Taoping Short Term Debt vs Total Revenue Analysis

TAOP Stock  USD 0.33  0.01  3.13%   
Taoping financial indicator trend analysis is much more than just breaking down Taoping prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taoping is a good investment. Please check the relationship between Taoping Short Term Debt and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taoping. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Taoping Stock, please use our How to Invest in Taoping guide.

Short Term Debt vs Total Revenue

Short Term Debt vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taoping Short Term Debt account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Taoping's Short Term Debt and Total Revenue is 0.85. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Taoping, assuming nothing else is changed. The correlation between historical values of Taoping's Short Term Debt and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Taoping are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Short Term Debt i.e., Taoping's Short Term Debt and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Short Term Debt

Total Revenue

Total revenue comprises all receipts Taoping generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Taoping's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taoping 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 Taoping. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Taoping Stock, please use our How to Invest in Taoping guide.At this time, Taoping's Tax Provision is relatively stable compared to the past year. As of 12/17/2024, Discontinued Operations is likely to grow to about 1.8 M, while Selling General Administrative is likely to drop slightly above 5.3 M.
 2021 2022 2023 2024 (projected)
Interest Expense928.4K556.4K580.6K551.6K
Depreciation And Amortization2.2M3.5M3.0M3.8M

Taoping fundamental ratios Correlations

0.820.880.870.920.940.770.760.770.941.00.94-0.580.29-0.20.620.880.860.980.83-0.580.930.230.890.810.76
0.820.990.990.550.640.990.450.770.910.830.91-0.580.32-0.250.660.980.510.811.0-0.570.610.00.550.860.84
0.880.990.990.630.710.980.530.780.940.880.94-0.60.33-0.270.660.990.580.860.99-0.590.690.060.630.880.86
0.870.990.990.610.70.980.490.830.930.870.93-0.570.32-0.190.650.990.570.850.99-0.560.680.030.610.870.85
0.920.550.630.610.950.470.820.550.770.90.77-0.450.19-0.20.450.620.940.920.55-0.440.960.390.970.590.54
0.940.640.710.70.950.580.760.680.830.930.83-0.450.2-0.130.460.720.950.930.64-0.440.960.40.960.60.52
0.770.990.980.980.470.580.390.750.860.780.86-0.560.29-0.230.630.970.430.760.99-0.550.55-0.040.480.830.82
0.760.450.530.490.820.760.390.420.620.760.62-0.690.08-0.20.350.50.680.730.45-0.690.790.090.70.630.56
0.770.770.780.830.550.680.750.420.80.790.8-0.440.290.280.510.850.530.710.77-0.470.66-0.040.520.770.73
0.940.910.940.930.770.830.860.620.80.951.0-0.650.4-0.30.730.940.730.90.91-0.640.770.120.740.870.83
1.00.830.880.870.90.930.780.760.790.950.95-0.610.28-0.180.640.890.850.970.83-0.610.90.190.870.820.78
0.940.910.940.930.770.830.860.620.81.00.95-0.650.4-0.30.730.940.730.90.91-0.640.770.120.740.870.83
-0.58-0.58-0.6-0.57-0.45-0.45-0.56-0.69-0.44-0.65-0.61-0.65-0.370.36-0.8-0.6-0.28-0.51-0.590.99-0.430.26-0.3-0.71-0.74
0.290.320.330.320.190.20.290.080.290.40.280.4-0.37-0.360.590.320.090.30.32-0.410.22-0.150.120.220.26
-0.2-0.25-0.27-0.19-0.2-0.13-0.23-0.20.28-0.3-0.18-0.30.36-0.36-0.35-0.17-0.18-0.23-0.250.29-0.11-0.28-0.19-0.13-0.15
0.620.660.660.650.450.460.630.350.510.730.640.73-0.80.59-0.350.670.330.570.67-0.790.41-0.160.360.640.73
0.880.980.990.990.620.720.970.50.850.940.890.94-0.60.32-0.170.670.570.840.99-0.590.680.030.610.880.86
0.860.510.580.570.940.950.430.680.530.730.850.73-0.280.09-0.180.330.570.870.51-0.250.90.560.970.470.38
0.980.810.860.850.920.930.760.730.710.90.970.9-0.510.3-0.230.570.840.870.81-0.50.940.290.910.760.71
0.831.00.990.990.550.640.990.450.770.910.830.91-0.590.32-0.250.670.990.510.81-0.580.61-0.010.550.860.84
-0.58-0.57-0.59-0.56-0.44-0.44-0.55-0.69-0.47-0.64-0.61-0.640.99-0.410.29-0.79-0.59-0.25-0.5-0.58-0.430.32-0.27-0.71-0.74
0.930.610.690.680.960.960.550.790.660.770.90.77-0.430.22-0.110.410.680.90.940.61-0.430.390.940.630.55
0.230.00.060.030.390.4-0.040.09-0.040.120.190.120.26-0.15-0.28-0.160.030.560.29-0.010.320.390.48-0.18-0.2
0.890.550.630.610.970.960.480.70.520.740.870.74-0.30.12-0.190.360.610.970.910.55-0.270.940.480.510.43
0.810.860.880.870.590.60.830.630.770.870.820.87-0.710.22-0.130.640.880.470.760.86-0.710.63-0.180.510.96
0.760.840.860.850.540.520.820.560.730.830.780.83-0.740.26-0.150.730.860.380.710.84-0.740.55-0.20.430.96
Click cells to compare fundamentals

Taoping Account Relationship Matchups

Taoping fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.6M30.8M47.2M29.2M32.8M31.2M
Short Long Term Debt Total7.5M7.4M8.8M7.3M9.0M16.8M
Other Current Liab5.3M2.9M6.9M5.1M8.9M11.0M
Total Current Liabilities26.0M29.8M27.3M19.6M20.1M39.2M
Total Stockholder Equity5.3M(7.7M)19.3M9.6M12.8M12.1M
Property Plant And Equipment Net11.8M10.9M22.5M7.9M6.7M6.3M
Net Debt6.0M6.5M4.3M6.2M7.7M13.1M
Retained Earnings(174.5M)(192.2M)(202.1M)(208.1M)(208.8M)(198.3M)
Accounts Payable12.7M14.9M8.4M2.3M832.4K790.8K
Cash1.5M882.8K4.5M1.0M1.3M1.2M
Non Current Assets Total21.6M18.3M26.1M9.8M7.6M7.2M
Cash And Short Term Investments1.5M882.8K4.5M1.0M1.3M1.2M
Common Stock Total Equity124.0M126.1M126.3M131.2M150.9M158.5M
Common Stock Shares Outstanding696.5K737.3K1.3M1.6M1.9M2.9M
Liabilities And Stockholders Equity40.6M30.8M47.2M29.2M32.8M31.2M
Non Current Liabilities Total9.3M20.7M22.8M561.8K20.4K0.0
Other Stockholder Equity15.8M16.5M15.6M22.4M22.6M21.5M
Total Liab26.0M29.8M27.9M19.6M20.1M19.1M
Property Plant And Equipment Gross11.8M10.9M41.2M13.4M14.5M21.1M
Total Current Assets19.0M12.4M21.1M19.4M25.3M46.3M
Accumulated Other Comprehensive Income37.1M37.7M37.8M33.8M33.8M28.8M
Short Term Debt7.5M7.4M7.9M7.2M9.0M16.3M
Common Stock126.3M131.2M161.1M161.4M165.1M173.4M
Net Receivables14.1M7.2M7.1M9.3M8.7M8.3M
Other Current Assets187.3K4.1M19.4M8.7M14.0M7.5M
Property Plant Equipment11.6M11.8M10.9M22.5M20.2M22.9M
Non Currrent Assets Other9.7M4.3M2.9M1.8M811.0K770.5K
Other Assets1.1M9.7M7.5M2.9M2.7M2.5M
Inventory302.9K254.7K542.4K356.4K1.3M1.2M
Intangible Assets1.5K4.3M2.9M1.8M811.0K770.5K
Current Deferred Revenue562.6K477.0K579.2K717.4K1.3M1.2M
Net Tangible Assets8.2M5.3M(7.7M)19.3M22.1M23.2M
Short Long Term Debt7.5M7.4M7.8M7.2M9.0M6.8M

Pair Trading with Taoping

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

Moving against Taoping Stock

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The ability to find closely correlated positions to Taoping could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taoping 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 Taoping - 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 Taoping to buy it.
The correlation of Taoping 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 Taoping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taoping 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 Taoping 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 Taoping Stock Analysis

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