Zoomcar Total Assets vs Net Working Capital Analysis
| ZCAR Stock | 5.39 0.09 1.70% |
Zoomcar Holdings financial indicator trend analysis is more than just analyzing Zoomcar Holdings current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoomcar Holdings is a good investment. Please check the relationship between Zoomcar Holdings Total Assets and its Net Working Capital accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoomcar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Zoomcar Stock, please use our How to Invest in Zoomcar Holdings guide.
Total Assets vs Net Working Capital
Total Assets vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoomcar Holdings Total Assets account and Net Working Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between Zoomcar Holdings' Total Assets and Net Working Capital is 0.27. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Zoomcar Holdings, assuming nothing else is changed. The correlation between historical values of Zoomcar Holdings' Total Assets and Net Working Capital 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 Assets of Zoomcar Holdings are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Assets i.e., Zoomcar Holdings' Total Assets and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.27 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Zoomcar Holdings assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Zoomcar Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Net Working Capital
Most indicators from Zoomcar Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoomcar Holdings 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 Zoomcar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Zoomcar Stock, please use our How to Invest in Zoomcar Holdings guide.As of 12/04/2024, Selling General Administrative is likely to drop to about 13 M. Issuance Of Capital Stock is expected to grow at the current pace this year
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 3.2M | 795.4K | 1.0M | 971.9K | Interest Income | 142.6K | 28.9K | 47.9K | 84.7K |
Zoomcar Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Zoomcar Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Zoomcar Holdings
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 Zoomcar Holdings 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 Zoomcar Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Zoomcar Stock
| 0.88 | HRI | Herc Holdings | PairCorr |
| 0.86 | FTAIM | FTAI Aviation | PairCorr |
| 0.8 | MGRC | McGrath RentCorp | PairCorr |
| 0.78 | HEES | HE Equipment Services | PairCorr |
| 0.77 | WLFC | Willis Lease Finance | PairCorr |
The ability to find closely correlated positions to Zoomcar Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zoomcar Holdings 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 Zoomcar Holdings - 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 Zoomcar Holdings to buy it.
The correlation of Zoomcar Holdings 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 Zoomcar Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zoomcar Holdings 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 Zoomcar Holdings 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 Zoomcar Stock Analysis
When running Zoomcar Holdings' price analysis, check to measure Zoomcar Holdings' 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 Zoomcar Holdings is operating at the current time. Most of Zoomcar Holdings' value examination focuses on studying past and present price action to predict the probability of Zoomcar Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoomcar Holdings' price. Additionally, you may evaluate how the addition of Zoomcar Holdings to your portfolios can decrease your overall portfolio volatility.