Servotronics Other Current Assets vs Non Currrent Assets Other Analysis
SVT Stock | USD 12.20 0.09 0.74% |
Servotronics financial indicator trend analysis is much more than just breaking down Servotronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Servotronics is a good investment. Please check the relationship between Servotronics Other Current Assets and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Servotronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Servotronics Stock please use our How to Invest in Servotronics guide.
Other Current Assets vs Non Currrent Assets Other
Other Current Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Servotronics Other Current Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have pay attention.
The correlation between Servotronics' Other Current Assets and Non Currrent Assets Other is -0.82. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Servotronics, assuming nothing else is changed. The correlation between historical values of Servotronics' Other Current Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Servotronics are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Other Current Assets i.e., Servotronics' Other Current Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.82 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Servotronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Servotronics 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Servotronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Servotronics Stock please use our How to Invest in Servotronics guide.At this time, Servotronics' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 1.2 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 40.6M | 43.8M | 43.6M | 28.4M | Depreciation And Amortization | 1.4M | 1.2M | 1.1M | 728.6K |
Servotronics fundamental ratios Correlations
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Servotronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Servotronics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 49.5M | 50.3M | 50.1M | 45.3M | 37.7M | 27.9M | |
Short Long Term Debt Total | 6.0M | 9.9M | 5.0M | 501K | 2.1M | 2.0M | |
Other Current Liab | 3.3M | 2.5M | 3.3M | 2.6M | 3.8M | 2.0M | |
Total Current Liabilities | 8.6M | 6.8M | 4.2M | 6.2M | 7.9M | 4.0M | |
Total Stockholder Equity | 33.5M | 33.7M | 35.4M | 35.1M | 24.5M | 18.6M | |
Property Plant And Equipment Net | 12.7M | 12.0M | 10.6M | 10.7M | 7.0M | 7.4M | |
Net Debt | 4.0M | 4.0M | (4.5M) | (3.5M) | 1.9M | 1.4M | |
Retained Earnings | 20.5M | 21.8M | 25.9M | 23.7M | 13.0M | 7.5M | |
Cash | 2.0M | 5.9M | 9.5M | 4.0M | 245K | 232.8K | |
Non Current Assets Total | 13.2M | 12.5M | 11.8M | 12.0M | 8.2M | 7.9M | |
Non Currrent Assets Other | 345K | 331K | 321K | 314K | 42.0K | 39.9K | |
Cash And Short Term Investments | 2.0M | 5.9M | 9.5M | 4.0M | 245K | 232.8K | |
Net Receivables | 13.2M | 7.6M | 7.2M | 9.5M | 12.1M | 12.7M | |
Common Stock Shares Outstanding | 2.4M | 2.4M | 2.4M | 2.4M | 2.5M | 2.3M | |
Liabilities And Stockholders Equity | 49.5M | 50.3M | 50.1M | 45.3M | 37.7M | 27.9M | |
Non Current Liabilities Total | 7.3M | 9.8M | 10.5M | 4.0M | 5.3M | 5.3M | |
Inventory | 20.2M | 23.4M | 20.1M | 19.0M | 14.2M | 10.4M | |
Other Current Assets | 522K | 383K | 647K | 597K | 3.1M | 3.2M | |
Other Stockholder Equity | 12.4M | 12.8M | 12.9M | 13.2M | 13.5M | 12.3M | |
Total Liab | 15.9M | 16.6M | 14.7M | 10.2M | 13.2M | 9.3M | |
Total Current Assets | 36.3M | 37.8M | 38.3M | 33.3M | 29.6M | 20.0M | |
Short Term Debt | 849K | 2.6M | 276K | 501K | 2.1M | 2.2M | |
Accounts Payable | 4.5M | 1.6M | 663K | 3.1M | 2.1M | 1.5M | |
Property Plant And Equipment Gross | 12.7M | 32.7M | 32.5M | 33.7M | 24.1M | 25.3M | |
Accumulated Other Comprehensive Income | 98K | (1.4M) | (3.9M) | (2.3M) | (2.4M) | (2.6M) | |
Other Liab | 1.8M | 2.1M | 2.5M | 5.7M | 6.6M | 6.9M | |
Other Assets | 666K | 452K | 12.5K | 1.4M | 1.0 | 0.95 | |
Long Term Debt | 3.0M | 2.4M | 5.2M | 7.3M | 4.8M | 0.0 | |
Treasury Stock | (1.5M) | (1.5M) | (1.4M) | (1.3M) | (1.2M) | (1.3M) | |
Property Plant Equipment | 12.7M | 12.0M | 10.6M | 10.7M | 12.3M | 9.0M | |
Net Tangible Assets | 31.5M | 33.5M | 33.7M | 35.4M | 40.7M | 30.6M | |
Retained Earnings Total Equity | 15.7M | 18.8M | 20.5M | 21.8M | 25.1M | 16.6M | |
Long Term Debt Total | 3.0M | 2.4M | 5.2M | 7.3M | 4.8M | 0.0 | |
Capital Surpluse | 14.4M | 14.5M | 14.5M | 14.6M | 16.7M | 15.6M | |
Cash And Equivalents | 2.0M | 5.9M | 9.5M | 4.0M | 4.6M | 5.1M |
Pair Trading with Servotronics
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 Servotronics 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 Servotronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Servotronics Stock
0.61 | AZ | A2Z Smart Technologies | PairCorr |
0.66 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
Moving against Servotronics Stock
0.57 | EH | Ehang Holdings Earnings Call Tomorrow | PairCorr |
0.54 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
0.54 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
0.53 | ERJ | Embraer SA ADR | PairCorr |
0.52 | LMT | Lockheed Martin Financial Report 16th of July 2024 | PairCorr |
The ability to find closely correlated positions to Servotronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Servotronics 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 Servotronics - 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 Servotronics to buy it.
The correlation of Servotronics 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 Servotronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Servotronics 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 Servotronics 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Servotronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Servotronics Stock please use our How to Invest in Servotronics guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is Servotronics' 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 Servotronics. If investors know Servotronics 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 Servotronics 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 (0.41) | Earnings Share (1.19) | Revenue Per Share 18.339 | Quarterly Revenue Growth 0.153 | Return On Assets (0.02) |
The market value of Servotronics is measured differently than its book value, which is the value of Servotronics that is recorded on the company's balance sheet. Investors also form their own opinion of Servotronics' value that differs from its market value or its book value, called intrinsic value, which is Servotronics' 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 Servotronics' market value can be influenced by many factors that don't directly affect Servotronics' 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 Servotronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Servotronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Servotronics' 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.