CompX Short Term Debt vs Cash And Short Term Investments Analysis
CIX Stock | USD 25.68 1.92 6.96% |
CompX International financial indicator trend analysis is way more than just evaluating CompX International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CompX International is a good investment. Please check the relationship between CompX International Short Term Debt and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CompX International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy CompX Stock please use our How to Invest in CompX International guide.
Short Term Debt vs Cash And Short Term Investments
Short Term Debt vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CompX International Short Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CompX International's Short Term Debt and Cash And Short Term Investments is -0.4. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of CompX International, assuming nothing else is changed. The correlation between historical values of CompX International's Short Term Debt and Cash 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 Short Term Debt of CompX International are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Short Term Debt i.e., CompX International's Short Term Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Debt
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of CompX International balance sheet. This account contains CompX International investments that will expire within one year. These investments include stocks and bonds that can be liquidated by CompX International fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from CompX International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CompX International 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CompX International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy CompX Stock please use our How to Invest in CompX International guide.Enterprise Value is likely to rise to about 220.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 18.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 42.7M | 48.8M | 49.2M | 32.8M | Total Revenue | 140.8M | 166.6M | 161.3M | 121.0M |
CompX International fundamental ratios Correlations
Click cells to compare fundamentals
CompX International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CompX International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 178.5M | 184.0M | 192.5M | 177.4M | 187.6M | 135.5M | |
Other Current Liab | 10.5M | 10.5M | 13.0M | 12.6M | 11.8M | 12.4M | |
Total Current Liabilities | 13.1M | 13.2M | 16.4M | 16.7M | 17.2M | 16.0M | |
Total Stockholder Equity | 162.2M | 167.7M | 173.1M | 158.4M | 168.8M | 140.7M | |
Property Plant And Equipment Net | 31.0M | 29.0M | 29.2M | 28.7M | 25.9M | 41.0M | |
Net Debt | (63.3M) | (70.6M) | (76.6M) | (26.7M) | (41.4M) | (39.3M) | |
Retained Earnings | 106.2M | 111.5M | 118.2M | 105.2M | 115.5M | 60.1M | |
Accounts Payable | 2.5M | 2.6M | 3.4M | 3.5M | 3.1M | 3.0M | |
Cash | 63.3M | 70.6M | 76.6M | 26.7M | 41.4M | 36.6M | |
Non Current Assets Total | 83.4M | 82.8M | 72.2M | 66.2M | 61.0M | 72.8M | |
Non Currrent Assets Other | 28.7M | 30.1M | 19.3M | (1.6M) | (740K) | (703K) | |
Cash And Short Term Investments | 63.3M | 70.6M | 76.6M | 59.9M | 76.7M | 39.4M | |
Net Receivables | 11.9M | 10.7M | 15.5M | 17.8M | 17.1M | 13.4M | |
Common Stock Shares Outstanding | 12.4M | 12.4M | 12.4M | 12.3M | 12.3M | 10.7M | |
Liabilities And Stockholders Equity | 178.5M | 184.0M | 192.5M | 177.4M | 187.6M | 135.5M | |
Non Current Liabilities Total | 3.3M | 3.2M | 2.9M | 2.3M | 1.6M | 1.5M | |
Inventory | 18.3M | 18.3M | 25.6M | 31.3M | 30.7M | 17.0M | |
Other Current Assets | 1.6M | 1.5M | 2.5M | 2.1M | 2.1M | 2.9M | |
Other Stockholder Equity | 55.9M | 56.0M | 54.8M | 53.2M | 53.3M | 71.2M | |
Total Liab | 16.3M | 16.4M | 19.4M | 19.0M | 18.8M | 33.1M | |
Property Plant And Equipment Gross | 31.0M | 29.0M | 100.9M | 103.4M | 103.6M | 108.8M | |
Total Current Assets | 95.1M | 101.2M | 120.2M | 111.2M | 126.6M | 86.2M | |
Accumulated Other Comprehensive Income | (63.6M) | (65.7M) | 0.0 | (17K) | (6K) | (6.3K) | |
Other Liab | 3.3M | 3.2M | 2.9M | 2.3M | 2.6M | 2.5M | |
Other Assets | 28.7M | 30.1M | 21.8M | 42K | 48.3K | 45.9K | |
Property Plant Equipment | 31.0M | 29.0M | 29.2M | 28.7M | 25.8M | 42.5M | |
Net Tangible Assets | 162.2M | 167.7M | 173.1M | 158.4M | 182.2M | 136.2M | |
Retained Earnings Total Equity | 106.2M | 111.5M | 118.2M | 105.2M | 121.0M | 84.1M | |
Capital Surpluse | 55.9M | 56.0M | 54.8M | 53.2M | 47.8M | 44.2M | |
Deferred Long Term Liab | 3.3M | 3.2M | 2.9M | 2.2M | 2.0M | 1.9M | |
Accumulated Depreciation | (65.7M) | (68.4M) | (71.7M) | (74.7M) | (85.9M) | (90.2M) |
Pair Trading with CompX International
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 CompX International 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 CompX International will appreciate offsetting losses from the drop in the long position's value.Moving together with CompX Stock
0.8 | CSGP | CoStar Group | PairCorr |
Moving against CompX Stock
0.85 | AZ | A2Z Smart Technologies | PairCorr |
0.73 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
0.6 | FA | First Advantage Corp | PairCorr |
0.48 | AP | Ampco Pittsburgh | PairCorr |
The ability to find closely correlated positions to CompX International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CompX International 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 CompX International - 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 CompX International to buy it.
The correlation of CompX International 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 CompX International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CompX International 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 CompX International 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CompX International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy CompX Stock please use our How to Invest in CompX International guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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Is CompX International's industry 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 CompX International. If investors know CompX 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 CompX International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.395 | Dividend Share 1 | Earnings Share 1.84 | Revenue Per Share 13.101 | Quarterly Revenue Growth 0.08 |
The market value of CompX International is measured differently than its book value, which is the value of CompX that is recorded on the company's balance sheet. Investors also form their own opinion of CompX International's value that differs from its market value or its book value, called intrinsic value, which is CompX International'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 CompX International's market value can be influenced by many factors that don't directly affect CompX International'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 CompX International's value and its price as these two are different measures arrived at by different means. Investors typically determine if CompX International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CompX International'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.