17 Education Retained Earnings vs Short Term Investments Analysis
YQ Stock | USD 1.61 0.12 6.94% |
17 Education financial indicator trend analysis is way more than just evaluating 17 Education Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 17 Education Technology is a good investment. Please check the relationship between 17 Education Retained Earnings and its Short Term Investments accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 17 Education Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
Retained Earnings vs Short Term Investments
Retained Earnings vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 17 Education Technology Retained Earnings account and Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between 17 Education's Retained Earnings and Short Term Investments is -0.59. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of 17 Education Technology, assuming nothing else is changed. The correlation between historical values of 17 Education's Retained Earnings and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of 17 Education Technology are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Retained Earnings i.e., 17 Education's Retained Earnings and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.59 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Short Term Investments
Short Term Investments is an item under the current assets section of 17 Education balance sheet. It contains any investments 17 Education Technology undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that 17 Education Technology can easily liquidate in the marketplace.Most indicators from 17 Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 17 Education Technology 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 17 Education Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. At this time, 17 Education's Selling General Administrative is relatively stable compared to the past year. As of 12/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.95, though Enterprise Value is likely to grow to (147.1 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 324.9M | 80.7M | 76.7M | Total Revenue | 2.2B | 531.1M | 171.0M | 162.4M |
17 Education fundamental ratios Correlations
Click cells to compare fundamentals
17 Education Account Relationship Matchups
High Positive Relationship
High Negative Relationship
17 Education fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 918.3M | 3.4B | 1.6B | 980.5M | 684.5M | 1.3B | |
Other Current Liab | 7.8M | 1.1B | 627.2M | 193.4M | 126.8M | 120.5M | |
Total Current Liabilities | 680.7M | 1.2B | 683.1M | 214.1M | 180.6M | 171.6M | |
Accounts Payable | 301.3M | 516.9M | 386.7M | 127.8M | 146.9M | 211.6M | |
Cash | 653.9M | 2.8B | 1.2B | 707.9M | 306.9M | 291.6M | |
Other Assets | 16.9M | 37.8M | 13.9M | 4.8M | 5.5M | 5.2M | |
Other Current Assets | 1.3M | 200.4M | 151.9M | 145.1M | 90.9M | 81.9M | |
Total Liab | 5.4B | 1.3B | 783.4M | 221.7M | 190.3M | 180.7M | |
Common Stock | 37K | 313K | 331K | 317K | 343K | 363.7K | |
Property Plant Equipment | 143.8M | 305.4M | 223.8M | 62.3M | 71.7M | 130.1M | |
Short Long Term Debt Total | 149.4M | 187.5M | 147.2M | 26.3M | 17.3M | 16.4M | |
Total Stockholder Equity | (4.5B) | 2.1B | 797.0M | 758.9M | 494.3M | 519.0M | |
Net Tangible Assets | (4.5B) | 2.1B | 797.0M | 758.9M | 872.7M | 916.3M | |
Property Plant And Equipment Net | 145.4M | 305.4M | 223.8M | 62.3M | 52.0M | 49.4M | |
Current Deferred Revenue | 243.5M | 596.3M | 243.9M | 42.4M | 44.9M | 42.7M | |
Net Debt | (504.4M) | (2.6B) | (1.0B) | (681.6M) | (289.6M) | (304.1M) | |
Retained Earnings | (4.6B) | (8.6B) | (10.1B) | (10.3B) | (10.6B) | (11.1B) | |
Non Current Assets Total | 160.7M | 343.2M | 237.7M | 67.1M | 53.8M | 51.1M | |
Non Currrent Assets Other | 15.2M | 37.8M | 13.9M | 4.8M | (2.1M) | (2.0M) | |
Cash And Short Term Investments | 653.9M | 2.8B | 1.2B | 727.4M | 480.6M | 953.4M | |
Net Receivables | 14.3M | 7.4M | 23.1M | 34.8M | 59.2M | 62.2M | |
Short Term Investments | 1.8M | 11.2M | 10.0M | 19.5M | 169.8M | 178.2M | |
Liabilities And Stockholders Equity | 918.3M | 3.4B | 1.6B | 980.5M | 684.5M | 1.2B | |
Non Current Liabilities Total | 4.7B | 120.1M | 100.3M | 7.5M | 9.7M | 9.2M | |
Capital Lease Obligations | 64.4M | 187.5M | 147.2M | 26.3M | 17.3M | 16.4M | |
Inventory | 88.2M | (7.2M) | (23.1M) | 10.2M | 89.9M | 94.4M | |
Net Invested Capital | (4.4B) | 2.1B | 797.0M | 758.9M | 494.3M | 519.0M | |
Property Plant And Equipment Gross | 145.4M | 325.2M | 223.8M | 62.3M | 139.1M | 131.9M | |
Total Current Assets | 757.6M | 3.0B | 1.3B | 913.4M | 630.7M | 1.1B | |
Accumulated Other Comprehensive Income | 88.2M | 49.6M | 18.7M | 62.7M | 77.4M | 52.9M | |
Capital Stock | 54.3M | 313K | 331K | 317K | 343K | 325.9K | |
Net Working Capital | 76.9M | 1.8B | 659.7M | 699.2M | 450.1M | 632.1M | |
Short Term Debt | 128.2M | 69.4M | 46.9M | 18.7M | 7.6M | 7.3M |
Pair Trading with 17 Education
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 17 Education 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 17 Education will appreciate offsetting losses from the drop in the long position's value.Moving together with 17 Education Stock
Moving against 17 Education Stock
0.72 | LRN | Stride Inc | PairCorr |
0.61 | UTI | Universal Technical | PairCorr |
0.56 | EEIQ | Elite Education Group | PairCorr |
0.53 | GHC | Graham Holdings | PairCorr |
The ability to find closely correlated positions to 17 Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 17 Education 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 17 Education - 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 17 Education Technology to buy it.
The correlation of 17 Education 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 17 Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 17 Education Technology 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 17 Education 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 17 Education Stock Analysis
When running 17 Education's price analysis, check to measure 17 Education'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 17 Education is operating at the current time. Most of 17 Education's value examination focuses on studying past and present price action to predict the probability of 17 Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 17 Education's price. Additionally, you may evaluate how the addition of 17 Education to your portfolios can decrease your overall portfolio volatility.