CKX Total Current Assets vs Deferred Long Term Liab Analysis
CKX Stock | USD 13.78 0.27 1.92% |
CKX Lands financial indicator trend analysis is way more than just evaluating CKX Lands prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CKX Lands is a good investment. Please check the relationship between CKX Lands Total Current Assets and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CKX Lands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy CKX Stock please use our How to Invest in CKX Lands guide.
Total Current Assets vs Deferred Long Term Liab
Total Current Assets vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CKX Lands Total Current Assets account and Deferred Long Term Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between CKX Lands' Total Current Assets and Deferred Long Term Liab is 0.21. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of CKX Lands, assuming nothing else is changed. The correlation between historical values of CKX Lands' Total Current Assets and Deferred Long Term Liab 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 Current Assets of CKX Lands are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Total Current Assets i.e., CKX Lands' Total Current Assets and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Most indicators from CKX Lands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CKX Lands 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 CKX Lands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy CKX Stock please use our How to Invest in CKX Lands guide.At this time, CKX Lands' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 146.2 K in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (738.17).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 689.1K | 1.0M | 1.4M | 1.3M | Total Revenue | 744.5K | 1.1M | 1.5M | 1.4M |
CKX Lands fundamental ratios Correlations
Click cells to compare fundamentals
CKX Lands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CKX Lands fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.9M | 16.3M | 17.1M | 17.7M | 18.8M | 11.8M | |
Other Current Liab | 62.3K | 110.8K | 111.1K | (229.6K) | (184.8K) | (175.5K) | |
Total Current Liabilities | 227.4K | 342.2K | 261.2K | 267.2K | 495.3K | 258.0K | |
Total Stockholder Equity | 15.4M | 15.8M | 16.6M | 17.4M | 18.3M | 11.2M | |
Property Plant And Equipment Net | 9.2M | 9.2M | 9.1M | 9.1M | 9.1M | 6.2M | |
Net Debt | (3.3M) | (6.5M) | (7.4M) | (7.1M) | (7.5M) | (7.2M) | |
Retained Earnings | 15.4M | 15.7M | 16.5M | 15.2M | 15.4M | 11.2M | |
Accounts Payable | 62.3K | 110.8K | 111.1K | 37.6K | 159.2K | 167.1K | |
Cash | 3.3M | 6.5M | 7.4M | 7.1M | 7.5M | 7.9M | |
Non Current Assets Total | 9.2M | 9.2M | 9.1M | 9.4M | 9.4M | 7.2M | |
Cash And Short Term Investments | 6.5M | 7.0M | 7.9M | 8.2M | 9.1M | 9.5M | |
Net Receivables | 102.8K | 98.5K | 50.7K | 126.4K | 104.7K | 140.1K | |
Short Term Investments | 3.2M | 502.6K | 502.8K | 1.0M | 1.5M | 1.8M | |
Liabilities And Stockholders Equity | 15.9M | 16.3M | 17.1M | 17.7M | 18.8M | 11.8M | |
Inventory | (244.8K) | (3.2M) | (502.6K) | (502.8K) | (452.5K) | (475.2K) | |
Other Current Assets | 3.2M | 511.3K | 538.2K | 28.7K | (9.2M) | (8.7M) | |
Other Stockholder Equity | 74.6K | 76.4K | 0.0 | 2.1M | 2.9M | 3.0M | |
Total Liab | 415.1K | 529.9K | 448.9K | 267.2K | 495.3K | 399.7K | |
Property Plant And Equipment Gross | 9.2M | 9.2M | 9.1M | 9.2M | 9.2M | 6.2M | |
Total Current Assets | 6.6M | 7.1M | 8.0M | 8.3M | 9.4M | 9.9M | |
Short Term Debt | (62.3K) | (110.8K) | (111.1K) | (37.6K) | 336.2K | 353.0K | |
Property Plant Equipment | 9.2M | 9.2M | 9.1M | 9.1M | 10.4M | 6.4M | |
Net Tangible Assets | 15.2M | 15.4M | 15.8M | 16.6M | 19.1M | 15.5M | |
Retained Earnings Total Equity | 14.3M | 15.1M | 15.4M | 15.7M | 18.1M | 15.3M | |
Net Invested Capital | 15.4M | 15.8M | 16.6M | 17.4M | 18.3M | 17.8M | |
Net Working Capital | 6.4M | 6.7M | 7.7M | 8.0M | 8.9M | 7.5M | |
Current Deferred Revenue | 165.2K | 231.4K | 150.1K | 229.6K | 184.8K | 196.9K |
Pair Trading with CKX Lands
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 CKX Lands 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 CKX Lands will appreciate offsetting losses from the drop in the long position's value.Moving against CKX Stock
0.73 | TCI | Transcontinental Realty Earnings Call This Week | PairCorr |
0.68 | FR | First Industrial Realty | PairCorr |
0.62 | FSV | FirstService Corp | PairCorr |
0.59 | PW | Power REIT | PairCorr |
0.57 | WY | Weyerhaeuser Financial Report 25th of July 2024 | PairCorr |
The ability to find closely correlated positions to CKX Lands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CKX Lands 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 CKX Lands - 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 CKX Lands to buy it.
The correlation of CKX Lands 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 CKX Lands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CKX Lands 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 CKX Lands 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 CKX Lands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy CKX Stock please use our How to Invest in CKX Lands guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for CKX Stock analysis
When running CKX Lands' price analysis, check to measure CKX Lands' 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 CKX Lands is operating at the current time. Most of CKX Lands' value examination focuses on studying past and present price action to predict the probability of CKX Lands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CKX Lands' price. Additionally, you may evaluate how the addition of CKX Lands to your portfolios can decrease your overall portfolio volatility.
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Is CKX Lands' 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 CKX Lands. If investors know CKX 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 CKX Lands 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 (0.99) | Earnings Share 0.07 | Revenue Per Share 0.752 | Quarterly Revenue Growth 1.439 | Return On Assets (0) |
The market value of CKX Lands is measured differently than its book value, which is the value of CKX that is recorded on the company's balance sheet. Investors also form their own opinion of CKX Lands' value that differs from its market value or its book value, called intrinsic value, which is CKX Lands' 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 CKX Lands' market value can be influenced by many factors that don't directly affect CKX Lands' 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 CKX Lands' value and its price as these two are different measures arrived at by different means. Investors typically determine if CKX Lands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CKX Lands' 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.