Equity's Cash and Total Liab is -0.8. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Liab in the same time period over historical financial statements of Star Equity Holdings, assuming nothing else is changed. The correlation between historical values of Star Equity's Cash and Total 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 Cash of Star Equity Holdings are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Cash i.e., Star Equity's Cash and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.8 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Star Equity Holdings, which is listed under current asset account on Star Equity Holdings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Star Equity customers. The amounts must be unrestricted with restricted cash listed in a different Star Equity 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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Star Equity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Star Equity Holdings 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 Star Equity Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Star Equity's Discontinued Operations is relatively stable compared to the past year. As of 12/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Selling General Administrative is likely to drop slightly above 15.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 905K | 975K | 973K | 924.4K | Depreciation And Amortization | 4.9M | 3.5M | 2.7M | 3.6M |
Star Equity fundamental ratios Correlations
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Star Equity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Star Equity fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 90.6M | 88.3M | 68.1M | 73.3M | 75.5M | 68.1M | |
Total Stockholder Equity | 40.7M | 39.9M | 35.7M | 41.8M | 65.3M | 34.9M | |
Non Current Assets Total | 61.0M | 39.4M | 36.2M | 34.0M | 40.7M | 26.5M | |
Non Currrent Assets Other | (6.9M) | 1.4M | 1.7M | 1.8M | 8.4M | 8.9M | |
Common Stock Shares Outstanding | 2.0M | 3.7M | 5.1M | 14.8M | 3.2M | 2.6M | |
Liabilities And Stockholders Equity | 90.6M | 88.3M | 68.1M | 73.3M | 75.5M | 68.1M | |
Non Current Liabilities Total | 21.7M | 18.3M | 4.5M | 4.0M | 1.5M | 1.4M | |
Other Stockholder Equity | 139.6M | 143.4M | 144.7M | 156.0M | 154.4M | 141.5M | |
Total Liab | 49.9M | 48.4M | 32.3M | 31.5M | 10.2M | 9.7M | |
Short Long Term Debt Total | 26.0M | 26.2M | 17.4M | 17.0M | 3.6M | 3.4M | |
Other Current Liab | 11.6M | 12.9M | 5.5M | 19.8M | 2.5M | 2.4M | |
Total Current Liabilities | 28.2M | 30.0M | 27.8M | 27.5M | 8.7M | 17.1M | |
Property Plant And Equipment Net | 27.0M | 11.5M | 13.4M | 12.8M | 9.3M | 14.0M | |
Current Deferred Revenue | 1.8M | 2.2M | 2.8M | 3.4M | 1.4M | 2.5M | |
Net Debt | 24.2M | 23.0M | 12.9M | 12.4M | (14.7M) | (14.0M) | |
Retained Earnings | (118.5M) | (125.0M) | (128.0M) | (133.2M) | (108.1M) | (113.5M) | |
Accounts Payable | 8.9M | 5.0M | 4.3M | 1.4M | 1.6M | 1.5M | |
Cash | 1.8M | 3.2M | 4.5M | 4.7M | 18.3M | 19.2M | |
Cash And Short Term Investments | 1.8M | 3.3M | 4.5M | 8.2M | 23.2M | 16.7M | |
Net Receivables | 18.6M | 13.0M | 15.8M | 8.0M | 6.4M | 10.7M | |
Inventory | 7.1M | 9.8M | 8.5M | 10.6M | 3.4M | 6.5M | |
Other Current Assets | 1.8M | 22.9M | 2.7M | 18.7M | 1.8M | 3.5M | |
Property Plant And Equipment Gross | 27.0M | 11.5M | 13.4M | 12.8M | 11.5M | 14.1M | |
Total Current Assets | 29.5M | 48.9M | 31.9M | 39.3M | 34.8M | 31.7M | |
Short Term Debt | 5.9M | 22.5M | 14.7M | 3.8M | 2.9M | 5.3M | |
Intangible Assets | 22.9M | 16.9M | 15.1M | 13.4M | 12.5M | 13.1M | |
Short Term Investments | 26K | 35K | 47K | 3.5M | 4.8M | 8.5M | |
Good Will | 1.7M | 10.0M | 9.5M | 6.0M | 4.4M | 3.6M | |
Other Liab | 2.5M | 173K | 1.2M | 475K | 427.5K | 406.1K | |
Net Tangible Assets | (7.9M) | (8.0M) | (4.4M) | 3.4M | 3.0M | 2.9M | |
Other Assets | 19.4M | 1.3M | 1.7M | 1.5M | 1.4M | 1.3M | |
Property Plant Equipment | 12.5M | 11.5M | 13.4M | 12.8M | 11.5M | 15.1M | |
Capital Lease Obligations | 5.9M | 1.8M | 4.6M | 5.4M | 1.6M | 1.5M | |
Net Invested Capital | 42.2M | 42.8M | 29.6M | 34.4M | 48.3M | 32.0M | |
Non Current Liabilities Other | 1.6M | 1.1M | 1.1M | 299K | 269.1K | 255.6K |
Pair Trading with Star Equity
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 Star Equity 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 Star Equity will appreciate offsetting losses from the drop in the long position's value.Moving together with Star Stock
Moving against Star Stock
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The ability to find closely correlated positions to Star Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Star Equity 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 Star Equity - 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 Star Equity Holdings to buy it.
The correlation of Star Equity 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 Star Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Equity Holdings 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 Star Equity 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.Additional Tools for Star Stock Analysis
When running Star Equity's price analysis, check to measure Star Equity'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 Star Equity is operating at the current time. Most of Star Equity's value examination focuses on studying past and present price action to predict the probability of Star Equity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Star Equity's price. Additionally, you may evaluate how the addition of Star Equity to your portfolios can decrease your overall portfolio volatility.