Volcon Net Income vs Free Cash Flow Analysis
| VLCN Stock | USD 4.13 0.09 2.13% |
Volcon financial indicator trend analysis is much more than just breaking down Volcon Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Volcon Inc is a good investment. Please check the relationship between Volcon Net Income and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Volcon Inc. 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.
Net Income vs Free Cash Flow
Net Income vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Volcon Inc Net Income account and Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Volcon's Net Income and Free Cash Flow is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Volcon Inc, assuming nothing else is changed. The correlation between historical values of Volcon's Net Income and Free 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 Net Income of Volcon Inc are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Volcon's Net Income and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Volcon Inc financial statement analysis. It represents the amount of money remaining after all of Volcon Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from Volcon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Volcon Inc 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 Volcon Inc. 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, Volcon's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 26.5 M, while Issuance Of Capital Stock is likely to drop about 4.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 91.2K | 2.3M | 5.0M | 5.2M | Depreciation And Amortization | 585.6K | 1.2M | 619.0K | 660.2K |
Volcon fundamental ratios Correlations
Click cells to compare fundamentals
Volcon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Volcon
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 Volcon 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 Volcon will appreciate offsetting losses from the drop in the long position's value.Moving together with Volcon Stock
Moving against Volcon Stock
| 0.78 | GT | Goodyear Tire Rubber | PairCorr |
| 0.75 | DORM | Dorman Products | PairCorr |
| 0.72 | GM | General Motors | PairCorr |
| 0.68 | ZK | ZEEKR Intelligent | PairCorr |
| 0.65 | WKHS | Workhorse Group | PairCorr |
The ability to find closely correlated positions to Volcon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Volcon 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 Volcon - 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 Volcon Inc to buy it.
The correlation of Volcon 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 Volcon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Volcon Inc 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 Volcon 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Volcon Inc. 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. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Volcon. If investors know Volcon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Volcon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (66.45) | Revenue Per Share 26.061 | Quarterly Revenue Growth 1.207 | Return On Assets (1.52) | Return On Equity (5.59) |
The market value of Volcon Inc is measured differently than its book value, which is the value of Volcon that is recorded on the company's balance sheet. Investors also form their own opinion of Volcon's value that differs from its market value or its book value, called intrinsic value, which is Volcon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Volcon's market value can be influenced by many factors that don't directly affect Volcon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Volcon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Volcon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Volcon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.