Star Other Non Cash Items vs Net Income 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 Other Non Cash Items and its Net Income 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.

Other Non Cash Items vs Net Income

Other Non Cash Items vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Star Equity Holdings Other Non Cash Items account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Star Equity's Other Non Cash Items and Net Income is -0.67. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Net Income 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 Other Non Cash Items and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Star Equity Holdings are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Other Non Cash Items i.e., Star Equity's Other Non Cash Items and Net Income go up and down completely randomly.

Correlation Coefficient

-0.67
Relationship DirectionNegative 
Relationship StrengthWeak

Other Non Cash Items

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Star Equity Holdings financial statement analysis. It represents the amount of money remaining after all of Star Equity Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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 Expense905K975K973K924.4K
Depreciation And Amortization4.9M3.5M2.7M3.6M

Star Equity fundamental ratios Correlations

0.690.86-0.40.27-0.180.470.230.630.410.620.610.530.56-0.070.62-0.43-0.470.620.520.430.40.630.160.390.81
0.690.35-0.640.23-0.780.89-0.51-0.060.06-0.020.10.29-0.11-0.250.110.160.190.080.91-0.020.120.120.41-0.110.35
0.860.35-0.10.10.250.060.550.760.330.640.830.430.750.280.78-0.68-0.720.740.130.30.170.84-0.310.340.73
-0.4-0.64-0.1-0.160.63-0.820.3-0.1-0.28-0.1-0.16-0.22-0.090.58-0.360.09-0.01-0.3-0.8-0.11-0.09-0.15-0.340.14-0.26
0.270.230.1-0.16-0.280.290.020.240.750.46-0.030.590.24-0.55-0.14-0.22-0.17-0.030.250.680.67-0.030.330.140.36
-0.18-0.780.250.63-0.28-0.910.860.50.130.320.34-0.130.510.540.33-0.5-0.530.27-0.880.12-0.010.33-0.50.310.01
0.470.890.06-0.820.29-0.91-0.63-0.150.09-0.070.00.32-0.17-0.580.040.180.240.060.990.030.150.010.48-0.180.24
0.23-0.510.550.30.020.86-0.630.860.480.730.570.190.850.250.64-0.8-0.810.6-0.590.50.310.55-0.330.580.42
0.63-0.060.76-0.10.240.5-0.150.860.650.910.730.490.98-0.060.82-0.89-0.890.82-0.110.680.50.72-0.130.650.74
0.410.060.33-0.280.750.130.090.480.650.70.270.520.63-0.390.31-0.57-0.490.280.050.780.780.260.280.330.47
0.62-0.020.64-0.10.460.32-0.070.730.910.70.540.570.87-0.250.64-0.76-0.790.74-0.060.870.630.530.040.750.82
0.610.10.83-0.16-0.030.340.00.570.730.270.540.50.770.190.86-0.76-0.80.850.060.23-0.011.0-0.540.110.55
0.530.290.43-0.220.59-0.130.320.190.490.520.570.50.48-0.250.26-0.42-0.430.450.270.610.410.490.070.180.4
0.56-0.110.75-0.090.240.51-0.170.850.980.630.870.770.48-0.040.83-0.96-0.960.83-0.130.620.450.76-0.270.580.68
-0.07-0.250.280.58-0.550.54-0.580.25-0.06-0.39-0.250.19-0.25-0.040.040.0-0.05-0.09-0.55-0.45-0.460.2-0.54-0.16-0.33
0.620.110.78-0.36-0.140.330.040.640.820.310.640.860.260.830.04-0.79-0.790.920.10.310.070.85-0.330.360.66
-0.430.16-0.680.09-0.22-0.50.18-0.8-0.89-0.57-0.76-0.76-0.42-0.960.0-0.790.97-0.780.14-0.51-0.35-0.750.42-0.45-0.54
-0.470.19-0.72-0.01-0.17-0.530.24-0.81-0.89-0.49-0.79-0.8-0.43-0.96-0.05-0.790.97-0.840.19-0.54-0.33-0.790.46-0.51-0.61
0.620.080.74-0.3-0.030.270.060.60.820.280.740.850.450.83-0.090.92-0.78-0.840.110.440.110.84-0.340.450.73
0.520.910.13-0.80.25-0.880.99-0.59-0.110.05-0.060.060.27-0.13-0.550.10.140.190.11-0.010.130.070.42-0.160.3
0.43-0.020.3-0.110.680.120.030.50.680.780.870.230.610.62-0.450.31-0.51-0.540.44-0.010.80.210.340.670.6
0.40.120.17-0.090.67-0.010.150.310.50.780.63-0.010.410.45-0.460.07-0.35-0.330.110.130.8-0.020.580.630.47
0.630.120.84-0.15-0.030.330.010.550.720.260.531.00.490.760.20.85-0.75-0.790.840.070.21-0.02-0.540.10.57
0.160.41-0.31-0.340.33-0.50.48-0.33-0.130.280.04-0.540.07-0.27-0.54-0.330.420.46-0.340.420.340.58-0.540.290.07
0.39-0.110.340.140.140.31-0.180.580.650.330.750.110.180.58-0.160.36-0.45-0.510.45-0.160.670.630.10.290.58
0.810.350.73-0.260.360.010.240.420.740.470.820.550.40.68-0.330.66-0.54-0.610.730.30.60.470.570.070.58
Click cells to compare fundamentals

Star Equity Account Relationship Matchups

Star Equity fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets90.6M88.3M68.1M73.3M75.5M68.1M
Total Stockholder Equity40.7M39.9M35.7M41.8M65.3M34.9M
Non Current Assets Total61.0M39.4M36.2M34.0M40.7M26.5M
Non Currrent Assets Other(6.9M)1.4M1.7M1.8M8.4M8.9M
Common Stock Shares Outstanding2.0M3.7M5.1M14.8M3.2M2.6M
Liabilities And Stockholders Equity90.6M88.3M68.1M73.3M75.5M68.1M
Non Current Liabilities Total21.7M18.3M4.5M4.0M1.5M1.4M
Other Stockholder Equity139.6M143.4M144.7M156.0M154.4M141.5M
Total Liab49.9M48.4M32.3M31.5M10.2M9.7M
Short Long Term Debt Total26.0M26.2M17.4M17.0M3.6M3.4M
Other Current Liab11.6M12.9M5.5M19.8M2.5M2.4M
Total Current Liabilities28.2M30.0M27.8M27.5M8.7M17.1M
Property Plant And Equipment Net27.0M11.5M13.4M12.8M9.3M14.0M
Current Deferred Revenue1.8M2.2M2.8M3.4M1.4M2.5M
Net Debt24.2M23.0M12.9M12.4M(14.7M)(14.0M)
Retained Earnings(118.5M)(125.0M)(128.0M)(133.2M)(108.1M)(113.5M)
Accounts Payable8.9M5.0M4.3M1.4M1.6M1.5M
Cash1.8M3.2M4.5M4.7M18.3M19.2M
Cash And Short Term Investments1.8M3.3M4.5M8.2M23.2M16.7M
Net Receivables18.6M13.0M15.8M8.0M6.4M10.7M
Inventory7.1M9.8M8.5M10.6M3.4M6.5M
Other Current Assets1.8M22.9M2.7M18.7M1.8M3.5M
Property Plant And Equipment Gross27.0M11.5M13.4M12.8M11.5M14.1M
Total Current Assets29.5M48.9M31.9M39.3M34.8M31.7M
Short Term Debt5.9M22.5M14.7M3.8M2.9M5.3M
Intangible Assets22.9M16.9M15.1M13.4M12.5M13.1M
Short Term Investments26K35K47K3.5M4.8M8.5M
Good Will1.7M10.0M9.5M6.0M4.4M3.6M
Other Liab2.5M173K1.2M475K427.5K406.1K
Net Tangible Assets(7.9M)(8.0M)(4.4M)3.4M3.0M2.9M
Other Assets19.4M1.3M1.7M1.5M1.4M1.3M
Property Plant Equipment12.5M11.5M13.4M12.8M11.5M15.1M
Capital Lease Obligations5.9M1.8M4.6M5.4M1.6M1.5M
Net Invested Capital42.2M42.8M29.6M34.4M48.3M32.0M
Non Current Liabilities Other1.6M1.1M1.1M299K269.1K255.6K

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

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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.
Pair CorrelationCorrelation Matching

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.