Copa Current Deferred Revenue vs Cash And Equivalents Analysis
CPA Stock | USD 98.95 0.19 0.19% |
Copa Holdings financial indicator trend analysis is way more than just evaluating Copa Holdings SA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Copa Holdings SA is a good investment. Please check the relationship between Copa Holdings Current Deferred Revenue and its Cash And Equivalents accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copa Holdings SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Current Deferred Revenue vs Cash And Equivalents
Current Deferred Revenue vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Copa Holdings SA Current Deferred Revenue account and Cash And Equivalents. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Copa Holdings' Current Deferred Revenue and Cash And Equivalents is -0.48. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Copa Holdings SA, assuming nothing else is changed. The correlation between historical values of Copa Holdings' Current Deferred Revenue and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Copa Holdings SA are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Current Deferred Revenue i.e., Copa Holdings' Current Deferred Revenue and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Cash And Equivalents
Most indicators from Copa Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Copa Holdings SA 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 Copa Holdings SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At present, Copa Holdings' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 101.2 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.04.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 959.9M | 1.9B | 2.3B | 2.4B | Other Operating Expenses | 1.4B | 2.5B | 2.6B | 1.7B |
Copa Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Copa Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Copa Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.3B | 3.9B | 4.2B | 4.7B | 5.2B | 3.1B | |
Short Long Term Debt Total | 1.4B | 1.4B | 1.6B | 1.7B | 1.7B | 1.1B | |
Total Stockholder Equity | 1.9B | 1.3B | 1.3B | 1.5B | 2.1B | 1.3B | |
Property Plant And Equipment Net | 2.8B | 2.4B | 2.7B | 3.1B | 3.5B | 2.1B | |
Net Debt | 1.2B | 1.3B | 1.4B | 1.6B | 1.5B | 904.9M | |
Non Current Assets Total | 3.1B | 2.6B | 3.0B | 3.5B | 3.9B | 2.4B | |
Non Currrent Assets Other | 38.0M | 21.5M | 36.9M | 25.3M | 32.0M | 55.6M | |
Net Receivables | 129.8M | 64.6M | 92.5M | 148.1M | 159.2M | 104.3M | |
Common Stock Shares Outstanding | 42.3M | 42.5M | 42.6M | 47.4M | 40.2M | 34.6M | |
Liabilities And Stockholders Equity | 4.3B | 3.9B | 4.2B | 4.7B | 5.2B | 3.1B | |
Non Current Liabilities Total | 1.4B | 1.7B | 1.8B | 2.0B | 1.7B | 1.1B | |
Other Current Assets | 14.2M | 7.8M | 6.1M | 6.5M | 76.9M | 80.8M | |
Other Stockholder Equity | (50.3M) | (45.0M) | (78.6M) | (241.1M) | 6.8M | 7.1M | |
Total Liab | 2.4B | 2.6B | 3.0B | 3.2B | 3.1B | 1.8B | |
Property Plant And Equipment Gross | 2.8B | 2.4B | 2.7B | 4.3B | 5.0B | 5.2B | |
Total Current Assets | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | 824.2M | |
Other Current Liab | 614.1M | 519.4M | 627.3M | 749.1M | 744.6M | 378.0M | |
Total Current Liabilities | 1.0B | 888.6M | 1.1B | 1.2B | 1.3B | 823.5M | |
Other Liab | 248.0M | 279.8M | 490.0M | 505.7M | 581.6M | 610.7M | |
Retained Earnings | 2.0B | 1.3B | 1.4B | 1.7B | 2.1B | 1.4B | |
Accounts Payable | 123.3M | 66.4M | 120.5M | 166.7M | 182.3M | 108.5M | |
Cash | 158.7M | 119.1M | 211.1M | 122.4M | 206.4M | 201.3M | |
Other Assets | 520.5M | 57.1M | 65.3M | 56.0M | 64.4M | 61.2M | |
Long Term Debt | 938.2M | 1.0B | 1.2B | 1.3B | 1.5B | 936.1M | |
Short Term Investments | 692.4M | 770.8M | 806.3M | 812.3M | 708.8M | 455.2M | |
Inventory | 69.1M | 74.3M | 74.8M | 93.3M | 116.6M | 122.4M | |
Common Stock | 28.6M | 28.7M | 28.8M | 28.8M | 28.8M | 23.3M | |
Property Plant Equipment | 2.4B | 2.4B | 2.7B | 3.1B | 3.6B | 2.0B | |
Current Deferred Revenue | 80.3M | 91.2M | 95.1M | 55.3M | 126.7M | 121.5M | |
Cash And Short Term Investments | 851.1M | 889.9M | 1.0B | 934.7M | 915.2M | 710.4M | |
Common Stock Total Equity | 28.5M | 28.6M | 28.6M | 28.7M | 25.8M | 23.2M | |
Accumulated Other Comprehensive Income | (8.6M) | (24.1M) | (18.7M) | (11.4M) | (9.3M) | (9.8M) | |
Short Term Debt | 215.0M | 211.6M | 270.5M | 222.6M | 290.7M | 191.9M | |
Intangible Assets | 108.1M | 95.6M | 61.4M | 58.2M | 88.0M | 64.2M | |
Net Tangible Assets | 1.7B | 1.8B | 1.2B | 1.2B | 1.1B | 1.3B | |
Long Term Investments | 134.3M | 119.6M | 199.7M | 202.1M | 232.4M | 244.0M | |
Short Long Term Debt | 117.2M | 127.9M | 196.6M | 142.5M | 128.2M | 231.2M |
Pair Trading with Copa 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 Copa 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 Copa Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Copa Stock
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Moving against Copa Stock
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The ability to find closely correlated positions to Copa 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 Copa 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 Copa 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 Copa Holdings SA to buy it.
The correlation of Copa 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 Copa Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Copa Holdings SA 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 Copa 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copa Holdings SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Copa Stock analysis
When running Copa Holdings' price analysis, check to measure Copa 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 Copa Holdings is operating at the current time. Most of Copa Holdings' value examination focuses on studying past and present price action to predict the probability of Copa Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copa Holdings' price. Additionally, you may evaluate how the addition of Copa Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Copa Holdings' 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 Copa Holdings. If investors know Copa 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 Copa Holdings 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 1.039 | Dividend Share 3.28 | Earnings Share 12.89 | Revenue Per Share 86.095 | Quarterly Revenue Growth 0.03 |
The market value of Copa Holdings SA is measured differently than its book value, which is the value of Copa that is recorded on the company's balance sheet. Investors also form their own opinion of Copa Holdings' value that differs from its market value or its book value, called intrinsic value, which is Copa Holdings' 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 Copa Holdings' market value can be influenced by many factors that don't directly affect Copa Holdings' 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 Copa Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Copa Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copa Holdings' 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.