Data Cash And Short Term Investments vs Short Term Debt Analysis
DTST Stock | USD 6.65 0.38 6.06% |
Data Storage financial indicator trend analysis is much more than just examining Data Storage Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Data Storage Corp is a good investment. Please check the relationship between Data Storage Cash And Short Term Investments and its Short Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Data Storage Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Data Stock please use our How to Invest in Data Storage guide.
Cash And Short Term Investments vs Short Term Debt
Cash And Short Term Investments vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Data Storage Corp Cash And Short Term Investments account and Short Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Data Storage's Cash And Short Term Investments and Short Term Debt is -0.04. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Data Storage Corp, assuming nothing else is changed. The correlation between historical values of Data Storage's Cash And Short Term Investments and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Data Storage Corp are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Cash And Short Term Investments i.e., Data Storage's Cash And Short Term Investments and Short Term Debt go up and down completely randomly.
Correlation Coefficient | -0.04 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Data Storage Corp balance sheet. This account contains Data Storage investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Data Storage Corp 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.Short Term Debt
Most indicators from Data Storage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Data Storage Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Data Storage Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Data Stock please use our How to Invest in Data Storage guide.At this time, Data Storage's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to 0.00 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 126.7K | 130.1K | 74.5K | 70.8K | Depreciation And Amortization | 1.3M | 1.2M | 1.4M | 736.2K |
Data Storage fundamental ratios Correlations
Click cells to compare fundamentals
Data Storage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Data Storage fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.3M | 7.8M | 26.3M | 24.1M | 23.3M | 24.5M | |
Other Current Liab | 971.0K | 1.1M | 2.4M | 880.5K | 3.1M | 3.3M | |
Total Current Liabilities | 3.7M | 4.4M | 3.0M | 4.5M | 3.5M | 3.2M | |
Total Stockholder Equity | 1.8M | 2.0M | 22.7M | 19.1M | 20.0M | 21.0M | |
Property Plant And Equipment Net | 2.5M | 2.5M | 2.4M | 2.4M | 2.8M | 1.5M | |
Net Debt | 3.0M | 2.4M | (10.1M) | (636.3K) | (827.3K) | (785.9K) | |
Retained Earnings | (15.8M) | (15.7M) | (15.5M) | (19.9M) | (19.5M) | (20.5M) | |
Accounts Payable | 906.7K | 979.6K | 1.3M | 3.2M | 2.6M | 2.7M | |
Cash | 326.6K | 893.6K | 12.1M | 2.3M | 1.4M | 1.2M | |
Non Current Assets Total | 6.2M | 6.1M | 11.3M | 8.7M | 8.8M | 5.3M | |
Cash And Short Term Investments | 326.6K | 893.6K | 12.1M | 11.3M | 12.7M | 13.4M | |
Net Receivables | 691.4K | 554.6K | 2.4M | 3.5M | 1.3M | 752.7K | |
Common Stock Shares Outstanding | 3.2M | 3.4M | 6.3M | 6.8M | 7.2M | 7.6M | |
Liabilities And Stockholders Equity | 7.3M | 7.8M | 26.3M | 24.1M | 23.3M | 24.5M | |
Non Current Liabilities Total | 1.9M | 1.5M | 748.4K | 609.3K | 37.9K | 36.0K | |
Other Stockholder Equity | 17.5M | 17.6M | 38.2M | 39.0M | 39.5M | 20.0M | |
Total Liab | 5.6M | 5.8M | 3.7M | 5.1M | 3.5M | 4.4M | |
Property Plant And Equipment Gross | 2.5M | 2.5M | 7.0M | 7.4M | 7.9M | 8.3M | |
Total Current Assets | 1.1M | 1.7M | 15.1M | 15.4M | 14.5M | 15.2M | |
Common Stock | 128.4K | 128.5K | 6.7K | 6.8K | 6.9K | 6.5K | |
Short Long Term Debt Total | 3.3M | 3.3M | 2.0M | 1.7M | 601.5K | 571.4K | |
Current Deferred Revenue | 432.9K | 461.9K | 366.9K | 281.1K | 336.2K | 500.9K | |
Short Term Debt | 1.4M | 1.8M | 1.3M | 1.0M | 563.5K | 1.0M | |
Intangible Assets | 649.9K | 455.9K | 2.3M | 2.0M | 1.7M | 968.8K | |
Other Current Assets | 80.7K | 239.5K | 536.4K | 41.3K | 513.2K | 538.8K | |
Net Tangible Assets | (2.1M) | (1.9M) | (1.5M) | 13.9M | 16.0M | 16.8M | |
Property Plant Equipment | 1.3M | 2.5M | 2.5M | 2.4M | 2.7M | 1.6M | |
Capital Lease Obligations | 2.9M | 2.8M | 2.0M | 1.7M | 601.5K | 571.4K | |
Net Invested Capital | 2.2M | 2.5M | 22.7M | 19.1M | 20.0M | 11.1M | |
Net Working Capital | (2.6M) | (2.7M) | 12.1M | 10.9M | 11.0M | 11.6M | |
Capital Stock | 129.8K | 129.9K | 6.7K | 6.8K | 6.9K | 6.5K |
Pair Trading with Data Storage
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 Data Storage 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 Data Storage will appreciate offsetting losses from the drop in the long position's value.Moving against Data Stock
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The ability to find closely correlated positions to Data Storage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Data Storage 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 Data Storage - 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 Data Storage Corp to buy it.
The correlation of Data Storage 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 Data Storage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Data Storage Corp 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 Data Storage 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 Data Stock Analysis
When running Data Storage's price analysis, check to measure Data Storage'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 Data Storage is operating at the current time. Most of Data Storage's value examination focuses on studying past and present price action to predict the probability of Data Storage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Data Storage's price. Additionally, you may evaluate how the addition of Data Storage to your portfolios can decrease your overall portfolio volatility.