Worthington Change In Cash vs Sale Purchase Of Stock Analysis

WOR Stock  USD 39.24  0.13  0.33%   
Worthington Industries financial indicator trend analysis is more than just analyzing Worthington Industries current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worthington Industries is a good investment. Please check the relationship between Worthington Industries Change In Cash and its Sale Purchase Of Stock accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. 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 Worthington Stock, please use our How to Invest in Worthington Industries guide.

Change In Cash vs Sale Purchase Of Stock

Change In Cash vs Sale Purchase Of Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Industries Change In Cash account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Worthington Industries' Change In Cash and Sale Purchase Of Stock is 0.19. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Worthington Industries, assuming nothing else is changed. The correlation between historical values of Worthington Industries' Change In Cash and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Worthington Industries are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Change In Cash i.e., Worthington Industries' Change In Cash and Sale Purchase Of Stock go up and down completely randomly.

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Change In Cash

Sale Purchase Of Stock

Most indicators from Worthington Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worthington Industries 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. 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 Worthington Stock, please use our How to Invest in Worthington Industries guide.At this time, Worthington Industries' Tax Provision is relatively stable compared to the past year. As of 12/16/2024, Sales General And Administrative To Revenue is likely to grow to 0.21, while Issuance Of Capital Stock is likely to drop slightly above 5.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit714.8M663.3M285.0M383.3M
Total Revenue5.2B4.9B1.2B1.2B

Worthington Industries fundamental ratios Correlations

0.90.670.850.940.870.420.920.490.96-0.720.490.65-0.780.950.920.540.60.980.780.97-0.070.650.870.80.5
0.90.480.850.720.910.70.670.230.91-0.670.230.7-0.650.940.890.340.630.960.580.830.10.70.780.60.29
0.670.480.480.760.60.030.80.540.6-0.50.54-0.04-0.450.570.580.970.240.570.80.69-0.20.020.560.650.32
0.850.850.480.70.840.620.690.190.78-0.810.190.77-0.460.760.960.30.30.90.570.850.320.810.610.540.11
0.940.720.760.70.740.170.990.620.89-0.640.620.46-0.810.850.80.680.560.850.850.93-0.190.450.850.850.61
0.870.910.60.840.740.70.720.140.88-0.660.140.61-0.560.880.910.480.520.890.720.80.00.650.720.560.13
0.420.70.030.620.170.70.15-0.530.55-0.4-0.530.61-0.20.510.63-0.050.270.570.310.280.380.590.350.19-0.17
0.920.670.80.690.990.720.150.590.86-0.660.590.42-0.750.790.80.720.450.820.890.91-0.170.410.80.850.59
0.490.230.540.190.620.14-0.530.590.33-0.271.0-0.01-0.490.420.220.490.370.370.250.61-0.390.050.450.450.52
0.960.910.60.780.890.880.550.860.33-0.640.330.61-0.850.960.880.510.680.950.80.87-0.060.60.920.810.55
-0.72-0.67-0.5-0.81-0.64-0.66-0.4-0.66-0.27-0.64-0.27-0.490.34-0.63-0.84-0.37-0.03-0.74-0.49-0.74-0.33-0.56-0.49-0.6-0.11
0.490.230.540.190.620.14-0.530.591.00.33-0.27-0.01-0.490.420.220.490.370.370.250.61-0.390.050.450.450.52
0.650.7-0.040.770.460.610.610.42-0.010.61-0.49-0.01-0.370.610.72-0.230.390.740.30.640.150.960.470.330.12
-0.78-0.65-0.45-0.46-0.81-0.56-0.2-0.75-0.49-0.850.34-0.49-0.37-0.8-0.57-0.42-0.77-0.71-0.64-0.690.19-0.33-0.92-0.81-0.83
0.950.940.570.760.850.880.510.790.420.96-0.630.420.61-0.80.860.450.730.950.680.88-0.170.630.920.770.48
0.920.890.580.960.80.910.630.80.220.88-0.840.220.72-0.570.860.420.350.940.720.890.160.760.730.690.23
0.540.340.970.30.680.48-0.050.720.490.51-0.370.49-0.23-0.420.450.420.210.410.760.54-0.2-0.190.490.590.35
0.60.630.240.30.560.520.270.450.370.68-0.030.370.39-0.770.730.350.210.580.350.51-0.390.340.760.450.52
0.980.960.570.90.850.890.570.820.370.95-0.740.370.74-0.710.950.940.410.580.690.940.040.740.830.730.41
0.780.580.80.570.850.720.310.890.250.8-0.490.250.3-0.640.680.720.760.350.690.72-0.170.270.710.780.51
0.970.830.690.850.930.80.280.910.610.87-0.740.610.64-0.690.880.890.540.510.940.72-0.080.660.790.750.44
-0.070.1-0.20.32-0.190.00.38-0.17-0.39-0.06-0.33-0.390.150.19-0.170.16-0.2-0.390.04-0.17-0.080.09-0.27-0.21-0.26
0.650.70.020.810.450.650.590.410.050.6-0.560.050.96-0.330.630.76-0.190.340.740.270.660.090.490.350.02
0.870.780.560.610.850.720.350.80.450.92-0.490.450.47-0.920.920.730.490.760.830.710.79-0.270.490.90.68
0.80.60.650.540.850.560.190.850.450.81-0.60.450.33-0.810.770.690.590.450.730.780.75-0.210.350.90.73
0.50.290.320.110.610.13-0.170.590.520.55-0.110.520.12-0.830.480.230.350.520.410.510.44-0.260.020.680.73
Click cells to compare fundamentals

Worthington Industries Account Relationship Matchups

Worthington Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B3.4B3.6B3.7B1.6B1.8B
Short Long Term Debt Total736.3M747.8M844.4M795.4M317.2M421.3M
Other Current Liab130.2M228.2M203.6M576.4M75.2M115.0M
Total Current Liabilities388.2M787.9M932.3M717.6M178.4M169.5M
Total Stockholder Equity820.8M1.4B1.5B1.7B888.9M800.7M
Property Plant And Equipment Net604.2M550.1M795.1M775.6M245.9M233.6M
Net Debt589.1M107.5M809.9M340.4M73.0M69.3M
Retained Earnings572.3M1.1B1.2B1.4B589.4M621.4M
Cash147.2M640.3M34.5M454.9M244.2M256.4M
Non Current Assets Total1.3B1.4B1.9B1.8B1.0B960.8M
Non Currrent Assets Other(37.0M)(83.2M)(80.7M)(76.1M)21.3M16.1M
Cash And Short Term Investments147.2M640.3M34.5M454.9M244.2M256.4M
Net Receivables349.4M641.9M878.0M224.5M217.1M348.7M
Common Stock Shares Outstanding56.0M53.9M51.0M49.4M50.3M63.6M
Liabilities And Stockholders Equity2.3B3.4B3.6B3.7B1.6B1.8B
Non Current Liabilities Total976.8M1.0B1.1B1.1B569.2M532.7M
Inventory405.1M564.8M759.1M608.0M164.6M156.4M
Other Current Assets68.5M121.0M114.0M1.0B47.9M71.6M
Other Stockholder Equity283.8M282.8M273.4M290.8M299.0M264.5M
Total Liab1.4B1.8B2.0B1.8B747.6M967.2M
Property Plant And Equipment Gross604.2M550.1M1.6B1.8B497.1M625.4M
Total Current Assets983.2M2.0B1.8B1.9B673.9M862.3M
Accumulated Other Comprehensive Income(35.2M)45.4M(22.9M)(23.2M)454.0K476.7K
Short Term Debt11M20.4M59.9M6.9M12.5M11.8M
Accounts Payable247.0M535.8M668.4M126.7M90.2M85.7M
Good Will321.4M351.1M401.5M414.8M331.6M214.4M
Intangible Assets184.4M240.4M299.0M314.2M221.1M151.3M
Other Liab247.9M296.2M312.3M332.0M381.8M400.9M
Other Assets1K30.6M34.4M25.3M(40.8M)(38.8M)
Long Term Debt699.5M710.0M696.3M689.7M298.1M462.5M
Property Plant Equipment572.6M550.1M795.1M775.6M698.1M477.9M
Common Stock820.8M1.4B1.5B1.7B2.0B2.0B
Net Tangible Assets315.0M806.8M780.3M967.0M1.1B586.6M
Noncontrolling Interest In Consolidated Entity117.1M145.6M153.5M133.2M153.2M114.0M
Retained Earnings Total Equity591.5M572.3M1.1B1.2B1.4B736.2M
Long Term Debt Total699.5M710.0M696.3M689.7M793.2M621.3M

Pair Trading with Worthington Industries

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

Moving against Worthington Stock

  0.68B Barnes GroupPairCorr
  0.6J Jacobs SolutionsPairCorr
  0.57CMPO CompoSecurePairCorr
  0.54CMPOW CompoSecurePairCorr
  0.5AZ A2Z Smart TechnologiesPairCorr
The ability to find closely correlated positions to Worthington Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Worthington Industries 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 Worthington Industries - 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 Worthington Industries to buy it.
The correlation of Worthington Industries 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 Worthington Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Worthington Industries 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 Worthington Industries 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 Worthington Stock Analysis

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