Forum Net Invested Capital vs Short Long Term Debt Analysis
FET Stock | USD 16.77 0.38 2.22% |
Forum Energy financial indicator trend analysis is much more than just examining Forum Energy Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forum Energy Technologies is a good investment. Please check the relationship between Forum Energy Net Invested Capital and its Short Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Net Invested Capital vs Short Long Term Debt
Net Invested Capital vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forum Energy Technologies Net Invested Capital account and Short Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Forum Energy's Net Invested Capital and Short Long Term Debt is -0.35. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Forum Energy Technologies, assuming nothing else is changed. The correlation between historical values of Forum Energy's Net Invested Capital and Short Long 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 Net Invested Capital of Forum Energy Technologies are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Invested Capital i.e., Forum Energy's Net Invested Capital and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Most indicators from Forum Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forum Energy Technologies 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 Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At this time, Forum Energy's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 6.85 in 2024, whereas Selling General Administrative is likely to drop slightly above 180 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 32M | 31.5M | 18.3M | 28.0M | Depreciation And Amortization | 42.2M | 37.1M | 34.7M | 59.3M |
Forum Energy fundamental ratios Correlations
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Forum Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Forum Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 5.5M | 5.6M | 5.6M | 6.0M | 10.2M | 5.4M | |
Total Assets | 1.2B | 889.9M | 791.3M | 831.3M | 821.1M | 1.2B | |
Short Long Term Debt Total | 399.6M | 294.7M | 233.3M | 239.9M | 201.4M | 303.8M | |
Other Current Liab | 86.7M | 67.6M | 58.4M | 76.7M | 53.3M | 63.8M | |
Total Current Liabilities | 196.9M | 124.9M | 175.7M | 210.5M | 204.3M | 158.9M | |
Total Stockholder Equity | 486M | 406.2M | 329.1M | 307.1M | 412.6M | 655.0M | |
Property Plant And Equipment Net | 203.5M | 145.2M | 119.4M | 116.8M | 134.3M | 165.1M | |
Current Deferred Revenue | 10.8M | 9.7M | 17.0M | 14.7M | 14.8M | 13.0M | |
Net Debt | 341.7M | 166.1M | 186.4M | 188.9M | 155.2M | 247.2M | |
Retained Earnings | (503.4M) | (601.7M) | (684.3M) | (680.6M) | (699.5M) | (664.5M) | |
Accounts Payable | 98.7M | 46.4M | 99.4M | 118.3M | 125.9M | 106.9M | |
Cash | 57.9M | 128.6M | 46.9M | 51M | 46.2M | 77.9M | |
Non Current Assets Total | 494.1M | 399.7M | 344.6M | 318.4M | 291.5M | 276.9M | |
Non Currrent Assets Other | 18.3M | 14.1M | 7.8M | 9.9M | 6.3M | 6.0M | |
Cash And Short Term Investments | 57.9M | 128.6M | 46.9M | 51M | 46.2M | 77.9M | |
Net Receivables | 216.1M | 154.2M | 80.6M | 123.9M | 161.9M | 138.8M | |
Good Will | 272.3M | (44K) | (5K) | 19K | 17.1K | 16.2K | |
Common Stock Total Equity | 1.2M | 1.2M | 60K | 61K | 70.2K | 66.6K | |
Liabilities And Stockholders Equity | 1.2B | 889.9M | 791.3M | 831.3M | 821.1M | 1.2B | |
Non Current Liabilities Total | 477.1M | 358.8M | 286.5M | 313.7M | 204.1M | 350.7M | |
Inventory | 414.6M | 251.7M | 241.7M | 269.8M | 299.6M | 380.4M | |
Other Current Assets | 39.2M | 29.3M | 34.2M | 37.9M | 21.9M | 20.8M | |
Other Stockholder Equity | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | 935.1M | |
Total Liab | 674M | 483.7M | 462.2M | 524.2M | 408.4M | 509.6M | |
Property Plant And Equipment Gross | 203.5M | 145.2M | 119.4M | 116.8M | 291.1M | 177.8M | |
Total Current Assets | 665.9M | 490.2M | 446.7M | 512.9M | 529.6M | 505.0M | |
Accumulated Other Comprehensive Income | (108.9M) | (100.4M) | (101.0M) | (127.5M) | (115.2M) | (109.5M) | |
Short Term Debt | 1.2M | 700K | 1.3M | 900K | 10.4M | 10.9M | |
Intangible Assets | 272.3M | 240.4M | 217.4M | 191.5M | 168.0M | 263.4M | |
Common Stock | 1.2M | 60K | 61K | 62K | 109K | 103.6K | |
Other Liab | 28.3M | 65.4M | 54.1M | 13.7M | 15.7M | 14.9M | |
Other Assets | 18.3M | 45.6M | 7.8M | 10.1M | 11.6M | 16.9M | |
Long Term Debt | 398.9M | 293.4M | 232.4M | 239.1M | 129.6M | 123.1M | |
Treasury Stock | (134.4M) | (134.5M) | (134.5M) | (135.6M) | (122.0M) | (128.1M) | |
Property Plant Equipment | 203.5M | 145.2M | 119.4M | 116.8M | 134.3M | 172.4M | |
Net Tangible Assets | 213.7M | 165.8M | 111.7M | 115.6M | 104.0M | 181.3M | |
Retained Earnings Total Equity | 63.7M | (503.4M) | (601.7M) | (684.3M) | (615.9M) | (585.1M) | |
Long Term Debt Total | 398.9M | 293.4M | 232.4M | 239.1M | 215.2M | 314.3M |
Pair Trading with Forum Energy
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 Forum Energy 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 Forum Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Forum Stock
Moving against Forum Stock
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The ability to find closely correlated positions to Forum Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forum Energy 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 Forum Energy - 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 Forum Energy Technologies to buy it.
The correlation of Forum Energy 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 Forum Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forum Energy Technologies 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 Forum Energy 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 Forum Stock Analysis
When running Forum Energy's price analysis, check to measure Forum Energy'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 Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.