TIGR Total Current Assets vs Total Revenue Analysis
TIGR Stock | USD 7.66 0.69 9.90% |
Up Fintech financial indicator trend analysis is much more than just breaking down Up Fintech Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Up Fintech Holding is a good investment. Please check the relationship between Up Fintech Total Current Assets and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Up Fintech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Total Current Assets vs Total Revenue
Total Current Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Up Fintech Holding Total Current Assets account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Up Fintech's Total Current Assets and Total Revenue is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Up Fintech Holding, assuming nothing else is changed. The correlation between historical values of Up Fintech's Total Current Assets 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 Total Current Assets of Up Fintech Holding 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 Total Current Assets i.e., Up Fintech's Total Current Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Revenue
Total revenue comprises all receipts Up Fintech Holding 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 Up Fintech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Up Fintech Holding 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 Up Fintech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Up Fintech's Selling General Administrative is relatively stable compared to the past year. As of 12/13/2024, Tax Provision is likely to grow to about 13.6 M, while Issuance Of Capital Stock is likely to drop 0.00.
Up Fintech fundamental ratios Correlations
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Up Fintech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Up Fintech fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 809.1M | 2.2B | 3.3B | 3.8B | 3.7B | 3.9B | |
Other Current Liab | 526.0M | 240.3M | (2.5B) | 26.9M | 41.8M | 43.9M | |
Total Current Liabilities | 584.5M | 2.0B | 2.7B | 3.2B | 3.1B | 3.2B | |
Accounts Payable | 55.1M | 1.7B | 2.5B | 3.1B | 3.0B | 3.2B | |
Cash | 59.4M | 79.7M | 269.1M | 277.7M | 322.6M | 338.7M | |
Inventory | 317.9M | 867.9M | 1.4B | (2.8T) | (3.4B) | (3.5B) | |
Other Current Assets | 10.8M | 872.2M | 1.4B | 1.7B | 1.6B | 1.7B | |
Total Liab | 597.1M | 2.0B | 2.9B | 3.4B | 3.3B | 3.4B | |
Common Stock | 21.1K | 21.3K | 22.8K | 23.2K | 23.5K | 22.3K | |
Property Plant Equipment | 7.2M | 8.9M | 20.6M | 30.5M | 35.0M | 36.8M | |
Total Stockholder Equity | 211.9M | 235.7M | 446.6M | 447.1M | 489.0M | 513.4M | |
Other Assets | 15.6M | 14.2M | 17.2M | 17.9M | 3.7B | 3.9B | |
Intangible Assets | 8.1M | 8.1M | 8.9M | 10.2M | 11.2M | 15.8M | |
Other Liab | 3.0M | 1.6M | 2.9M | 2.4M | 2.8M | 3.0M | |
Net Tangible Assets | 201.4M | 225.2M | 444.1M | 444.6M | 511.3M | 536.9M | |
Retained Earnings | (73.0M) | (59.6M) | (45.8M) | (50.4M) | (19.6M) | (20.6M) | |
Net Receivables | 303.9M | 1.2B | 1.5B | 1.6B | 1.3B | 822.0M | |
Common Stock Shares Outstanding | 141.0M | 144.1M | 155.7M | 153.0M | 161.8M | 151.8M | |
Short Term Investments | 80.5M | 19.3M | 6.9M | 163.5M | 429.1M | 450.5M | |
Other Stockholder Equity | 285.8M | 289.7M | 482.2M | 493.5M | 503.3M | 310.2M | |
Long Term Investments | 6.0M | 6.5M | 9.8M | 7.9M | 11.8M | 6.4M | |
Total Current Assets | 772.5M | 2.2B | 3.3B | 3.7B | 3.7B | 1.9B | |
Accumulated Other Comprehensive Income | (866.4K) | 5.6M | 10.2M | 3.9M | 5.3M | 3.3M | |
Short Term Debt | 2.4M | 3.5M | 5.2M | 5.5M | 4.1M | 2.9M | |
Property Plant And Equipment Net | 15.3M | 17.0M | 20.6M | 30.5M | 14.3M | 15.7M | |
Net Debt | (53.6M) | (72.4M) | (114.5M) | (263.8M) | (156.8M) | (164.6M) | |
Non Current Assets Total | 36.5M | 41.5M | 50.1M | 58.8M | 56.1M | 41.4M | |
Non Currrent Assets Other | 3.0M | 4.3M | 5.0M | 4.8M | 5.3M | 4.9M | |
Cash And Short Term Investments | 139.9M | 98.9M | 276.0M | 441.1M | 751.7M | 789.2M | |
Liabilities And Stockholders Equity | 809.1M | 2.2B | 3.3B | 3.8B | 3.7B | 2.2B | |
Non Current Liabilities Total | 12.6M | 6.7M | 154.9M | 169.8M | 171.8M | 88.2M | |
Net Invested Capital | 211.9M | 235.7M | 595.5M | 447.1M | 645.9M | 348.7M | |
Property Plant And Equipment Gross | 7.2M | 8.9M | 20.6M | 30.5M | 20.8M | 14.2M | |
Net Working Capital | 182.2M | 200.9M | 551.3M | 558.0M | 604.4M | 346.2M | |
Current Deferred Revenue | 992.2K | 844.6K | 1.2M | 1.8M | 4.2M | 4.5M | |
Capital Stock | 21.1K | 21.3K | 22.8K | 23.2K | 23.5K | 23.8K |
Pair Trading with Up Fintech
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 Up Fintech 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 Up Fintech will appreciate offsetting losses from the drop in the long position's value.Moving against TIGR Stock
The ability to find closely correlated positions to Up Fintech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Up Fintech 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 Up Fintech - 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 Up Fintech Holding to buy it.
The correlation of Up Fintech 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 Up Fintech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Up Fintech Holding 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 Up Fintech 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 TIGR Stock Analysis
When running Up Fintech's price analysis, check to measure Up Fintech'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 Up Fintech is operating at the current time. Most of Up Fintech's value examination focuses on studying past and present price action to predict the probability of Up Fintech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Up Fintech's price. Additionally, you may evaluate how the addition of Up Fintech to your portfolios can decrease your overall portfolio volatility.