Thunder Current Ratio vs Ev To Operating Cash Flow Analysis
| THCP Stock | USD 12.24 1.16 8.66% |
Thunder Bridge financial indicator trend analysis is much more than just breaking down Thunder Bridge Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thunder Bridge Capital is a good investment. Please check the relationship between Thunder Bridge Current Ratio and its Ev To Operating Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thunder Bridge Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Current Ratio vs Ev To Operating Cash Flow
Current Ratio vs Ev To Operating Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thunder Bridge Capital Current Ratio account and Ev To Operating Cash Flow. At this time, the significance of the direction appears to have pay attention.
The correlation between Thunder Bridge's Current Ratio and Ev To Operating Cash Flow is -0.85. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Ev To Operating Cash Flow in the same time period over historical financial statements of Thunder Bridge Capital, assuming nothing else is changed. The correlation between historical values of Thunder Bridge's Current Ratio and Ev To Operating 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 Current Ratio of Thunder Bridge Capital are associated (or correlated) with its Ev To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Operating Cash Flow has no effect on the direction of Current Ratio i.e., Thunder Bridge's Current Ratio and Ev To Operating Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.85 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Ev To Operating Cash Flow
A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.Most indicators from Thunder Bridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thunder Bridge Capital 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 Thunder Bridge Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Thunder Bridge's Tax Provision is relatively stable compared to the past year. As of 12/14/2024, Enterprise Value Over EBITDA is likely to grow to 67.93, while Enterprise Value is likely to drop slightly above 237.9 M.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Income | 7.9K | 3.4M | 7.8M | 4.1M | Net Interest Income | 7.9K | 3.4M | 7.8M | 4.1M |
Thunder Bridge fundamental ratios Correlations
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Thunder Bridge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Thunder Bridge
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 Thunder Bridge 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 Thunder Bridge will appreciate offsetting losses from the drop in the long position's value.Moving against Thunder Stock
The ability to find closely correlated positions to Thunder Bridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thunder Bridge 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 Thunder Bridge - 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 Thunder Bridge Capital to buy it.
The correlation of Thunder Bridge 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 Thunder Bridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thunder Bridge Capital 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 Thunder Bridge 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 Thunder Stock Analysis
When running Thunder Bridge's price analysis, check to measure Thunder Bridge'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 Thunder Bridge is operating at the current time. Most of Thunder Bridge's value examination focuses on studying past and present price action to predict the probability of Thunder Bridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thunder Bridge's price. Additionally, you may evaluate how the addition of Thunder Bridge to your portfolios can decrease your overall portfolio volatility.